Four major hedge funds—Balyasny, Two Sigma, Man Group, and D.E. Shaw—have independently converged on a common AI agent architecture for capital markets, featuring containment layers, audit trails, hum…
China's National Film Administration and State Administration for Market Regulation issued new guidelines encouraging cinemas to add AI concierge agents, karaoke booths, coffee shops, and merchandise …
IOS 27 beta 2 includes references to an upcoming Apple product codenamed B790, likely the rumored AirPods Pro with cameras. The system prompt found by developer Sam Henri Gold suggests the AirPods wil…
The US government took two major steps toward regulating AI as national infrastructure this week: the FTC opened a comment period proposing that undisclosed AI output manipulation may constitute consu…
The semiconductor industry group SEMI warned the Trump administration against intervening in the memory chip market, arguing that price or production controls would worsen the ongoing shortage driven …
Meta CEO Mark Zuckerberg told staff that AI agent development has not accelerated as expected, admitting that the company's AI-focused restructuring has not yet yielded the anticipated benefits. Meta …
Meta plans to rent out its excess AI computing capacity, joining Amazon and Microsoft in the cloud computing market, according to Bloomberg. The move allows Meta to monetize its AI infrastructure inve…
Uber Technologies dismissed two senior leaders in its AI data labeling division, Uber AI Solutions, according to a Bloomberg report. The unit, launched in November 2024, competes with Scale AI by leve…
Meta stock surged 10% on Wednesday after Bloomberg reported the company plans to launch a cloud business selling excess AI compute capacity, putting it in competition with Microsoft, Amazon, and Alpha…
Meta is building a cloud business to sell access to AI models and computing capacity, entering competition with Amazon Web Services, Microsoft Azure, and Google Cloud. The move follows Meta's heavy in…
Meta Platforms is developing a cloud business to sell excess AI computing capacity and offer access to hosted models, according to reports. The plans, still in development, could include renting raw G…
Meta shares surged after Bloomberg reported the social media giant plans to launch a cloud business selling excess AI compute, joining hyperscaler peers. The move could improve Meta's cash flow outloo…
Meta is developing a cloud infrastructure business called Meta Compute to rent out unused AI computing power, potentially competing with AWS, CoreWeave, and Lambda. The initiative, still in early stag…
Wall Street's increasing reliance on artificial intelligence for trading is raising concerns about crowded trades and market instability. Researchers find that AI adoption leads to more similar portfo…
Tech and finance firms are cutting thousands of jobs monthly while increasing AI spending, with Oracle cutting 21,000 jobs and AI cited as the top reason for layoffs for three straight months. Goldman…
TikTok is considering cutting about 300 jobs at its Dublin hub, affecting roughly a tenth of its local workforce, as part of a restructuring of its AI data service and operations team. The proposed re…
Bank of England Deputy Governor Sarah Breeden warned that autonomous AI agents could amplify market volatility during stress, as existing regulatory frameworks were not designed for such systems. The …
Bloomberg reports that Brexit has failed to deliver promised economic benefits, instead causing lower productivity, higher migration, and political instability. The UK and EU should work toward closer…
OCBC plans to raise annual technology spending to more than $771mn, as new CEO Tan Teck Long doubles down on AI and digital banking. The increase, one of Tan's first strategic signals since taking ove…
Brookfield Asset Management said India's data-center expansion, driven by AI application growth, presents a major renewable-energy investment opportunity. The firm, already a top India infrastructure …