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Saturday, 24 October 2026

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Trump’s new executive order brings together Big Tech, academics and the government on AI research

The White House on Monday launched a new program to allow the Department of Energy’s national laboratories to collaborate with tech companies and academics on using AI to further scientific research. Under the new Genesis Mission, created by executive order, the Department of Energy will develop a new AI platform that uses federal scientific data …

The post Trump’s new executive order brings together Big Tech, academics and the government on AI research appeared first on Egypt Independent.

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Big Tech keeps splurging on AI. The pressure is ramping up to show why

Silicon Valley’s mega AI spending spree isn’t slowing down anytime soon. But Wall Street’s patience to see a return might be wearing a little thin. That message rang clear when Meta, Microsoft, Amazon, Apple and Google parent Alphabet all said this week that they’re forking over more on capital expenditures, like leases and equipment for …

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Europe whacks American Big Tech with $797 million fine. Meta cries ‘tariff’

London CNN  —  The European Union has fined Apple and Meta a combined €700 million ($797 million) in the first enforcement of its landmark digital competition law. The penalties for breaching the Digital Markets Act come amid attacks on the EU by the Trump administration for what it sees as the bloc’s unfair targeting of …

The post Europe whacks American Big Tech with $797 million fine. Meta cries ‘tariff’ appeared first on Egypt Independent.

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A global tax war is looming. It could hit Big Tech hard

New York CNN  —  A stalemate in Washington could destroy a landmark tax deal that was painstakingly hammered out among 140 countries over the better part of a decade. Some analysts say that the United States’ inability to ratify the deal could lead to a tax war among the richest nations that would hit tech …

The post A global tax war is looming. It could hit Big Tech hard appeared first on Egypt Independent.

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