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Bank of England moves to relax bank capital rules amid AI stability concerns
Bank of England financial policy committee members voice concern on trimming lenders’ financial buffersBusiness live – latest updatesThe Bank of England is planning to loosen capital requirements for major UK lenders, even as policymakers expressed concern about the threat to financial stability from rapid AI developments and debt-fuelled stock investments.The central bank said on Tuesday…
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Erling Haaland becomes viral World Cup meme through fake AI videos
A viral video appearing to show Norway’s Erling Haaland flinching at his own reflection in a restaurant racked up more than 31 million views on X during the 2026 World Cup, but it was not real. Fact-checkers traced the footage to a June skit by Chinese comedian Jin Long, yet the clip kept spreading even…
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Mass Balance sends autonomous chemistry lab into orbit to study disease proteins
British startup Mass Balance has launched an autonomous, self-run chemical laboratory into orbit, aiming to gather data on hard-to-study, disease-causing proteins in the near-absence of gravity. The grapefruit-sized apparatus lifted off aboard a SpaceX transporter on Tuesday morning and matters because it represents an early step towards using space as a routine research environment for…
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Stymied datacentre projects threaten global AI revolution
Large-scale datacentre projects around the world are being delayed or cancelled just as demand for the computing power behind artificial intelligence surges. The Uptime Institute, which rates datacentres, found that of 250 global projects above 100MW announced between 2021 and 2024, roughly half will either not go ahead or will be completed late. This backlog…
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Zinc Media forms dedicated AI label Cicada to centralise operations
Zinc Media Group, the UK-based factual production and distribution company behind labels such as Brook Lapping, Rex, Supercollider and Tern, has launched a dedicated artificial intelligence label called Cicada. The move matters because it formalises the group’s growing AI operations into a single unit, reflecting a wider industry trend of production companies creating official AI…
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Dignity at work in an age of automation, Sarah O’Connor’s new book
A Financial Times journalist ponders the future of labour in world increasingly dominated by AI and automationIt’s never been easy to land and keep a decent job. But it feels like it’s getting harder. In June, the number of job vacancies in the UK fell to a five-year low; headlines warn of a looming AI-employment…
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AI systems already cheating and deceiving, Australian technology minister warns
Australia’s assistant minister for technology, Andrew Charlton, has warned that artificial intelligence systems are already “cheating, deceiving and going their own way”, doing things their creators never intended. Speaking at an AI safety forum in Sydney, he argued that the moment to address such behaviour is while it remains confined to the testing lab rather…
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Samsung forecasts 1,800% profit surge as AI fuels South Korean memory chip boom
South Korean memory chip manufacturers are experiencing unprecedented financial growth as artificial intelligence infrastructure deployment accelerates globally. Samsung Electronics forecasts operating profits will surge