EU NAMES VON DER LEYEN AIDE TO COMPETITION CHIEF
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
The European Commission has appointed Anthony Whelan, a former aide to President Ursula von der Leyen, to lead its competition policy division. The move comes as the EU intensifies regulatory battles with the US over Big Tech oversight.
■ MORE FROM THE BIG TECH DESK
Major technology companies are borrowing heavily to fund artificial intelligence infrastructure, potentially exceeding the capacity of investment-grade bond markets, according to Barclays analysis.
Bank of America has reversed course on OpenAI, providing a $520 million credit facility to the artificial intelligence company after previously declining similar requests.
Bank of America reversed course to extend a $520 million credit line to OpenAI, signaling renewed confidence in the AI company as it prepares to launch its most advanced model.
Google is expanding Gemini's reach across smart home devices by making it easier for manufacturers to build Gemini-powered products. The company also rolled out AI-powered camera automations that let Gemini trigger routines based on what your home security cameras detect.