xLight’s $350m bet to break ASML’s chip monopoly

xLight, a US-backed startup chaired by former Intel chief Pat Gelsinger, is raising $350m to build an xLight EUV light source that could loosen ASML’s grip on chipmaking. Days earlier, a Dutch rival [...]

Ferrari replaces its marketing chief one month after the Luce EV reveal wiped billions off its stock

Ferrari is replacing its Chief Marketing and Commercial Officer Enrico Galliera, who has held the role for more than 16 years, with former BMW Italy CEO Massimiliano Di Silvestre. The change takes eff [...]

Meta is dropping Google Chat for Slack because it says agents work better there

Meta is migrating internal communications from Google Chat to Slack because Slack is the strongest platform for AI agents, a memo from AI chief Alexandr Wang says. European governments have spent two [...]

An AI reads an ECG in two seconds and finds what cardiologists cannot

An ECG takes a few seconds to record and costs very little. Researchers at Imperial College London have trained an AI system that can read one in under two seconds and identify signs of heart failure [...]

AI-driven cyber attacks are now the top risk to the financial system, the FSB says

The chair of the Financial Stability Board has told G20 finance ministers that what artificial intelligence does to cyber risk is now the most immediate threat to the global financial system. Andrew B [...]

Anthropic planned a $7bn takeover of chip startup MatX, then walked away

Anthropic got far enough into a plan to buy the AI chip startup MatX to have a number attached to it, roughly $7bn, before the deal stopped moving. Reuters reported the talks on Thursday, citing peo [...]

Pennsylvania sued Snap using an account it opened as a 13-year-old

Pennsylvania has sued Snap over Snapchat. The case rests on a 13-year-old account, opened on a new iPhone by an investigator in the attorney general’s office before the filing. What that account cou [...]

DoorDash gets FAA clearance for in-house drone programme, DoorDash Air

DoorDash has won approval from the Federal Aviation Administration to run its own delivery drones, and promptly made clear that most of your food will still arrive by human. The company unveiled an in [...]

AI agents can browse the web. Now they need a way to pay for it.

For the past two years, the AI industry has focused on making models smarter. Every new release promises better reasoning, longer context windows, or more capable autonomous agents. Increasingly, peop [...]