technology – EuroMed

From bears to bulls to AI booms

Bears did it again? The massive move lower in the AAII bull – bear spread (outlined here) has resulted in markets squeezing lately. Nothing new, but frustrating for the crowd. Source: Refinitiv Smart money Smart or not, but they missed the latest squeeze… Source: Barclays Buyback ATH 29% of global stocks are buying back their shares,…

JPMorgan Chase to spend $200 million on carbon dioxide removals

LONDON, May 23 (Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) will spend over $200 million on carbon dioxide removal credits to take away and store 800,000 tons of emissions as part of its sustainability efforts, it said on Tuesday. Even with pledges of huge reductions in emissions, many scientists believe extracting carbon dioxide (CO2) by…

Amazon To Invest $100M In Generative AI Center

Germany And The EU Are Hopelessly Behind On EVs & Artificial Intelligence

The EU is hopelessly behind the US and China on technology that will lead the future. It will stay that way… Sleepwalking Into Oblivion Eurointelligence has an interesting article on how Germany is Sleepwalking Into Oblivion. Current policy debates are rightly focused on the consequences of global bifurcation. But perhaps an even bigger danger for the EU is…

Alphabet Shares Slide On Report Samsung Abandoning Google For Bing

Shares of Alphabet slid during premarket trading in New York on Monday following a New York Times report on Sunday that revealed South Korean consumer electronics giant Samsung was considering replacing Google with Microsoft’s Bing as the default search engine on its devices. NYT said Google’s employees were “shocked” when they heard about the news in March.…

The EU Will Lag On AI For The Same Reason It Lost On Phones And EVs

Let’s discuss why the EU lags on artificial intelligence, electric vehicles, cloud storage, phone technology, and nearly everything else… Eurointelligence comments Europe is Losing the AI Battle. Having missed the first stage of the digital revolution, Europe is now in danger of missing the next big phase: that of artificial intelligence, a technology that is now…

Tesla To Announce New $3.5 Billion Production Facility For Semis In Nevada

If there’s a demand problem, Tesla certainly isn’t acting like it. Just days after the company slashed prices on its models in both the U.S. and China, it is now being reported that Tesla is seeking to open yet another production facility – this one slated to be in northern Nevada. The planned $3.5 billion plant is going…

NASA Considers SpaceX For Emergency Return Mission For Potentially Stranded Astronauts

Three weeks ago, the Russian Soyuz spacecraft sprang a coolant leak while docked at the International Space Station, leaving the craft’s spaceworthiness in question. NASA and Russia’s space agency, Roscosmos, have been investigating what caused a punctured coolant line. The Soyuz is supposed to return two cosmonauts and one US astronaut to Earth this month. Reuters said…

Cloud and complexity in IT

Companies are moving to the cloud for speed and agility. But many find they are not moving fast enough to reap the promised benefits. It’s an old story by now—cloud is the computing of the future. What has become evident in recent years, however, is cloud has established itself as the computing of the present—and…