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29 May 2026

Morgan Stanley doubles forecast: European banks could shed 20% of jobs to AI by 2030

Morgan Stanley has doubled its projection for AI-driven job losses across European banks, now estimating 20% of total banking employment—roughly 400,000 jobs—could be eliminated by 2030. The revised May forecast is twice the bank's January figure of 10%, with workforce cuts already underway at HSBC, ABN Amro, and UBS as generative AI tools accelerate productivity gains in back-office, risk, and compliance workflows.

2 Sources

ChatGPT down as thousands report global outage affecting OpenAI's popular AI chatbot

OpenAI's ChatGPT experienced a significant global outage on Friday, with thousands of users reporting the AI chatbot experienced errors, slow performance, and failed responses. Over 4,300 reports surfaced in the US alone via Downdetector, while Indian users from Mumbai, Delhi, Bengaluru, and Hyderabad also faced disruptions, highlighting growing reliance on AI technology for daily tasks.

2 Sources

AI-powered atlas reveals how tertiary lymphoid structures predict cancer treatment outcomes

Researchers at MD Anderson Cancer Center developed the first comprehensive spatial atlas of tertiary lymphoid structures across 12 cancer types, using AI to analyze over 25,000 immune structures. The study shows that TLS maturation state, spatial location, and composition provide critical insights into cancer prognosis and treatment response, outperforming conventional biomarker measures.

2 Sources

Samsung Electronics ships HBM4E samples as shares surge 6% in AI memory chip race

Samsung Electronics began shipping samples of its industry-first 12-layer HBM4E AI memory chip to global customers, achieving speeds up to 16 Gigabits-per-second with 48-gigabyte capacity. The announcement sent shares surging as much as 6.51% as the company aims to close the gap with SK Hynix and Micron in the advanced AI memory market crucial for next-generation data centers.

4 Sources

Samsung and LG Uplus partner to turn cell towers into sensors for 6G networks

Samsung Electronics and LG Uplus signed an agreement to develop Integrated Sensing and Communication (ISAC) technology that transforms mobile base stations into environmental sensors. The collaboration will test the technology on existing 5G networks and in the 7 GHz band, aiming to replace dedicated LiDAR and radar with signals from ordinary cell towers for applications like human detection and traffic monitoring.

3 Sources

Acer unveils Predator Atlas 8 gaming handheld with metal fans and Intel Arc graphics

Acer revealed the Predator Atlas 8 gaming handheld ahead of Computex 2026, featuring Intel Arc B390 graphics and the first metal cooling fan in a portable gaming device. With an 8-inch 120Hz display, 80Wh battery, and premium features like Wi-Fi 7 and Thunderbolt 4, the device targets enthusiasts willing to pay for high-end performance when it launches in October 2026.

2 Sources

Dell shares soar 39% as AI server demand drives fastest sales growth since 2018

Dell Technologies Inc. reported its fastest revenue growth since returning to public markets in 2018, with sales jumping 88% year-over-year to $43.84 billion. The surge was driven by explosive AI server demand, with AI server revenue reaching $16.1 billion, up 757% from a year earlier. Dell shares climbed 39% in extended trading as the company raised its full-year AI server sales outlook to $60 billion.

7 Sources

Netcapital acquires NetNudge AI platform to transform capital markets with AI agent technologies

Fintech company Netcapital acquired the NetNudge AI Agent Platform from Codesharp Corporation for 600,000 preferred shares valued at $1.50 each. The AI platform acquisition includes technologies for workflow intelligence, enterprise knowledge management, and AI-assisted decision support. Netcapital plans to deploy the platform internally and license it to other enterprises in private capital markets.

2 Sources

Fiserv Partners with Cognition to Deploy AI Software Engineer Devin for Banking Modernization

Fiserv is deploying Cognition's Devin, an AI software engineer, to accelerate core platform modernization and strategic engineering initiatives. The collaboration aims to speed up delivery of new capabilities to financial institutions while allowing human teams to focus on critical improvements. This partnership follows Cognition's recent $1 billion funding round that valued the startup at $26 billion.

2 Sources

Drexel University study reveals bond paradox in AI mental health tools used by millions

A Drexel University study analyzing over 4 million Reddit posts found that while nearly half of U.S. adults use AI chatbots for mental health support, most view them as supplements to human therapy. The research uncovered a critical bond paradox: AI tools help with practical tasks, but deep emotional bonds without clear goals correlate with dependence, worsening symptoms, and difficulty disengaging.

2 Sources

Gemini Taps Grok AI to Power Personalized Prediction Markets Command Center

Crypto exchange Gemini has partnered with Elon Musk's SpaceXAI to launch Command Center, an AI-powered feature that curates personalized user feeds for its prediction markets platform. The tool uses Grok AI models to deliver real-time signals and market summaries across crypto, sports, politics, commodities, and economics, as Gemini expands beyond traditional trading.

2 Sources

Nebius Group shares surge 11% as former OpenAI researcher Leopold Aschenbrenner takes major stake

Nebius Group shares climbed over 10% in premarket trading after Situational Awareness, an investment firm run by former OpenAI researcher Leopold Aschenbrenner, disclosed a 5.6% stake worth nearly $2.6 billion. The investment marks a significant vote of confidence in the AI infrastructure market as Nebius reported an eightfold rise in quarterly revenue.

2 Sources

Sprinklr acquires ViralMoment's video intelligence assets to boost AI analytics capabilities

Sprinklr announced the acquisition of ViralMoment's video intelligence assets, adding frame-by-frame video and image analysis to its customer experience management platform. The technology analyzes social media video content across visuals, audio, and text to detect trends and customer sentiment, serving 1,600 enterprises including 59% of the Fortune 100.

2 Sources

28 May 2026

Asana acquires Stack AI for $75M, betting its future on AI agents working alongside humans

Asana has acquired no-code AI agent builder Stack AI for $75 million, marking its first acquisition in 18 years. The deal positions Asana as a platform for managing AI agents alongside human workers, addressing intense market pressure on seat-based SaaS models. The announcement coincided with a Q1 earnings beat that sent shares up 13%, though the stock remains down 53% year-to-date.

5 Sources

Ohio suspends data center tax break after costs explode to $1.5 billion, 11x initial estimate

Republican Gov. Mike DeWine has suspended Ohio's data center tax break after costs skyrocketed to nearly $1.6 billion in 2025—far exceeding the projected $142 million. The move reflects growing public opposition to energy-intensive AI data centers and mounting pressure on states to reconsider tax incentives that were designed before the AI boom transformed the industry.

4 Sources

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