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AI & Enterprise

Intel, Broadcom CEOs say funding strains could be AI's biggest bottleneck

The CEOs of Intel and Broadcom said funding and the cost of capital could become the biggest constraint on the AI industry, even as demand for computing infrastructure exceeds supply. Speaking at a conference in Singapore, they said increasingly advanced AI models require large sums for data centres, advanced chips and power infrastructure. They said near-term demand remains strong, but long-term growth depends on wider adoption and proven economic returns.

AI & Enterprise

Silicon Valley AI researchers take up smoking to show faith AI will cure cancer, Palantir CTO says

Smoking is emerging as a new form of showing off among some AI researchers, based on claims that it signals belief AI will eventually cure cancer. Palantir Chief Technology Officer Shyam Sankar said some researchers started smoking to demonstrate strong faith in AI. He provided no names or evidence. Sankar also criticised Silicon Valley’s AI boom as mass mental illness and social delusion.

Finance

U.S. financial sector faces growing account verification burden, lack of unified rules a problem

As real-time payments spread in the United States, banks are facing rising pressure to authenticate customers and verify recipient accounts before transfers. While transfers are faster, it is often difficult to reverse transactions when money is sent to the wrong account or fraud occurs. Unlike Britain or the European Union, the United States has no nationwide rule mandating strict recipient verification, leading to differing methods and security levels across institutions.