Anthropic launches third Claude 5.5 model, expanding AI lineup before planned IPO

Haiku 5.5 is built for tasks such as classification, summarization and extraction, including live support, voice agents and in-app assistants. It costs 75% less than its predecessor, Haiku 4.5.

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Finnish town braces for change from Google data centres

In the northern Finnish town of Muhos, 36-year-old farmer Joni Pitkanen is preparing for life with a new neighbour -- just kilometers away, tech giant Google is planning to build new data centres. The planned data centres are part of an announced 13-billion-euro ($15-billion) investment in Finland over the next two years -- the US tech giant's single biggest investment in Europe.

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Apple's Tim Cook praises EU over efforts to protect children online

Apple executive chairman Tim Cook on Tuesday pledged the US giant would protect children online and praised the EU's efforts to ensure minors' safety after a visit to the European Parliament in Strasbourg. The Apple chairman met European Parliament President Roberta Metsola earlier on Tuesday as well as EU lawmakers focused on children's safety.

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AM Intelligence plans $20 billion additional investment in 15 months, orders 20k more Nvidia GPUs

The company announced that it has placed two further firm and binding orders for 20,000 NVIDIA Rubin GPUs for deployment of the systems across India and Malaysia, taking its total capacity to 100 Megawatt.

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OpenAI's Sam Altman says AI benefits warrant accepting some risks

OpenAI Chief Executive Sam Altman said the benefits of artificial intelligence justify accepting some risks and argued the technology should remain broadly accessible to the public "

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Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake

Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.

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Nykaa expects net revenue growth in late twenties in Q2

Nykaa said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net revenue in the early forties. Nykaa said more than 250 brands were added during the quarter and that its partnership with Nike continued to see "encouraging early traction," supported by exclusive drops.

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