Bill Winters told investors in Hong Kong that the bank’s HR, risk and compliance functions will shrink by more than 15% over five years, with the headcount efficiency aimed at lifting income-per-employee 20% by 2028. Standard Chartered will cut more than 15% of its back-office roles by 2030, chief executive Bill Winters told investors at […]
The A$410bn pension fund is comparing the disruption to what retail and consumer services have already experienced. ASIC is already monitoring frontier-AI risks across the Australian financial system. AustralianSuper, the country’s largest pension fund with A$410bn ($293bn) under management, has said agentic artificial intelligence could fundamentally reshape how it serves its 3.5 million members, Bloomberg’s […]
The two have formed a joint venture to build a US-based AI compute-as-a-service business on Google’s TPUs, with $5bn of Blackstone equity, $25bn total deal value including leverage, and 500 MW of capacity targeted for 2027. Blackstone and Google have formed a joint venture to build a US-based AI compute-as-a-service business on Google’s tensor processing […]
The Project Glasswing partners can now pass vulnerability findings to other security teams, industry bodies, regulators, open-source maintainers and the press, under responsible-disclosure norms. The defender pool just got wider. Anthropic said on Monday that it is revising its earlier disclosure policy on Mythos, the unreleased cybersecurity-focused AI model deployed under its Project Glasswing controlled-access […]
Chief People Officer Janelle Gale’s Monday memo described ‘smaller teams’ and a ‘flatter’ structure built around new AI groups for agents, apps, and infrastructure. Layoffs are due later this week. The Meta Saga continues with layoffs and “reassigning”. Meta Platforms is reassigning 7,000 workers to new artificial-intelligence-focused jobs as part of a broad corporate restructuring, […]
Amazon has launched a feature that uses artificial intelligence to generate entire podcast episodes on demand. Called Alexa Podcasts, the tool allows users to ask Alexa+ to create a podcast on any topic, and the system will research the subject, produce a structured overview, and deliver it as an audio episode narrated by two […]
Elon Musk has lost his lawsuit against Sam Altman, Greg Brockman, OpenAI, and Microsoft. A nine-person jury in Oakland returned a unanimous verdict on Sunday finding that Musk’s claims had been filed too late under the statute of limitations, ending the most consequential corporate governance trial in the history of artificial intelligence without reaching the […]
Coursera has announced a $500 million share repurchase programme, its first buyback since going public in 2021 and one that arrives exactly one week after the online learning company completed its merger with Udemy. The board approved the programme on Sunday 18 May 2026, funding it from existing cash balances and cash flow from […]
The hackers exfiltrated a codebase that was already open source, then demanded payment to keep it from being released. Grafana said no, and cited the FBI’s standing advice. It is the second high-profile extortion case in seven days. Grafana Labs, the open-source monitoring and visualisation company, disclosed on Monday that hackers had broken into its […]
Pope Leo XIV will personally present his first encyclical, Magnifica Humanitas, on 25 May at the Vatican’s Synod Hall, and one of the speakers alongside him will be Christopher Olah, co-founder of Anthropic. The Vatican announced the details on Monday, confirming that the document will address the protection of human dignity in the age of artificial […]
