europe - CybAI news

07 Aug

Swiss Chipmaker U-Blox to Review Options for Connectivity Unit

stp2y0 CommentsRAG modelseurope, infrastructure, Stephan Zizala, Switzerland, Technology, U-BLOX HOLDING AG, Utilities

Swiss chipmaker U-Blox Holding AG will review strategic options for its connectivity business and plans to expand a cost-cutting initiative, citing “muted” market conditions. U-Blox didn’t elaborate on its plans for the connectivity unit, which sells modules that can be built into equipment used to operate cellular networks. It said Wednesday that revenue declines in the business was “more pronounced” than for overall sales. The stock dropped as much as 3.1% before rebounding. Source link lol

07 Aug

Lazard Brokers Sale of Africa Payment Firm OMOA to Tunisia’s SPE

stp2y0 CommentsRAG modelsafrica, EDGAR DUNN & CO LTD, europe, finance, Great Britain, Investor Relations, LAZARD INC, Markets, Private Equity, Technology, World Bank

Private equity investor Adenia Partners Ltd. said it will sell its 100% stake in African payments firms OMOA to Tunisia-based SPE Capital in a deal brokered by Lazard Inc.The deal, for an undisclosed price, will complete Adenia’s exit from the €96 million ($105 million) fund that purchased the stake alongside other holdings, head of investor relations Mack Schow said in an interview. Source link lol

07 Aug

Tesla Recalls 1.6 Million Cars in China Over Hood-Lock Problem

stp2y0 CommentsRAG modelsAutomotive, china, europe, France, Government, JULY SARL/CAEN, regulation, retail, software, Technology, TESLA INC

Tesla Inc. has recalled most of the cars it’s ever sold in China due to an issue that could leave an unlocked hood to go unnoticed, creating a potential safety hazard, according to a notice by the state market regulator.A latch assembly issue may at times prevent the driver from being alerted about an unlocked front hood, which could allow the hood to fully open with the vehicle in motion, increasing the risk of a collision, according to a recallBloomberg Terminal notice by the State Administration for Market Regulation on Tuesday. Source link lol

06 Aug

Instacart Pushes Overseas With Smart Cart Deal in Austria

stp2y0 CommentsRAG modelsadvertising, Austria, canada, DOORDASH INC - A, Earnings, europe, KROGER CO, SCHNUCK MARKETS INC, shopping, Technology, WAKEFERN FOOD CORP

Instacart is making its first international push outside the US and Canada by testing its smart shopping carts in Europe, a move the company said will lay the foundation for growth beyond its core grocery delivery service.Instacart’s high-tech shopping carts, called Caper Carts, will be used in ALDI South Group’s grocery store in Sattledt, Austria, the companies said Tuesday in a statement. The carts — an effort Instacart began through a $350 million acquisition in 2021 — include self-checkout and are equipped with cameras and sensors to detect items. They have been deployed at metro and suburban branches of US…

06 Aug

Fujitsu Struggles to Find Workers to Expand in IT Consultancy

stp2y0 CommentsRAG modelsACCENTURE PLC-CL A, artificial intelligence, carbon emissions, europe, France, FUJITSU LIMITED, hardware, japan, MUST, Technology, Yoshinami Takahashi

Fujitsu Ltd. is having trouble winning the tech workers it needs to expand its IT consultancy arm and take on bigger system integrators like Accenture Plc.The Tokyo-based company, which is fighting to differentiate itself in Japan’s crowded industrial electronics sector, was targeting a five-fold expansion in its consultancy team to 10,000 workers in the business year to March 2026. But making headway has been tough, according to Corporate Executive Officer Yoshinami Takahashi. Source link lol

05 Aug

Apple’s Shift to AI Is Poised to Soften Blow From Google Ruling

stp2y0 CommentsRAG modelsadvertising, ALPHABET INC-CL A, APPLE INC, Ari Paparo, artificial intelligence, europe, Government, iphone, justice department, software, Technology

Google’s defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple Inc., which generates roughly $20 billion a year in payments from the internet search giant. Apple shares slipped almost 5% on Monday after a judge ruled that Google’s payments to device makers — made in return for its search engine getting preferential placement — were illegal. The decision handed a win to the Justice Department in its first major antitrust case against Big Tech in more than two decades. Source link lol

25 Jul

French Power Export Curbs Could Boost Prices for Neighbors

stp2y0 CommentsRAG modelsBelgium, energy, europe, Exports, France, Generic 1st 'XW' Future, germany, Italy, Markets, Switzerland, Technology

French electricity grid limitations will constrain power exports from Monday for more than two months, threatening higher prices in neighboring countries. The curbs that run until October will impact exports to Belgium, Germany, Switzerland and Italy. Similar limitations this spring led to record spreads between France’s day-ahead power price and its neighbors. Source link lol

24 Jun

Apple Hits a Major Roadblock as EU Targets App Store

stp2y0 CommentsRAG modelsapple, artificial intelligence, europe, google, iphone

Apple has become the first big tech company to be charged with breaking the European Union’s new digital markets rules, three days after the tech giant said it would not release artificial intelligence in the bloc due to regulation.On Monday, the European Commission said that Apple’s App Store was preventing developers from communicating with their users and promoting offers to them directly, a practice known as anti-steering.“Our preliminary position is that Apple does not fully allow steering. Steering is key to ensure that app developers are less dependent on gatekeepers’ app stores and for consumers to be aware of better…

20 Jun

Europe Scrambles for Relevance in the Age of AI

stp2y0 CommentsRAG modelsartificial intelligence, cloud computing, eu, europe, european union, startups

That concentration of power is uncomfortable for European governments. It makes European companies downstream customers of the future, importing the latest services and technology in exchange for money and data sent westward across the Atlantic. And these concerns have taken on a new urgency—partly because some in Brussels perceive a growing gap in values and beliefs between Silicon Valley and the median EU citizen and their elected representatives; and partly because AI looms large in the collective imagination as the engine of the next technological revolution.European fears of lagging in AI predate ChatGPT. In 2018, the European Commission issued an…

09 Jun

The EU Is Taking on Big Tech. It May Be Outmatched

stp2y0 CommentsAIartificial intelligence, europe, european union, privacy, regulation

From the Digital Services Act to the AI Act, in five years Europe has created a lot of rules for the digital world. Implementing them, however, isn’t always easy. Source link lol