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Battery storage firms eye AI demand but face grid, supply hurdles

Battery storage firms eye AI demand but face grid, supply hurdles

By Kavya Balaraman May 18 (Reuters) - Battery storage firms in the U.S. are seeing surging interest from power-hungry AI data centers, but lengthy queues to connect to the grid and a supply chain heavily dependent on China are hampering the industry's ability to rapidly scale.
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Mistral AI CEO Warns Europe of Becoming Dependent on U.S. AI Infrastructure

Mistral AI CEO Warns Europe of Becoming Dependent on U.S. AI Infrastructure

Arthur Mensch, CEO of the French AI startup Mistral, has issued a stark warning to European lawmakers about the continent's potential dependency on American AI infrastructure. During a hearing at France's National Assembly, Mensch emphasized that Europe has a two-year window to develop its own AI capabilities to avoid becoming a 'vassal state' to U.S. tech giants. He highlighted the risk of losing control over AI models and the necessary energy and computing infrastructure if Europe continues to rely on American digital services. Mensch's comments underscore the urgency for Europe to invest in its AI industry, particularly in chips, energy, and data center capacity, to maintain digital sovereignty.
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Mistral AI's CEO Warns Europe of Dependence on U.S. Tech Giants Without AI Infrastructure Investment

Mistral AI's CEO Warns Europe of Dependence on U.S. Tech Giants Without AI Infrastructure Investment

Arthur Mensch, CEO of French AI startup Mistral, has issued a warning that Europe has a two-year window to develop its own artificial intelligence infrastructure or risk becoming dependent on American tech giants. During a hearing at France's National Assembly, Mensch emphasized the importance of digital sovereignty and the need for Europe to control its AI models and the infrastructure that supports them. He highlighted the aggressive moves by U.S. companies to secure resources like energy and data center capacity, which could leave Europe at a disadvantage. Mistral, valued at $13.6 billion, aims to build significant AI computing capacity by 2029, but Mensch argues that more investment is needed to prevent Europe from becoming a 'vassal state' reliant on U.S. digital services.
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CrowdStrike Report Highlights AI-Driven Cyber Threats from North Korea and China Targeting Fintech

CrowdStrike Report Highlights AI-Driven Cyber Threats from North Korea and China Targeting Fintech

CrowdStrike Report Highlights AI-Driven Cyber Threats from North Korea and China Targeting Fintech
Reuters Reuters
G7 finance chiefs seek to tackle imbalances as trade strains unity

G7 finance chiefs seek to tackle imbalances as trade strains unity

By Leigh Thomas PARIS, May 18 (Reuters) - G7 finance ministers gathering in Paris on Monday will try to find common ground on tackling global economic tensions and coordinating critical raw material supplies, even as geopolitical differences threaten to test the group's cohesion.
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Data Center Development Faces Challenges Due to Permitting and Political Issues

Data Center Development Faces Challenges Due to Permitting and Political Issues

Data Center Development Faces Challenges Due to Permitting and Political Issues
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U.S. Commerce Department Approves Nvidia's H200 GPU Sales to Chinese Tech Firms, Boosting AI Prospects

U.S. Commerce Department Approves Nvidia's H200 GPU Sales to Chinese Tech Firms, Boosting AI Prospects

U.S. Commerce Department Approves Nvidia's H200 GPU Sales to Chinese Tech Firms, Boosting AI Prospects
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AI Governance Emerges as Critical Topic in Trump-Xi Summit Amid Rising Cybersecurity Concerns

AI Governance Emerges as Critical Topic in Trump-Xi Summit Amid Rising Cybersecurity Concerns

During the summit in Beijing between President Trump and Chinese President Xi Jinping, artificial intelligence (AI) governance has emerged as a critical topic. The focus is on the AI model 'Mythos' developed by Anthropic, which has raised global concerns due to its potential to identify vulnerabilities in software systems. This development has prompted calls from global leaders for urgent AI governance. The summit, which includes discussions on various geopolitical issues, sees AI as a pivotal element, with experts like Ryan Hass from the Brookings Institution highlighting its potential long-term impact. The presence of industry leaders, including tech executives, underscores the importance of AI in U.S.-China relations.
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Foxconn Industrial Internet Co Ltd Expands Cloud and Industrial Digitalization Amid AI Demand

Foxconn Industrial Internet Co Ltd Expands Cloud and Industrial Digitalization Amid AI Demand

Foxconn Industrial Internet Co Ltd Expands Cloud and Industrial Digitalization Amid AI Demand
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Pope creates artificial intelligence study group as Vatican prepares to release his first encyclical

Pope creates artificial intelligence study group as Vatican prepares to release his first encyclical

Pope Leo XIV has created a study group on artificial intelligence in a sign of his ongoing concern about the technology
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The Vatican has said a lot about artificial intelligence. A primer ahead of the pope's encyclical

The Vatican has said a lot about artificial intelligence. A primer ahead of the pope's encyclical

The Vatican is preparing to release Pope Leo XIV’s first encyclical in the coming weeks
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Lithium Demand Surges as AI and Data Centers Drive New Battery Needs

Lithium Demand Surges as AI and Data Centers Drive New Battery Needs

Lithium Demand Surges as AI and Data Centers Drive New Battery Needs