Artificial Intelligence
Lisa Nandy remains Culture Secretary as Kanishka Narayan named AI minister
Prime Minister Andy Burnham has retained Lisa Nandy as Secretary of State for Digital, Culture, Media and Sport while appointing Kanishka Narayan as the first Minister for AI.
Cambridge opens New Whittle Laboratory to accelerate UK industrial growth
King Charles officially opened the New Whittle Laboratory, a facility designed to use artificial intelligence and rapid-testing to shorten development cycles.
Moonshot AI Targets Hong Kong IPO Within Six Months After Kimi K3 Launch
Moonshot AI has formally notified investors of its intent to list in Hong Kong, fueled by rising annual recurring revenue and its latest language model. The company is currently dismantling its offshore structure as part of its preparations for the public debut.
Andy Burnham’s plan to scrap technology department triggers backlash
Incoming Prime Minister Andy Burnham faces criticism from tech industry leaders regarding proposed departmental restructuring and a new AI strategy.
SK Hynix shares face volatility following record US market debut
South Korean chipmaker SK Hynix is navigating sharp share price swings following its Nasdaq entry, as global semiconductor stocks face a wider cooling trend.
Apple briefly overtakes Nvidia as world’s most valuable company
Apple's market capitalization briefly eclipsed Nvidia's as the company gained momentum ahead of its fiscal third-quarter earnings report on July 30.
Societe Generale sees broadening rally favoring equal-weight strategy in 2H26
Societe Generale analysts observe a market rotation as the rally expands beyond concentrated technology stocks. The firm favors equal-weight strategies and sectors involved in the physical expansion of power and industrial capacity.
Xi pledges global AI cooperation and training as US tech curbs tighten
President Xi Jinping is positioning China as a leader for the Global South by offering training and technology to counter tightening U.S. export restrictions.
Singapore graduates struggle to secure roles despite high vacancy rates
Despite official data showing thousands of entry-level vacancies, new graduates report significant struggles securing roles due to cautious hiring and automated filters. Experts suggest networking, soft skills, and certifications as strategies for navigating this challenging landscape.
IBM shares tumble over 25% after earnings warning on weak mainframe sales
IBM stock saw its sharpest one-day decline in history after the company reported a shortfall in revenue and earnings. The company noted a shift in client spending toward AI-focused infrastructure and delayed deal closures.
Warsh vows to deliver price stability, Fed ‘regime change’
In his first congressional testimony, Federal Reserve Chairman Kevin Warsh vowed to implement a regime change in how the central bank conducts its business. He has launched five task forces to evaluate policy frameworks while managing ongoing economic challenges.
Google DeepMind CEO Demis Hassabis proposes US-led global AI watchdog
Google DeepMind CEO Demis Hassabis has proposed a US-led regulatory body modeled after FINRA to conduct safety screenings on frontier AI systems. The plan aims to establish a systematic framework for managing risks, including potential cyber and biological threats.
IBM shares slump 22 percent as AI spending squeeze hits software revenue
IBM shares declined after the company reported that enterprise clients are prioritizing data-center infrastructure investments over software budgets. The shift caused a revenue shortfall and triggered a broader selloff across the software industry.
Oil prices surge as Middle East fighting spikes, AI stocks tumble
Global financial markets face pressure from escalating Middle East hostilities driving oil prices and a pullback in AI-led tech shares. Investors are now awaiting quarterly earnings reports from major financial institutions to gauge potential economic impacts.
Xiaomi tipped as top beneficiary of China AI home appliance market growth
As China’s traditional home appliance market contracts, manufacturers are pivoting toward AI-driven systems to target the silver economy and smart home integration.
NHS expands rollout of AI tools to cut waiting lists and missed appointments
The NHS is deploying new artificial intelligence and digital tools to optimize clinical scheduling, triage patients, and reduce administrative burdens.
SK Hynix shares jump 13 percent in record-breaking US market debut
South Korean chipmaker SK Hynix saw its shares rise 13% during its record-breaking U.S. market debut, signaling strong investor interest in AI memory technology.
OpenAI launches ChatGPT Work agent alongside GPT-5.6 model rollout
OpenAI has launched the GPT-5.6 model family and the ChatGPT Work platform, which integrates agents into enterprise tools to automate multi-step projects.
Xbox CEO Asha Sharma named to Federal Reserve jobs and productivity task force
Xbox CEO Asha Sharma was appointed to a Federal Reserve task force examining AI and jobs, an assignment that has drawn public attention due to her concurrent oversight of a 3,200-person workforce reduction.
SK Hynix US share sale oversubscribed more than seven times amid AI boom
South Korean memory-chip producer SK Hynix has drawn significant global institutional interest for its US share offering, signaling confidence in the AI data-center boom.