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The Emperor's New Trade Deal – Paul Krugman

On Tuesday Donald Trump went on CNBC to explain why the European Union is facing a tariff of “only” 15 percent. But what he said was simply delusional — and the delusion should be even more concerning than the tariffs. The Europeans, Trump asserted, had agreed to cough up $600 billion, which he described as a “gift,” not a loan. And he emphasized that this is “$600 billion to invest in anything I want. Anything. I can do anything I want with it.” So Trump apparently believes that the European

For regulated industries, AWS’s neurosymbolic AI promises safe, explainable agent automation

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now AWS is banking on the fact that by bringing its Automated Reasoning Checks feature on Bedrock to general availability, it will give more enterprises and regulated industries the confidence to use and deploy more AI applications and agents. It is also hoping that introducing methods like automated reasoning, which utilizes math-based valida

Qwant and Ecosia debut Staan, a European search index that aims to take on Big Tech

European search engines Qwant and Ecosia said on Wednesday that they have both started serving search queries through an index they developed together, Staan, which aims to be a cheaper, more privacy-focused alternative to Google and Bing. Last year, French privacy-focused search engine Qwant struck a joint venture with German non-profit search engine Ecosia, to develop a European search index. Called European Search Perspective (EUSP), the JV now aims to serve around 50% of French queries and

The EU AI Act aims to create a level playing field for AI innovation: Here’s what it is

The European Union’s Artificial Intelligence Act, known as the EU AI Act, has been described by the European Commission as “the world’s first comprehensive AI law.” After years in the making, it is progressively becoming a part of reality for the 450 million people living in the 27 countries that comprise the EU. The EU AI Act, however, is more than a European affair. It applies to companies both local and foreign, and it can affect both providers and deployers of AI systems; the European Commi

Topics: 2025 act ai eu european

The EU AI Act aims to create a level playing field for AI innovation. Here’s what it is.

The European Union’s Artificial Intelligence Act, known as the EU AI Act, has been described by the European Commission as “the world’s first comprehensive AI law.” After years in the making, it is progressively becoming a part of reality for the 450 million people living in the 27 countries that comprise the EU. The EU AI Act, however, is more than a European affair. It applies to companies both local and foreign, and it can affect both providers and deployers of AI systems; the European Commi

Topics: 2025 act ai eu european

AWS European Sovereign Cloud to be operated by EU citizens

The AWS European Sovereign Cloud will be the only fully-featured, independently operated sovereign cloud, backed by strong technical controls, sovereign assurances and legal protections. It will have no critical dependencies on non-EU infrastructure, and the AWS European Sovereign Cloud is operated only by personnel who are European Union (EU) residents located in the EU, subject to EU law. Based on evolving customer requirements for digital sovereignty in Europe, we are adding EU citizenship t

Lyft and China’s Baidu look to bring robotaxis to Europe next year

Lyft’s European expansion will include Chinese-made robotaxis. The U.S. ride-hailing company announced Monday it has made a strategic partnership with Baidu to deploy the Chinese tech giant’s Apollo Go autonomous vehicles across several European markets. The companies want to launch robotaxi services in Germany and the United Kingdom in 2026, pending regulatory approval. If approved, Baidu’s RT6 vehicles, which are equipped with its Apollo Go self-driving system, will be integrated into Lyft

Baidu plans to expand its robotaxis to Europe with Lyft deal

Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft , as the Chinese tech giant looks to expand its autonomous vehicles globally. The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have "thousands" of vehicles across Europe in the "following years," the two companies said. Lyft has had very little presence in Europe until last week when it closed the acquisition of Germany-based ride hailing company

Google will sign EU's AI Code of Practice

Google says it will sign the European Union’s new AI Code of Practice, which provides a framework for compliance with the EU’s AI Act. The act itself was passed in 2024, but its many provisions will take months to years to come into effect. The non-binding Code of Practice is a voluntary measure intended to help ensure that companies generally meet the obligations laid out by the Act in the meantime. In a blog post announcing Google’s participation, the tech giant shared some skepticism about t

Topics: act ai code eu europe

Big Tech split? Google to sign EU’s AI guidelines despite Meta snub

Google on Wednesday said it will sign the European Union's guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation. In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens' access to advanced new AI tools, as they become available. Google's endorsement comes after Meta recently said it would refuse to sign the code over concerns that it could constrain European AI innovation. "Prompt

Spotify drops 11% for worst day in two years on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a net l

Trump claims Europe won’t make Big Tech pay ISPs; EU says it still might

The White House said yesterday that the European Union agreed to scrap a controversial proposal to make online platforms pay for telecom companies' broadband network upgrades and expansions. But European officials have not confirmed the White House claim, and a European Commission spokesperson said the issue must go through the legislative process. A White House fact sheet on President Trump's trade deal with European Commission President Ursula von der Leyen contains a brief reference to Europ

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 10% on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said that higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a

This founder left Silicon Valley to challenge US defense supremacy from Athens, and investors are paying attention

In the summer of 2021, Dimitrios Kottas made a move that would be unfathomable to most Silicon Valley engineers: after leaving his coveted position as an engineering manager at Apple’s Special Projects Group, he packed up his life in California and moved back to Athens to start a defense company. Three and a half years later, his startup, Delian Alliance Industries, has set up solar-powered surveillance towers that monitor some of Greece’s borders around the clock and detect wildfires on remote

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 11% on weak guidance

Spotify shares dropped more than 11% Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Shares headed for their worst session since July 2023. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues ro

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 9% on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said that higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 8% on weak guidance

