News roundup: UK probes Nvidia-Arm deal, Zoom's new $100 million app development fund, and the EU clamps down on AI

A roundup of this week's technology news, including the UK government's probe into the Nvidia-Arm deal, Zoom's new $100 million app development fund, British digital currency plans, and the EU's move to clamp down on AI technology.

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UK government to probe Nvidia-Arm deal

The UK government has announced it will investigate US semiconductor giant Nvidia's $40 billion acquisition of Cambridge-based chipmaker Arm.

Using powers provided by the 2002 Enterprise Act, digital secretary Oliver Dowden has served a public intervention notice in order to probe the Nvidia and Arm deal for national security ramifications.

As part of the investigation, Dowden has asked the Competition and Markets Authority to compile a report outlining the potential competition and security implications posed by the planned deal. The CMA must submit its report by midnight on July 30th.

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