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Trump Confirms US Is Seeking 10% Stake In Intel

2 weeks 1 day ago
An anonymous reader quotes a report from Ars Technica: After the Trump administration confirmed a rumor that the US is planning to buy a 10 percent stake in Intel, US Senator Bernie Sanders (I-Vt.) came forward Wednesday to voice support for the highly unusual plan, finding rare common ground with Donald Trump. According to Commerce Secretary Howard Lutnick, the plan would see the US disbursing approved CHIPS Act grants only after acquiring non-voting shares of Intel and likely other chipmakers. That would allow the US to profit off its investment in chipmakers, Lutnick suggested, and Sanders told Reuters that he agreed American taxpayers could benefit from the potential deals. "If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment," Sanders said. While Lutnick gave Trump credit for coming up with what White House Press Secretary Karoline Leavitt described as a "creative idea that has never been done before" to protect US national and economic security, it appears that Lutnick is driving the initiative. "Lutnick has been pushing the equity idea," insiders granted anonymity previously told Reuters, "adding that Trump likes the idea." So far, Intel has engaged in talks, while the Taiwan Semiconductor Manufacturing Company (TSMC) and other major CHIPS grant recipients like Samsung and Micron have yet to comment on the potential arrangement the Trump administration seems likely to pursue. They may possibly risk clawbacks of grants if such deals aren't made. On Wednesday, Taiwan Economy Minister Kuo Jyh-huei said his ministry would be consulting with TSMC soon, while noting that as yet, it's hard to "thoroughly understand the underlying meaning" of Lutnick's public comments. So far, Lutnick has only specified that "any potential arrangement wouldn't provide the government with voting or governance rights in Intel," dispelling fears that the US would use its ownership stake to try to control the world's most important chipmakers. Further reading: Intel is Getting a $2 Billion Investment From SoftBank

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Google tries to trump iPhone launch with AI-powered Pixel 10 range

2 weeks 1 day ago
At 3% US market share, we don't think Cook & Co are sweating

Video  In a celebrity-studded launch event on Wednesday, Google showed off its Pixel 10 hardware, including four smartphones, an updated smartwatch, and earbuds. Unsurprisingly, every gadget comes with a heavy dose of AI.…

Iain Thomson

Gemini For Home Is Google's Biggest Smart Home Play In Years

2 weeks 1 day ago
Google announced Gemini for Home, a new AI-powered voice assistant that will replace Google Assistant on Nest smart speakers and displays starting in October. Powered by Gemini's advanced reasoning and conversational capabilities, it promises more natural interactions, complex task handling, and features like Gemini Live for back-and-forth conversations. The Verge reports: According to a blog post by Anish Kattukaran, chief product officer of Google Home and Nest, using Gemini for Home will "feel fundamentally new." He says the new voice assistant leverages the "advanced reasoning, inference and search capabilities" of Google's AI models, along with adaptations for the home that allow for more natural interactions to complete more complex tasks. In short, it should be an assistant that can better understand context, nuance, and intention -- a complete change from its predecessor. For example, Kattukaran says Gemini for Home can accurately respond to requests like "turn off the lights everywhere except my bedroom," "play that song from this year's summer blockbuster about race cars," or "set a timer for perfectly blanched broccoli." It will also create lists, calendar entries, and reminders more easily than before, he says. Another big upgrade is that Gemini Live will be part of Gemini for Home, bringing more conversational back-and-forth voice interactions to Google Home without needing to repeatedly say "Hey Google." Kattukaran says this will allow for more detailed and personalized help -- from cooking ("I have spinach, eggs, cream cheese, and smoked salmon in the fridge. Help me make a delicious meal") to brainstorming how to buy a new car or figuring out how to fix your dishwasher, as well as more creative tasks like generating bedtime stories. [...] Google hasn't announced pricing for the paid tier of Gemini for Home, but Gemini Live, with its more advanced capabilities, is a likely candidate for a premium plan.

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