UK AI Minister Kanishka Narayan says AI is set to add £55B to £140B to the economy by 2030, below a £400B estimate from a Google-led report touted by officials
The AI minister now concedes the estimated figure is less than a third of that. Researchers blame the country's slow rate of adoption
Google says it expanded voluntary exit buyouts in June to employees across Canada, France, Germany, Japan, and Switzerland to manage costs amid huge AI spending
Alphabet's Google (GOOGL.O) has expanded employee buyout offers to several countries this year as it looks to rein …
ITjuzi: Chinese embodied AI companies raised ~$13B across 322 deals in H1 2026, up 5x YoY, as Chinese robot makers shift their focus from hardware to AI brains
After years of building humanoid robots capable of running, dancing and performing backflips, Chinese companies are pouring resources into a different challenge …
Industry experts warn that slow US power grid expansion could strangle its AI boom and hand an advantage to China, which can build power infrastructure faster
Why America is struggling to power the AI boom. The US is building electricity lines at a quarter the rate of a decade ago It took 13 years …LinkedIn:Martha MuirLinkedIn:Martha Muir:My latest Big Rea...
Pharmaceutical leaders are skeptical of claims that AI could cure most human diseases within a decade; the US FDA has yet to clear any AI-designed biotech drugs
No drug designed by artificial intelligence has won FDA clearance, and pharma leaders say biology is the obstacle
Revolut says it cut AI coding inference costs by ~90% in less than a year by defaulting to self-hosted GLM models instead of tools like Claude Code and Codex
Revolut says that in less than a year it's managed to slash its AI coding inference costs by roughly 90 percent by making self-hosted models …
Trajectory, which is developing AI model post-training tools for nontechnical customers, raised a $45M Series A led by Sequoia at a $300M valuation
Whether developed by OpenAI, Anthropic, or built on open-source alternatives, current AI models share a critical limitation …
Elon Musk says the cost of serving Grok Bot was “unsustainably high relative to revenue”, in response to subscribers complaining about SpaceX's usage limits
Topline — Elon Musk acknowledged on Sunday that the cost of running SpaceX's AI agent Grok Bot was “unsustainably high” …
South Korean President Lee Jae Myung vows to dedicate ~$16B for AI, chips, physical AI, and data centers in the country's 2027 budget, nearly double 2026's sum
South Korean President Lee Jae Myung vowed on Monday to make bold investments in artificial intelligence to boost …
OpenAI plans a post-midterms policy and PR blitz, pushing mandatory “speed limits” for powerful AI and rebranding its data centers as “AI compute campuses”
Right after Tuesday's midterms, OpenAI will unleash a policy and PR blitz to try to get in sync with the new Washington …