France and Germany, along with Austria, Bulgaria, Poland, and Slovenia, are establishing AI Factories to expand Europe’s AI infrastructure, with Germany’s AI Factory including an experimental platform for innovative AI models. These factories will provide comprehensive support for AI startups and researchers, offering access to high-performance computing resources and technical expertise. Additionally, Austria’s AI Factory aims to support ethical and sustainable AI development, while Bulgaria’s BRAIN++ Factory focuses on talent development and fostering AI innovation in various sectors.
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EU readies retaliatory tariffs to secure better trade deal with Trump
The EU is preparing to leverage a "credible threat" of retaliation against US tariffs in ongoing trade negotiations, as warned by Bjoern Seibert, chief of staff to European Commission President Ursula von der Leyen. With Trump threatening a 50% tariff unless a deal is reached by July 9, EU officials are considering tariffs on €95bn of US goods and other measures, while acknowledging challenges in eliminating existing US tariffs. Need More Context? 🔎
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