Archive · 30 Jul 2026
EU AI Gigafactories, Sony PS5 Hike, OpenAI Hardware Launch
The European Union is giving €10 billion to build big AI factories to keep up with the US and China.
Sony, the maker of the PlayStation 5, raised the price of its console in India because parts are hard to get and it costs more to make.
OpenAI, a company that makes smart computer programs, said it is building new hardware and giving free access to researchers.
Google added a new AI helper called ‘Ask Google Pay’ to its payment app.
A big bank, Goldman Sachs, said that using AI in India will help many workers do their jobs better, not replace them.
EU announces €10B plan to fund seven AI gigafactories, aiming to close compute gap with US and China.
Sony raises PS5 Standard Edition price in several markets, including India, citing RAM shortages and rising manufacturing costs.
OpenAI confirms development of dedicated hardware platforms and launches free academic access program for advanced models.
Google Pay introduces Gemini‑powered ‘Ask Google Pay’ assistant and launches Gemini Spark background AI agent nationwide.
Goldman Sachs report predicts generative AI will boost productivity for half of India’s non‑agricultural workforce, with minimal job displacement.
- Who
- European Commission, Sony, OpenAI, Google, Goldman Sachs
- What
- EU AI gigafactory funding, Sony PS5 price hike, OpenAI hardware plans, Google Pay AI assistant, AI productivity report
- When
- July 30, 2026
- Where
- European Union, India, global markets
- Why
- To close compute gap, address component shortages and costs, expand AI hardware, enhance user financial tools, boost productivity
- EU AI Gigafactories Funding
- €10 billion
- Sony PS5 Price Increase in India
- Rs 15,000
- OpenAI Hardware Development
- Confirmed
- Google Pay AI Assistant
- Ask Google Pay
- Goldman Sachs AI Productivity Impact
- Half of India's non‑agricultural workforce