Micron reports earnings on June 24, expects record revenue growth driven by AI memory demand

How can Europe better support tech startups? It’s a question being asked at Vivatech, Europe’s biggest event for innovation and technology. Business Editor Kate Moody has been speaking to Eleonore Crespo - co-founder and co-CEO of Pigment, a business planning platform that helps firms make strategic decisions using artificial intelligence. The company was founded as a startup in 2019, and has since become one of just a handful of French tech unicorns, valued at over $1 billion.

Biggest AI firms will likely recoil at Bernie Sanders' AI wealth fund.

IREN leads public Bitcoin miners with a projected $21.1 billion AI infrastructure funding gap, underscoring the capital-intensive nature of converting mining sites into data centers.

Europe's lag in AI chip acquisition could hinder its technological autonomy and innovation, necessitating regulatory and strategic shifts. The post ASML CEO warns Europe is ‘quite behind’ in AI race as US buys 80% of advanced chips appeared first on Crypto Briefing.

Apple execs are now acknowledging the company is going to need to raises prices to cope with higher component costs, particularly memory. Apple has been battling to avoid doing so, but warned this week that those efforts are “unsustainable.” The price pressure is being felt across the tech industry. Omdia predicts the average selling price (ASP) of smartphones globally will increase by around 20% this year — partly because AI industry demands have pushed up RAM prices and partly because of rapid cost increases in processor production as a direct consequence of war in the Middle East. This impacts anything that uses memory or processors. Apple must raise prices, CEO warns “We’re doing our best to mitigate the huge increases that are being passed to us, and we’ve been trying to shield our customers from the increases, but the situation has become unsustainable,” current Apple CEO Tim Cook told the Wall Street Journal. OK, so prices are going to go up. But how? If Apple must raise prices,

OpenAI's strategic shift to hardware, led by Ha Thai, could redefine AI consumer interactions, intensifying competition with Meta. The post OpenAI hires Ha Thai from Meta to lead device communications appeared first on Crypto Briefing.

A new Pew Research Center study reveals a striking disconnect between growing AI adoption in the United States and widespread public pessimism about its long-term consequences. Only 16% of Americans believe AI will have a positive impact on society over the next 20 years, while around 40% expect a negative outcome. Skepticism toward oversight is […]

Live Science spoke with Kaveh Madani, the lead investigator of a United Nations report examining AI's environmental footprint, about this technology's staggering energy use and what users can do to limit their impact.