The Bank for International Settlements flagged AI capex, circular financing deals, and poorly disclosed asset pledging as systemic risks in its annual report.

California's new budget extends sales tax to prewritten software downloads, expected to raise $900M for the state. A ballot measure would save AI IPO windfalls.

Google placed limits on Meta's use of Gemini AI models after demand exceeded available capacity. Meta told staff to conserve AI tokens, the FT reports.

Jacob Andreou was promoted to EVP of Copilot after one year at Microsoft. He is merging consumer and enterprise teams and building a super app with Autopilot.

Anthropic's Claude Tag launched as an AI teammate inside Slack, but some Salesforce employees worry it competes directly with Slackbot and Agentforce.

AI executives who backed Trump's deregulation agenda now call his ad hoc crackdown worse than anything Biden proposed, Politico reports.