In Seoul on Monday, President Lee Jae-myung unveiled three interlocking AI "mega-projects" led by Samsung and SK Hynix, who together with suppliers will spend roughly $580 billion on new memory-chip plants. Korean media put the full decade-long programme at close to $1.2 trillion, equivalent to more than two-thirds of annual output — a bet that the AI era will be won by whoever controls the hardware.
In its 2026 Annual Economic Report, released at its Basel annual meeting, the BIS warns that the AI boom has become a major, debt-financed driver of US growth whose reversal could hurt the whole economy. It also flags a new fiscal-financial stability nexus around record public debt. For Luxembourg, the world's second-largest fund domicile, the warning lands close to home.
Google told one of its largest cloud customers, Meta, that it could not supply all the Gemini computing capacity it wanted. The episode lays bare a shortage of machines that is now shaping the whole AI race—and Europe's dependence on American clouds.
A young Luxembourg company, Clerk, is pitching an “agentic” AI that works a legal matter end to end — researching case law, reading the file, computing deadlines and drafting documents — rather than answering one question at a time. Founder Tim Kerger has raised €2.8mn at a valuation of about €6.5mn.
Apple lifted prices across its Mac and iPad lines on Thursday — by up to a quarter on some models — pinning the blame on a memory-chip shortage driven by the AI build-out. The iPhone was spared. The move landed a day after Micron reported a 346% jump in revenue.
Nexus Luxembourg, the country's largest technology summit, returns to LuxExpo The Box on 10–11 June 2026 with more than 10,000 visitors, 150 speakers and a four-part programme spanning applied AI, fintech and a start-up contest — as Luxembourg positions itself as a European hub for trusted, sovereign computing.
Ireland has effectively ended the 2021 moratorium on new data-centre grid connections, but under tough rules: new sites must match 100% of their grid draw with dispatchable generation and cover 80% of annual demand from new Irish renewables within six years. Data centres already use 22% of Irish electricity (up from 5% in 2015), heading toward 30% by the early 2030s. A study for Friends of the Earth claims the sector added 360 euros to the average home bill in 2015-2023.
Deelan AI, a Luxembourg startup building an adaptive platform that generates sales-team training from a company's own materials, has closed a seed round led by Expon Capital, reported on 27 May 2026. Founded by ex-Talkwalker executives Panos Meintanis and Michel Conrad, the company says early customers see a 30%-plus cut in onboarding ramp time. The round's size was not disclosed.
Under the 'Digital Omnibus' deal reached on 7 May 2026, the EU agreed to postpone the AI Act's high-risk obligations - to December 2027 for standalone systems and August 2028 for AI built into products - while transparency rules still take effect on 2 August 2026. In Luxembourg, draft law 8476 hands the lead enforcement role to the CNPD.
Luxembourg's GovTech Lab has opened TAID.LU, an innovation partnership to build a deepfake-detection platform for ALIA as EU AI Act transparency duties move toward application in August 2026.
Luxembourg closed the 2026 edition of Elements of AI with around 250 participants at the Digital Learning Hub and says more than 7,600 people have now acquired basic AI knowledge through the programme.
OpenAI and Malta have announced a programme giving eligible Maltese participants one year of ChatGPT Plus after completing an AI literacy course. The move matters for Luxembourg because it turns AI access into a public-policy question, alongside skills, digital inclusion and sovereignty.
Luxembourg companies using AI in HR, finance, customer service or regulated products need to map their systems before the AI Act becomes fully applicable.
A new sovereign supercomputer with more than 2,100 GPU-AI accelerators puts the Grand Duchy on Europe's AI infrastructure map, with half of capacity reserved for national use.