SoftBank Group plans to invest as much as €75 billion ($87 billion) to build 5 gigawatts of artificial intelligence data center capacity in France, saying the country is poised to become a top European hub for AI infrastructure. The first phase comprises an initial €45 billion investment to deliver 3.1 gigawatts of AI data center capacity in the Hauts-de-France region by 2031, SoftBank said Saturday in a statement. The commitment, which SoftBank called its biggest AI infrastructure investment in Europe, reflects personal diplomacy between Emmanuel Macron and SoftBank founder Masayoshi Son, who met during the French president's visit to Japan this year. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right. With your current subscription plan you can comment on stories.

How Saudi Arabia's spending spree reached the end of the line Autocratic monarchs once left an echo of their glory in the ruins of the megaprojects they commanded at the peak of their unchallenged power. Those monumental physical traces are to be found in the fertile plains, mountainsides and deserts of the Middle East. But one of their most prominent modern counterparts may only have a digital footprint to leave behind for some of his most ambitious concepts. A decade ago, the Crown Prince of Saudi Arabia Mohammed bin Salman - or MBS as he is widely known - decreed a revisioning of his country that leapt from the realm of science fiction. It was called Vision 2030. Extraordinary monolithic structures were to help bring forth new technological marvels not just for the Kingdom but for the world.

Facilities can be branded as aligned with Scotland's climate goals despite significant emissions, said APRS. Facilities can be branded as aligned with Scotland's climate goals despite significant emissions, said APRS. Scotland's'green datacentres' policy ignores emissions impact of AI, analysis shows A Scottish government policy designed to encourage datacentres to build in Scotland could lead to a massive volume of carbon emissions being ignored, according to an analysis by a Scottish charity. "Green datacentres" are at the heart of Scotland's ambitions to develop economically. Enshrined in national policy, they are part of a larger, UK-wide effort to attract big AI investment to Scotland.

Thailand risks losing ground to regional rivals such as Vietnam and Indonesia, which have moved more aggressively to streamline regulatory regimes and court foreign capital. Thai Prime Minister Anutin Charnvirakul's government plans a sweeping reform of more than 7,000 business regulations, aiming to cut bureaucratic hurdles and accelerate investment as it tries to compete for global capital. The planned rollback of ministerial rules and secondary regulations, many of which have accumulated into a significant burden on companies, marks a concerted push to reposition Thailand as a more competitive destination for multinational firms reconfiguring supply chains. The effort was detailed in a government statement Monday and comes as Thailand risks losing ground to regional rivals such as Vietnam and Indonesia, which have moved more aggressively to streamline regulatory regimes and court foreign capital. "Regulations intended to guide have, in practice, become costs," said government spokeswoman Rachada Dhnadirek.

TDK CEO Noboru Saito says the firm is prepared to add investments to ride the global boom in generative artificial intelligence. Electronics component linchpin TDK is prepared to add to what is already its biggest capital spending campaign ever in a push to ride the global boom in generative artificial intelligence. The company has added ¥100 billion ($640 million) to its multiyear investment plan each year since it rolled it out in 2024, and now CEO Noboru Saito says the effort may accelerate to match an expected surge in orders and demand. "Should promising prospects arise, our commitment is to make timely and opportunistic investments," Saito, 59, said in an interview. "If we don't sow the seeds for medium-to long-term growth now, we won't be able to reap the harvest later." In a time of both misinformation and too much information, quality journalism is more crucial than ever.

US President Donald Trump will meet Chinese President Xi Jinping in Beijing on May 14 and 15, following weeks of delays due to the US-Israel war on Iran. The talks are expected to focus on trade relations and mark the first time a US president has visited China in nearly a decade. In recent decades, the US and China have emerged as the world's dominant superpowers, frequently seen as locked in a contest for who sits atop the world order. A quarter of a century ago, by contrast, the US dwarfed China in most major indicators, but today, Beijing is regarded as the factory of the world and is outpacing its Western counterpart in many regards. Who is the world's top trading power?

When China's leader Xi Jinping hosts his American counterpart in Beijing this week, Donald Trump will be reminded of his last visit in 2017 - he was wooed hard, complete with dinner inside the Forbidden City, an honour no US president before him had received. This week's reception promises to be just as grand, including a stop inside Zhongnanhai, the rarefied compound where China's top leadership lives and works. The agenda too will be just as thorny, with Iran being a new source of tension, alongside trade, technology and Taiwan. But a lot has changed as Trump returns to a stronger and far more assertive China. Now well into an unprecedented third term, an ambitious Xi has been pushing forward with plans for new productive forces with heavy investments in renewable energy, robotics and artificial intelligence.

Now, Activists Are Taking On Elon Musk's SpaceX IPO Activists, a leading labor union, and a big retirement fund are asking challenging questions about what's expected to be the largest-ever stock market debut. Elon Musk's SpaceX is facing protests against its expected initial public offering from some of the same advocacy groups that helped erase $600 billion from Tesla's market cap early last year. SpaceX's IPO is poised to be the largest ever, raising tens of billions of dollars for the Musk-founded company and valuing it above $2 trillion. If all goes as intended come June, the conglomerate that now owns a rocket manufacturer, a social media app, and an AI chatbot developer will instantly rank among the world's top 10 largest publicly-traded companies. On Wednesday, Randi Weingarten, president of the American Federation of Teachers, wrote to the US Securities and Exchange Commission urging it to scrutinize SpaceX's IPO preparations.

This story appears in the June 2026 print edition. While some stories from this issue are not yet available to read online, you can explore more from the magazine . Get our editors' guide to what matters in the world, delivered to your inbox every weekday. The courtship between Silicon Valley and MAGA was consummated on June 6, 2024, in San Francisco's Pacific Heights neighborhood, on a street known as "Billionaires' Row," at the 22,000-square-foot, $45 million French-limestone mansion of a venture capitalist named David Sacks. Along with Chamath Palihapitiya, a fellow venture capitalist and a colleague on the podcast, Sacks hosted a fundraiser for Donald Trump. He knew that other technology titans were coming around to the ex-president but remained in the closet. "And I think that this event is going to break the ice on that," Sacks said on the podcast the week before the fundraiser. "And maybe it'll create a preference cascade, where all of a sudden it becomes acceptable to acknowledge the truth." Check out more from this issue and find your next story to read. A few years earlier, Sacks had described the January 6, 2021, riot at the U.S. Capitol as an "insurrection" and pronounced Trump "disqualified" from ever again holding national office. "What Trump did was absolutely outrageous, and I think it brought him to an ignominious end in American politics," he said on the podcast a few days after the event. "He will pay for it in the history books, if not in a court of law." Palihapitiya was more colloquial, calling Trump "a complete piece-of-shit fucking scumbag." These might seem like tricky positions to climb down from--but the path that leads from scathing denunciation through gradual accommodation to sycophantic embrace of Trump is a well-worn pilgrimage trail. The journey is less wearisome for self-mortifiers who never considered democracy (a word seldom spoken on the podcast) all that important in the first place.

Varun Chandra advises Keir Starmer on trade negotiations including AI investment. Varun Chandra advises Keir Starmer on trade negotiations including AI investment. Exclusive: Varun Chandra's talks with Google, Meta, Apple and others raise fears of'lobbying behind closed doors' An influential government adviser close to Keir Starmer and Rachel Reeves held 16 undisclosed meetings with top US tech executives, the Guardian can reveal. The No 10 business aide Varun Chandra discussed regulatory changes, AI and Donald Trump's second administration with tech corporations during confidential meetings between October 2024 and October 2025. In one meeting he offered to help a top executive meet the prime minister directly.