The question AI providers hope VPs of Engineering never ask
The question AI providers hope VPs of Engineering never ask

AI coding adoption is exploding. But most engineering leaders are still measuring usage instead of outcomes. That creates a costly blind spot. There is a question that nobody in the AI industry wants you to ask. Not OpenAI. Not Anthropic. Not Google. N…

ASIC joins global regulators monitoring Anthropic’s Mythos AI for banking system risks
ASIC joins global regulators monitoring Anthropic’s Mythos AI for banking system risks

Australia’s markets regulator has publicly confirmed it is watching the development of Anthropic’s Mythos model alongside peer regulators worldwide, adding to a rapidly expanding international regulatory response that began with the Bank of England, th…

Australia’s NEXTDC launches A$2.2 billion capital plan
Australia’s NEXTDC launches A$2.2 billion capital plan

The ASX-listed data centre operator is raising A$1.5 billion in a fully underwritten equity offering and expanding its hybrid securities programme by A$700 million, with La Caisse de dépôt et placement du Québec now committed to a total of A$1.7 billio…

Revolut’s IPO is two years away and it’ll be in the US
Revolut’s IPO is two years away and it’ll be in the US

The CEO of Europe’s most valuable startup gave his clearest IPO timeline yet in a Bloomberg interview, narrowing his December ‘two to three years’ estimate to ‘two years.’ It came as Revolut marked the biggest regulatory milestone in its history and fi…

Google is in talks with Marvell to build custom AI inference chips as it diversifies beyond Broadcom
Google is in talks with Marvell to build custom AI inference chips as it diversifies beyond Broadcom

Summary: Google is in talks with Marvell Technology to develop two new AI chips – a memory processing unit and an inference-optimised TPU – adding a third design partner alongside Broadcom and MediaTek in its custom silicon supply chain. The discussion…

Stanford’s AI Index finds China has nearly closed the performance gap with the US despite spending 23 times less
Stanford’s AI Index finds China has nearly closed the performance gap with the US despite spending 23 times less

In short: Stanford’s 2026 AI Index Report finds the performance gap between the best American and Chinese AI models has collapsed to 2.7%, down from 17.5-31.6 percentage points in May 2023, despite the US spending 23 times more on private AI investment…

Meta targets 20 May for 8,000 layoffs as it redirects billions toward AI infrastructure
Meta targets 20 May for 8,000 layoffs as it redirects billions toward AI infrastructure

In short: Meta will begin companywide layoffs on 20 May, cutting approximately 8,000 employees (10% of its 78,865-person workforce), with additional cuts planned for the second half of 2026. The restructuring, which follows earlier rounds that brought …

Europe is pouring tens of billions of public money into VC. The hard part is making it work
Europe is pouring tens of billions of public money into VC. The hard part is making it work

The European Investment Fund is raising a €15 billion fund of funds called ETCI 2 that aims to unlock up to €80 billion in scaleup funding across Europe. Germany’s WIN initiative is targeting €12 billion by 2030. France’s Tibi programme has pledged €7 …

Nvidia’s Huang warns DeepSeek running on Huawei chips would be ‘horrible’ for the US
Nvidia’s Huang warns DeepSeek running on Huawei chips would be ‘horrible’ for the US

In short: Nvidia CEO Jensen Huang warned on the Dwarkesh Podcast that DeepSeek optimising its AI models for Huawei’s Ascend chips instead of American hardware would be “a horrible outcome” for the United States, as the Chinese AI lab prepares to launch…

Anthropic’s Amodei meets Wiles and Bessent at the White House in first step toward resolving Mythos standoff
Anthropic’s Amodei meets Wiles and Bessent at the White House in first step toward resolving Mythos standoff

In short: Anthropic CEO Dario Amodei met White House Chief of Staff Susie Wiles and Treasury Secretary Scott Bessent on Friday in what the White House called “productive and constructive” talks over access to Mythos, the frontier AI model capable of fi…