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Google has backed Germany-based Proxima Fusion, which is looking to build Europe’s first commercial fusion power plant, in a 411 million euros ($468 million) round, the company announced on Tuesday.Nuclear fusion is the process of combining two hydrogen atoms to form one helium atom, releasing huge amounts of energy.While it promises an abundance of energy, the technology has not been deployed commercially, with the industry racing to overcome technical challenges. All current nuclear power plants use fission, which involves splitting atoms.Google’s investment underscores its continued interest in fusion as a potential source of abundant, carbon-free, firm energy over the long-term,…
ABG Sundal reports 27% revenue growth in second quarter Source link
As Nato meets, the continent is starting to think about how to defend itself without the US Source link
SpaceX will go into the Nasdaq-100 on Tuesday, unleashing a wave of passive buying of the stock from mutual funds and exchange-traded funds that track the index. The technology and rocket-launch company will be added to the Nasdaq-100 at the start of trading on Tuesday with a capitalization at three times its raw float of $75 billion, translating to a index weight of about 1.3%, according to a recent JPMorgan estimate. While index inclusion will put upward pressure on the stock, expiring lockups over the coming weeks and months will likely add downward pressure as insiders unload shares. SPCX 5D…
Why is Cochin Shipyard stock sliding today? Source link
Chinese-built AI models are gaining traction among U.S. companies as they narrow the performance gap with leading American rivals while remaining significantly cheaper to use.Recent model releases from Chinese companies, including DeepSeek and Z.ai, are seen by many as highly competitive compared to leading frontier systems from the likes of Anthropic and OpenAI. Those advances in capability come as token prices for the most advanced models rise at many U.S. AI labs, leaving companies grappling with unexpectedly high costs associated with using the tech.The share of tokens used by U.S. companies on Chinese AI models via OpenRouter — a platform…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A new online system to pre-authorise entry to the EU is set to be delayed until next year, after the chaotic rollout of a separate electronic border-check system disrupted visits to the bloc.About 1.4bn visa-exempt travellers to the EU — including those from the UK and US — will have to register through the European travel information and authorisation system, known as Etias, which mirrors the US Esta system. Applicants will pay €20 and undergo pre-travel security checks.Discussions about delaying Etias follow…
The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics.Joan Cros | Nurphoto | Getty ImagesSamsung Electronics on Tuesday reported preliminary second-quarter operating profit of 89.4 trillion won ($58.4 billion), versus 57.2 trillion won in the prior period.Operating profit from the same period a year earlier was 4.7 trillion won.Samsung shares traded nearly 5% lower at Tuesday’s open.The tech giant reported revenue for the April-to-June period of 171 trillion won, up from 133.9 trillion won in the previous quarter.The results include deducted one-off expenses for employee bonus provisions…
Asia stocks fall as AI valuation fears overshadow Samsung’s blockbuster earnings Source link
“Is the fact that the chat model might be able to respond to prompts and have a conversation something closer to a recommendation, or guidance?” he asked. But he also said AI could “democratize” finance by widening access to sophisticated services currently only available to the richest customers. He said people earning only £20,000 a year could gain access to financial advice usually only available “to somebody who has got £10mn in savings or assets,” adding: “I mean what’s not to like about that?” His report recommends the FCA convenes public and private sector groups to develop an “AI-enabled financial…