The Next Web (1 hour ago)
Handing an AI agent the passwords to your financial life is “totally insane”, says Alex Stamos. He is Meta’s former chief security officer. Stamos made the remarks on a recent episode of Alex Kantrowitz’s Big Technology Podcast, Natalie Musumeci reported for Business Insider.
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South Korea will spend 21.3 trillion won (about $16 billion) on AI, chips and AI data centres next year. President Lee Jae Myung set out the plan in his budget speech to the National Assembly on Monday.
Just 1% of chips promised to major Chinese companies to power their AI ambitions will be delivered, according to reports.
Google Search AI Mode has hit a major technical glitch as users worldwide face “no response available” and “content wasn’t generated” errors.
New study finds AI users are working longer hours - despite promises of improved productivity.
Search queries are growing at their fastest rate in five years, Google parent Alphabet said in its earnings report last week. However, Google’s Search revenue growth slowed to 12 percent year over year in the third quarter, down from roughly 17 percent in the previous quarter.
Agentic AI is driving a telemetry explosion that could overwhelm budgets and infrastructure.
Saudi Aramco’s adjusted net income rose to $31.2 billion in the third quarter, from $28.6 billion a year earlier. The state oil company reported the figures in its results on Tuesday. Its report also highlights a new 49% stake in HUMAIN, Saudi Arabia’s state-backed AI company.
EloElo Group, the Bengaluru company behind the Indian microdrama app Story TV, has raised $80 million in a Series C round. Hornbill Capital and NBCUniversal co-led it, the company said in a statement.
Emirates SkyCargo has a new product for companies building out artificial intelligence. AI Tech is designed to move critical and sensitive AI infrastructure safely and on time, the cargo arm of Emirates said in a press release.
Bitcoin briefly fell to its lowest level in six weeks on Wednesday after Democrats won control of both the US Senate and House of Representatives in the midterm elections. The result could complicate the crypto industry’s push for faster deregulation, Reuters reported.
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