Goldman Sachs announced the firmwide deployment of its GS AI Assistant in June 2025, a generative artificial intelligence tool already being used by 10,000 employees to summarize complex documents, draft initial content, and perform data analysis. Marco Argenti, Goldman Sachs' Chief Information Officer, stated that this marks an
In March 2023, Amsterdam launched a €4.2 million ethically designed AI system to detect welfare fraud that developers claimed would be one of the world's fairest algorithmic systems, but in May 2025, the city council suspended the program after it was revealed to still discriminate against residents
A large-scale study conducted in the United Kingdom has revealed an alarming trend in children's AI usage, with a significant portion turning to artificial intelligence for emotional support and companionship. The Me, Myself & AI report, published by Internet Matters in June 2025, surveyed 2,000 British children
The EU AI Code of Practice establishes a significant new benchmark for AI safety practices, setting mandatory requirements for models exceeding 10^25 FLOPs. The European Commission released the three chapters of the General Purpose AI Code of Practice on July 10, 2025, as a voluntary tool to help industry
YouTube will begin using machine learning in the coming weeks to estimate the age of US users to automatically apply teen safety measures. The AI will analyse multiple signals, including search habits, categories of videos watched, and account longevity to determine age. The platform's test starting on 13
Elon Musk's xAI company was hit with an environmental lawsuit on 18th June 2025, as the Nevada Clean Air Alliance and Sierra Club environmental groups initiated legal proceedings against the company for operating over 400 MW of gas turbines at its data centre in Clark County, Nevada, without
A federal court in San Francisco has ruled that Meta legally used authors' works to train its AI models. Judge Vince Chhabria's decision determined that the Facebook parent company's practices are protected under the fair use doctrine, though the judge cautioned this doesn't
LEXam, published on the Social Science Research Network (SSRN) platform, is the first comprehensive benchmark specifically measuring legal reasoning abilities of AI models using 340 authentic legal exam questions. Developed by researchers, the testing system covers regulatory frameworks from six different jurisdictions (United States, United Kingdom, France, Germany, India, and
OpenAI CEO Sam Altman warned during his speech at the New York Fintech Conference on July 22, 2025, that the financial sector is battling an unprecedented fraud crisis as advanced AI technologies can accurately mimic customers' voices, bypassing voice-based biometric security systems. According to Altman, financial institutions reported $7.
Elon Musk's xAI launched its latest AI model, Grok 4, on 9 July alongside a premium subscription called SuperGrok Heavy priced at $300 monthly. Musk claimed that Grok 4 exceeds PhD level across all academic subjects, with the model scoring 25.4% on the Humanity's Last
OpenAI officially announced on July 11, 2025, its intention to sign the EU AI Act's Code of Practice for General-Purpose AI, committing the company to standards of safety, transparency, and accountability within the European regulatory framework. The move is significant as OpenAI becomes the first major AI developer
Anthropic has revealed it spent tens of millions of dollars to create a proprietary scanned books dataset used to train its Claude AI system. During legal proceedings in the Bartz v. Anthropic case on 9th June 2025, it emerged that Anthropic compiled a proprietary composition of books that Anthropic sourced,
