E-commerce and trade

AI search tools challenge Google’s dominance

AI tools are increasingly reshaping how people search online, with large language models like ChatGPT drawing millions away from traditional engines.

Montreal-based lawyer and consultant Anja-Sara Lahady says she now turns to ChatGPT instead of Google for everyday tasks such as meal ideas, interior decoration tips and drafting low-risk emails. She describes it as a second assistant rather than a replacement for legal reasoning.

ChatGPT’s weekly user base has surged to around 800 million, double the figure reported in 2025. Data shows that nearly 6% of desktop searches are already directed to language models, compared with barely half that rate a year ago.

Academics such as Professor Feng Li argue that users favour AI tools because they reduce cognitive effort by providing clear summaries instead of multiple links. However, he warns that verification remains essential due to factual errors.

Google insists its search activity continues to expand, supported by AI Overviews and AI Mode, which offer more conversational and tailored answers.

Yet, testimony in a US antitrust case revealed that Google searches on Apple devices via Safari declined for the first time in two decades, underlining the competitive pressure from AI.

The rise of language models is also forcing a shift in digital marketing. Agencies report that LLMs highlight trusted websites, press releases and established media rather than social media content.

This change may influence consumer habits, with evidence suggesting that referrals from AI systems often lead to higher-quality sales conversions. For many users, AI now represents a faster and more personal route to decisions on products, travel or professional tasks.

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PayPal launches one-time links for easy payments

PayPal has introduced PayPal links, a new way for users to send and receive money via personalised, one-time links. Users can share links through text, chat, or email, add notes or emojis, and cancel or remind recipients before links expire after 10 days.

The service will initially be available in the US, with the UK, Italy, and other markets set to follow later this month.

The company confirmed gifts, reimbursements, and split payments remain exempt from tax reporting to keep personal transfers private. PayPal said the links are designed to simplify payments, attract new users, and enhance interoperability with Venmo and other wallets.

Crypto support also allows peer-to-peer transfers between digital assets and stablecoins.

PayPal also introduced Pay with Crypto, enabling merchants to accept over 100 cryptocurrencies and wallets, including Coinbase and MetaMask, with instant conversion to stablecoins or fiat. The platform charges just 0.99% per transaction, cutting costs compared with international credit card payments.

Looking ahead, Venmo users can shop online and in-store at millions of merchants starting in 2026. PayPal said these initiatives aim to expand global reach, provide more payment options, and drive growth for merchants while enhancing the user experience.

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UK to benefit from Google’s £5 billion AI plan

Google has unveiled plans to invest £5 billion (around $6.8 billion) in the UK’s AI economy over the next two years.

An announcement comes just hours before US President Donald Trump’s official visit to the country, during which economic agreements worth more than $10 billion are expected.

The investment will include establishing a new AI data centre in Waltham Cross, Hertfordshire, designed to meet growing demand for services like Google Cloud.

Alongside the facility, funds will be channelled into research and development, capital expenditure, engineering, and DeepMind’s work applying AI to science and healthcare. The project is expected to generate 8,250 annual jobs for British companies.

Google also revealed a partnership with Shell to support grid stability and contribute to the UK’s energy transition. The move highlights the economic and environmental stakes tied to AI expansion, as the UK positions itself as a hub for advanced digital technologies.

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Alphabet hits US$3 trillion valuation on AI optimism

Google’s parent company, Alphabet, has become the fourth company to reach a market value above US$3 trillion, fuelled by investor confidence in AI and relief over a favourable antitrust ruling.

Its shares jumped 4.3 percent to close at US$251.76 on 15 September, lifting the firm’s valuation to US$3.05 trillion.

The rally has added about US$1.2 trillion in value since April, with Alphabet joining Apple and Microsoft in the elite group while Nvidia remains the most valuable at US$4.25 trillion.

Investor optimism has been strengthened by expectations of a US Federal Reserve rate cut and surging demand for AI-related products.

Alphabet’s communications services unit has risen more than 26 percent in 2025, outpacing all other major sectors. Strong growth in its cloud division, new AI investments, and the Gemini model have reinforced the company’s momentum.

Analysts note that, while search continues to dominate revenues, Alphabet is increasingly viewed as a diversified technology powerhouse with YouTube, Waymo, and AI research at its core.

By avoiding a forced breakup of Chrome and Android, the antitrust ruling also removed a significant threat to its business model.

Market strategists suggest Alphabet now combines the strength of its legacy platforms with the credibility of emerging technologies, securing its place at the centre of Wall Street’s AI-driven rally.

