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07.11.26 - 11:48
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As AI stocks correct, Goldman Sachs sees opportunity in healthcare & non-AI equities (Times of India)
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US midterm elections could shift market dynamics, prompting investors to adopt more defensive positions in their portfolios. Healthcare is anticipated to benefit from advancements in AI as it sees potential growth. Many traditional defensive sectors, however, appear less attractive due to elevated valuations. Goldman Sachs emphasizes the importance of focusing on companies with strong fundamentals for investment....
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07.11.26 - 11:48
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Three men charged in US with using AI to impersonate CEOs and steal millions (The Guardian)
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Men allegedly impersonated voices and images of executives to convince employees to send large paymentsThree foreign nationals were arrested and charged with using AI to allegedly impersonate corporate CEOs and attorneys to steal over $100m, according to an indictment that was newly unsealed by the US Department of Justice.According to a press release from the United States attorney's office for the southern district of New York, three men – Jacob Soall, Sharon Hazan, and Guy Sheetrit – were arrested for using AI to alter and impersonate the voices and images of executives and attorneys at various companies in order to convince employees to send over large payments. Soall and Hazan were arrested in Spain over the summer, while Sheetrit was arrested in the United Kingdom in September. The alleged fraud took place between 2024 and 2026. Continue reading......
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07.11.26 - 11:42
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The Guardian view on the AI backlash: American voters want a say in their future | Editorial (The Guardian)
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Tech stocks have lost trillions while voters have rejected the industry's political champions. The billionaire-led boom is facing a democratic reckoningThis week's midterms showed that the political bill for the AI boom is falling due. The Democratic sweep intensified fears over runaway spending, mounting debt and resistance to datacentres, sending tech shares tumbling. On Thursday Wall Street suffered its worst day since the pandemic as $3.2tn was wiped from markets. Anthropic, developer of the Claude chatbot, is hoping to float within the next fortnight for $1.5tn (£1.1tn), but it may not now get even a trillion dollars. The dominant AI chipmaker Nvidia saw its value crash by more than $400bn. The world's richest man, Elon Musk, lost $113bn in two days.While a few very rich people may be a little less wealthy, the sell-off may not be a bad thing. It brings a needed dose of reality to an industry whose spending plans and valuations depend on heroic expectations of future profits. That is a view ...
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07.11.26 - 11:31
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Can AI really save you money on your heating bill? I spent two years testing to find out (The Guardian)
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Samuel Gibbs doubted he could cut costs and still keep warm by putting tech in control. The results surprised himCan smart thermostats and AI reduce your heating bills? Every manufacturer claims the answer is yes, quoting average savings in the 25%, or £180 a year range. But all of these promises are heavily caveated and, with energy costs changing regularly, it can be very difficult to tell what is having an impact.To find out if technology can really help, I spent the last two years comparing my miserly manual control and basic heating schedule to an AI-governed system. The results surprised me. Continue reading......
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07.11.26 - 11:31
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Lanarkshire AI datacentre to fully rely on National Grid despite renewables claim (The Guardian)
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DataVita has revised plan for Chapelhall development to be wholly powered by 1GW of renewable energyA datacentre company that said it would power a massive AI development near Glasgow with renewable energy has admitted that the scheme will be entirely served by the National Grid.DataVita, a key plank of the UK's AI strategy, had promised that the Lanarkshire project would draw 1GW – the equivalent output of a small nuclear reactor, or Britain's largest windfarm – from green sources. But when the Guardian raised questions about the pledge, it said the arrangement was “subject to final commercial agreements, planning, grid and consenting processes”. Continue reading......
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