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 …
Panasonic Holdings' stock has more than doubled this year, giving it a record market valuation of ¥11.5 trillion ($71 billion), driven by rising demand for electronic components and batteries used in …
South Korea's approval of single-stock leveraged ETFs on Samsung and SK Hynix triggered a $6 billion forced selling event on June 23, wiping nearly 10% off the Kospi and sending Nasdaq futures tumblin…
The Federal Trade Commission fined Amazon $2.25 million for violating the Fair Credit Reporting Act by failing to provide identity theft victims with records of fraudulent purchases and refusing to re…
Ford admitted its AI-driven quality push fell short and hired over 350 veteran engineers over three years to fix costly quality problems. The automaker concluded AI alone could not deliver expected im…
Schneider Electric acquired Norwegian industrial AI company Cognite for $3.1bn in cash, aiming to integrate its data and AI platform into its Aveva software unit. The deal positions Schneider to lead …
Google co-founder Sergey Brin sold his stake in a New York real estate fund for six cents on the dollar, highlighting the financial pain facing landlords in the city due to rising costs and strict ren…
Ford Motor Co. reduced new-car problems by 21% after hiring 350 veteran engineers to fix quality issues that arose when the company relied too heavily on artificial intelligence. The automaker ranked …
Uber exhausted its entire 2026 AI coding budget within four months, highlighting the challenge of consumption-based AI costs that are difficult to forecast and attribute. The company's COO noted the d…
South Korean President Lee Jae Myung nominated Han Seong-sook, currently minister of SMEs and startups, as prime minister nominee, citing her IT and startup experience as suited to lead an 'AI transfo…
SpaceX's record-breaking $86 billion IPO left Mirae Asset Securities Co., a South Korean brokerage, with zero stock allocation due to a misunderstanding over order submission. Mirae treated an early i…
Taiwanese authorities raided Supermicro's Taiwan office and eight other locations as part of a U.S. federal probe into alleged AI chip smuggling to China, signaling a potential shift in Taiwan's enfor…
Ford Motor Co. is rehiring about 350 veteran engineers, including former employees, after its AI-based quality systems failed to meet expectations. The automaker's executives acknowledged that they mi…