Qualcomm unveils AI focused wearable chip

Qualcomm has unveiled its Snapdragon Wear Elite chip at MWC 2026 in Barcelona, positioning it for a new wave of AI-driven wearable devices. The company said the processor is aimed at pins, pendants, and potentially display-free smart glasses.

Built on a 3nm process, the chip includes both an eNPU for low-power AI tasks and a Hexagon NPU for heavier on-device processing. Qualcomm said the platform can handle up to two billion parameters locally, supporting more advanced AI features without relying on the cloud.

The Snapdragon Wear Elite is designed to sit alongside the existing W5 Plus rather than replace it. Qualcomm added that the chip improves power efficiency, with GPS tracking using 40 per cent less power and fast charging that delivers around 50 per cent of battery capacity in 10 minutes.

Connectivity features include satellite support, 5G, ultra wideband and Bluetooth 6.0. Qualcomm signalled that longer battery life and on-device AI performance will be central to the next generation of wearable AI gadgets.

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Anthropic’s Claude climbs past ChatGPT in downloads

App Store charts have shifted sharply in the consumer AI market, with Anthropic’s Claude now surpassing ChatGPT in downloads. The change marks one of the most notable ranking reversals in recent months.

The spike in downloads appears tied to public reaction rather than new product features. App rankings often fluctuate, but this shift coincides with growing debate over how AI companies collaborate with governments.

Anthropic has positioned Claude around strict usage policies, including restrictions on domestic surveillance and lethal autonomous weapons. That stance has resonated with users concerned about the ethical deployment of AI technologies.

Claude’s ascent underscores a more competitive chatbot landscape in which transparency and public confidence are playing an increasingly important role. AI app rankings are becoming increasingly volatile as users are willing to switch platforms.

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AI data centre boom drives global memory chip shortage

Global demand for AI data centres is creating a severe shortage of memory chips, disrupting supply chains across the consumer electronics industry. Manufacturers warn shortages of RAM could lead to higher prices and delayed shipments for devices including laptops, smartphones and gaming consoles.

Only three companies dominate global RAM production, with capacity increasingly redirected towards high-bandwidth memory used in AI systems. Analysts say rapid investment in AI infrastructure has absorbed available supply faster than manufacturers can expand production facilities.

Major technology firms are already feeling pressure as memory costs rise and inventories tighten. Companies including Apple, HP, Dell and Qualcomm have warned investors that pricing increases and weaker forecasts may follow if shortages persist.

Gaming and computer manufacturers are exploring different responses, ranging from price increases to redesigning products that require less memory. Experts expect supply constraints to continue through the year as chipmakers attempt to balance AI demand with consumer electronics needs.

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Cloud-native networks drive AI connectivity

Mobility is emerging as the digital economy’s backbone, with Cisco outlining its latest strategy at Mobile World Congress. Cloud-native, programmable networks are being framed as platforms that enable new revenue models while reducing operational complexity across industries and cities.

Recent updates focus on the Cisco Mobility Services Platform, plus IoT-as-a-service and a programmable core built to scale global networks.

Partnerships with operators such as AT&T, Tele2 IoT, and Wind Tre Group aim to speed up enterprise connectivity and reduce deployment times for industrial use cases.

Preparation for the AI era remains a core theme. Collaboration with NVIDIA focuses on embedding intelligence into wireless infrastructure while ensuring networks can support distributed AI workloads with low latency and predictable performance.

Ecosystem expansion includes joining the Linux Foundation initiative, while industry rankings signal momentum as operators move toward 5G Advanced and AI-native networks.

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Central bank in Russia cracks down on crypto-enabled pyramid schemes

Russia’s central bank reports that two-thirds of pyramid scheme operators use crypto, with funds sent to over 4,600 fraudster-controlled wallets in 2025. Authorities identified 7,087 online scams last year, most of which used crypto and money mules to collect illicit funds.

Officials highlighted that these schemes typically operate without physical offices, engaging victims via social media, chat apps, and phone calls. Nearly 1,500 firms offered fake crypto investments, and 84% of scammers used cryptocurrency to raise funds, up from 77% in 2024.

The central bank has blocked 21,500 web pages and social media posts linked to fraudulent operators.

The government is fast-tracking regulations, warning that only licensed firms can offer investments to Russian retail investors. Authorities plan to continue monitoring sophisticated online schemes and enhance public awareness to combat crypto-enabled fraud.

Crypto markets remain active, with Bitcoin trading at $66,566, up 3.8%, and Ethereum at $1,990, up more than 6% in the past 24 hours.

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Finance ministry in South Korea pledges reform for public crypto management

South Korea’s finance minister, Koo Yun-cheol, has pledged urgent reforms to how government agencies manage digital assets following high-profile failures in state custody.

Recent incidents revealed that police and tax authorities mishandled seized cryptocurrency, highlighting weaknesses in oversight and security practices. Authorities will review current management methods and implement measures to prevent future losses.

