Blackstone is considering a new funding round for Nvidia-backed AI coding firm Factory that would value the San Francisco-based startup at more than $3.5bn, sources told City AM. The deal would mark F…
EY has built an 'AI router' that steers each task to the cheapest capable model, aiming to control its own soaring AI costs as the firm invests over $1 billion a year in AI and runs about 1,000 AI age…
EY has deployed an 'invisible' AI router that has helped cut token consumption by up to 60% since its global rollout in April, according to Dan Diasio, EY's global consulting AI leader. The router sit…
The Cloud Security Alliance found that 65% of organizations experienced at least one AI agent-related incident in the past year, with nearly 50% confirming data leaks tied to unauthorized generative A…
PwC's Middle East thought-leadership reports on AI and electric vehicles contained fake footnotes, misattributed claims, and made-up sources, with one footnote's web address carrying the tag "utm_sour…
AI adoption has outpaced AI governance, with 65% of organizations reporting at least one AI agent-related incident in the past year, according to Cloud Security Alliance research. Nearly half of organ…
The software-as-a-service industry is shifting from seat-based to credit-centric metrics as AI-native operating companies redefine value, with credits measuring work performed rather than access, acco…
EY has developed a multimodal RAG framework that retrieves charts, tables, diagrams and images alongside text via knowledge graphs, producing more accurate and verifiable answers than conventional tex…
Global private equity deployment in technology collapsed from roughly 30% of total value last year to just over 10% in the first quarter of 2026, according to EY, as investors concluded they could not…
Microsoft announced the general availability of Learning Agent in Microsoft 365 Copilot, a personalized AI upskilling tool that provides tailored learning recommendations based on each user's role, ta…
Chamath Palihapitiya is returning to a day-to-day operating role as CEO of 8090 Labs, the AI coding company he founded in January 2024, after raising a $135 million Series A led by Salesforce Ventures…
The 2026 IPO market is broadening beyond AI mega-deals, with mid-cap and overlooked sectors preparing to test investor appetite in the second half of the year. SpaceX's record-breaking $86 billion IPO…
EY fired two employees for accessing Australian Prime Minister Anthony Albanese's bank details, adding to scandals at Big Four firms in Australia. India launched 'Bharat Taxi' to compete with Uber, of…
Forrester released a Q2 2026 evaluation of ten major AI consulting providers, including Accenture, Bain, BCG, Capgemini, Deloitte, EY, IBM, McKinsey, and PwC, as part of a broader 37-vendor roster. Th…
Nvidia and LangChain released the NemoClaw for LangChain Deep Agents blueprint on July 8, combining Nvidia's Nemotron 3 Ultra model with LangChain's Deep Agents framework to achieve benchmark-leading …
NVIDIA's Nemotron 3 Ultra, tuned with LangChain's Deep Agents harness, achieved benchmark-leading performance at 10x lower inference cost than top closed models, enabling enterprises to build speciali…
Georgiana Bristol argues that as AI takes over routine tasks, City employers should prioritize hiring young people based on character—such as resilience, curiosity, and reliability—rather than solely …
Chamath Palihapitiya has taken the CEO role at 8090 Labs, an enterprise AI coding company that raised a $135 million Series A led by Salesforce Ventures. The startup powers EY's AI-native software dev…
Microsoft announced Microsoft Frontier Company, a new operating business focused on AI-driven transformation, backed by a $2.5 billion investment and 6,000 industry and engineering experts. The compan…
Central banks, including the ECB and Federal Reserve, are evaluating whether artificial intelligence will drive inflation, with potential policy shifts on the horizon. Kevin Warsh emphasized the centr…