London-based proptech startup Dwelly closed a $170 million Series B round led by EQT Growth and General Catalyst to acquire UK letting agencies and automate operations with AI, bringing total funding …
The UK Home Office has been accused of using AI-hallucinated evidence to deny asylum seekers, with the Upper Tribunal comparing reliance on an unlocatable AI-cited document to 'bogus evidence.' Betwee…
Perplexity launched its Personal Computer AI tool for Windows on June 3, extending the agentic platform to over 1 billion devices after a Mac-only debut in April. The tool, which Perplexity calls a ge…
Bank of New York Mellon (BNY) CFO Dermot McDonogh told Fortune that the bank does not track AI token consumption as a metric, calling token costs “modest within modest” relative to broader engineering…
OpenAI launched its Partner Network on June 14, 2026, backed by a $150 million investment, and EPAM Systems has earned an Advanced Partner designation within the program. EPAM has already deployed ove…
Brookfield Asset Management projects 6.5 GW of AI-focused data center capacity in India by 2030, more than quadrupling the current 1.5 GW, as part of a $100 billion global AI infrastructure program la…
The European Union's AI Act mandates deepfake labeling under Article 50 from August 2026, with fines up to €15 million or 3% of global turnover for non-compliance, and blockchain-based provenance syst…
AI accounted for nearly 40% of all announced US job cuts in May 2026, with 87,714 AI-attributed layoffs in the first five months of the year, according to data cited by RingCentral. Call centers are b…
Crypto-native retail traders are rotating capital from memecoins into AI and semiconductor stocks, with Upbit's daily trading volume plummeting nearly 80% year-over-year to $1.8B by November 2025 and …
Galaxy Digital has acquired nearly 500 acres in McGregor, Texas, for a new data center campus focused on AI and high-performance computing, with an investment of over $400 million. The project, called…
Core Scientific announced a strategic partnership with AMD on July 28, giving AMD access to over 2.5 gigawatts of data center capacity across Core Scientific's US facilities, with an initial 500 megaw…
A global selloff in semiconductor stocks on July 27-28, led by a 5% drop in Nvidia and an 8.5% decline in ASML, has raised doubts about the sustainability of AI-related capital expenditures, with Sout…
Economists are adopting AI token consumption as a macroeconomic indicator to track artificial intelligence adoption across industries, according to a report from Ionos. Tokens, the billing unit used b…
Chia Der Jiun, Managing Director of the Monetary Authority of Singapore, warned on June 17 at the Lujiazui Forum that the global economy's heavy reliance on AI investment creates a fragility that mark…
Paul Markham, head of global equities at GAM Investments, warned on July 28 that the recent global selloff in semiconductor stocks is not yet a buying opportunity due to excessively concentrated inves…
Hush Security has raised $11 million in a seed round led by Battery Ventures and YL Ventures to build an AI agent governance platform that provides identity-based access controls for non-human identit…
Moonshot AI's release of the 2.8 trillion parameter open-source Kimi K3 model on July 17 triggered a 10% weekly decline in the PHLX Semiconductor Index (SOXX), its steepest since April 2025, pushing t…
Barclays is investing hundreds of millions of dollars in artificial intelligence infrastructure, raising its return on tangible equity target to above 14% through 2028 from a prior goal of over 12% by…
AI companies Anthropic and OpenAI have surpassed major consumer brands like Starbucks and McDonald’s in annual revenue, reaching approximately $120 billion combined, according to an Axios report. Anth…
China has commenced mass production of deep ultraviolet (DUV) chipmaking tools, intensifying a sell-off in AI and semiconductor stocks as market participants reassess the global competitive landscape.…