
John Whelan: Every penny of available Apple cash needed to back Irish AI development
After unveiling a so-called AI Action Plan, he went on to declare that America is the country that started the AI race, and 'is going to win it'. In stark contrast, Premier Li Qiang headlined his AI Summit opening night by announcing that China will organize the launch of an international body to jointly develop the technology, with the goal of preventing it from becoming 'an exclusive game for a small number of countries and enterprises'.
Fianna Fáil TD for Kildare North, Naoise Ó Cearúil, last month introduced the National Artificial Intelligence Bill 2026, which will establish a state body to oversee, enforce, and support the ethical, transparent, and innovative use of artificial intelligence in Ireland.
Speaking at Leinster House, Deputy Ó Cearúil stated: 'This is the first time in our history that Ireland has a real chance to lead during a global technological revolution. While countries like the US, UK, and China are investing billions into AI, Ireland must act quickly to secure its own advantage. Not just as adopters, but as global contributors and leaders."
The Bill dovetails much more with the China Summit theme 'Global solidarity in the AI era' than with Mr Trump's AI action plan to dominate and control the AI global growth.
Beijing, by comparison, likes to say their approach democratises access to AI by offering the world the ability to freely build atop its tools, and it gives local developers an edge.
The Chinese approach is much more likely to suit Ireland's entrepreneurs as they try to develop their own range of AI products for the market, obviously to markets outside the US.
Trump's AI Action Plan begins, correctly, with the observation, 'Whoever has the largest AI ecosystem will set global AI standards and reap broad economic and military benefits.' The Plan has three core components: (1) addressing regulatory barriers, (2) building AI infrastructure, and (3) leading in AI diplomacy and security.
Tracing through the US Action Plan is the core issue of deregulation, which sits well with the mantra of the Big Tech US firms Meta, Alphabet, Microsoft, and Amazon, who are currently dominating the international market for AI products. Altogether, the four companies are expected to spend more than $344bn (€296bn) for the year, with much of it going to the data centres necessary to run AI models.
North American tech companies led the global AI market in 2024, capturing over 37% of the total market share. But the Asia Pacific AI market is projected to grow at the fastest growth of 20% between 2025 and 2034.
The conundrum facing Ireland and its attempts to help entrepreneurs to maximise their position in the global marketplace, is the recognition that they cannot wean themselves entirely from the US but they need to focus on strategic growth areas in Europe and Asia where they can build a comparative advantage. The all-or-nothing sales pitch from Mr Trump will make it hard to find this balance and heighten concerns about our dependence on U.S. technology.
And there are other issues facing Irish AI entrepreneurs, particularly costs of data to train their AI models and the associated data centres. Big Tech in owning data centres clearly have an advantage, particularly as they are funding these out of current revenue cash flow.
But there are other costs, which put Irish AI companies at a disadvantage. Electricity costs are the second highest in Europe, adding high energy prices on to the required large scale computing costs.
Finally, AI is trained on data, and public data resources, such as media archives and healthcare data, are incredibly valuable assets that are crucial to building a resilient, sovereign AI ecosystem. Ireland can further AI innovation by identifying and responsibly making available to AI entrepreneurs key public data resources, while preserving privacy.
Every penny of the €2bn Apple money available from the EU sanctions will be needed if Ireland's entrepreneurs are to produce AI products capable of competing in international markets, with the Big Tech behemoths.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Irish Sun
8 minutes ago
- The Irish Sun
Putin is ‘ready' to meet Zelensky, says Kremlin as Trump's deadline for Ukraine peace deal is looming in just DAYS
WAR TALKS Putin is 'ready' to meet Zelensky, says Kremlin as Trump's deadline for Ukraine peace deal is looming in just DAYS VLADIMIR Putin is ready to meet Volodymyr Zelensky, the Kremlin has announced. Kremlin spokesman Dmitry Peskov said his boss may meet the Ukrainian leader "after preparatory work is done at the expert level". 1 Vladimir Putin may meet Zelensky Credit: AFP It comes as Donald Trump's deadline for a Ukraine peace is set to hit in just days after the MAGA prez cut the 50-day waiting period to just "10-12 days". This means the Russians just have till August 8 to strike a peace deal with Ukraine or else face criplling "secondary tariffs". Trump has previously threatened that new measures could mean sanctions, which would further stifle Russia. It comes as Trump confirmed his special envoy Steve Witkoff will visit Russia in the coming week. The Republican leader said Witkoff would visit "I think next week, Wednesday or Thursday." Russian President Vladimir Putin has already met Witkoff multiple times in Moscow before Trump's efforts to mend ties with the Kremlin came to a grinding halt. More to follow... For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos. Like us on Facebook at TheSunUS and follow us on X at @TheUSSun


