Dwayne
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Intel plans to invest €5B to expand chip manufacturing at its Leixlip facility in Ireland; in 2025, Intel canceled a planned €30B factory in Magdeburg, Germany (Financial Times)
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Nearly 200 economists, including 15 Nobel laureates and Anthropic's Jack Clark, sign a letter titled We Must Act Now, warning of rapid AI-led job displacement (Ben Casselman/New York Times)
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Samsung says it now aims to begin operations at its first chipmaking plant in South Korea's Yongin by 2029, bringing the timeline forward from 2030 or 2031 (Henry Siu/The Information)
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Meta says it will spend an extra $40B on its 4,000-acre data center campus in Louisiana, aiming for 5GW+ of computing power, pushing the total cost beyond $250B (Riley Griffin/Bloomberg)
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The EU blacklists Russian intelligence group members it says were responsible for spying on and hacking targets across the EU and Ukraine from as early as 2010 (Politico)
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China says President Xi will deliver a keynote speech at the opening ceremony of the three-day World AI Conference in Shanghai on Friday, his first appearance (Bloomberg)
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SK Hynix's shares fall 15%+ in Seoul, posting its largest-ever fall, after a strong Nasdaq debut, as investors book profit amid US share valuation uncertainty (Lee Ying Shan/CNBC)
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Investigation: Western intelligence officials identify a Russian military intelligence unit in Tokyo that smuggles high-tech components for the war in Ukraine (New York Times)
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European Commission President Ursula von der Leyen says the bloc is set to propose a "social media start date for minors", with a proposal after a summer break (Barbara Moens/Financial Times)
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Sources: Shein is targeting a $40B+ valuation after winning Beijing's approval for a Hong Kong IPO, set for as early as Q3; Shein canceled its US IPO in 2024 (Wall Street Journal)
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How a Denmark-based research team is using quantum computers to accelerate AI protein discovery, showing a near-term commercial application for the quantum tech (Isabella Ward/Wired)
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A look back at the 2007 heist of a Verizon data center in London, highlighting the role of physical data security as cyber defenses grow more sophisticated (Nathaniel Rich/New York Times)
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Munich-based defense tech startup Helsing raised a $1.8B Series E from Dragoneer, Iconiq, and others at an $18B valuation; Germany made a €270M order this year (Mark Bergen/Bloomberg)
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Docs: Uber lobbied for a "phased transition" to AVs, giving it an edge over self-driving developers; Uber says AV industry proposals overlook drivers' rights (Aarian Marshall/Wired)
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Eating disorder therapists say patients are increasingly using AI chatbots for advice, while AI also appears to be directing more patients to helplines (Julie Jargon/Wall Street Journal)
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A look at ADI Predictstreet's troubled launch, marked by tiny trading volumes, withdrawal bugs, and other issues, as it tried to challenge Kalshi and Polymarket (Wall Street Journal)
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A Taiwanese minister says TSMC plans two more advanced chip packaging plants in the Chiayi Science Park, with all four set to generate $9.35B+ in annual output (Wen-Yee Lee/Reuters)
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Open-weight AI models are facing an existential policy test in the US, with Anthropic leading a campaign against Chinese models over distillation concerns (Nathan Lambert/Interconnects AI)
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How museums are using AI chatbots to reach new audiences, as some museum staff worry AI-generated inaccuracies and bias could undermine them as trusted sources (Naomi Rea/Financial Times)
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A profile of Asha Sharma, an outsider elevated by Satya Nadella to lead Xbox, where she made sweeping job cuts and shed game studios within her first few months (Financial Times)
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