Spotify shares dropped more than 8% before the bell Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues rose 10% from about 3.81 billion euros in t

Spotify stock falls 7% on revenue miss, lackluster guidance

Spotify shares dropped more than 7% before the bell Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues rose 10% from about 3.81 billion euros in t

This founder left Silicon Valley to challenge U.S. defense supremacy from Athens, and investors are paying attention

In the summer of 2021, Dimitrious Kottas made a move that would be unfathomable to most Silicon Valley engineers: after leaving his coveted position at Apple’s Special Projects Group, he packed up his life in California and moved back to Athens to start a defense company. Three and a half years later, his startup, Delian Alliance Industries, has set up solar-powered surveillance towers that monitor some of Greece’s borders around the clock and detect wildfires on remote islands, along with a pi

Spotify stock falls on revenue miss, lackluster guidance

Spotify shares dropped about 4% Tuesday after the music streaming platform fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Sweden-based music platform's revenues rose 10% from about 3.81 billion euros in the year-

The rise and fall of the Hanseatic League

Today, we typically think of coalitions in the context of modern electoral politics. So it might be surprising that one of the greatest case studies in the history of coalitions is a community of medieval German merchants known as the Hansa. Starting as individual traveling traders, the Hansa built up coalitions for collective bargaining, collective action, and collective security. Through this process, they formed Northern Europe’s first ever long-distance trade network. Without corporate str

The Rise and Fall of the Hanseatic League

Today, we typically think of coalitions in the context of modern electoral politics. So it might be surprising that one of the greatest case studies in the history of coalitions is a community of medieval German merchants known as the Hansa. Starting as individual traveling traders, the Hansa built up coalitions for collective bargaining, collective action, and collective security. Through this process, they formed Northern Europe’s first ever long-distance trade network. Without corporate str

60 Italian Mayors Want to Be the Unlikely Solution to Self-Driving Cars in Europe

The future of self-driving cars in Italy it seems needs not only technology but also (possibly above all) political backing. The good news, then, is that more than 60 mayors in Italy have decided to take the field for the cars of the future. On July 14, in the hall of the MEET Digital Culture Center in Milan, Pierfrancesco Maran, a member of the European Parliament for the Italian Democratic Party, launched the Autonomous Driving: Italy in the Front Row initiative, which has backing from admini

Estonia's tech elite are getting behind a European challenger to Robinhood

Some of the biggest names of Estonia's tech scene are backing Lightyear, a startup looking to become Europe's answer to commission-free trading pioneer Robinhood . Based in London, Lightyear develops an app that lets users invest in a range of over 5,000 stocks, exchange-traded funds and money market funds. It was founded by two former Wise employees, Martin Sokk and Mihkel Aamer, in 2021. The company is set to announce later on Thursday that it has raised $23 million in a new round of funding

Newly Discovered Gut ‘Sense’ Could Change How We Think About Hunger and Health

There really is something to the concept of having a gut feeling. New research out today suggests our bodies can directly sense and communicate with the many bacteria lining our digestive tract. Scientists at Duke University led the study, published Wednesday in Nature. They found that nerve cells can respond in real time to bacterial signals from the gut—including signals that tell us to curb our appetite. The findings suggest the relationship we have with our microbial neighbors is even more

European authorities arrest alleged admin of notorious Russian crime forum XSS

In Brief European officials have confirmed the arrest of the alleged administrator behind XSS.is, one of the longest-running Russian-language cybercrime forums. Per Europol, the alleged administrator was arrested in Ukraine on Tuesday. A law enforcement notice on XSS now reads: “This domain has been seized.” According to a statement by prosecutors in Paris, French authorities obtained a court order to conduct surveillance on a Jabber server used by the administrator for instant messaging. The

Digital vassals? French Government ‘exposes citizens’ data to US'

France’s deepening reliance on US tech giants is raising alarms about digital sovereignty and exposing public data to foreign jurisdictions. In a French Senate report on economic and digital sovereignty, Senators accused the French State of “political fault”. That was in regard to outsourcing essential data infrastructure to US companies subject to US extraterritorial laws, including Microsoft, despite repeated warnings and alternatives. “France is subject to US extraterritorial law,” the repo

Digital vassals? French Government 'exposes citizens' data to US'

France’s deepening reliance on US tech giants is raising alarms about digital sovereignty and exposing public data to foreign jurisdictions. In a French Senate report on economic and digital sovereignty, Senators accused the French State of “political fault”. That was in regard to outsourcing essential data infrastructure to US companies subject to US extraterritorial laws, including Microsoft, despite repeated warnings and alternatives. “France is subject to US extraterritorial law,” the repo

Meta says it won’t sign Europe AI agreement, calling it an overreach

Meta Platforms declined to sign the European Union's artificial intelligence code of practice because it is an overreach that will "stunt" companies, according to global affairs chief Joel Kaplan. "Europe is heading down the wrong path on AI," Kaplan wrote in a post Friday on LinkedIn. "This code introduces a number of legal uncertainties for model developers, as well as measures which go far beyond the scope of the AI Act." Last week, the European Commission, the executive body of the EU, pub

Meta says it won't sign the EU's AI code of practice

Meta said on Friday that it won't sign the European Union's new AI code of practice. The guidelines provide a framework for the EU's AI Act, which regulates companies operating in the European Union. The EU's code of practice is voluntary, so Meta was under no legal obligation to sign it. Yet Meta's Chief Global Affairs Officer, Joel Kaplan, made a point to publicly knock the guidelines on Friday. He described the code as "over-reach." "Europe is heading down the wrong path on AI," Kaplan post

Topics: act ai code european meta