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The Latest Breaking News from Artificial Intelligence

South Korea's AI tax windfall a 'golden window' for investment: Lee

South Korea will use a tax revenue windfall from artificial intelligence chipmakers as a strategic source of investment, President Lee Jae Myung said Monday, describing a "golden window" of opportunity. "These revenues are a valuable national resource that should be invested during the golden window when the global race for…

The Economic Times

TSMC posts record revenue in second quarter on AI demand

Revenue in the second quarter rose 36% from a year earlier to a record high on surging interest in artificial intelligence applications. On its last earnings call in April, the company predicted second-quarter revenue of between $39 billion and $40.2 billion. Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier…

The Economic Times

Global Market: SK Hynix warns of historic memory chip shortage by 2027 as AI demand soars

SK Hynix anticipates a severe global memory chip shortage extending beyond 2030. Accelerating artificial intelligence infrastructure demand fuels this projected supply constraint. The company is exploring new fabrication facilities in regions like the United States. South Korea plans significant domestic memory chip production expansion over five years. Record profits highlight…

The Economic Times

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US Stock Market: Inflation gathers pace as tariffs, energy costs and AI investment lift price pressures, says Fed

U.S. inflation accelerated during spring due to tariffs and rising energy costs. The Federal Reserve's report shows inflation remains significantly above its target. The labor market has largely stabilized, with demand and supply broadly in balance. Economic growth was moderate, supported by artificial intelligence infrastructure investment. Policymakers remain divided on…

The Economic Times

Evolution or revolution: Assessing the global challenges of modern warfare

The rapid pace of technological advances in drone warfare, increasingly driven by artificial intelligence in Ukraine and elsewhere, has fundamentally changed the nature of conflict. But just how radical is that transformation: is it an evolution or a revolution in warfare?

France 24

Deep Skepticism About AI Companies Is The National Mood: US Respondents Favor Strict Federal Oversight

An overwhelming 81% respondens of a survey said the government should have the authority to block the release of a risky AI system. The survey by Verasight, a non partisan research firm, also indicates the public demand for strict federal oversight of AI firms as tech layoffs amid higher corporate…

International Business Times

Consumer Tech News (July 6-10): Micron Plans $250B US Expansion, Apple Signs $30B Broadcom Deal & More

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Benzinga

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Tata Consultancy Services plans up to 8,900 AI deployment engineers, seeks AI acquisitions

Tata Consultancy Services is building a large team of forward-deployed engineers. The company is also actively seeking artificial intelligence acquisitions. This strategy aims to create new business opportunities rather than disrupt outsourcing. TCS believes deep client knowledge is key to integrating and deploying AI systems. The firm is investing significantly…

The Economic Times

Marc Andreessen Says AI Is 'Already a Better Doctor Than 99.99% of Human Doctors'

Venture capitalist Marc Andreessen reignited the debate over artificial intelligence in healthcare after praising a new OpenAI finding suggesting physicians identified fewer flaws in GPT-5.6’s medical responses than in responses written by doctors.

Benzinga

'What's left is you': AI is the elephant in the room of Europe's biggest animation festival

The Annecy animation festival in France is widely recognised as the industry's biggest event in Europe, where deals and careers are made and films are bought and sold. This year, however talk on and away from the market floor was dominated by artificial intelligence and the winds of change.

Euronews

Nearly 60% of foreign inflows into India-focused funds withdrawn since 2024 peak: Report

Foreign investors have withdrawn nearly sixty percent of funds from India-focused equity. This capital shift is driven by global artificial intelligence investment opportunities and momentum. Investors pulled nine billion dollars from India funds in calendar year twenty twenty six. Gold funds saw a modest inflow after significant outflows, while US…

The Economic Times

India set to play larger role in building global fintech infrastructure, says Payoneer

India's position as the world's third-largest fintech ecosystem is now translating into a larger platform-building role. Global financial technology companies are increasingly turning to the country for product engineering, artificial intelligence and cross-border infrastructure. The country's fintech sector is estimated at USD 111 billion and is projected to reach USD…

The Economic Times

AIADMK chief Edappadi K Palaniswami seeks greater, more effective role for party's IT wing

