S Krishnan: India Urges US to Prevent Abrupt Cutoffs in AI Technology Access, ETTelecom

• Europe currently faces a massive AI infrastructure deficit, hosting only 5% of global compute capacity compared to nearly 75% in the United States. • McKinsey projects that European data center demand will triple from 10 GW of IT load in 2024 to 35 GW by 2030, driven primarily by AI requirements.

• Meta's prediction market app, Arena, is implementing its Llama AI model to determine the outcomes of world events and decide what is true. • This approach differs from competitors like Kalshi and Polymarket, which rely on human dispute windows and oracle networks to verify results.

• Google is experiencing a significant brain drain as key AI researchers, including Jonas Adler and Alexander Pritzel, leave the company. • These departures follow the high-profile exits of star researchers John Jumper and Noam Shazeer, who have transitioned to competitors like Anthropic and OpenAI.

• European agentic and generative AI startups have raised a total of €20bn since 2024, with €8bn of that funding occurring in 2026 alone. • In a June 25, 2026 interview, industry leaders including Dr Ling Ge of Tencent and founders from Fyxer and Prior Labs discussed a strategic shift toward business durability over rapid growth.

• Italy signed the Joint Statement on AI Opportunity during the Pax Silica Summit held in Washington, D.C. • The agreement focuses on strengthening bilateral cooperation between Italy and the United States regarding artificial intelligence, trusted technologies, and resilient supply chains.

• European stocks closed higher on Thursday, June 19, 2026, driven by strong performance in the technology sector and easing geopolitical tensions. • Investor confidence in AI was renewed following a positive earnings report from U.S. tech giant Micron, which beat expectations and raised its revenue forecast.

• Spain's Council of Ministers has approved a €300 million voluntary contribution to the European High Performance Computing Joint Undertaking (EuroHPC). • This funding is designed to support the development of AI factories and the establishment of AI gigafactories within the region.

• Cyberrey warns that AI is accelerating the "cyber kill chain," enabling attackers to execute malicious actions faster than traditional defenses can react. • To counter this threat, companies are urged to shift from reactive security models toward proactive resilience and automated incident response.

• Cyprus participated in the "London Tech Week" technology and innovation exhibition from June 8 to 10, 2026, featuring a dedicated pavilion. • The initiative was a collaboration between the Ministry of Energy, Commerce, and Industry, the Cyprus Trade Center in London, and Invest Cyprus.

• GlobalFoundries is expanding its Singapore operations to serve as a primary hub for "physical AI" hardware, focusing on robotics, autonomous systems, and AI-driven infrastructure. • The chipmaker is increasing its investment in manufacturing capacity and developing next-generation semiconductor technologies to support these emerging fields.

• The Physical AI market is projected to experience massive growth, potentially expanding 16X by 2035 as artificial intelligence shifts from digital software to physical applications. • This transition involves integrating AI into hardware, driving a "trillion-dollar revolution" through advancements in robotics, autonomous systems, and smart infrastructure.