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Kuaishou spins off Kling AI with $3B raise from Tencent and Alibaba

Pandaily reports that Chinese short-video giant Kuaishou is spinning off its Kling AI video generation unit into an independent company and backing it with a funding round of up to $3 billion. Tencent, Alibaba and Baidu are named as key investors, and the new entity reportedly faces a mandatory IPO deadline in 2031.

Pandaily3h ago
News

OpenAI Codex study finds agents overtaking chat in real work

Quasa.io reports on a new OpenAI economic research paper, “The Shift to Agentic AI: Evidence from Codex,” which analyzes millions of Codex usage records. The study finds that by mid‑2026, 99.8% of internal OpenAI employee output tokens and over 60% of organisational tokens flowed through Codex agents rather than chat interfaces, with median employee token output rising 10–50x since late 2025.

Quasa.io3h ago
News

OpenAI Stargate UK hype unravels as £30bn AI plan stalls

The Guardian reports that OpenAI never met local authorities at Cobalt Park, a flagship site for its paused Stargate UK data centre project, despite UK government claims of up to £30bn in incoming AI investment. Freedom of information responses suggest £20bn of the touted investment was purely hypothetical, raising questions over the substance of the deal and Britain’s AI industrial strategy.

The Guardian5h ago
News

Chandigarh University launches 17 AI-era degrees at new UP campus

Chandigarh University Uttar Pradesh announced 17 new undergraduate and postgraduate programmes across engineering, computing, management and other fields for the 2026 academic year. Branded as India’s first “AI-augmented” multidisciplinary campus, the university says all programmes embed AI, automation, robotics and data-driven skills to align graduates with emerging technology jobs.

PR Newswire India8h ago
News

Europe finance chiefs warn agentic AI could rattle markets

Singapore’s Lianhe Zaobao reports that senior European regulators warn financial supervision is struggling to keep pace with rapid advances in artificial intelligence, especially agentic AI. Officials from the UK Financial Conduct Authority and European Central Bank highlighted at recent events that AI agents in trading could amplify volatility and may require new safeguards akin to circuit breakers.

Lianhe Zaobao8h ago
News

AI-written fiction debate shows language reshaped by chatbots

A Guardian feature explores how large language models are changing both machine and human writing, asking whether readers can reliably distinguish AI-generated prose from human work. Linguists and novelists describe tell-tale patterns in LLM output, the spread of “AI-sounding” words like “delve”, and growing paranoia in publishing as accusations of undisclosed AI use mount.

The Guardian9h ago
News

Apple showcases new ML research and agents at ICML 2026

On July 4, 2026 Apple’s Machine Learning Research group published its ICML 2026 schedule, detailing talks, posters and demos in Seoul from July 6–11. The lineup includes work on video tokenization, diffusion language models, memory-augmented transformers, preference optimization, and local agentic coding tools built on Apple’s MLX stack.

Apple Machine Learning Research11h ago
News

Microsoft launches $2.5B Frontier Company for enterprise AI

On July 2, 2026 Microsoft announced Microsoft Frontier Company, a new operating business that will invest $2.5 billion and deploy around 6,000 engineers and industry experts to embed AI systems inside large enterprises. Spanish outlet CincoDías and Chinese tech site 36Kr reported the initiative in detail on July 4, 2026.

CincoDías13h ago