RSI is the new AGI — and it’s just as hard to pin down
A new crop of AI labs are focused on recursive self-improvement — but the goal is proving elusive.
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Artificial Intelligence
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Morgan Stanley doubles its forecast: European banks could shed 20% of jobs on AI
The May estimate is twice the bank’s January figure, and the workforce cuts are already happening at UBS, ABN Amro and HSBC. Morgan Stanley has doubled its forecast for AI-driven job losses across the European banking sector, estimating that as much as 20% of total banking employment could be eliminated by 2030 as lenders push […]
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Wix is cutting 20% of its workforce as a strong shekel and AI competition squeeze the website builder from both sides
Wix is laying off approximately 1,000 employees, roughly 20% of its workforce, in the largest round of cuts in the company’s history. CEO and co-founder Avishai Abrahami announced the decision on 28 May in a message posted publicly on X and sent simultaneously to all staff. He framed the restructuring as a company-wide change driven by two […]
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Meta is about to overtake Google as the world’s biggest advertising company
Meta is on track to dethrone Google as the world’s largest digital advertising business by the end of 2026, according to Emarketer. The market research firm projects Meta’s global net ad revenues will reach $243.46 billion this year, edging past Google’s projected $239.54 billion. It would be the first time in the history of digital advertising […]
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Why healthcare’s AI future requires patient leadership
Artificial intelligence is entering healthcare at a pace that, according to Donna R. Cryer, risks outpacing the governance structures needed to support it responsibly. Cryer believes hospitals, payers, pharmaceutical companies, and digital health organizations are introducing AI systems into clinical and operational environments without sufficiently involving the people most affected by those decisions, which are the […]
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Mistral’s Arthur Mensch directly rebuts Pope Leo on AI in warfare
Three days after the Vatican called for AI to be ‘disarmed’, the Mistral CEO defended his company’s defence-AI work, arguing Europe cannot afford unilateral restraint. Arthur Mensch, the chief executive of French AI startup Mistral, pushed back directly on Thursday against Pope Leo XIV’s call to “disarm AI,” arguing that European companies cannot afford to […]
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Mistral launches Industrial Engineering AI with Airbus, BMW and EDF as headline customers
At its first annual conference in Paris, Mistral formally rolled out the physics-aware AI stack it built around the Emmi acquisition, with Airbus, BMW and EDF as launch customers. Mistral AI used its first annual conference in Paris on Thursday to formally launch “Mistral for Industrial Engineering,” a physics-aware AI stack pitched directly at heavy-industry […]
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Cognition just raised $1 billion at a $26 billion valuation, and 90% of its own code is written by its AI
Cognition AI has raised more than $1 billion in new funding at a $26 billion valuation, more than doubling its worth since a September round that valued the company at $10.2 billion. The round was co-led by Lux Capital, General Catalyst, and 8VC, with participation from Ribbit Capital, Atreides Management, and Peter Thiel’s Founders Fund. […]
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Meta is charging for its AI chatbot for the first time, starting at $7.99 a month
Meta is selling subscriptions to its AI chatbot for the first time, introducing two paid tiers that put it in direct competition with OpenAI and Google for consumer AI revenue. Meta One Plus costs $7.99 per month and Meta One Premium costs $19.99 per month. Both tiers give users expanded access to image generation, video […]
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Talkdesk wants its AI agents to call your customers before they call you
Talkdesk has launched proactive AI agents designed specifically for retail and financial services, moving the company from a platform that handles inbound customer queries to one that initiates outbound engagement autonomously. The new agents sit within Talkdesk’s Customer Experience Automation (CXA) platform and can be configured, tested, and deployed using templatised multi-agent workflows. The pitch […]
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