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JPMorgan poaches Nomura’s international AI strategy chief as Dimon doubles down on AI hiring

JPMorgan Chase is hiring Nomura Holdings’ international head of artificial intelligence strategy, according to Bloomberg, as the largest US bank by assets accelerates its recruitment of AI specialists. Singapore-based Tahir Zafar, who joined Nomura in late 2023 and was promoted to his current role in March 2025, is expected to start around July after completing […]

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The AI models finding 10,000 vulnerabilities are the same ones China is trying to copy. That is the problem.

In May, Google’s Threat Intelligence Group confirmed the first known case of an AI system discovering and weaponising a zero-day exploit that was then deployed in the wild. A criminal actor used a frontier model to find a two-factor authentication bypass, build a working exploit, and use it before any defender knew the vulnerability existed. That […]

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Moonshot AI wants a $30bn valuation six months after being worth $4bn. That tells you everything about China’s AI funding race.

Moonshot AI, the Beijing-based developer of the Kimi chatbot, is seeking as much as $2 billion in a new funding round that would value the company at $30 billion, Bloomberg reported on Sunday. If the round closes at that target, it would mark a seven-fold increase in capitalisation since December, when the startup was valued at just […]

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Moonshot AI wants a $30bn valuation six months after being worth $4bn. That tells you everything about China’s AI funding race. Read More »

South Korea’s AI chip boom is so strong it’s crushing the bond market

The AI boom that has made Samsung and SK Hynix trillion-dollar companies and sent the Kospi up roughly 80% is doing something unusual to South Korea’s bond market: destroying it. Korean government bonds have lost 7.5% in 2026 in local-currency terms, the worst performance among 44 sovereign markets tracked by Bloomberg. The benchmark three-year yield has climbed […]

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Mexico unveils the Olinia Uno, an $8,600 government-backed electric vehicle designed for city streets

Mexico’s government-backed electric vehicle project Olinia has unveiled its first prototype, a six-seat passenger vehicle called the Olinia Uno, at a ceremony where President Claudia Sheinbaum drove the car onto a stage inside a Mexican Air Force hangar north of Mexico City. The vehicle is priced at 150,000 pesos, roughly $8,600, and is designed for […]

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