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JP Morgan’s CEO voices apprehension regarding an AI-driven market surge. The swift rise in AI shares has persisted in spurring mergers and investments, and analysts indicate that FOMO is fully in play.
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Many firms deploying AI have suffered losses before gains emerge. A new EY survey of 975 executives shows cumulative AI-risk losses of around US $4.4 billion, largely from compliance failures, biased models, and sustainability setbacks. But companies with mature responsible AI practices report stronger business outcomes.
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Deloitte, one of the prominent Big Four accounting firms, will provide a partial refund to the Australian federal government after a report revealed inaccuracies linked to AI usage. Ordered by the Department of Employment and Workplace Relations (DEWR) in December 2024, the report sought to assess a specific compliance framework alongside its IT system. The…
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Nearly five months after its unveiling, the US–UAE AI chip pact remains stalled. Nvidia’s CEO and some officials see the delays as emblematic of deeper tensions around export controls, foreign investment, and the geopolitics of advanced technology.
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Lucid announced major AI upgrades to accelerate enterprise adoption. The company unveiled Lucid AI, a suite of intelligent collaboration tools, alongside expanded platform accelerators and new integrations aimed at closing the gap between AI’s promise and business execution.
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Deepfakes are eroding trust in politics and society. Elections can be swayed by lies candidates never told. From Slovakia’s 2023 ballot to paid fake ads on social platforms, synthetic media is undermining democratic processes and public confidence — a growing threat with few safeguards in place.
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OpenAI, Oracle and SoftBank are adding five Stargate sites. The $500 billion project now spans six U.S. states, with nearly seven gigawatts of compute capacity planned. Partners say more than $400 billion has been secured for the first phase.
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Alibaba unveils Qwen3-Max, its new trillion-parameter AI model. The launch highlights the group’s investment push in artificial intelligence, citing benchmark gains over rivals and signalling ambitions to integrate agent-style AI across cloud and enterprise services. Shares rose following the announcement at its annual conference.
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Nvidia will invest $100 billion in OpenAI. The two companies announced a letter of intent for Nvidia to provide hardware and capital as OpenAI builds 10 gigawatts of AI data centres. The agreement marks a major escalation in the AI arms race, with first deployments expected in 2026.
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TikTok’s U.S. ownership deal raises more questions than answers. A framework struck between Washington and Beijing promises to put American investors in charge of the app’s U.S. operations, but control of its algorithm and data remains unresolved.