OECD Report Maps AI Supervision Gaps in Finance
The OECD published "Supervision of Artificial Intelligence in Finance," analyzing supervisory approaches that support policy objectives while promoting safe AI adoption in financial services . The report highlights the UK FCA's AI Live Test…
NYC and LAUSD bans pull AI from classrooms serving nearly one million students
New York City and Los Angeles Unified have each imposed moratoriums on student-facing generative AI, with NYC's policy covering roughly 600,000 students in pre-K through eighth grade and LAUSD blocking AI tools on district-provided devices…
Broadcom's 221% AI chip surge maps a custom-silicon supply chain around Nvidia
Broadcom's fiscal third quarter confirms that the largest AI spenders are building dedicated chip pipelines at a scale that reshapes the semiconductor supply chain. AI semiconductor revenue rose 221% to $16.7 billion , the company named Ant…
DOJ Backs OpenAI Fair-Use Defense in New York Times Copyright Case
The U.S. Department of Justice filed a statement of interest on Tuesday backing OpenAI's position that training large language models on copyrighted text constitutes fair use under copyright law, marking what Reuters reports is the first ti…
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Meta's Muse Spark 1.3 Matches Frontier Rivals on Coding, but Top Config Stays Gated
Meta released Muse Spark 1.3 on Wednesday, calling it the company's most capable model and claiming it matches or exceeds OpenAI's GPT-5.6 Sol and Anthropic's Claude Fable 5.1 on coding and agentic benchmarks . CEO Mark Zuckerberg described…
Moonshot AI Files Confidentially for Hong Kong IPO at $50B Valuation
Moonshot AI, the Beijing-based developer of the Kimi large language model, has submitted a confidential A1 listing application to the Hong Kong Stock Exchange . The company is simultaneously in talks to raise a pre-IPO funding round at a va…
Google Keeps Ad Exchange as Court Opts for Interoperability Over Divestiture
A federal judge in Virginia rejected the U.S. Department of Justice's bid to force Alphabet's Google to sell its online advertising exchange, AdX, ruling instead that Google must make its ad tech tools work with those operated by rivals .…
ByteDance Secures $29.6B Loan, Asia's Second-Largest USD Borrowing of 2026
ByteDance has secured a $29.6 billion loan, making it Asia's second-largest USD-denominated borrowing this year, behind SoftBank's $40 billion bridge loan signed in March, according to Bloomberg . No details on the loan's intended use were…
Alibaba Cloud Supplies MuleRun, WonderClip to Malaysia Youth AI Program
Alibaba Cloud Intelligence is contributing its MuleRun and WonderClip platforms to Malaysia's AI untuk Rakyat program, making them part of the initiative's inaugural suite of AI applications available to up to 100,000 young Malaysians . Th…
Microsoft Opens Azure Revenue Books, Reports $29.42B Quarter
Microsoft will begin disclosing quarterly Azure revenue in dollar terms for the first time, a reporting change that gives investors and competitors a direct read on the cloud unit at the center of the company's AI infrastructure business .…