The Bank for International Settlements warned on Sunday that an AI investment bust could hit credit markets with disruption comparable to the 2008 financial crisis. In its annual report, the Basel-based institution listed AI-led risks alongside inflation and fiscal stress as “pressure points” that “demand attention.” “Disappointment in returns could trigger a sudden pullback in […]

North America has more than 280,000 independent auto repair shops. Most run on workflows a 1990s small business owner would recognise: phone-based scheduling, paper repair orders, manual parts ordering. The global auto repair software market is projected to grow from $3.4 billion in 2026 to $8.6 billion by 2033, a 14.2% CAGR, according to Persistence […]

Google has placed limits on Meta’s use of its Gemini AI models because it cannot provide as much computing capacity as the social media company wanted, the Financial Times reported on Sunday. The restrictions have affected several Google clients, with Meta hit particularly hard. The move has had a knock-on effect on Meta’s internal projects. […]

India’s Unified Payment Interface has grown to over 750 million daily transactions, and the head of the body that oversees it says AI will be central to reaching a billion. Dilip Asbe, MD and CEO of the National Payments Corporation of India, told TechCrunch at Mumbai Tech Week that AI could drive the next half […]

Instagram head Adam Mosseri previewed new ways to surface Your Algorithm, the feature that lets users specify which topics they want to see more or less of. In an Instagram post this week, Mosseri said the goal is to evolve the tool “from a setting to something that feels central to your experience on Instagram.” […]