Germany
German Antitrust Chief Warns: AI Could Bolster Corporate Dominance
October 10, 2023 – Andreas Mundt, the head of Germany’s antitrust office, has issued a warning that artificial intelligence (AI) could further reinforce the market dominance of large tech companies, and regulatory authorities should closely monitor any anti-competitive behavior. Mundt’s remarks underscore the general concern among regulatory agencies that tech giants with vast user data…
Intel Secures €10 Billion Subsidy from German Government for Semiconductor Plant in Magdeburg
June 19, 2023 – In a significant development, Intel has reached an agreement with the German government, as reported by Bloomberg, to receive a subsidy of €10 billion (approximately ¥78 billion or $9.13 billion) for the construction of a semiconductor manufacturing plant in Magdeburg, eastern Germany. According to anonymous insiders, German Chancellor Olaf Scholz and…
Job Boost in Germany: Northvolt’s New Factory to Create Thousands of Employment Opportunities
May 15, 2023 – In a significant development, Swedish green battery manufacturer Northvolt has announced plans to establish a state-of-the-art battery factory in the city of Heide, located in the Schleswig-Holstein region of northern Germany, as reported by Reuters. This venture aims to revolutionize the energy storage industry and meet the increasing demand for sustainable…