Stock markets are too high and set to fall, says Bank of England deputy It is unusual for a senior figure at the Bank to be so forthright on market movements. Source
White House memo claims mass AI theft by Chinese firms A memo from Michael Kratsios says firms, mainly in China, are wrongfully distilling US AI models. Source
Meta to cut one in 10 jobs after spending billions on AI The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023. Source