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Google parent, Alphabet lost just over $500bn (£374bn) in value on Thursday after it rocked Wall Street with its latest update of the year on its business operations. Google spooked investors so badly that its stock hit a six-month low after it revealed its Artificial intelligence (AI) summaries on search were influence ad revenue. Microsoft and Amazon also updated investors this week, joining Google in plans to spend astronomical sums of cash on an ongoing AI race. But investors seem dismayed at the impact these plans will have on everyone’s ability to continue growing their core businesses. BBC
NatWest has cut 1,000 jobs in the past three months as it faces advances in AI. The bank said on Friday it had cut a total of 1,400 jobs this year, with the majority in the last quarter. The figures do not include the impact of the acquisition of asset manager Evelyn Partners. The job cuts come as NatWest rolls out AI across the bank, including for customers. Its fraud triage agent, called Cora, has dealt with 52,000 credit card customer issues, the bank said without giving a time frame. Telegraph
Samsung announces a new advanced version of its AI-powered sleep apnea detection, and which devices it will appear in November. Sleep apnea detection was first introduced on Galaxy devices in 2024, after Samsung received approval from the FDA in the United States. The tool has been offered as a baseline detection feature so that users suffering from frequent breathing interruptions during sleep can be aware and seek further medical help. Samsung says its new and improved version uses an AI algorithm to analyze breathing disorders hourly (via GSMArena).
Meta Staff discusses deploying a “whispering strategy” for undermine the influential US academic whose work inspired a global social media crackdown, according to court documents. Employees in the parents’ group of Facebook and Instagram tried to discredit Jonathan Haidt, the social psychologist and the author of The Anxious Generation, a book that helped tip the debate about online safety to stricter measures like the under-16 ban in Australia. Minutes of internal meetings contained in a recent legal file in the US show that staff discussed how “the academic community rejects Haidt”. The Guardian
Earlier this month, a report claimed that Huawei is preparing to launch a new sub-brand called Xingmang, which translates to “Starlight” in Chinese. Now a tipster has shared details about the upcoming brand’s first smartphone. According to tipster Digital Chat Station, the first smartphone from the upcoming sub-brand Huawei will have a wide-screen candybar design.
The handset is tipped to sport a 6.39-inch display and is powered by a Kirin 9000-series chipset. The top-end variant is said to offer up to 16GB of RAM and 1TB of storage. GSMArena
A car giant’s plan to significantly improve its manufacturing facility in Solihull has taken a step closer to being realized after planners made a ruling on an environmental impact report. Range Rover announced its first fully electric model last month. In a boost for the region, it was confirmed the Range Rover Electric would be manufactured at Solihull’s Jaguar Land Rover (JLR) site. As part of the plans, around 9,000 staff in Solihull will be upskilling for electrification with a further 1,500 trained across the West Midlands. Birmingham Mail
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