Microsoft, Nvidia invest in Anthropic in cloud services deal

In a parliamentary session, MP Samantha Niblett accused Microsoft of having 'ripped off the NHS' as calls were made to shift government contracts from US tech firms to British companies. Microsoft holds a five-year contract with the NHS valued at over £700 million, while the UK government reportedly spent £1.9 billion on Microsoft software licenses in the 2024-25 financial year.

Executives from Musk's xAI and Nvidia announced plans to develop a data center in Saudi Arabia during a gathering that included President Trump and Crown Prince Mohammed bin Salman. This collaboration highlights the growing interest in technological investments in the region.

Larry Summers has resigned from his position on the board of OpenAI following his name being mentioned in documents related to Jeffrey Epstein. Harvard University, where Summers serves as a professor, is also set to investigate the allegations against him.

Larry Summers has resigned from the board of OpenAI following public backlash over emails exchanged with Jeffrey Epstein. The former U.S. Treasury Secretary faced criticism for his frequent communication with Epstein, a convicted sex offender, which has raised questions about his judgment and associations.

European markets stabilized on Wednesday morning after experiencing losses due to concerns that AI stocks may be overvalued. Investors are keenly awaiting the latest results from US chipmaker Nvidia, a key player in the AI sector. Additionally, Japanese media reported that China has suspended seafood imports from Japan amid diplomatic tensions. A US judge also ruled that Meta does not hold a monopoly.

Anthropic has announced the world's first AI-led hacking campaign, which has sparked both alarm and skepticism among experts in the field. The implications of this development raise concerns about the potential risks associated with AI technologies.

TikTok is set to empower users by allowing them to reduce the amount of artificial intelligence-generated content in their feeds. The platform, which currently hosts over 1 billion AI videos, is testing this feature over the coming weeks before a global rollout. This initiative comes in response to the increasing prevalence of AI-generated content, driven by new tools like OpenAI's Sora and Google's Veo 3.

Global stock markets continue to decline, with major indices in Europe dropping over 1%. The UK's FTSE 100 fell by 0.9%, while Germany's Dax and France's CAC both saw losses of 1.3% and 1.5%, respectively. The S&P 500 also experienced its third consecutive loss, marking its worst three-day performance since April. Concerns surrounding the artificial intelligence sector, particularly regarding Nvidia's upcoming earnings and the US payrolls report, are contributing to the market's instability.