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AI-enabled European stocks fell sharply after major model launches. Market anxiety rose amid valuation concerns as investors questioned whether these companies can maintain their edge.
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HMRC confirms AI use in monitoring taxpayers’ social media accounts. The tax authority employs AI tools for analysing online posts in criminal tax fraud cases, raising concerns among MPs about potential errors due to automated systems.
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OpenAI is in talks over a $500 billion valuation. The share sale could surpass SpaceX’s worth, involving employee shares and attracting investors like Thrive Capital. This move follows OpenAI’s competitive push in AI talent and product innovation.
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ASAPP launches new controls to balance AI and human oversight. The GenerativeAgent update gives companies more ways to monitor, test, and guide AI.
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HPE debuts AI-powered network security and backup at Black Hat. The integrated security and data protection portfolio features an AI-based SASE copilot and enterprise-scale backup. The new tools aim to deliver unified, zero-trust protection and automated recovery for complex IT environments.
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News Corp warns Trump his books are targets for AI ‘theft’. News Corp has publicly cautioned Donald Trump that artificial intelligence tools are cannibalising the content of his books — including The Art of the Deal — as the company intensifies its calls for stronger copyright protection in the age of generative AI.
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Europe’s AI Act is now entering a pivotal new phase. General-purpose AI system providers must comply with sweeping transparency, risk and documentation requirements, facing fines up to €35 million for non-compliance.
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Over half of UK businesses will not adopt AI in 2025. A new survey from technology firm boxxe finds widespread scepticism around AI security, affordability, and integration — even as government efforts intensify to support AI skills development.
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China and the EU clashed on trade and minerals in Beijing. At a shortened one‑day summit, Ursula von der Leyen warned of an “inflection point” in EU–China ties, calling for “rebalancing,” while Xi Jinping urged Europe to make “correct strategic choices” as tariff tensions and minerals dependence took centre stage.
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NatWest Group has announced a five-year partnership with AWS and Accenture. The initiative aims to centralise the bank’s data systems and scale its AI capabilities, supporting faster service delivery and improving risk and regulatory operations across its 20 million customer base.