Bank of Italy says it is talking to the world’s big AI firms
Bank of Italy says it is talking to the world’s big AI firms

Governor Fabio Panetta used the central bank’s annual assembly to pitch AI as a fix for Italy’s chronic productivity problem, and to say the bank is already engaging the firms building it. Central bankers do not usually go out of their way to say which…

How the Pope’s Magnifica Humanitas offers a template for individuals to meet the AI moment

Pope Leo XIV’s new encyclical on artificial intelligence includes a statement that warrants serious attention from technologists and policymakers: “Technology is never neutral.” Magnifica Humanitas (“Magnificent Humanity”) is a clarion call to all people to act with courage and solidarity as we enter an age already being transformed by artificial intelligence, the greatest change in…

Mystery company accidentally blew $500 million on Claude AI in a single month — failed to put usage limit on licenses for employees

A new report cites an AI consultant claiming a client accidentally spent $500,000,000 on Claude in a single month.

London-based AI lab Inherent emerges from stealth with $50m raise

A London-based AI lab, founded by DeepMind, Microsoft and White House former staff, has come out of stealth, emerging with a $50m raise and a pledge to try to “write the playbook for AI-native science…

Microsoft warns GPU mining malware is being spread to users through SEO poisoning and AI chatbots — cryptojacking campaign targets gamers and high-end PC users with downloads disguised as popular PC utilities

Microsoft has uncovered a GPU-focused cryptojacking campaign that used SEO poisoning and, in some cases, AI chatbot software recommendations to spread malware disguised as popular PC utilities like HWMonitor and CrystalDis…

How to stop holding AI agents back
How to stop holding AI agents back

Developers of agentic AI have been making some big claims. The promise has been of autonomous systems that can do everything, from booking our flights and keeping an eye on competitors in real time to handling entire procurement cycles , all without ne…

As AI spills everywhere with quick answers, research finds that the internet’s soul is dying

A new collaborative study by UC Riverside researchers finds that as more people turn to AI for answers, the internet is losing the emotional depth and human reasoning that made it worth browsing in the first place.

SpaceX has cut its IPO valuation target to $1.8 trillion as marketing begins next week
SpaceX has cut its IPO valuation target to $1.8 trillion as marketing begins next week

SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and inves…

Nvidia has spent $6.5 billion in three months to replace copper with light inside AI data centres
Nvidia has spent $6.5 billion in three months to replace copper with light inside AI data centres

Nvidia has committed at least $6.5 billion to photonics companies since the beginning of March, making it the largest single investor in the technology that many in the industry believe will replace copper wiring as the backbone of AI data centres. The…

Asana buys no-code agent builder Stack AI as it tries to become the operating system for human-agent teams
Asana buys no-code agent builder Stack AI as it tries to become the operating system for human-agent teams

Asana has acquired Stack AI, a no-code platform for building AI agents that operate across enterprise systems like Salesforce, Slack, and Google Workspace. The deal, reported at $75 million, was announced on 28 May after market close, timed to coincide…