The Latest Breaking News on AI

Meta to create non-voting shares to fund AI expansion, retain Zuckerberg’s control

Meta Platforms plans to introduce publicly traded non-voting Class C shares to fund AI investments, acquisitions and employee compensation while preserving Mark Zuckerberg’s voting control. The proposed one-for-one share distribution is expected to begin trading in January 2027.

The Economic Times · 21m ago

AI cloud computing companies face ‘guppy-level death’, Elon Musk warns, as funding dries up – business live

Rolling coverage of the latest economic and financial news

The Guardian - UK · 45m ago

Anthropic sued for ‘using Elvis Presley songs to train AI without permission’

Plaintiffs seeking $150,000 for each song, alongside additional damages that bring total to $48.6m

The Independent UK · 56m ago

Global Market: Japan bond yields edge higher ahead of key central bank meetings

Japanese government bond yields edged higher as investors assessed the monetary-policy outlook ahead of meetings by the Bank of Japan and the US Federal Reserve. Markets expected both central banks to keep rates unchanged while monitoring signals about possible December rate increases, inflation and economic growth.

The Economic Times · 2h ago

Elon Musk’s AI-generated The Odyssey draws ridicule after first seven-minute episode released

Billionaire promised to release version that would be ‘historically accurate and true to art of Homer’

The Independent UK · 2h ago

Fake Jon Bon Jovi Used AI Videos to Scam Woman Out of $10,000 in 10-Month Romance Traced to Nigeria

Leslie Pickett says an AI-powered scammer posing as Jon Bon Jovi took more than $10,000 from her after months of personalised messages, videos and false promises.

International Business Times UK · 2h ago

$7.7 trillion AI bet: Can hyperscalers earn enough to justify the spending?

Six major hyperscalers are projected to spend $7.7 trillion on AI between 2026 and 2030, but generating adequate returns will be a challenge. UBS estimates they need $1 trillion in additional earnings before interest and taxes by 2031. The key questions are whether AI boosts productivity and companies can monetise…

The Economic Times · 2h ago

From Carnegie to Claude: AI wealth could reshape philanthropy

A wave of American wealth created by artificial intelligence companies could produce some of the largest charitable sums since the era of Andrew Carnegie and John D. Rockefeller, raising questions about where the money goes. Nan Ransohoff of payments firm Stripe has described the moment as a "third wave" of…

The Economic Times · 2h ago

US stocks face crucial test as AI earnings, Fed meeting loom

US stocks face a crucial week as earnings from Alphabet, Microsoft and Amazon coincide with the Federal Reserve’s policy decision. Investors will assess whether massive AI investments can deliver sustainable returns, while the Fed’s guidance on interest rates and uncertainty surrounding the November midterm elections could shape market sentiment and…

The Economic Times · 3h ago

Twelve-year-old wins Australian slam competition prize with poem about ChatGPT: ‘It’s totally unnecessary’

Written the day before Sunday’s grand final, Blake Mackenzie’s poem covers brain rot, loneliness and environmental degradation in the age of AI

The Guardian - AU · 3h ago