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Banks face dual AI risk as Mythos exposes vulnerabilities while fraud attacks surge globally

Anthropic's powerful Mythos AI model has uncovered thousands of severe security vulnerabilities across major operating systems, prompting urgent warnings from financial regulators worldwide. Switzerland's Finma labels unrestricted access a systemic bank risk, while experts warn that AI-powered fraud poses an equally dangerous parallel threat already operating at industrial scale.

Policy6 sources

Banks face dual AI risk as Mythos exposes vulnerabilities while fraud attacks surge globally

Policy6 sources

iQiyi launches massive AI overhaul, expects AI to create most content within five years

Chinese streaming service iQiyi is undergoing its biggest corporate overhaul in 16 years, betting that AI will create the bulk of its films and shows within five years. CEO Gong Yu unveiled Nadou Pro, an AI toolkit handling everything from scriptwriting to final rendering, as the company battles a 13% revenue decline and competition from short-video platforms.

Technology5 sources

iQiyi launches massive AI overhaul, expects AI to create most content within five years

Technology5 sources

Friedrich Merz and Siemens demand lighter EU regulation for industrial AI ahead of AI Act

German Chancellor Friedrich Merz called for less stringent EU regulation on industrial AI at Hannover Messe, arguing current rules are too restrictive. Siemens CEO Roland Busch echoed the concerns, warning the company may prioritize investments in the US and China if regulations aren't eased before the EU AI Act takes full effect in August.

Policy2 sources

Friedrich Merz and Siemens demand lighter EU regulation for industrial AI ahead of AI Act

Policy2 sources

Verizon CEO Dan Schulman warns AI job cuts could push unemployment to 20-30% within five years

Verizon CEO Dan Schulman is breaking from his Big Tech peers with a stark warning about AI's impact on the workforce. He predicts unemployment could reach 20 to 30 percent within two to five years as humanoid robots replace manual laborers. Schulman urges CEOs to be open about AI-driven job cuts and launched a $20 million career-transition fund when Verizon cut 13,000 jobs last year.

Business2 sources

Verizon CEO Dan Schulman warns AI job cuts could push unemployment to 20-30% within five years

Business2 sources

Palantir, Thales, and Air Space Intelligence compete to build FAA's predictive air traffic AI

The FAA has selected Palantir Technologies Inc., Thales SA, and Air Space Intelligence Inc. to compete on developing SMART, an artificial intelligence tool that could predict air traffic conflicts up to two hours in advance. The system is part of a $32.5 billion modernization effort to overhaul the nation's aging air traffic control infrastructure and address controller overwork following recent safety incidents.

Technology2 sources

Palantir, Thales, and Air Space Intelligence compete to build FAA's predictive air traffic AI

Technology2 sources

Loop Raises $95M Series C Funding to Build Supply Chain AI That Predicts Disruptions

San Francisco-based Loop has secured $95 million in Series C funding led by Valor Equity Partners to expand its AI-driven platform for supply chain management. The startup uses its proprietary DUX AI models to transform fragmented supply chain data into predictive insights, helping companies reduce costs and improve visibility across global operations.

Startups3 sources

Loop Raises $95M Series C Funding to Build Supply Chain AI That Predicts Disruptions

Startups3 sources

Meta slashes 8,000 jobs as AI spending forces tech layoffs across industry giants

Meta announced plans to cut 10% of its workforce, eliminating roughly 8,000 jobs while canceling 6,000 open positions. The social media giant frames the move as necessary to offset record AI investments approaching $135 billion this year. Microsoft simultaneously offered early retirement packages to 7% of its US workforce, signaling a broader industry shift where heavy investment in AI infrastructure is reshaping employment across tech companies.

Business33 sources

Meta slashes 8,000 jobs as AI spending forces tech layoffs across industry giants

Business33 sources

Anthropic launches Claude Design, an AI design tool for prototypes and slides

Anthropic introduced Claude Design on Friday, a new experimental AI design tool that enables users to create visual prototypes, presentation decks, and wireframes through simple text prompts. Powered by Claude Opus 4.7, the tool targets founders and product managers without design backgrounds, positioning itself as a complement to existing platforms like Canva rather than a replacement.

