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Macron: I think we need global regulation on A.I.

PARIS — France’s top politicians told CNBC they see the beginnings of global regulation on artificial intelligence coming by the end of this year, with French President Emmanuel Macron saying the country wants to work with the U.S. on rules around the fast-growing technology.

The comments come as interest in AI, sparked by the rapid growth of chatbot ChatGPT, continues to rise and governments around the world debate how the technology should be regulated.

But there is no global consensus on how AI should be managed and controlled with the U.S., China and European Union taking different approaches to rules around the tech. Any global regulatory framework would be a huge feat.

France has looked to position itself as the European hub for AI development even as the European Union, of which France is a member, pushes forward with first-of-its kind regulation.

Macron, Finance Minister Bruno Le Maire and Digital Minister Jean-Noel Barrot, all spoke to CNBC on Wednesday at the VivaTech conference in Paris, expressing a desire for global regulation on AI.

“From my point of view … I think we do need a regulation and all the players, even the U.S. players, agree with that. I think we need a global regulation,” Macron told CNBC’s Karen Tso on the sidelines of the event.

Barrot said that by the end of the year, “some of the core principles that we would like for the regulation of AI in G7 countries and like minded countries will start to emerge.”

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The G7 includes countries such as France, Germany the U.S. and U.K. The countries agreed this year to set up a working group to look at issues that may arise from AI.

Macron said the G7 and the Organisation for Economic Co-operation and Development (OECD), which includes 38 countries, would be a “good platform” to develop global regulation.

Why now?

French concerns over EU A.I. law

France’s call for global AI regulation comes as the European Union closes in on passing an unprecedented law called the EU AI Act. The European Parliament on Wednesday approved the bloc’s landmark law, which looks to take a risk-based approach to regulating AI.

The latest amendments to the law include a tougher stance on so-called generative AI, the type of technology that underpins OpenAI’s ChatGPT, which allows systems to create images or respond in text to prompts. The regulation states generative AI developers will be required to submit their systems for review before releasing them commercially.

The law still needs approval from other EU bodies.

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France, which has traditionally taken a pro-regulatory stance, has expressed concern that the EU law around AI has gone to far.

“My worry is that in the recent past few weeks, the EU Parliament … has taken a very sort of strong stance on AI regulation, using in some sense this AI act as a way to try and solve too many problems at once,” Barrot said on the provisions around generative AI.

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What do the French want in terms of regulation?

France’s top politicians who spoke to CNBC discussed their focus for AI regulation.

“We want to be sure that this is safe, unbiased … that the language models we have are not biased and that what is … forbidden in society is forbidden in this model. So we need some rules,” Macron said.

AI like ChatGPT is trained on huge amounts of data called large language models that allow it to understand human language and respond. But there are concerns that the data it is trained on could cause that system to inherit biases.

Macron also said that if you are watching a video or looking at a photo that has been created by AI, a user has a right to know.

Ultimately, French politicians are weighing up regulation that balances the need for protecting users of the technology without stifling innovation.

“What we want is a regulation that offers both protection for users … and that establishes trust, but that is also very flexible enough to allow for the development in the next few weeks, next few months in France and Europe,” Barrot said.

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Alibaba shares rise over 6% after CEO unveils plans to boost AI spending

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Alibaba shares rise over 6% after CEO unveils plans to boost AI spending

Alibaba‘s Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates. 

Shares of the company jumped over 6%, while its total gains year to date rose above 107%. 

The tech giant plans to increase spending on AI models and infrastructure development, on top of the 380 billion yuan ($53 billion) over three years it announced in February, Chief Executive Officer Eddie Wu said Wednesday at Alibaba Cloud’s annual flagship technology conference.

“We are vigorously advancing a three-year, 380 billion [yuan] AI infrastructure initiative with plans to sustain and further increase our investment according to our strategic vision in anticipation of the [artificial superintelligence] era,” Wu said. 

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Alibaba shares surge after CEO unveils plans to boost AI spending

So-called ‘artificial superintelligence’ refers to AI that would hypothetically surpass the power and intelligence of the human brain, with the hypothetical benchmark becoming a growing focus of major AI companies. 

Alibaba also officially unveiled the latest version of its Qwen large language models — the Qwen3-Max — on Wednesday, along with a series of other updates to its suite of AI product offerings. 

Wu highlighted that Alibaba Cloud is strategically positioned as a “full-stack AI service provider,” delivering the computing power required for training and deploying large AI models on the cloud through its own data centers.

“The cumulative investment in global AI in the next five years will exceed $4 trillion, and this is the largest investment in computing power and research and development in history,” he added.

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Tether reportedly seeks lofty $500 billion valuation in capital raise

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Tether reportedly seeks lofty 0 billion valuation in capital raise

Venezuelan Bolivar and U.S. Dollar banknotes and representations of cryptocurrency Tether are seen in this illustration taken Sept. 8, 2025.

Dado Ruvic | Array

Tether, the issuer of the largest stablecoin, is planning to raise as much as $20 billion in a deal that could put the crypto company’s value on par with OpenAI, according to a report from Bloomberg News.

The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, the report said, citing two individuals familiar with the matter. The transaction would involve new equity rather than existing investors selling their stakes, the people told the news service.

The report said that one person close to the matter warned that the talks are in an early stage, which means that the eventual details, including the size of the offering, could change.

However, the deal could ultimately value Tether at around $500 billion, according to the report. That would mean the crypto giant’s valuation would rival some of the world’s biggest private companies, including SpaceX and OpenAI. OpenAI’s fundraising round earlier this year valued the tech company at $300 billion.

Tether, which was once accused of being a criminal’s “go-to cryptocurrency,” has been furthering its plans to return to the U.S. in recent months, given President Donald Trump’s pro-crypto stance. The company earlier this month named a CEO for its U.S. business and launched a new token for businesses and institutions in the U.S. called USAT, which will be regulated in the U.S. under the GENIUS Act.

Stablecoin USD Tether (USDT) is pegged to the U.S. dollar with a market cap that recently surpassed $172 billion. In second place is Tether rival Circle’s USDC stablecoin, which is worth about $74 billion.

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Micron beats on earnings as company sales rise 46% on AI boom

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Micron beats on earnings as company sales rise 46% on AI boom

A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025.

Justin Sullivan | Getty Images

Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.

The stock rose in extended trading.

Here’s how the company did in comparison with the LSEG consensus:

  • Earnings per share: $3.03, adjusted, vs. $2.86 expected
  • Revenue: $11.32 billion vs. $11.22 billion expected

Micron said revenue in the current period, its fiscal first quarter, will be about $12.5 billion, versus the $11.94 billion average analyst estimate per LSEG.

The company said it had $3.2 billion, or $2.83 per share in net income, versus $887 million, or 79 cents in the year-ago period.

Micron shares have nearly doubled so far in 2025. The company makes memory and storage, which are important components for computers. Micron has been one of the winners of the artificial intelligence boom. That’s because high-end AI chips like those made by Nvidia require increasing amounts of high-tech memory called high-bandwidth memory, which Micron makes.

“As the only U.S.-based memory manufacturer, Micron is uniquely positioned to capitalize on the AI opportunity ahead,” Micron CEO Sanjay Mehrotra said in a statement.

Overall company revenue rose 46% on a year-over-year basis during the quarter.

Micron’s largest unit, which sells memory for cloud providers, reported $4.54 billion in sales during the quarter, more than tripling on a year-over-year basis.

However, the company’s core data center business unit saw sales decline 22% on an annual basis to $1.57 billion in revenue.

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