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Wall Street is paying $25,000 a day for AI trainers who used to work there

Felipe Sinisterra and Dave Wang, two ex-bankers, are booked out for the next two months teaching financial institutions to actually use the AI tools they have already bought. Felipe Sinisterra and Dave Wang, two former investment bankers, are charging banks and investment funds up to $25,000 a day to teach senior staff how to use […]

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Honeywell’s Quantinuum settles on $12.7bn IPO target after $20bn whisper

Quantinuum, the quantum-computing company majority-owned by Honeywell, is targeting a valuation of $12.7bn in its US IPO, according to a Reuters report on Tuesday, a level materially below the $20bn-plus figure that circulated earlier in May when the company filed its S-1. The new figure puts the IPO at roughly 27% above the $10bn pre-money valuation […]

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Pope Leo’s first encyclical reads as tech regulation as much as theology

The 24 hours since Pope Leo XIV published his first encyclical, Magnifica Humanitas, have produced something unusual: a papal document being read in earnest by financial and policy capitals as a piece of tech-regulation analysis rather than a piece of theology. The text addresses governments, parliaments and the executives of the largest AI companies directly, […]

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BNP Paribas works with Mistral on a European answer to Anthropic’s Mythos

BNP Paribas is working with Mistral AI to prepare for a category of AI cybersecurity tools its US peers already use and its European supervisors cannot reliably get hold of, according to a Bloomberg report on Tuesday. The Paris-based bank, the eurozone’s largest by assets, is one of several European institutions helping Mistral develop a […]

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Iran-linked hackers reached LA Metro’s rail-yard control display in March, Israeli firm finds

Iranian hackers were behind the cyber-attack that forced parts of the Los Angeles County Metropolitan Transportation Authority offline in March, according to research published on Tuesday by Gambit Security, a Tel Aviv cybersecurity firm that says it traced 700 gigabytes of stolen emails, backups and other files back to a server tied to a previously identified Iranian […]

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Pony AI raises year-end fleet goal to 3,500 robotaxis after a strong Q1

Pony AI, the Beijing-based driverless car company, raised its 2026 year-end robotaxi fleet target on Tuesday to more than 3,500 vehicles, up from a previous 3,000, after reporting first-quarter robotaxi revenues that rose 395% year-on-year. The revised guidance came in the company’s Q1 2026 earnings release on Tuesday. Pony AI’s robotaxi fleet has already passed 1,700 vehicles, […]

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GSR Ventures uses its RedNote stake to anchor a new $350M China fund

SR Ventures Management Co., one of the earliest backers of the Chinese social commerce app Xiaohongshu, is raising about $350m for a new China-focused venture fund and is using its existing stake in the app, known internationally as RedNote, as the central pitch, according to a Bloomberg report on Tuesday citing people familiar with the […]

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Sam Altman says an AI jobs apocalypse is unlikely

The OpenAI chief, speaking in the Asia-Pacific, walked back the more dramatic predictions of broad employment collapse. The data, so far, agrees with him. OpenAI chief executive Sam Altman said on Tuesday that artificial intelligence was unlikely to trigger the broad employment collapse that has come to be known, in the industry’s own shorthand, as […]

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Samsung’s non-chip union goes to court to halt bonus vote

A smaller Samsung Electronics union representing roughly 13,000 workers in the company’s smartphones, televisions and home appliances divisions has filed an injunction at South Korea’s Suwon District Court to halt an ongoing companywide vote on a bonus deal that would deliver a windfall to memory chip workers and almost nothing to everyone else. The injunction […]

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India’s AI ambitions hinge on turning 200 million workers into 350 million

IBM India’s Sandip Patel says the country can become the world’s AI skill capital by 2030. The arithmetic of getting there is harder than the headline number suggests. ndia has roughly six hundred million workers, and on a recent Bengaluru morning, the head of IBM’s India business put a number on how many of them […]

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