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Here's the latest tech news from the last 24 hours:

🔬 Samsung to begin 2nm chip production in 2025
🚫 Google halts development of own augmented reality glasses
📉 Nvidia and AMD affected by US restrictions on AI chip exports
🌐 OpenAI is expanding its footprint with new UK office
📜 EU countries unite for new ‘data bill’ to limit Big Tech

🔬 Samsung to begin 2nm chip production in 2025LINK

Samsung will start mass production of 2nm chips for mobile applications in 2025, with plans to offer 2nm chip production for high-performance computing and automotive chips in 2026 and 2027 respectively.

The 2nm process demonstrates a 12% and 25% increase in performance and power efficiency respectively, compared to Samsung's 3nm process, with the company also preparing to begin mass production of 1.4nm process chips in 2027.

In addition to developing smaller-scale chips, Samsung aims to expand its clean room capacity by 7.3 times by 2027 to accommodate more orders, while forming the Multi-Die Integration Alliance to apply new chip packaging technologies.

🚫 Google halts development of own augmented reality glassesLINK

Google has cancelled its internal "Iris" project, initially set up to develop augmented reality glasses, following layoffs, company reshuffles, and the departure of Clay Bavor, former head of AR and VR at the company.

The Iris AR glasses were reportedly designed to resemble ordinary glasses and a prototype resembled "Focals" by North, a startup acquired by Google; the tech giant had also demoed a version featuring real-time AR translation.

Despite stopping work on its own AR hardware, Google is reported to be focusing on creating an "Android for AR", with current efforts including Android XR for Samsung's "extended reality" wearables and a new platform known as "micro XR" for glasses.

📉 Nvidia and AMD affected by US restrictions on AI chip exportsLINK

Nvidia's shares have dropped by more than 2% following reports that the United States is considering tightening export controls on AI chips to China, impacting Nvidia's and AMD's ability to sell their top hardware in the country.

The proposed update to October's export controls would require companies to obtain a license to export AI chips, including Nvidia's A800 and H800, to certain countries, potentially impacting the leasing of cloud services to Chinese AI companies as well.

Nvidia has managed to grow its AI business in China despite current restrictions, predicting an 80% YoY rise in revenue to $11 billion next quarter due to its AI-focused products, but stricter export controls could severely hinder this growth.

🌐 OpenAI is expanding its footprint with new UK officeLINK

OpenAI, backed by Microsoft, announced plans to open its first international office in London, aimed at enhancing research and engineering capabilities while collaborating with local communities and policymakers.

London is a strategic choice as it is home to Google's largest AI research division, DeepMind, and has a rich academic history, making it a hub of data science talent and a growing center for AI startup ventures.

CEO Sam Altman recently spoke at University College London, where he called for balanced regulation of AI and hinted that OpenAI would cease operating in the EU if it couldn't comply with the bloc's AI Act regulations.

📜 EU countries unite for new ‘data bill’ to limit Big TechLINK

European Union countries have agreed on the Data Act, a set of rules regulating the use of European consumer and corporate data by Big Tech and other companies, designed to protect data generated by smart devices and curb the power of US tech giants.

The Data Act provides individuals and businesses more control over data generated through smart objects and devices, facilitates switching between data processing service providers, and introduces safeguards against unlawful data transfer.

The legislation also allows public sector bodies access to private company-held data during public emergencies such as floods or wildfires.

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Elon Musk has accepted an offer from UFC champion George St-Pierre to train for a potential fight against Mark Zuckerberg.LINK

Google is cutting jobs at Waze as it integrates the app's advertising system with Google Ads, without disclosing the number of layoffs. LINK

TikTok is reportedly launching an online retail store in the U.S. next month, featuring its own line of products, challenging major e-commerce platforms.LINK

Google denies accusations of misleading advertisers and violating its own guidelines on ad viewership and placement on third-party websites and apps.LINK

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