
HMRC Awards £175M AI Contract to British Firm Quantexa for Fraud Detection
UK tax authority HMRC has awarded a £175 million contract to British tech company Quantexa to use AI for detecting fraud and tax return errors.

UK tax authority HMRC has awarded a £175 million contract to British tech company Quantexa to use AI for detecting fraud and tax return errors.

A lawsuit alleges ChatGPT provided guidance to a shooter in an April 2025 Florida State University attack that killed two people.

Meta CEO Mark Zuckerberg announced a new encrypted AI chat mode that claims to be the first major AI product not storing user conversations on servers.

Waymo issued a voluntary recall after an empty autonomous vehicle entered a flooded road in San Antonio in April.

Alphabet's stock has rallied 160% in the past year, driven by the company's comprehensive AI capabilities across its technology stack.

Several artificial intelligence companies secured significant funding and partnerships while tech stocks experienced notable gains this week.

Entrepreneur Anil Kochhar surprised textile college graduates by offering to pay their final-year student loans during commencement speech.

Republican lawmakers are scrutinizing Sam Altman's business activities as OpenAI prepares for a potential public offering.

AI startup Perceptron released its Mk1 video analysis model, claiming superior performance at significantly lower costs than offerings from OpenAI, Google, and Anthropic.

Thousands of web applications built using AI-powered development platforms have inadvertently exposed corporate and personal data on the open internet.

Elon Musk contacted OpenAI executives seeking a settlement just two days before a scheduled trial was set to begin, according to court documents.

SpaceX will rent data center capacity to AI company Anthropic in Memphis, marking an unusual partnership between the space company and AI firm.

AI chip company Cerebras Systems increased its initial public offering price range due to investor demand, according to sources.

Samsung Electronics joined an elite group of companies with market capitalizations exceeding $1 trillion as AI-focused technology stocks continued their surge.
AMD and Arm reported strong earnings driven by AI demand while DoorDash saw revenue growth but profit decline amid increased costs.
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