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Hard Numbers: AI-generated bank runs, Europe wants to supercharge innovation, Do you trust AI?, Dell’s big deal, South Korea’s GPU hoard
51.6 billion: Europe will invest $51.6 billion in artificial intelligence, European Commission President Ursula von der Leyen said last week. That’ll add to the $157 billion already committed by Europe’s private sector under the AI Champions Initiative launched at the AI Action Summit in Paris last week. The goal is to “supercharge” innovation across the continent, she said.
32: Just 32% of Americans say they trust artificial intelligence, according to the annual Edelman Trust Barometer published by the public relations firm Edelman on Thursday. By contrast, 72% of people in China said they trust AI. Meanwhile, only 44% of Americans said they are comfortable with businesses using AI.
5 billion: Dell shares rose 4% on Friday after press reports indicated it was closing a $5 billion deal to sell AI servers to Elon Musk’s xAI. Dell stock has soared 39% over the past year on increased demand for AI.
10,000: South Korea said Monday it will buy 10,000 graphics processors for its national computing center. The country is one of the few that are unrestricted from buying these chips from American companies. It’s unclear who South Korea will buy from, but Nvidia dominates the market, followed far behind by AMD and Intel.