Technology24 sources

Anthropic launches Claude Design, an AI design tool for prototypes and slides

Technology24 sources

Elon Musk's Universal High Income Proposal Sparks Fierce Debate on AI Job Losses

Elon Musk proposed a universal high income system funded by government payouts to address AI-driven job displacement, claiming AI and robotics will prevent inflation. But economists like Sanjeev Sanyal sharply criticized the plan as fiscally unsustainable, warning it could bankrupt governments while misunderstanding how technological advancements create economic opportunities.

Policy3 sources

Elon Musk's Universal High Income Proposal Sparks Fierce Debate on AI Job Losses

Policy3 sources

Reese Witherspoon's AI push sparks fierce backlash from authors and fans over tech advocacy

Reese Witherspoon urged women to learn about artificial intelligence in an Instagram video, citing a 25% lower usage rate among women. The post ignited intense debate, with supporters like Kerry Washington praising her while authors and critics raised concerns about job loss, environmental impact of AI, and the ethical implications of AI in creative industries.

Entertainment4 sources

Reese Witherspoon's AI push sparks fierce backlash from authors and fans over tech advocacy

Entertainment4 sources

India Forms AIGEG to Lead AI Governance Strategy, But Key Regulators Left Out

India has formed the AI Governance and Economic Group (AIGEG), a high-level inter-ministerial body led by Union IT Minister Ashwini Vaishnaw, to coordinate the nation's AI policy across ministries. The group will assess AI's impact on the job market and develop deployment roadmaps. However, the body excludes independent regulators recommended in earlier AI governance guidelines.

Policy2 sources

India Forms AIGEG to Lead AI Governance Strategy, But Key Regulators Left Out

Policy2 sources

Sal Khan launches $10,000 AI degree with Google and Microsoft to challenge elite universities

Khan Academy founder Sal Khan announced the Khan TED Institute, a joint venture with TED and ETS offering an affordable AI degree for under $10,000. Partnering with Google, Microsoft, and McKinsey, the program aims to provide accessible higher education and help professionals reskill in an AI-driven job market, with launch expected within 12 to 24 months.

Business3 sources

Sal Khan launches $10,000 AI degree with Google and Microsoft to challenge elite universities

Business3 sources

Samsung faces user backlash over Galaxy AI in heated Reddit AMA as fans call features a 'burden'

Samsung held a Reddit AMA where users questioned the value of Galaxy AI features, calling them burdensome and unnecessary. VP Annika Bizon addressed concerns about data privacy, feature utility, and customization options, revealing the company's vision for AI to become invisible and effortless like electricity.

Technology2 sources

Samsung faces user backlash over Galaxy AI in heated Reddit AMA as fans call features a 'burden'

Technology2 sources

Capgemini finds 66% of organizations prioritize Physical AI despite scaling challenges

Capgemini's 140-page report reveals that two-thirds of organizations plan to prioritize physical AI in their automation strategies through 2031, with executives across high tech, warehousing, and agriculture sectors recognizing its potential. However, critics warn that the hype cycle around physical AI risks creating unrealistic expectations, as only 4% of organizations currently operate at scale and significant technical barriers remain.

Technology3 sources

Capgemini finds 66% of organizations prioritize Physical AI despite scaling challenges

Technology3 sources

Google exec claims 90% of game developers already use AI but won't tell players about it

Google Cloud's global director for games, Jack Buser, says roughly nine out of ten game developers are using AI in game development based on a Gamescom survey, though many studios refuse to publicly disclose it. Meanwhile, Dead Space creator Glen Schofield urges artists to learn AI tools now, warning that graduates will soon enter the industry with AI expertise while others fall behind.

Technology8 sources

Google exec claims 90% of game developers already use AI but won't tell players about it

Technology8 sources

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