NewzBits — AI News Aggregator | Summarized & Cited

• SK Hynix has joined the trillion-dollar market cap club driven by surging demand for AI chips, while AI startup Anthropic is approaching a $100 billion valuation. • Major tech firms are restructuring their workforces, with Meta cutting jobs to prioritize AI initiatives and Nvidia reporting a gap in specialized hiring. • Cryptocurrency markets are seeing a recovery, marked by notable gains for both Bitcoin and Ethereum.

• Morgan Stanley has warned that artificial intelligence could trigger significant job losses across European banks in the coming years. • The report indicates that AI may boost productivity by up to 30%, drastically reducing the necessity for large workforces within banking operations. • This shift matters as it threatens traditional operational roles while simultaneously creating a demand for specialized positions in cybersecurity, data analysis, and AI management.

• Participants at EuroDIG 2026 explored whether the European Digital Identity (EUDI) Wallet and a proposed business wallet could serve as foundational infrastructure for an integrated digital single market. • Jaromir Talir of the Czech registry CZ.NIC highlighted how EUDI wallet pilots are addressing long-standing challenges in registrant identification, cybersecurity, and regulatory compliance for domain registries. • Current use cases demonstrated by these pilots include streamlined registrant verification, authentication, and the issuance of proof-of-domain-ownership credentials.

• NVIDIA published material on **agentic AI**, describing systems that use reasoning and planning to solve complex problems and automate workflows. • The company says these systems can turn enterprise data into actionable insights, reinforcing the shift from static chatbots to task-oriented AI. • The development is relevant to U.S. tech buyers because agentic systems are becoming a key enterprise AI category.

• A Dublin Tech Summit panel examined how **GDPR**, rather than the EU AI Act, may govern most AI use cases in practice. • The discussion also highlighted delays to high-risk AI rules and the governance work companies must do now. • The topic matters for U.S. tech firms operating in Europe because compliance requirements can shape product design, data handling, and deployment timelines.

Two 24-hour stoppages by drivers to take place next week as part of action over proposals for four-day weekStrikes by drivers on London Underground next week will go ahead, the RMT union has announced, paving the way for more days of transport disruption.Two 24-hour stoppages are to take place, from 00.01 to 23.59 on Tuesday 2 June and Thursday 4 June, because of differences over a planned four-day week. Continue reading...

Group was unharmed after dangling for almost four hours on ride that malfunctioned at Pleasure Pier in GalvestonEight students were rescued unharmed after dangling for hours at the top of a rollercoaster ride that became stuck in Texas.Pictures and news footage of the incident showed a rollercoaster car stalled at the peak of a huge almost vertical drop on the Iron Shark rollercoaster overlooking the Gulf of Mexico at the Pleasure Pier in Galveston. Continue reading...

Conservation groups warn slashing Darwin Initiative will put species and habitats in jeopardy, and set back efforts to halt decline in natureOne of the UK’s longest-standing funds for global nature protection is being drastically cut back, the Guardian has learned.At least 89 countries will lose eligibility for funding for biodiversity projects under the Darwin Initiative, in a round of cuts that conservationists warned would put species and habitats in jeopardy, and set back global efforts to halt the precipitous decline in nature. Continue reading...

Request follows claims actors linked to Moscow accessed Reform UK leader’s data and leaked information over £5m donationUK politics live – latest updatesLabour has reported the alleged hacking of Nigel Farage’s phone to police and government cybersecurity officials after the Reform UK leader failed to do so himself.The Labour chair, Anna Turley, has asked the Metropolitan police and the National Cyber Security Centre (NCSC) to investigate Farage’s claims that his phone was compromised by actors linked to Russia. Continue reading...

Republicans increasingly avoid doctors and vaccines, widening health gaps with Democrats, researchers sayGrowing Republican mistrust in the healthcare system has widened health disparities between liberals and conservatives, who are more likely to avoid vaccines and the medical system in general, according to a new study.Neil O’Brian, a political science professor at the University of Carolina, Chapel Hill and one of the authors of the study published in Nature Human Behaviour, said that his team saw two phases to the phenomenon. Continue reading...

• Japanese and South Korean stock markets opened higher on Friday, May 29, following record-breaking performance in U.S. indices. • The Nikkei 225 Index surpassed the 66,000-point threshold, reaching an intraday high of 66,036.50 and positioning itself for a new record. • Samsung shares rose over 6% after the company delivered its first batch of 12-layer HBM4E memory chips, while the Kospi neared its own record high.

• India is introducing the new Industrial Production Index (IIP) Series 2026, which shifts the base year to 2022-23 to better reflect the current economic landscape. • The updated index expands its scope to include modern sectors and products such as vaccines, aircraft parts, gas supply, and rare earth minerals. • These changes are designed to provide policymakers with deeper, more accurate insights into trends within the energy and industrial sectors.

• Indian stock markets experienced volatility on Friday, with the Sensex and Nifty 50 indices fluctuating between gains and losses after a marginal opening increase. • Market instability was driven by investor concerns over escalating geopolitical and political tensions within the Middle East. • Sectoral performance was mixed, showing strong buying interest in IT, realty, and media stocks, while metals, FMCG, and financial services faced selling pressure.

• South Korea's Kospi and Japan's Topix indices reached record highs as Asia-Pacific markets rose despite renewed tensions involving Iran. • Other regional markets also saw gains, with Hong Kong's Hang Seng index increasing by 1.1%, while China's CSI 300 remained unchanged. • The rally indicates that investors are currently prioritizing optimism regarding potential ceasefires over geopolitical instability in the Middle East.