A series of moves by governments and companies underscored the growing centrality of data centers in national economies and corporate strategy, despite mounting opposition to the huge infrastructure projects across much of the West. Spain, which has been a hub for such sites thanks to its relatively plentiful renewable power, ...
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Toyota plans to deploy 400K robots in billion-dollar humanoids comebackToyota plans to deploy 400K robots in billion-dollar humanoids comeback
Toyota is planning to deploy 400,000 robots as part of a $6.4 billion annual investment plan to automate assembly lines, as the Japanese giant draws on its history to make up ground in the humanoids race. Toyota has 20 years of data to pull from, giving it an edge over ...
Anthropic IPO filing discloses first-of-its-kind governance structureAnthropic IPO filing discloses first-of-its-kind governance structure
Anthropic’s seven co-founders will control the company through one golden share of supervoting stock, giving the first-of-its-kind listing a novel governance structure to match. Even early investors Amazon and Google only have nonvoting stock, while a separate council of “financially disinterested trustees with expertise in AI safety” will choose most ...
Democratic wins in Venezuela, Serbia face structural challengesDemocratic wins in Venezuela, Serbia face structural challenges
Two emotionally charged symbolic wins for democratic movements occurred hours apart on opposite sides of the globe Sunday, but both face structural impediments in translating momentum into lasting change, a prominent political scientist argued. Venezuela’s opposition leader María Corina Machado greeted crowds in Caracas after nearly 10 months in exile, ...
Brazilian markets plunge after Lula’s surprise victoryBrazilian markets plunge after Lula’s surprise victory
Brazilian markets plunged Monday after President Luiz Inácio Lula da Silva clinched a reelection victory, as investors scrambled to reconfigure their bets on right-wing challenger Flávio Bolsonaro. “Everyone was caught by surprise,” an analyst told Bloomberg. “The market will reprice everything.” The result derailed some $6 billion in corporate equity ...
Lula victory in Brazil means more Trump tensionsLula victory in Brazil means more Trump tensions
Brazil’s decision to reelect leftist President Luiz Inácio Lula da Silva over Flávio Bolsonaro marks a setback in President Donald Trump’s bid to elevate like-minded leaders across the globe. It also raises questions about the relationship between the two countries going forward. Asked about future relations, one person close to ...
US-Canada trade deal not as ‘close’ as portrayedUS-Canada trade deal not as ‘close’ as portrayed
A US-Canada trade deal is likely not as imminent as some US officials indicated over the weekend. National Economic Council Director Kevin Hassett said Sunday that negotiators were “very close” to reaching an agreement that would ease the countries’ tit-for-tat tariffs on an array of goods, a sentiment President Donald ...
Founder control, Trump risk, giant losses: Anthropic’s IPO filingFounder control, Trump risk, giant losses: Anthropic’s IPO filing
The News Investors got a look for the first time at just how much money Anthropic is losing and how deeply entwined the frontier lab is with other players in the AI ecosystem. The company’s net loss was $81 billion in the first half of this year, according to its ...
New EU rules threaten Ethiopia’s coffee sectorNew EU rules threaten Ethiopia’s coffee sector
The EU goal of reducing global deforestation could have damaging consequences for Ethiopia’s coffee sector and wider economy, a think tank said. Some 15 million people in the country widely considered to be the birthplace of coffee are involved in the industry, which sends 30% of its output to the ...
Business less skeptical than Trump on South AfricaBusiness less skeptical than Trump on South Africa
Tiisetso’s view The Trump administration has never hidden its diplomatic feud with South Africa — whether it be punishing tariffs, visa restrictions, or the US ambassador to Pretoria issuing thinly veiled threats that have left Pretoria sweating over its future in the African Growth and Opportunity Act. But geopolitics doesn’t ...