Sources: South Korean antitrust officials visited Arm's Seoul offices as part of ongoing scrutiny of its licensing practices, following Qualcomm's complaint (Josh Sisco/Bloomberg)

Yann LeCun, a prominent artificial intelligence researcher at Meta Platforms Inc., has announced his departure from the company at the end of 2025. He plans to establish a new startup focused on advancing machine intelligence research, with Meta remaining as a partner in this endeavor.

Elon Musk announced that his artificial intelligence startup, xAI, plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with the state-backed AI startup Humain. The data center will utilize Nvidia chips, marking a significant investment in the region's AI infrastructure.

Alphabet Inc. shares increased by as much as 6.9% on Wednesday, marking the largest gain since early September. This surge in stock price follows a series of positive reviews for the company's latest AI model, Gemini 3, which has been praised for its advancements in coding and reasoning capabilities.

Lloyds Banking Group Plc has agreed to acquire the UK fintech startup Curve, known for its digital wallet services, in a deal valued at £120 million. The acquisition is expected to close in the first half of 2026, as reported by Sky News. This move is part of Lloyds' strategy to enhance its digital offerings and compete with emerging challenger banks.

South Korea's antitrust regulator conducted an inspection of Arm Holdings Plc's offices in Seoul this week, as part of an ongoing investigation into the company's licensing practices, according to sources familiar with the situation.

Meta Platforms Inc. Chief Revenue Officer John Hegeman is departing after 17 years with the company. This leadership change comes alongside the exit of Clara Shih, who joined in November 2024 to head the Business AI unit. The departures are part of a broader reshuffle within Meta's leadership team, signaling potential shifts in the company's strategic direction as it navigates the evolving landscape of social media and artificial intelligence.

Writer, a San Francisco-based AI startup, is launching a unified AI agent platform that allows employees to automate complex business workflows without coding. The platform, named Writer Agent, integrates chat-based assistance with autonomous task execution. Starting Tuesday, enterprise customers can use natural language to instruct the AI for tasks such as creating presentations and analyzing financial data, saving these workflows as reusable 'Playbooks' that run automatically.

The European Commission has initiated an investigation into Amazon Web Services (AWS) and Microsoft Azure to assess whether these cloud services should be classified under the Digital Markets Act (DMA). The Commission stated that both companies hold very strong positions in the market, which raises concerns about their competitive practices and potential monopolistic behavior. This inquiry aims to ensure fair competition in the cloud services sector.