Kazakhstan drives Central Asia transport investment with $32.3 billion
Kazakhstan accounts for 45% of Central Asia’s road and rail infrastructure investment, with around $32.3 billion committed as the region expa...
Prime Minister Petteri Orpo has announced Finland's ambition to host a European AI gigafactory. The move aims to boost national growth by building on the success of the LUMI supercomputer, with telecommunications giant Nokia poised to lead the project's business consortium.
The announcement was made on Tuesday during an AI roundtable in Helsinki, where leaders gathered to discuss the European Union's strategic initiatives for artificial intelligence and strengthening national coordination on AI policy and infrastructure.
"The government's key goal is to enable new growth in Finland. Utilising new technology and creating a world-class artificial intelligence infrastructure are essential here," Orpo stated in a government press release.
Finland is positioning itself as an ideal location for the facility, citing the proven success of the LUMI (Large Unified Modern Infrastructure) supercomputer. Located in Kajaani, LUMI is one of the world's most powerful supercomputers and a cornerstone of a pan-European effort to advance scientific research.
The proposed gigafactory could be built adjacent to the existing LUMI AI Factory, which already supports Finnish and European AI research by providing high-performance computing resources.
In a significant development, Prime Minister Orpo revealed that Nokia has expressed its willingness to lead the business consortium backing Finland's bid. This brings major industrial leadership to the forefront of the proposal.
"Gigafactories are essential for the development of European infrastructure and digitalisation, so that we can fully utilise the opportunities created by artificial intelligence," commented Mikko Hautala, Nokia's Chief Geopolitical and Government Relations Officer.
The push for AI gigafactories is a central component of the European Commission's InvestAI initiative. This ambitious program aims to mobilise €200 billion to fund advancements in artificial intelligence and high-performance computing.
These gigafactories are designed to provide the massive computational power necessary to develop next-generation AI models, ensuring that Europe remains globally competitive in this critical technological domain.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th of August, covering the latest developments.
Five years after Evergrande's debt crisis rattled global markets, founder Hui Ka Yan has been sentenced to life in prison, marking a dramatic new chapter in the downfall of China's former property giant.
An artificial intelligence agent running an experimental store in San Francisco has recommended dismissing a human employee after the worker repeatedly arrived late for shifts.
Nvidia is teaming up with some of the biggest names in global finance in a move that underscores how artificial intelligence is rapidly becoming one of the world's most sought-after investment themes.
Parts of Europe and the Arctic will briefly fall into darkness on Wednesday, 12 August, as the Moon passes between Earth and the Sun in a total solar eclipse.
Meta said one of its AI models hacked another company's systems during cybersecurity testing, intensifying concerns about how developers can contain increasingly capable AI systems following similar incidents involving Anthropic and OpenAI.
Scientists say the accidental crash of a discarded SpaceX rocket stage into the moon has provided valuable data on impact cratering while posing no threat to Earth or lunar hardware.
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