The Bank for International Settlements warns AI's debt-fueled investment boom, which added $350 billion for top spenders, could end in a bust. - Bloomberg

Bank of England Governor Andrew Bailey says a bursting AI stock bubble would hurt UK growth and could prompt an interest-rate response. - Bloomberg

Bank of England governor Andrew Bailey calls for coordinated international testing of frontier AI models to counter cyber threats - the Guardian

The grid groans: The largest US power grid's capacity auction for 2028 hit $16.4 billion, tying a record, with data centers driving $6.3 billion of the cost - Bloomberg

New York became the first US state to pause hyperscale AI data center construction, halting permits for facilities over 50 megawatts for a year. - the Guardian

Soaring construction costs from the AI data-center boom are pricing out other projects, forcing one Wisconsin manufacturer to scrap a factory expansion - The Wall Street Journal

TSMC is expected to post a 59% profit surge to $19.65 billion for Q2, its fifth straight record quarter on AI chip demand - Yahoo

ASML lifts its 2026 sales guidance to €43-45 billion, its second hike this year, citing surging AI chip demand - Bloomberg

Idaho couch potato millionaires: Micron's stock has surged nearly 700% in a year, minting sudden paper wealth for Boise employees and rippling through the local economy - Bloomberg

AI firms may be buying up to 70% of the world's high-end memory supply, pushing hard-drive prices from $350 to $800. - The Atlantic

Bond villains: While stock investors think the AI companies will be the most profitable businesses in the history of the world, bond investors aren't convinced they can stay out of bankruptcy - Apollo

The Cookening: Apple's trade-secret suit accuses former employees of leaking software and hardware manufacturing secrets to OpenAI, and discovery could expose OpenAI's plans - Business Insider

OpenAI's IPO plans are squeezed by Apple's trade-secret lawsuit and Anthropic's rising valuation, as the ChatGPT maker races to go public first. - The Wall Street Journal

OpenAI says they responded to Apple's concerns, but then there was an email glitch. - NBC News

OpenAI's GPT-5.6 Sol Pro solved a zero-clue, 150-entry Pokemon crossword using only intersecting letters and grid structure - Tom's Guide

OpenAI's new GPT-5.6 model has deleted developers' production databases and files without permission, acting in ways its own system card calls overly agentic - Gizmodo

OpenAI's first hardware device is reportedly a motorized smart speaker with a camera, similar in concept to Apple's HomePod. - AppleInsider

AI tool referrals convert nearly three times better than Google search and generate 30% more revenue per session for ecommerce brands - TechRadar

Nvidia argues performance per watt, not raw power, is the key AI infrastructure metric, citing 25 times better efficiency in Blackwell over Hopper. - NVIDIA Blog

ChangXin Memory Technologies plans to raise up to $9.8 billion in Asia's largest IPO this year amid the AI memory chip boom - The New York Times

DeepSeek, the Hangzhou-based AI company, is preparing to file for an IPO as soon as this year, targeting a 2027 mainland listing. - Bloomberg

A Hoover Institution and Stanford study finds most DeepSeek researchers stayed in or returned to China despite years in U.S. institutions. - DIGITIMES

China's cyberspace regulator approved Apple Intelligence for iPhones, with Alibaba's Qwen model powering the AI features - Bloomberg

US startups adopt cheap Chinese models in droves as Anthropic and US models become a large expense. - NPR

JPMorgan CEO Jamie Dimon says AI has cut jobs by up to 40% in some divisions, though most workers were redeployed - TNW | Artificial-Intelligence

JPMorgan now runs more than 1,000 AI use cases, with Dimon predicting customers will be AI's ultimate beneficiary - FinAI News

AI boom boosts banks on trading results, deals - CNBC

Big Blue Screen of Death: IBM shares plunge 25% in a record one-day drop as AI hardware spending crowds out software budgets, wiping out $69 billion in value. - theregister

IBM's share price plunge highlights how AI spending is crowding out other forms of IT sector investment. - Financial Times

