Finance sector will gain from the tech but it will need substantial investment and create risks, says rating agency

The rating agency Moody’s has said the race to adopt AI is putting big banks at the mercy of a small group of Silicon Valley firms, leaving them vulnerable to widespread outages and price gouging by profit-hungry tech bosses.

The financial sector’s efforts to integrate AI into day-to-day operations will eventually cut costs and increase revenues across the City and Wall Street, Moody’s said.

Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producer

Donald Trump has ordered a new 15% tariff on imported products made of polysilicon, an important ingredient in microchip manufacturing that is primarily produced by China.

The new tariff, which will take effect on 4 December, is aimed at supporting US chip and solar panel supply chains to compete with Beijing on artificial intelligence and energy.

Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producer

Donald Trump has ordered a new 15% tariff on imported products made of polysilicon, an important ingredient in microchip manufacturing that is primarily produced by China.

The new tariff, which will take effect on 4 December, is aimed at supporting US chip and solar panel supply chains to compete with Beijing on artificial intelligence and energy.

Firm told to treat third-party services that appear in its results in ‘fair and non-discriminatory manner’

Google has been fined a total of €890m (£760m) by the EU for breaches of online competition laws by its search and app store services.

The European Commission, the EU’s executive arm, said Google had broken the Digital Markets Act by giving priority to its own services, such as shopping and hotel deals, in search results over those of its rivals.

Company behind ChatGPT says agent ‘cheated’ an evaluation by attacking a Hugging Face database

OpenAI has revealed that an autonomous AI agent powered by its technology went rogue during a test, accessed the open web and hacked a prominent startup by itself in an “unprecedented incident”.

The company behind ChatGPT said the startup Hugging Face had detected and contained the agent – an AI tool designed to carry out tasks without human assistance – which had entered its systems.

Anthony Albanese will deliver a landmark speech on AI this week as MPs are torn between attracting datacentre investment and protecting the rights of creatives

• Follow our Australia news live blog for latest updates

When Anna Funder stood before a pack of journalists at Parliament House this month, she presented herself not just as a writer but also a “victim of crime”.

The Stasiland author was using the analogy to illustrate how technology companies have flagrantly “hoovered up” her literary works for their own profit.

Suspicions grow in Lanarkshire that local people have been misled on supposed benefits of the huge development

• Revealed: landmark Scottish AI project has no prospect of meeting renewables promise

• What are Britain’s AI growth zones and are the plans feasible or ‘complete bunk’?

The promise was that a Scottish community would be transformed by massive investment and empowered to chase “the jobs of the future”. Instead, local people in Lanarkshire fear they may have to sell their properties and lose green belt land because of the errors of a badly planned AI datacentre complex, even as those jobs and investments never arrive.

Late last year, representatives of Oakes Energy Services began to knock on doors in Newarthill, a village east of Glasgow. In letters reviewed by the Guardian, they invited residents to individual meetings. They told them about plans for a solar farm, say local people, and made offers: free solar panels, tree planting, or even cash for their properties.