Artificial Intelligence

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AI loses out to human wealth managers when the money actually moves, HSBC finds

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Wealthy investors are using artificial intelligence to research and generate ideas, and then asking a human being whether to act on them. That is the headline finding of new HSBC research published on Wednesday, which surveyed nearly 10,000 affluent and high-net-worth individuals across 10 markets and concluded that, at the moment of decision, the adviser […]

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Swiss study finds fewer job ads for career starters as AI reshapes entry-level work

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An analysis of 7.3 million job advertisements shows entry-level postings down sharply since the years before generative AI, with the steepest declines in roles the tools can most readily take on. The number of Swiss job advertisements aimed at career starters in 2025 was just under a third lower than the average for the period […]

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ByteDance seeks a record $20bn offshore loan to fund its AI build-out

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ByteDance is in preliminary talks with banks about an offshore loan of roughly $20bn, which would be the largest the TikTok owner has ever raised, Bloomberg reported on Wednesday, citing people familiar with the discussions. The company is said to be seeking a facility with a three-year tenor and an option to extend it to […]

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SoftBank’s Son says calling AI a bubble is ‘an insult’

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At SoftBank Group’s annual shareholders’ meeting in Tokyo on Wednesday, the founder and chief executive was asked, as he is asked at almost every public appearance now, whether the artificial intelligence boom that has driven his fortune to record highs is a bubble waiting to deflate. He treated the question itself as the problem. To […]

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ByteDance unveils Seedance 2.5, a 30-second native 4K AI video model that accepts 50 reference inputs

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ByteDance unveiled Seedance 2.5 on Tuesday at its Volcano Engine FORCE conference in Beijing, a video generation model that produces 30-second clips at native 4K resolution from a single prompt. The company skipped four intermediate versions entirely, jumping straight from its predecessor to signal what it described as a generational leap. An enterprise beta is […]

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Anthropic launches Claude Tag, an always-on AI teammate that lives in your Slack channels

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Anthropic is launching Claude Tag in research preview, an “always-on Claude” that lives inside Slack and acts as a persistent AI teammate. The feature lets users tag @Claude to get insights in conversations and assign tasks. It is available to Claude Enterprise and Claude Team customers starting today. Claude Tag is an evolution of Anthropic’s […]

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A fake AI agent skill passed every security scanner and reportedly reached 26,000 agents

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Security firm AIR built a fake AI agent skill, pushed it through a popular skill marketplace and promoted it with an Instagram ad, and says it reached roughly 26,000 agents, including some on corporate accounts. Every skill security scanner the firm tested it against marked it safe. The payload was harmless by design, collecting only […]

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Oracle cut 21,000 jobs this year and its SEC filing explicitly blames AI

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Oracle’s global workforce fell to 141,000 full-time employees as of 31 May 2026, down from 162,000 a year earlier, a net reduction of roughly 21,000 people. The company’s annual regulatory filing stated plainly that “the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.” It […]

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Google is simultaneously the most dominant and most vulnerable it has ever been

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Google’s financial performance has never been stronger. Alphabet posted $109.9 billion in revenue in the first quarter of 2026, up 22 per cent year on year, the fastest growth rate in any quarter since 2022, with search advertising revenue climbing 19.1 per cent and queries hitting an all-time high. And yet the week before these numbers […]

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South Korea’s chip worker bonuses are so large the central bank is treating them as an inflation risk

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The semiconductor super-cycle has made South Korea’s chip workers extraordinarily well paid, and the country’s central bank is now worried about what happens when that money hits the wider economy. The Bank of Korea warned this month that performance bonuses at Samsung Electronics and SK Hynix could spread into broader wage increases and add upward […]

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