Nobel Laureate: AI won’t revive rapid economic growth

Chinese firms are increasingly opting for local AI suppliers over Nvidia, reflecting rising tensions with the US and a push for domestic tech independence.

Nobel laureate Christopher Pissarides warns that AI is unlikely to bring back rapid productivity growth in Western economies.

NVIDIA and Hugging Face are enhancing the LeRobot platform with new models and frameworks, streamlining robotics development for the open-source community.

Starting July 15, new regulations in China will require AI companion services like Doubao and Qwen to remove personalized agent features. The rules aim to regulate user interactions and ensure compliance with government standards, while sparing certain functionalities. This move highlights Beijing’s ongoing effort to control AI technologies and their impact on society.

Apple is rolling out card payment options for users in India, allowing purchases for subscriptions and apps after a four-year suspension due to regulatory changes.

UK regulators are racing to keep pace with AI’s rapid integration into financial services, warning of both risks and opportunities for consumers.