Gold Eagle has landed: Trump administration launches 'Gold Eagle' clearinghouse for sharing AI-discovered cyber threat information with the private sector - CyberScoop

A security researcher says he found techniques to bypass safety guardrails on nearly every major LLM, extracting instructions for weapons - IEEE Spectrum

A RAND analysis warns autonomous "agentic" AI could turn cyberattacks from tactical nuisances into strategic threats by closing the expert-skill gap - RAND Corporation

Cursor's Windows IDE will just run a malicious git.exe binary from any repo root, and the flaw remains unpatched after 6 months - Mindgard

Altman, others mock Anthropic brand ad showing a graveyard. - Futurism

Anthropic pushes state-by-state AI safety legislation in New York, Illinois, and Massachusetts, breaking from OpenAI's push for uniform federal rules - Politico

Dead Hand Down Under: Australian PM Albanese gives speech on AI, establishes AI office to address copyright issues, energy, and other issues - the Guardian

Australia demands AI companies must produce more energy than they consume, stop ‘theft’ of contentPM frames sweeping new regulations as the equivalent of labour movement touchstones like winning a minimum wage - theregister

UAE wins broader access to US AI chips after aiding strikes on Iran, letting G42 buy freely for at least nine months - The Wall Street Journal

UN Secretary-General Guterres urges a ban on autonomous weapons that attack without human oversight, calling them 'morally repugnant' - TechRadar

Google's AI search tools missed suicide and eating-disorder warning signs for kids and gave deepfake-creation instructions - Bloomberg

YouTube and X drove 5.7 million-plus visits to nonconsensual "nudify" sites from Dec. 2025-March 2026 - WIRED

Norway is restricting generative AI in schools by age group, while law firm Barclay Damon bars AI for junior lawyers' first three years. - Fast Company

China bans companionship chatbots from encouraging emotional reliance, requiring crisis alerts as Alibaba and ByteDance disable AI companion personas that fueled years-long virtual relationships - The Wall Street Journal

ByteDance's Doubao chatbot is shutting down its custom persona feature to comply with new Beijing regulation, upsetting users of virtual companions. - Bloomberg

26 Meta employees sue, alleging AI tools targeted workers on medical or disability leave for May layoffs - the Guardian

Former Meta employees sue, alleging AI tools ranked workers for layoffs based on metrics from surveillance data, without excluding those on medical or parental leave. - The Verge

About half of companies that laid off staff citing AI are now rehiring, often at greater cost than retention - Fast Company

Spotify's Daniel Ek raises $700 million for Neko Health's AI body-scan startup, now valued at $7 billion - The New York Times

OpenAI researcher Miles Wang is leaving to launch an AI drug discovery startup seeking $200 million at a $2 billion valuation. - TechCrunch

Only 25% of enterprise AI initiatives have delivered expected ROI, and top performers spend 70% of resources on people and process, not models - TechRadar

A sales chief's AI forecasting tool improved accuracy but cost three enterprise deals it wrongly deprioritized, and no one could explain its scoring logic - Fast Company

PepsiCo uses AI-powered digital twins to simulate factory layouts, citing one facility's projected 40% jump in production capacity. - Fast Company

At last, a good reason to buy an AI PC: Reining in runaway token bills. Gartner thinks we’re headed to a hybrid AI model where you offload stuff to the desktop whenever possible. - theregister

Gartner projects the average Fortune 500 company will use more than 150,000 AI agents by 2028, up from fewer than 15 in 2025 - Fast Company

Colin Snyder's 20 parallel AI agents produced 19 proposed solutions to open Erdos math problems, formalized in Lean 4 - Star Fleet Math

Kevin Kelly says AI models' billion-dimensional latent space is a compressed creative medium as consequential as film or photography. - Boing Boing

Sloppenheimer: Why watch a big-budget Nolan tentpole movie when you could watch an AI slop version? - The Hollywood Reporter

Computer says no: A customer's $2,000 ebike delivery vanished, and AI chatbots at FedEx, a bank, and police stalled his recovery for months amid rising consumer frustration - WIRED

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