UK bank Lloyds agrees to acquire UK startup Curve, which offers digital wallets, in a deal set to close in H1 2026; Sky News reported Lloyds is set to pay £120M (Aisha S Gani/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.

South Korea's antitrust regulator visited the Seoul offices of Arm Holdings Plc this week as part of an ongoing investigation into the company's licensing practices. This scrutiny follows a complaint made by Qualcomm regarding Arm's operations.

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.

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.