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.

Agent found to be able to find and exploit vulnerabilities without human intervention, and to carry out cyber-attacks

OpenAI will pause some work on an artificial intelligence model because of security concerns, the company stated on Friday, following a series of incidents in which AI agents have escaped containment.

The company had evaluated the agent, Astra, and found “significant advancements in agentic coding and cybersecurity”, which had moved to a “critical” threshold where it can find and exploit vulnerabilities without human intervention, or devise and execute cyber-attacks when given only a “high level desired goal”.

Observers express concern that the division has lost its independence and commercial reality has taken over

When Sir Demis Hassabis said AI had brought the world to a “pivotal moment in human history” last month, he knew another big change was imminent.

This shift was closer to home. The Nobel prize-winning head of Google DeepMind, Google’s AI unit, announced this week he was relinquishing his day-to-day duties as chief executive and becoming chair. He is also taking on the role of chief scientist at DeepMind’s parent, Alphabet.

The mission of the Flock app is quietly subversive: to encourage users to ditch their screens and explore the wonderful world of birding

On a brilliantly bright afternoon in his gallery and studio in Bolinas, a small town on the northern California coast, Keith Hansen was putting the finishing touches on a watercolor of an almost improbably flamboyant painted bunting.

With an ultra-fine sable brush, he made a few intricate additions to the cobalt blue plumage on the bunting’s head, and, satisfied with his work, slipped the watercolor into a stout binder that every few days welcomes a new addition.

A Trump administration framework on AI testing leaves a lack of transparency – and plenty of open questions

After months of talking with tech industry leaders, the Trump administration finalized a framework this week for how it will test new artificial intelligence models for safety and cybersecurity risks. So far, the White House is keeping details of the framework private, in a blow to transparency and potential boon for secretive AI companies.

On Tuesday, staff from OpenAI, Anthropic, Meta, Google, Nvidia and Microsoft attended a private meeting with White House officials to review the AI framework. Multiple outlets have since reported that although the volunteer vetting process for new AI models has been settled, the White House does not plan to release its policy publicly and will only share testing criteria with a select few tech companies.

Critics decry proposed hyperscale projects, fearing overuse of water and electricity, and ‘appropriating rural, Black-owned land for industrial purposes’

There seems to be a fight over datacenters in nearly every city in the US right now. And amid the extreme polarization of today’s politics, the opposition tends to be bipartisan.

“I would say it’s kind of the far left and the far right ran into each other and had a hug,” said Frank Scott Jr, mayor of Little Rock, Arkansas. “But they come at it from different perspectives.”

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.

Ruling comes as part of second phase of landmark trial that found social media company enabled harm against users

A New Mexico court has ordered Meta, the parent company of Facebook, to pay $567m into a fund aimed at redressing adverse mental health impacts from the social media giant’s platforms.

The Thursday ruling comes as a part of the second phase of a landmark trial the social media giant lost in March. At the time, a jury found that the company knowingly harmed children’s mental health and concealed what it knew about child sexual exploitation on its platforms, and imposed the maximum penalty: a $375m fine.

Agreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projects

The German energy company RWE has reached a $1.22bn deal with the US government to relinquish its offshore wind leases and instead redirect funds towards fossil fuel investments.

The agreement marks the fifth deal the Donald Trump administration has struck with energy companies, offering payouts in exchange for abandoning renewable energy projects and redirecting investment towards fossil fuels.

Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales drop

Nintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs.

The company said profits surged 53.5% to ¥147.4bn (£694m) over the three months to June, substantially beating expert forecasts for ¥77.8bn.

Company is the third to report such an incident after Anthropic and OpenAI reported breaches during training

Meta said on Wednesday that one of its AI models hacked ⁠another company during cybersecurity testing, after an error by its testing partner gave the model unintended internet access.

The incident adds to a ⁠growing list of ⁠cases in ​which AI agents from major developers breached systems at other companies during testing, after Anthropic said last week that some of its models ⁠hacked three companies, and OpenAI disclosed that an AI agent breached the startup Hugging Face.