EU commits €200 billion to AI

€200B

The European Union is boosting its AI investments by another €50 billion for a total of €200 billion as part of its “InvestAI initiative” — Europe’s answer to the US Stargate initiative, a joint venture by Oracle, SoftBank, and OpenAI.

At the AI Action Summit in Paris on Tuesday, European Commission President Ursula Von der Leyen said the initiative would be the “largest public-private partnership in the world for the development of trustworthy AI.” This is the latest move by the European Union to catch up with AI development in the US and China.

The announcement comes a day after French President Emmanuel Macron pledged a gigawatt of its nuclear power as part of a $113 billion play to make the country the center for European AI computing.

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Rani Molla11/7/25

Amazon expands low-price Haul section to 14 new markets as Amazon Bazaar app

Amazon is expanding its low-cost Amazon Haul experience to a new stand-alone app called Amazon Bazaar.

Amazon launched its Temu and Shein competitor a year ago as a US mobile storefront on its website and has since expanded to about a dozen markets. Consumers could purchase many items for under $10, as long as they were willing to stomach longer delivery times.

Now, thanks to success in those places, the programming is expanding to 14 new markets — Hong Kong, the Philippines, Taiwan, Kuwait, Qatar, Bahrain, Oman, Peru, Ecuador, Argentina, Costa Rica, the Dominican Republic, Jamaica, and Nigeria — with a new app and name: Amazon Bazaar.

“Both Amazon Haul and Amazon Bazaar deliver the same ultra low-price shopping experience, with different names chosen to better resonate with local language preferences and cultures,” the company said in a press release.

Amazon extends Haul’s ultra low-price shopping experience to 14 new destinations with new Amazon Bazaar app

Big Tech’s most important infrastructure is at the bottom of the sea

While data centers on land are getting all the attention, Big Tech’s vast network of undersea fiber-optic cables carry 99% of all international network traffic.

Jon Keegan11/7/25

After watching small drones reshape the battlefield in Ukraine, the US Army has announced plans to buy 1 million drones over the next two to three years, according to a report from Reuters.

The military threat of China’s dominance of the quadcopter-style drone industry is also driving the decision. But China’s control over much of the supply chain for drones, including rare earth magnets, sensors, and microcontrollers, will make it much harder for American drone manufacturers to catch up.

Rani Molla

They’re Out There

11/7/25

The wildest stuff Elon Musk said at Tesla’s shareholder meeting

Get ready to text and drive while the Optimus robot cures poverty.

Anti-Elon Musk Activist Group Installs Faux 'Blue Plaque' At Tesla Showroom In Tottenham

Rani Molla

11/6/25

Tesla shareholders approve Elon Musk’s $1 trillion pay package

The voting results were announced at Tesla’s 2025 annual shareholders meeting Thursday.

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