Lloyds bets on hallucination-free AI through UnlikelyAI and launches a firm-wide Data & AI Summer School. Global AI governance tightens, with BRICS pushing for controls, the Czech Republic banning DeepSeek, and the U.S. Senate enabling state-level regulation, raising fresh financial reporting and compliance risks. We also look at TSMC’s record AI chip revenues as a signal of sustained demand, and how Microsoft and Amazon are driving efficiency and capability through AI at scale.

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