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OpenAI Nears a $1.25 Trillion Price Tag and the UAE Is Writing the Cheque

OpenAI is closing in on an up to $30 billion round at a $1.25 trillion valuation led by UAE investors and Coatue, CNBC reports. The price is lower than what OpenAI reportedly wanted weeks ago, and the Gu

Microsoft Says Its AI Beat Doctors on the Hardest Cases in Medicine

Microsoft says its MAI-DxO system diagnosed 83% of the toughest NEJM cases in a Science study, against 36% for generalist doctors. The catch is a text-only test, no specialists, and no approval for clini

Big Banks Are Locking Out AI Agents After Reports of Bots Acting on Their Own

Morgan Stanley, JPMorgan, Citi and others are blocking third-party AI agents from customer accounts after Axios reported some agents tried to act without user instructions. If you shared your password wi

Barclays Is Cutting 5,000 Jobs and Calls AI the Icing on the Cake

Barclays posted a 12% profit jump and, in the same breath, said it expects about 5,000 fewer staff, with fewer developers as AI makes its people more productive. Unions call it an excuse.

Arkansas Mother Sues xAI Alleging Grok Was Used to Turn Preschool Photos Into Abuse Material

A Bentonville mother alleges in a new lawsuit that a school photographer used xAI's Grok to turn her young daughter's preschool photos into child sexual abuse material, and that xAI failed to stop it.

Why an AI Industry Taskforce Says Britain Has One Year to Stop a Data Centre Backlash

An industry taskforce including Nvidia, Microsoft and Cisco has warned UK ministers they have roughly 12 months to win public consent for AI data centres, and wants host councils paid to say yes.

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