Operational risks around securing crypto in public institutions have become increasingly apparent. A notable case involved Seoul police in Gangnam losing access to 22 BTC, worth around $1.4 million, after failing to retain private keys and allowing a third-party firm to manage the assets.

Prosecutors are now investigating potential bribery linked to the case.

The government says it holds only digital assets acquired through lawful enforcement, such as seizures for unpaid taxes or criminal cases. The reforms aim to strengthen security, improve operational controls, and restore confidence in the public sector’s handling of crypto amid growing scrutiny.

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Reddit surges as AI search drives a new era of online discovery

AI-generated search summaries are reshaping online discovery and pushing Reddit to the forefront of global information flows.

The rise of Google’s AI Overview feature places curated AI summaries above traditional search results, encouraging users to rely on machine-generated syntheses instead of browsing lists of websites.

Reddit’s visibility surged after the platform agreed to data access partnerships with Google and OpenAI, enabling large language models to train on its vast archive of human conversations.

The platform’s user-generated discussions are increasingly prioritised because they provide commentary viewed as more neutral and less commercially influenced.

Research from Profound identifies Reddit as the most cited source across major AI platforms. Reddit’s rapid expansion reflects such a shift.

It has overtaken TikTok in the UK, according to Ofcom and now reports 116 million daily active users and more than one billion monthly users.

Communities built around niche interests, combined with voting systems and karma-driven credibility, create a structure that appeals to AI systems searching for grounded, human-authored content.

The platform’s design, centred on subreddits run by volunteer moderators, reinforces trust signals that large models can evaluate when generating AI Overview results.

As AI-powered search becomes the dominant interface for navigating the internet, Reddit’s role as a primary corpus for training and citation continues to expand, reshaping how people discover and verify information.

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Singapore and South Korea expand AI partnership

South Korean President Lee Jae Myung used the opening day of his state visit to Singapore to set out plans for deeper cooperation in emerging technologies and renewable energy.

He framed the partnership as a chance to build a future-oriented agenda shaped by a shared reliance on human capital rather than natural resources.

The visit precedes a summit with Lawrence Wong, their second meeting in four months following the upgrade of bilateral ties to a strategic partnership. Both governments want to broaden collaboration across AI, energy, the green transition and defence while maintaining strong trade and investment links.

Lee told Korean residents in Singapore that the strengthened partnership could guide relations for the next fifty years by opening new routes for collaboration across strategic sectors. He added that expanding cooperation would support wider regional stability and long-term technological development.

The programme also includes a meeting with Tharman Shanmugaratnam and attendance at AI Connect. This forum connects business leaders and entrepreneurs from both countries seeking opportunities in AI research and commercial innovation.

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OpenAI and Microsoft strengthen their long-term AI collaboration

Microsoft and OpenAI have reaffirmed their long-standing collaboration after new funding and partnerships raised speculation about their relationship.

Both firms stressed that recent announcements leave their original agreements intact, preserving a framework built on technical integration, trust and shared ambitions for AI development.

Microsoft’s exclusive licence to OpenAI’s intellectual property remains untouched, as does its position as the sole cloud provider for stateless APIs powering OpenAI models.

These APIs can be accessed through either company. Yet all such calls, including those arising from third-party partnerships such as OpenAI’s work with Amazon, continue to run on Azure rather than on alternative clouds. OpenAI’s own products, including Frontier, also stay hosted on Azure.

Revenue-sharing arrangements are unchanged, alongside the contractual definition and evaluation process for artificial general intelligence.

Both companies emphasised that the partnership was designed to allow independent initiatives while preserving deep cooperation across research, engineering and product innovation.

OpenAI retains the freedom to secure additional compute capacity elsewhere, supported by large-scale initiatives such as the Stargate project.

Even with broader collaborations emerging across the industry, both firms present their alliance as central to advancing responsible AI and expanding access to powerful tools worldwide.

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Japanese bank Mizuho plans major AI shift across administrative operations

Mizuho Financial Group plans to reduce work equivalent to 5,000 administrative positions over the next decade by introducing AI systems to improve operational efficiency. Around one-third of its 15,000 clerical staff nationwide will see their duties reshaped rather than eliminated.

Administrative employees currently manage processes such as document checks and data entry when opening accounts at subsidiary branches. Management expects many of these routine activities to be handled by AI as automation expands across operations.

Company leaders confirmed no layoffs are planned, with affected employees set to move into roles requiring direct customer interaction. Staff will transition towards investment product sales, corporate services and other positions where human engagement remains essential.

Mizuho intends to invest up to 100 billion yen by fiscal 2028 to develop and deploy AI technologies supporting business reform. An internal department overseeing clerical work will also be renamed the ‘Process Design Group’, signalling a stronger focus on AI-driven transformation.

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