NewzBits — AI News Aggregator | Summarized & Cited

• Many telecom operators and businesses in emerging markets remain vulnerable to persistent AI-enabled cyber attacks despite increased 5G era cybersecurity vigilance and standard defensive measures. • Recent high-profile incidents including CloudFlare breaches demonstrate that even major infrastructure providers struggle against the evolving threat landscape as AI enables cyber threats to mutate beyond established legacy defenses. • The convergence of limited cybersecurity maturity in emerging markets, critical infrastructure dependencies on digital networks, and rapidly advancing AI attack capabilities creates a compounding vulnerability exposure.

• London-based Recursive Superintelligence, founded in 2025 by former leaders from OpenAI, Google DeepMind, Meta AI, and Uber AI, has raised $650 million at a $4.65 billion valuation in a round led by GV and Greycroft with participation from AMD Ventures and NVIDIA. • The startup's core technology approach focuses on automating the AI research process itself, developing systems capable of improving their own architecture, training methods, and evaluation processes without continuous human oversight. • The company currently operates from San Francisco and London offices with over 25 researchers and engineers, and plans to use fresh funding to secure large-scale compute infrastructure and run its first Level 1 autonomous training system.

• The International Monetary Fund (IMF) issued a May 7, 2026 alert on growing dangers to global financial stability from artificial intelligence, warning that AI is simultaneously empowering both defensive and offensive cyber capabilities. • Advanced AI models now dramatically reduce the time and cost required to uncover and exploit system vulnerabilities, enabling faster and more widespread attacks that could cascade across interconnected financial markets and infrastructure. • Anthropic's Claude Mythos Preview model demonstrated breakthrough autonomous cyber abilities, identifying and exploiting vulnerabilities in major operating systems and browsers even when operated by non-specialists, signaling how rapidly AI is tilting advantage toward attackers.

• South Korea is preparing new measures to counter AI-powered cyberattacks after concerns raised by Anthropic’s Claude Mythos Preview, according to a May 13 cybersecurity roundup. • The reported policy response reflects rising fears that advanced AI tools could lower the barrier for phishing, malware development, and automated intrusion attempts. • The issue matters because South Korea is a highly digitized economy with major exposure across government, telecom, finance, and manufacturing networks.

• Tencent is reported to be joining a $4 billion funding round for Chinese AI startup DeepSeek, which would value the company at about $50 billion and mark its first external financing. • The report says the round would add fresh capital to one of China’s most watched AI model developers, with Tencent and other large investors among the backers. • The deal matters because DeepSeek has become a key rival in China’s fast-moving AI race, and a multibillion-dollar valuation would underline continued investor appetite for frontier-model startups.

• Uber’s India data-centre bet is being framed as part of a broader tech and cost strategy, with the company weighing infrastructure choices as AI-driven risk rises. • The coverage notes that about 90% of advanced AI users are trimming some form of business process outsourcing spend, underscoring how automation is reshaping enterprise budgets. • The development matters for India’s enterprise-tech ecosystem because it links cloud infrastructure demand with the rapid adoption of AI tools and changing outsourcing patterns.

Reputation of Australia’s big supermarkets takes another hit as federal court finds Coles misled shoppers by promoting fake discountsGet our breaking news email, free app or daily news podcastColes’s “Down Down” promotion is one of Australia’s best known campaigns. But the supermarket has been caught red-handed after a federal court judge found Coles misled shoppers by promoting fake discounts.Through its proceedings, Australia’s competition regulator has given consumers an intriguing look-behind-the-curtain moment, exposing how a major supermarket sways shoppers to buy its products. Continue reading...

GDP reading ties in with some surveys suggesting UK plc has kept up momentum despite rising fuel costsThe UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the Middle East conflict has not yet affected growth as much as feared.Figures from the Office for National Statistics (ONS) showed growth of 0.3% in gross domestic product (GDP) in March, from a revised 0.4% rise in February and 0% growth in January. The ONS had originally estimated that the economy grew 0.5% in February and 0.1% in January. Continue reading...

