The post ECB gives eurozone banks until October to draft AI cyber defenses appeared on BitcoinEthereumNews.com.
Big-time lenders in the eurozone have until October 31 to present an action plan to the European Central Bank (ECB), according to an order from the regulator to ensure that the region’s biggest lenders all score passing grades on their preparedness to defend against AI-driven cyberattacks. The warning from the apex bank on the Old Continent arrives as the newest AI models have routinely gotten better at finding and exploiting software flaws faster than anyone can patch them, as noted in earlier Cryptopolitan reports. Which European banks need to come up with AI action plans? The ECB instruction that became public on July 7 was sent as letters to bank chief executives. However, the missive matters to every stakeholder, including anyone who moves money through the European financial system. Claudia Buch, who sits at the head of the ECB’s supervisory board, told CEOs to spell
The post AI trade loses steam as Samsung earnings fail to lift chip stocks amid open source AI shift appeared on BitcoinEthereumNews.com.
The AI trade, which incorporates semiconductors and memory stocks, is showing signs of fatigue as investors reassess whether the extraordinary spending boom on chips and data centers can be sustained. Semiconductor and memory stocks such as Micron Technology (MU) and Sandisk (SNDK) came under heavy pressure on Tuesday, after Samsung Electronics (005930) reported record second-quarter earnings but missed revenue estimates. Shares still fell nearly 7%, extending a broader selloff across AI-linked chipmakers. Concerns are growing that hyperscalers could slow AI infrastructure spending. Meanwhile, rival SK Hynix is down 25% from its all-time high ahead of its U.S. listing this week, a deal that is also drawing investor capital away from existing chip stocks.The weakness comes after a spectacular rally in AI infrastructure stocks this year, with Sandisk u
Max single-threaded CPUs at scale are a new category of CPUs built for the agentic AI era. Across the creation and deployment of an agentic system, the CPU is on the critical path for reasoning, response time and learning. CPUs are the processor which executes the work the AI model commands: the tool calling, code […]
Micron's stock volatility highlights the cyclical nature of the memory market, raising concerns about sustainability amid AI-driven demand.
The post Micron stock falls as investors speculate on memory market peak appeared first on Crypto Briefing.
The EU's plan highlights the need for digital sovereignty but lacks enforceable measures, risking increased reliance on US tech solutions.
The post EU unveils AI cybersecurity action plan amid deepening US tech reliance appeared first on Crypto Briefing.
Galaxy delivered 133 MW of critical IT load to CoreWeave under a 15-year lease. Helios shifted from Bitcoin mining into a revenue-generating AI data center campus. Phase II adds 260 MW as Galaxy targets over $1B in annual revenue from Helios. Galaxy has completed the first phase of power delivery at its Helios data center […]
The post Galaxy Delivers 133 MW to CoreWeave as Bitcoin Mine Becomes AI Hub appeared first on Live Bitcoin News.
The post Polish Zloty: Dovish NBP tone risks downside – ING appeared on BitcoinEthereumNews.com.
ING economists Rafal Benecki and Adam Antoniak argue that reduced prospects of further tightening by the European Central Bank (ECB) and Federal Reserve (Fed) should ease external pressure on the Zloty. However, they warn that market concerns over a potentially more dovish National Bank of Poland (NBP) are PLN-negative, and with Euro adoption distant, any softening in NBP rhetoric could pose greater downside risks compared with the Forint’s convergence support. PLN vulnerable to softer NBP tone “As the likelihood of further rate hikes from the European Central Bank has diminished and additional monetary tightening by the Federal Reserve this year appears increasingly doubtful, the external negative pressure on the zloty should diminish.” “Still, the FX market appears worried that the NBP may turn more dovish soon, which is PLN negative.” “By contrast, the National Bank of Hungary’s dovish r
Google has updated its Search services privacy settings to allow the company to store and use uploaded media, including images, audio recordings, and video, to train its AI models, a change that was communicated to users via a low-profile email in June and applied by default. The update introduced two new settings, Search Services History […]
AI investments may lead to a market correction if non-tech sectors fail to see profit growth, echoing past tech bubble concerns.
The post Apollo’s Torsten Slok warns AI spending isn’t boosting profits outside Big Tech, raising repricing risk appeared first on Crypto Briefing.
