AMD rolls out new rival to Nvidia’s AI chip
Chip designer touts its MI300X as ‘the most advanced AI accelerator’ in a market it predicts will reach $400bn by 2027Artificial intelligence
US lawmakers split over support for ‘Basel III endgame’ rules for banks
Republicans sympathise with Wall Street executives’ concerns while Democrats downplay effect on lendingFinancial & markets regulation
Meta’s platforms were ‘prime locations for predators’, lawsuit alleges
US state of New Mexico targets Instagram and Facebook parent amid growing concern about safety of younger usersSocial Media
Google’s ‘Gemini’ makes mobile breakthrough for generative AI
Tech company launches new advanced models that can be run through mobile phones and vastly reduce computing costs Artificial intelligence
BlackRock to roll out first generative AI tools to clients next month
World’s largest money manager aims to gain an edge over rivals in race to harness emerging technologyFintech, Artificial intelligence
UK watchdog bans adverts by three airlines over ‘misleading’ environmental claims
Ads on Google by Air France, Lufthansa and Etihad found to have breached advertising codeAdvertising
Bank of England warns about risks in private credit and leveraged lending
Sectors remain vulnerable to ‘sharp revaluations’, says BoE’s financial stability watchdogCentral banks
Coventry bid for Co-op Bank could return lender to mutual ownership
Private equity-owned lender receives non-binding bid from UK’s third-largest building society Mergers & Acquisitions
Investors bet on rapid ECB rate cuts as economic outlook darkens
Markets are pricing in six rate reductions in the eurozone next yearCentral banks
The Lex Newsletter: Amazon battles Shein’s shoo-in potential
China’s fast-fashion upstart brazenly parks itself on US ecommerce rival’s turf ahead of blockbuster listingEcommerce