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UK MPs reject under-16 social media ban proposal. The House of Commons voted against a Conservative amendment to ban under-16s from social media, opting instead for a consultation on potential restrictions. Critics argue this delays addressing online safety concerns.
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OpenAI delays ChatGPT adult mode to prioritise core improvements. The company aims to enhance intelligence, personalisation, and user experience, postponing adult mode to focus on broader user benefits and regulatory compliance.
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Yann LeCun’s new startup AMI raises $1.03bn for alternative AI. The company is developing world-model systems designed to reason about real-world environments rather than generate text alone, targeting sectors such as manufacturing, healthcare and aerospace.
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Washington may tie AI chip exports to investment at home. The proposed framework would extend export-control scrutiny to allies, raising fresh questions for companies planning data centre buildouts, sovereign AI capacity, and long-term access to advanced compute.
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Interest rate hike possible if energy prices stay high. Economists warn that sustained high energy prices could lead to a Bank of England interest rate increase, affecting inflation and growth projections. This would challenge the government’s economic strategies and fiscal policies.
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Goldman’s chief says Iran war risks need time to price. David Solomon told a Sydney summit the initial reaction was “benign”, as oil rose and equities fell. Investors are watching for sustained energy disruption and inflation spillovers.
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Upright launches AI tool for sustainability due diligence. Upright has introduced a new AI-powered tool to help investors assess company sustainability, risks, and opportunities using a simple company URL. The tool addresses gaps in traditional methods by focusing on external value chain factors….
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UK gas prices nearly double amid US-Iran tensions. Wholesale gas prices in the UK surged by 93% this week due to escalating US-Iran conflict, potentially increasing inflation and affecting household energy bills.
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UK data watchdog fines Reddit £14.47m for data failings. The ICO found the platform lacked robust age assurance mechanisms and a lawful basis for processing data of children under 13, highlighting a need for stricter age verification measures.
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Meta agrees multi-billion-dollar deal for AMD AI computing power. Meta has committed to a significant investment in AMD’s AI computing capabilities, potentially acquiring a 10% stake in the chipmaker. The agreement highlights Meta’s ambitious AI infrastructure expansion plans.