Executives

• AI-related chip stocks are experiencing significant volatility as investors debate the sustainability of AI demand and corporate spending. • Rebellions, a South Korean chip startup backed by industry giants Samsung and SK Hynix, reports that demand for its technology remains "almost unlimited." • This surge in demand suggests that despite market fluctuations, the underlying need for AI hardware continues to grow rapidly.

• Top AI executives, including OpenAI's Sam Altman and Google DeepMind's Demis Hassabis, are meeting with world leaders at the G7 summit in France this Wednesday. • The discussions center on the governance of artificial intelligence and the growing desire among European nations to establish checks on the market dominance of American tech firms. • This effort is supported by a recent Canadian initiative aimed at helping "middle powers" and like-minded countries develop viable alternatives to the current AI giants.

Richard Adam, Zafar Khan and three others are also fined by Financial Reporting CouncilBusiness live – latest updatesFive former executives at the collapsed government contractor Carillion have been bannedby the UK’s accountancy regulator, effectively ending the career of its former finance chief, after they “acted recklessly”.Before Carillion collapsed into compulsory liquidation in January 2018 – one of the biggest corporate failures in UK history – it was a large multinational construction and facilities management services company and employed 43,000 people around the world. Continue reading...

UK representatives from Meta, Roblox and TikTok also tell MPs they believe under-16 ban would be ‘unenforceable’Executives from three social media companies have denied their platforms are inherently addictive to children and young people in a combative appearance before MPs in Westminster.Representatives from Meta, Roblox and TikTok faced robust questioning from the cross-party education select committee about the impact of screen time and social media on children. Continue reading...

• Super Micro Computer shares plunged 28.2% on Friday after US authorities accused a senior executive and two affiliates of conspiring to smuggle advanced Nvidia-based servers to China. • The alleged scheme targeted the export of high-performance computing equipment to China, triggering immediate sharp market reaction and significant shareholder losses. • The charges represent a significant escalation in enforcement actions against technology companies and executives involved in alleged unauthorized export of advanced semiconductor technology.