Basque startup Sherpa.ai has raised $18m from US investor Forgepoint for federated-learning AI that trains models without sharing sensitive data.

The FCA’s Sheldon Mills says the UK should review whether general-purpose models like ChatGPT, Claude and Gemini need regulating as they shape money decisions.

ITV will hand its media and entertainment division to Comcast’s Sky for up to £1.6bn, keeping the Bake Off producer and becoming a standalone studio.

UK core-banking firm Thought Machine has passed $100m in revenue and ARR, taken £30m from a bank client, and pushed its stock market listing to 2028.

Unimicron is selling 50 million global depositary shares to raise as much as $1.4bn, riding investor appetite for suppliers tied to the AI chip boom.

Japanese self-driving startup Turing has added AMD Ventures as a backer and moved part of its AI training onto AMD chips to cut costs and shed Nvidia.

UK foreign secretary Yvette Cooper says AI could be the security threat of the decade and warns against waiting for an 'AI Hiroshima' before acting.

Tesla has rolled out its Robotaxi service in part of West Miami, its fifth US city, and is running the cars with no safety monitor on board.

Novartis will pay $1.1bn upfront and up to $400m in milestones for Myricx Bio, a UK firm developing a novel payload for antibody-drug conjugates.

Shanghai Biren is selling HK$7bn (about $892m) of new shares to mass-produce its next GPUs, as US curbs on Nvidia hand China's chipmakers an opening.

The AirPods and iPhone assembler is expected to price its Hong Kong listing at the maximum HK$63.28 a share, raising as much as $3.1bn.

Nvidia's Kyber rack for its 2027 Rubin Ultra chips has slipped to 2028 over a hard-to-build circuit board, SemiAnalysis says, giving rivals an opening.