AIADMK chief Edappadi K Palaniswami urged the party's IT wing to adopt advanced technology. He stressed the need for members to adapt to digital developments and enhance their online presence. This directive follows a perceived generation gap in social media handling compared to rivals. The party aims to leverage Artificial…

The Economic Times

Altera returns to growth as AI, robotics fuel demand, CEO says

Altera, a chip maker spun from Intel, is experiencing significant annual growth. The company anticipates strong performance driven by artificial intelligence and robotics applications. Altera is also preparing for a potential public listing in the near future. They have reduced reliance on Intel and are using advanced memory technology. This…

The Economic Times

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The Economic Times

Music industry launches AI-generated content labels

Music organisations have introduced a voluntary labeling system for AI-generated content. This system aims to inform listeners about the use of artificial intelligence in music. Two labels will distinguish between fully AI-generated and AI-assisted recordings. Streaming services are closely monitoring this development for enhanced transparency. The proposed labels seek broad…

The Guardian - US

Apple sues OpenAI, alleging artificial intelligence company stole trade secrets

Suit claims OpenAI poached Apple workers, coaxing them to share confidential material in bid to create hardware

The Independent UK

Apple files lawsuit accusing ChatGPT maker OpenAI of stealing trade secrets

Apple on Friday accused OpenAI of stealing trade secrets as it seeks to build its own hardware for ChatGPT, a major rupture in a partnership between the iPhone maker and the artificial intelligence company

International Business Times

Trump Appointed Kevin Warsh as the Federal Reserve Chairman. Now He's Assembling an AI Taskforce

Federal Reserve Chairman Kevin Warsh has assembled a new artificial intelligence task force whose members believe that AI has the potential to reshape the U.S. economy in ways that could benefit government and industry.

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The Free Financial Advisor

Deepfakes and Fake AI ‘Breakthroughs’: The Investment Scams the SEC Is Now Targeting

Artificial intelligence has created some incredible tools, but it has also created a shiny new playground for scammers wearing digital disguises. Fake videos, cloned voices, and flashy claims about “revolutionary” AI companies are becoming part of a new generation of investment tricks designed to make money disappear faster than a…

Caixin Global

The Week Ahead (July 13-19): Fed Chair Warsh to Testify Before Congress

ByteDance and Alibaba to take their personalized AI agent features offline; Shanghai to host the 2026 World Artificial Intelligence Conference

International Business Times

Wall Street's AI Trade Is Starting To Shift As Chip Stocks Lose Momentum. Software Shares Are Regaining Ground

One of Wall Street's most popular technology trades is beginning to reverse as investors move back into software companies after months of heavy selling while taking profits in semiconductor stocks that have led the artificial intelligence rally this year.

The Independent UK

SK Hynix hits the U.S. stock market as demand for memory chips soars amid AI frenzy

SK Hynix, one of the world’s largest makers of memory chips, is hitting the U.S. stock market at a time when demand for its chips is far outpacing its ability to make them thanks to the frenzy over artificial intelligence

Benzinga

Howard Lutnick Tells Samsung and SK Hynix They Have 'No Choice' but to Build US AI Memory Fabs— and Micron's CEO May Not Be Happy

In a direct push to secure America’s artificial intelligence hardware pipeline, U.S. Commerce Secretary Howard Lutnick has publicly pressured South Korean semiconductor giants Samsung Electronics and SK Hynix Inc. (NASDAQ:SKHY) to construct local AI memory fabs.

International Business Times

AI Companies Are Spending Millions To Shape Elections. Now The Biggest Fight Is Over Who Writes The Rules For AI.

Washington is facing growing pressure to establish nationwide AI rules amid rising concerns over national security, misinformation, and the technology's rapid adoption.

France 24

Brazil: Sao Paulo's AI surveillance system accused of racial profiling

Under the guise of fighting crime, Sao Paulo has rolled out the world's largest facial recognition system operated by a city. India, China, Hong Kong and the United Kingdom have introduced similar technologies under vague legal frameworks. But no city has embraced surveillance on the same scale as Sao Paulo,…

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