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UN’s first global AI science panel warns the window to govern the technology is closing

Artificial intelligence is advancing faster than governments can regulate it, and the world’s first global scientific body on the technology says the moment to act is now. That is the conclusion of the preliminary report from the UN Independent International Scientific Panel on Artificial Intelligence, launched on Wednesday ahead of a major governance summit in […]

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Bank of England’s Breeden warns AI agents could trigger market meltdowns

Deputy governor Sarah Breeden says autonomous trading agents could amplify volatility if they all react the same way at once, and may demand new rules. The nightmare a central banker describes is rarely a crash. It is a feedback loop. Speaking at the European Central Bank’s annual forum in Sintra, Portugal, the Bank of England’s […]

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Jon and Mindy Gray bet $55M on AI to catch cancer before it starts

A new institute at Penn’s Basser Center will use artificial intelligence and biomarkers to intercept hereditary cancers at their earliest stages, before they become disease. The idea behind the gift is unusual enough to need its own word. Most cancer philanthropy funds treatment, the long campaign that begins once a tumour has announced itself. Jon […]

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Visa says AI investment and digital commerce are carrying the global economy

The payments giant’s midyear outlook forecasts 2.4% global growth in 2026, crediting an investment boom and online price competition for absorbing the strain of higher energy costs. The company that sees a slice of nearly every card swipe on the planet has a view on where the economy is heading, and the view is cautiously […]

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Call-centre stocks slide as investors worry AI makes them uninvestable

A guidance cut from Concentrix dragged the sector down and hardened a fear that automated agents are eroding the business of answering the phone. The fear that artificial intelligence would hollow out the call-centre business has been hanging over the sector for two years, more sentiment than spreadsheet. This week it acquired some numbers. A […]

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StanChart’s former AI chief joins Accenture as Southeast Asia head

David Hardoon, who left Standard Chartered after less than a year, will lead advanced AI for the region at a consultancy betting heavily on enterprise adoption. The corporate AI leadership market moves quickly enough that a year now counts as a tenure. David Hardoon, Standard Chartered’s former global head of AI enablement, has joined Accenture […]

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As a deadly heatwave grips Europe, Rome leans on a bracelet to watch its elderly

Dina Gazzella is 85, and on her wrist is a small black band that looks like a watch and does rather more than tell the time. “If I feel unwell, this is a lifesaver,” she told Reuters. In a summer that has turned lethal across Europe, that is not a figure of speech.The bracelet is […]

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Prosus profit roughly doubles as its e-commerce bets and Tencent stake pay off

For years Prosus was, in effect, a single bet wearing the costume of a diversified investor: a sprawling portfolio whose value rose and fell with one Chinese asset. Its latest results suggest the costume is becoming the company. Prosus reported revenue of about $7.3bn for the financial year ended 31 March 2026 and roughly $1.1bn […]

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Cargo drone startup Elroy Air nears an $800m SPAC deal

The maker of the autonomous Chaparral is in advanced talks to go public through a blank-cheque merger valuing the combined company at about $1bn. The SPAC, declared dead more than once over the past few years, keeps finding new uses, and the latest is a cargo drone. Elroy Air, a California startup that wants to […]

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Sarah Wynn-Williams sues Meta over efforts to keep her quiet

For more than a year, the legal action in the Sarah Wynn-Williams affair ran one way: Meta against its former executive. That has now reversed. Sarah Wynn-Williams, the author of the Meta memoir Careless People, is suing the company over its efforts to silence her, according to The Wall Street Journal. The woman Meta spent […]

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