Gemini Usage Limits Trigger User Frustration After Google Update Google’s latest changes to Gemini usage limits are drawing criticism from users shortly after the company unveiled a major slate of AI announcements during I/O 2026. The update introduces compute-based usage limits for Gemini, marking a significant shift in how access to the AI platform is managed. Previously, many users rarely encountered strict limitations. However, the new system now factors in prompt complexity, chat length, and the type of features being used. As a result, resource-intensive tasks such as video generation, coding prompts, and advanced reasoning requests consume usage allowances more…
Author: Kanika Sharma
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Anthropic Nears First Operating Profit As AI Demand Surges Anthropic is approaching its first quarterly operating profit as strong demand for its Claude AI models drives rapid revenue growth, according to a person familiar with the matter. The San Francisco-based company told investors in recent fundraising materials that revenue for the June quarter could reach at least $10.9 billion. That figure would represent more than double the $4.8 billion generated during the March quarter, the source said. The sharp rise in sales is expected to push Anthropic to a quarterly operating profit of around $559 million. The figures, first reported…
AI Boom Pushes Bond Yields Higher As Neutral Rates Rise The artificial intelligence investment boom and rising borrowing costs may appear contradictory at first glance. However, economists and investors increasingly believe the two trends are closely connected. Beyond the excitement surrounding AI spending, many analysts now argue that a long-term productivity surge is lifting estimates of neutral interest rates even as labour’s share of economic output continues to shrink. Recent bond market volatility has partly reflected the inflationary shock linked to tensions involving Iran and the resulting rise in oil prices. Yet record highs in equity markets during an energy…
HSBC Says AI Will Eliminate And Create Banking Jobs HSBC Chief Executive Georges Elhedery said artificial intelligence would eliminate some jobs while creating new roles across the financial sector, as the bank intensifies efforts to retrain employees for an AI-driven future. Speaking at HSBC’s investor day event on Wednesday, Elhedery said the bank wanted staff to adapt to technological change rather than resist it. “We all know generative AI will destroy certain jobs and will create new jobs,” Elhedery said during the event. HSBC Pushes Workforce Retraining Elhedery stressed that HSBC’s priority was to prepare its workforce for the transition…
Anthropic To Brief Global Regulators On AI Cyber Risks Anthropic is preparing to brief the Financial Stability Board on cyber vulnerabilities in the global financial system identified by its latest artificial intelligence model, according to a report by the Financial Times. The startup behind the Claude chatbot will discuss the capabilities of its new Mythos Preview AI model with finance ministries and central banks linked to the FSB. The discussions follow a request from Andrew Bailey, the report said. Bailey currently chairs the FSB, which coordinates financial regulations and risk oversight for G20 economies. Mythos Model Raises Cybersecurity Concerns Anthropic…
Iran Crypto Flows Through Tron And BNB Chain Raise Questions Over Trump-Linked Venture Billions of dollars linked to Iran’s largest cryptocurrency exchange have flowed through blockchain networks associated with two of the crypto industry’s most influential figures, according to blockchain data reviewed by Reuters. The transactions involve the Tron and BNB Chain networks, created respectively under crypto entrepreneurs Justin Sun and Changpeng Zhao. Both men have also backed World Liberty Financial, the cryptocurrency venture co-founded by U.S. President Donald Trump and his family. According to Reuters’ analysis of blockchain data from analytics firm Arkham, Iran’s Nobitex exchange processed at least…
Pope Leo To Unveil First Encyclical Focused On Artificial Intelligence Pope Leo will formally unveil his first major encyclical on May 25, with the Vatican confirming that the document will focus on the impact of artificial intelligence on humanity, workers’ rights and modern society. The text, titled Magnifica Humanitas (“Magnificent Humanity”), was officially signed by the pontiff on Friday and is expected to become one of the Catholic Church’s most significant statements on artificial intelligence to date. According to the Vatican, the encyclical will address “the protection of the human person in the age of artificial intelligence”. Vatican Signals Strong…
Ford Expands CATL Partnership With Michigan Battery Plant Ford Motor Company is expanding its partnership with Chinese battery manufacturer Contemporary Amperex Technology Co. Limited as construction continues on a three-billion-dollar battery plant in Marshall, Michigan. The facility, which is being built by Ford under a licensing agreement with CATL, will manufacture lithium iron phosphate batteries for the automaker’s next generation of electric vehicles. In addition, the site will also produce larger-scale batteries designed for stationary energy storage applications. Once fully operational, the project is expected to create more than 1,000 jobs and significantly increase economic activity across the Marshall community.…
Spain Pushes Ahead With Tougher AI And Social Media Rules Spain will continue pursuing stricter regulations aimed at making artificial intelligence and social media platforms safer despite strong opposition from the technology industry, Digital Transformation Minister Oscar Lopez said. In an interview with Reuters, Lopez argued that the financial interests of major technology companies should not outweigh the rights and safety of citizens. “The profit of four tech companies cannot come at the expense of the rights of millions,” he said. Spain Defends Stronger Regulation Of AI And Social Media Lopez said “powerful voices” were lobbying against proposed measures designed…
Hong Kong Launches AI+ Strategy To Drive Industrial Transformation Hong Kong will establish a dedicated committee on AI+ and industry development strategy to accelerate industrial transformation through artificial intelligence, Chief Executive John Lee announced on Tuesday. Speaking at the first Hong Kong embodied AI industry summit, Lee said the initiative will initially focus on life and health technology as well as embodied intelligence, reflecting the city’s ambition to strengthen its position in emerging technology sectors. Hong Kong Targets AI-Led Industrial Growth Lee said the new committee will formulate strategies aimed at using artificial intelligence to support industrial upgrading and foster…