Irish Examiner
37 minutes ago
- Irish Examiner
European shares climb but Swiss stocks slump amid tariff fears
European shares edged higher on Monday, recovering some ground after three straight sessions of declines, while Swiss stocks slumped to their lowest in more than three months as investors digested a hefty 39% US tariff rate on Switzerland. Switzerland's benchmark SMI index fell 0.8% as trading resumed after a long weekend, with the top 10 decliners on the STOXX 600 being Swiss stocks. The pan-European STOXX 600 index rose 0.5% after logging its biggest daily drop in more than three months on Friday. Manufacturers in Switzerland, which counts the US as the top export market for its pharmaceuticals, watches, machinery and chocolates, warned on Friday that tens of thousands of jobs were at risk after being hit with the heavy rate. The Swiss levy is much steeper than the baseline tariff of 15% faced by European Union, Japan and South Korea. Swiss pharma stocks Novartis and Roche slipped 0.6% and 1.4%, respectively, after US president Donald Trump sent letters to the leaders of 17 major pharmaceutical companies directing them to slash US prescription drug prices. Swiss luxury companies Richemont and Swatch, among the most exposed to tariffs, fell almost 1% each with Swatch chief executive Nick Hayek calling on US president Karin Keller-Sutter to meet Mr Trump in Washington to negotiate a better deal. "There was always this hope that 39% (tariff) is not going to stay, but it's so difficult to tell. This is not the kind of diplomacy or the administration that we are used to," said Ipek Ozkardeskaya, senior market analyst at Swissquote bank. "Each time Trump is not happy about something he's just slapping tariffs so we're really going through extremely unusual times." Meanwhile, banks were a bright spot on the day with shares in lenders surging after the UK's Supreme Court overturned a ruling on motor finance commissions, easing fears among banks about a redress scheme some analysts had warned could run into the tens of billions of pounds. Bank of Ireland gained more than 2%, as did Barclays and Santander. Lloyds added 7.4% to the top of the STOXX 600 index, while Close Brothers surged 20% to the top of UK's midcap index. Among individual stocks, UBS slipped 1.4% after the bank said it would pay $300m to resolve US mortgage securities cases related to misselling of mortage-linked investments. Weaker-than-expected US jobs data for July and fresh tariffs on dozens of trading partners deepened concerns over the health of the US economy, roiling Wall Street and European stocks on Friday.


The Irish Sun
37 minutes ago
- The Irish Sun
Russia and China begin massive war games in Sea of Japan after Trump sends two nuclear submarines to face down Putin
RUSSIA and China kicked off chilling war games in the Sea of Japan in a show of force just a day after Donald Trump's blistering nuclear warning. The US commander-in-chief ordered that two nuclear submarines be positioned near Russia before warning America is "totally prepared" for a nuclear war. 9 Russian warships, including Alexander Obukhov destroyer during a navy drill 9 Arrival of Chinese military vessels in Vladivostok, Russia on July 31, 2025 Credit: Reuters 9 The two sides will hold a number of naval operations involving submarines Credit: East2West 9 A fleet of ships sails out at sea in a previous China and Russia's naval joint drill Credit: Reuters The extraordinary escalation by Trump followed a slew of "inflammatory" threats against America from Kremlin comrade Dmitry Medvedev. And just one day after, China and Russia began joint naval drills on Sunday as they seek to reinforce their partnership and counterbalance what they see as a US-led global order. Dubbed "Joint Sea-2025", the exercises - although pre-planned - kicked off on Sunday in waters near the Russian port of Vladivostok and would last for three days. The two sides will hold a number of naval operations, including "submarine rescue, joint anti-submarine, air defence and anti-missile operations, and maritime combat", China's defence ministry said. read more in Geopolitics DON'S WARNING Trump says US 'totally prepared' for attacks after moving subs towards Russia Four Chinese vessels, including guided-missile destroyers Shaoxing and Urumqi, are participating in the exercises alongside Russian warships. And after the drills, the two countries will conduct naval patrols in "relevant waters of the Pacific", the ministry said. It added that the war games were aimed at "further deepening the comprehensive strategic partnership" of the two countries. China and Russia have carried out annual drills for several years, with the "Joint Sea" exercises beginning in 2012. Last year's drills were held along China's southern coast. Footage showed Russian warships firing during joint anti-submarine exercises with the Chinese Navy. Donald Trump orders nuclear submarines to be moved near Russia as he blasts 'foolish' nuke threat from Putin crony Alongside economic and political ties, Moscow and Beijing have strengthened their military cooperation in recent years. And their relations have deepened since Russia invaded Ukraine in February 2022. China has never denounced Russia's more than three-year war nor called for it to withdraw its troops. Although it insists it is a neutral party regularly calling for an end to the fighting while also accusing Western countries of prolonging the conflict by arming Ukraine. Many of Ukraine's allies, including the US, believe that Beijing has provided support to Moscow. 