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Stock impact report

Google to open German centre for 'AI development' [Yahoo! Finance]

DEUTSCHE TELEKOM AG S/ADR (DTEGY) 
NASDAQ:AMEX Investor Relations: telekom.com/en/investor-relations
Company Research Source: Yahoo! Finance
Google will open an AI centre in Berlin on Thursday, the latest sign of Europe's deepening reliance on US firms in cutting edge technologies despite the continent's stated aim to catch up with its rivals. Germany's ministry for digital affairs told AFP the centre will bring together cloud computing and data infrastructure, "AI development" operations as well as a space for cooperation between start-ups and research centres. Europe is struggling to gain ground in the battle for AI dominance with the United States and China, which are pumping vast sums into the field and producing the most advanced models underpinning the technology. The Google project is part of a 5.5 billion euro ($6.4 billion) investment drive into Europe's top economy announced by the US tech titan in November, planned to include a new data centre. The firm said at the time it would renovate its Berlin office to add three floors equipped with meeting rooms, a new conference room and a demo space but made no Show less Read more
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