Meta Ordered to Pay $375M in New Mexico Child Exploitation Lawsuit

The New Mexico ruling comes as a Los Angeles jury is still debating whether Meta's social media platforms are addictive to children. [...]

The BIS warns an AI bust could hit credit markets as hard as the 2008 financial crisis

The Bank for International Settlements warned on Sunday that an AI investment bust could hit credit markets with disruption comparable to the 2008 financial crisis. In its annual report, the Basel-bas [...]

McKinsey’s new AI report argues the productivity payoff is real but conditional

The firm’s new ‘AI productivity gains and the performance paradox’ report concludes that most current AI applications ‘accelerate existing work’ without redesigning workflows, a finding McKi [...]

EU-Startups Summit returns to Malta in May with 2,500 attendees, and 80+ speakers

The 12th edition of one of Europe’s longest-running startup events takes place on 7–8 May in Valletta. Alongside the usual pitch competition and investor matchmaking, this year’s programme inclu [...]

Stripe seals its OpenRouter deal for a reported $7.5bn or more

Stripe has agreed to buy OpenRouter, the startup whose software helps companies route their spending across hundreds of AI models. The payments firm confirmed the deal on Wednesday, making official an [...]

IMF chief warns advanced AI models like Mythos “can be used to destroy the financial system”

The head of the International Monetary Fund warned on Wednesday that advanced AI models like Anthropic’s Mythos “can be used to destroy the financial system” if they fall into the wrong hands. I [...]

Sachin Bansal’s Navi hires banks for a $315m IPO, four years after his first attempt stalled

Navi, the Indian fintech founded by Flipkart co-founder Sachin Bansal, has hired banks for an initial public offering of about $315m, according to a Bloomberg report. It is the clearest sign yet that [...]

People are threatening to uninstall ChatGPT just to see if it begs

Users are telling ChatGPT they plan to uninstall it and posting its sometimes melodramatic responses on social media. [...]

The Stanford professor behind an FDA-cleared cardiac AI wants $1 billion for his next company

Summary: Stanford professor James Zou is reportedly raising approximately $100 million at a valuation targeting $1 billion for a startup called Human Intelligence that applies AI to research on the hu [...]