9 Russian President Vladimir Putin shaking hands with China's Xi Jinping at Kremlin Credit: Reuters WAR OF WORDS The nuclear sabre-rattling by Trump comes after Dmitry Medvedev, the deputy chairman of Russia's security council, made an ominous threat and warned that the US is taking drastic steps towards war with Moscow. Trump slammed Medvedev's words as "foolish and inflammatory" before ordering the placement of nuclear submarines near Russian territory. He said: "Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council of the Russian Federation, I have ordered two Nuclear Submarines to be positioned in the appropriate regions. Medvedev, who was the former Russian president from 2008 to 2012, seemed to threaten America with nuclear annihilation in the tit-for-tat row with Trump. 9 Don slammed former Russian president Dmitry Medvedev's comments as 'highly provocative' Credit: The Mega Agency 9 Russia's Security Council's Deputy Chairman Dmitry Medvedev seemed to threaten America with nuclear annihilation in the tit-for-tat row with Trump Credit: He said: "If some words of the former Russian president [Medvedev] cause such a nervous reaction in the entire, formidable US president, then Russia is right in everything and will continue to go its own way. "Let him remember his favorite films about the "walking dead", as well as how dangerous a "dead hand" that does not exist in nature can be." Medvedev may have referred to Moscow's "Dead Hand" nuclear weapons system, which is designed to launch a doomsday retaliation attack with full nuclear force - even if the Kremlin leadership is wiped out. He also warned that Russia "isn't Israel or even Iran." Trump v Medvedev July 2025: Donald Trump announced a 50-day deadline for Russia to move toward ending the war in Ukraine or face "severe" tariffs. Dmitry Medvedev, the Deputy Chairman of Russia's Security Council, dismissed this as a "theatrical ultimatum" that Russia "didn't care" about. Late July 2025: President Trump reduced his deadline for Russia to secure a peace deal to just "10 or 12 days," threatening sanctions and secondary tariffs on countries that do business with Russia. In response, Medvedev wrote on X that Trump was "playing the ultimatum game" and warned that each new ultimatum was a step toward war, not between Russia and Ukraine, but with the United States. July 30, 2025 In a post on his Truth Social platform, Trump publicly targeted Medvedev, calling him a "failed former President of Russia" who was "entering very dangerous territory" with his remarks. This statement came as Trump also announced a 25% tariff on India, criticizing its "dead economy" and continued defense and energy ties with Moscow. July 31, 2025" Medvedev retaliated on social media by referencing the "Dead Hand," a Cold War-era Soviet nuclear retaliation system, in a veiled threat to the US. He also stated that Trump's "jittery reaction" proved Russia was "completely in the right" and would continue on its own path. August 1, 2025 In a further escalation, President Trump announced he had ordered two nuclear submarines to be positioned near Russia in response to Medvedev's "foolish and inflammatory statements." This move highlights the dangerous rhetorical turn the conflict has taken, now including nuclear threats from both sides. "Each new ultimatum is a threat and a step towards war," the former Russian president wrote in an X post. The MAGA prez hit back saying: "Just in case these foolish and inflammatory statements are more than just that. "Words are very important, and can often lead to unintended consequences. I hope this will not be one of those instances. Thank you for your attention to this matter!" Trump did not say in his post whether he meant nuclear-powered or nuclear-armed submarines. He also did not elaborate on the exact deployment locations, which are kept secret by the US military. But in an interview with Newsmax that aired Friday night, Trump said the submarines were "closer to Russia." 9 The US Navy's USS Minnesota (SSN-783), a Virginia-class fast attack submarine Credit: AFP "We always want to be ready. And so I have sent to the region two nuclear submarines," he said. "I just want to make sure that his words are only words and nothing more than that." The US has the largest nuclear-powered submarine fleet in the world, including its lead ship the USS Virginia - a 377-feet long sub, equipped with cruise missiles. The US has nuclear-powered attack submarines that can search for targets. Several of the US Navy's vessels are specifically designed for stealth and are able to precisely strike targets with nuclear warheads. The Western superpower also has larger, nuclear-armed submarines, which do not need to be repositioned as they can reach targets thousands of miles away. It's unclear which nuclear submarines will be deployed.