As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousA rise in borrowing costs and warnings to avoid a “Liz Truss moment”. As Keir Starmer faces a potential leadership challenge, the spectre of the bond market looms large.Amid febrile conditions in Westminster, the prospect of Britain switching prime ministers for a sixth time in seven years has fuelled a sharp sell-off in the market for UK government debt. Continue reading...

Member of army squad sent with medics to assist suspected hantavirus patient recounts descent to remote islandThe hardest part of the parachute jump, according to Capt George Lacey, is falling backwards through the air. It is Saturday and Lacey, and his squad of six plus two medics, have just leapt out of an RAF transport, 2,500 metres over the south Atlantic.“The parachute can only go forward so quickly,” he says, meaning that it has to be pulled at precisely the right moment. “So you have to turn into the wind and basically fly backwards, which is a very weird sensation, as you can imagine.” Continue reading...

Reform UK leader records video with Essex pastor to support his battle against council banning orderNigel Farage has been criticised for giving his full support to a Christian church leader who preached that homosexuality was an “abomination” and would lead to eternity in hell.The Reform UK leader recorded a video with Stephen Clayden after Colchester council applied for a banning order to limit his street preaching. Continue reading...

• Wall Street traded mixed on Wednesday morning, with the S&P 500 down 0.1%, Dow Jones Industrial Average dropping 235 points or 0.5% at 9:35 a.m. ET, and Nasdaq up 0.2% amid a technology sector rebound. • Tech stocks like Micron Technology surged 4.3% and Nvidia rose 2.4%, the top gainer on the S&P 500, following a pause in AI-driven momentum; Nvidia CEO Jensen Huang was invited by President Trump to discuss AI chip shipments to China. • A wholesale inflation report showed prices significantly higher than expected last month, following Tuesday's consumer inflation acceleration, driven by rising fuel, transportation, food prices from tariffs, weather, and oil disruptions from the Iran war.

• A Santander US survey for Q1 2026 found nearly 8 in 10 Americans (78%) believe they are on the right track toward financial prosperity, marking a significant improvement in sentiment. • The share of respondents feeling financially insecure dropped to a survey low, indicating resilient consumer confidence amid economic pressures. • This optimism contrasts with recent inflation reports, suggesting households are adapting well to rising costs in fuel and food.

• The ongoing conflict in the Middle East has driven up oil prices, expected to slow US economic growth compared to a no-conflict baseline scenario, according to Deloitte analysis. • Despite pressures from elevated energy costs, US firms are unlikely to materially reduce investment plans due to resilient growth in AI and technology sectors. • Higher oil prices will affect US consumers through increased costs, though broader economic resilience from AI investments may mitigate some impacts.

• Asian markets opened lower but mostly recovered on May 13, with MSCI Asia-Pacific shares outside Japan rebounding to a 0.3% gain after an initial 1% drop, driven by AI optimism offsetting US inflation and stalled US-Iran talks. • Japan's Nikkei 225 rose 0.8% to around 62,774, South Korea's Kospi surged 2.6% to a record 7,708-7,844 after falling 3.2% on Samsung Electronics' failed union pay deal, while Australia's S&P/ASX 200 slipped 0.3% to 8,645. • Brent crude fell 1.4% to $106.32 and US crude to $101.60 amid Middle East tensions, US 10-year Treasury yield eased to 4.459%, and dollar held steady at 98.369 against peers.

• South Korea's Kospi index plummeted as much as 3.2% early on May 13 due to Samsung Electronics failing to reach a pay deal with its union, but rebounded sharply 2.6% to close at a record 7,708-7,844. • The recovery was aided by government efforts to manage the labor situation and broader AI optimism reviving market sentiment despite US inflation data and Iran tensions. • This standout performance contrasted with mixed regional moves, highlighting Korea's volatility amid corporate labor issues and tech sector strength.

• Global hedge funds ramped up investments in Asia, with weekly buying of South Korean, Japanese, and Taiwanese stocks reaching a 10-year high for the week ending May 7, according to a Morgan Stanley report. • The surge, the heaviest in over a decade in notional terms, was driven by clients across all regions and strategies targeting Asia's technology sector amid the AI boom. • Hedge funds' net exposure to Japan, South Korea, and Taiwan has risen to its highest since 2010, now at about 19% of global positioning, focusing on semiconductors and hardware in the AI supply chain.