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Lumex chips bring advanced AI to mobile devices

Arm Holdings has unveiled Lumex, its next-generation chip designs built to bring advanced AI performance directly to mobile devices.

The new designs range from highly energy-efficient chips for wearables to high-performance versions capable of running large AI models on smartphones without cloud support.

Lumex forms part of Arm’s Compute Subsystems business, offering handset makers pre-integrated designs, while also strengthening Arm’s broader strategy to expand smartphone and data centre revenues.

The chips are tailored for 3-nanometre manufacturing processes provided by suppliers such as TSMC, whose technology is also used in Apple’s latest iPhone chips. Arm has indicated further investment in its own chip development to capitalise on demand.

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Bitcoin rallies above 116k on rate cut hopes

Bitcoin climbed nearly 4.42% over the past week, trading at $116,031 on Monday as investor optimism grows ahead of an expected US rate cut. Analysts say the rally is driven by technical factors and expectations of a 25bps Fed rate cut.

Edul Patel, CEO of Mudrex, highlighted that Bitcoin is holding above $115,400, with $117,100 acting as key resistance and $113,500 providing strong support.

Other cryptocurrencies are showing mixed trends, with Solana breaking out at $242 and potentially reaching $261 if buying momentum continues, while Ethereum consolidates around $4,600–$4,700.

The broader crypto market capitalisation stood at roughly $4.06 trillion, with institutional flows via ETH ETFs and shrinking exchange reserves tightening sell-side pressure. Analysts warn that high long-term Treasury yields may limit gains despite rising speculative demand ahead of the Fed decision.

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Jaguar Land Rover extends production halt after cyberattack

Jaguar Land Rover has told staff to stay at home until at least Wednesday as the company continues to recover from a cyberattack.

The hack forced JLR to shut down systems on 31 August, disrupting operations at plants in Halewood, Solihull and Wolverhampton, UK. Production was initially paused until 9 September but has now been extended for at least another week.

Business minister Sir Chris Bryant said it was too early to determine whether the attack was state-sponsored. The incident follows a wave of cyberattacks in the UK, including recent breaches at M&S, Harrods and train operator LNER.

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China creates brain-inspired AI model

Chinese scientists have unveiled SpikingBrain1.0, the world’s first large-scale AI language model to replicate the human brain. The model reduces energy use and runs independently of Nvidia chips, departing from conventional AI architectures.

Developed by the Chinese Academy of Sciences, SpikingBrain1.0 uses spiking neural networks to activate only the required neurons for each task, rather than processing all information simultaneously.

Instead of evaluating every word in parallel, it focuses on the most recent and relevant context, enabling faster and more efficient processing. Researchers claim the model operates 25 to 100 times faster than traditional AI systems while keeping accuracy competitive.

A significant innovation is hardware independence. SpikingBrain1.0 runs on China’s MetaX chip platform, reducing reliance on Nvidia GPUs. It also requires less than 2% of the data typically needed for pre-training large language models, making it more sustainable and accessible.

SpikingBrain1.0 could power low-energy, real-time applications such as autonomous drones, wearable devices, and edge computing. The model highlights a shift toward biologically-inspired AI prioritising efficiency and adaptability over brute-force computation.

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BingX introduces world’s first AI-powered crypto trading tool

BingX, a leading cryptocurrency exchange and Web3 AI company, has unveiled BingX AI Master, the world’s first AI-powered crypto trading strategist. The tool makes trading more innovative and more accessible, using AI optimisation with strategies from five leading digital investors.

BingX AI Master guides users through the entire trading process, from generating ideas to executing trades and reviewing results. Key features include 24/7 strategy ideas, instant alerts, AI backtesting, dynamic orders, and transparent performance reviews.

BingX has introduced a trading competition with a 3,000,000 USDT prize pool to mark the launch. Users can compete directly against BingX AI Master, with additional rewards from task-based lucky draws, trading volume contests, and the AI 1v1 Arena.

Founded in 2018, BingX serves over 20 million users worldwide and offers a full suite of AI-driven trading tools. The company expands its AI portfolio with BingX AI Master and AI Bingo, reinforcing its role in AI-driven crypto trading.

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South Korea to grant crypto firms venture company status

South Korea will grant cryptocurrency firms ‘venture company’ status from 16 September, giving them access to tax breaks, financing support, and other incentives. The move follows a partial revision of the Venture Business Act removing restrictions on crypto trading and brokerage.

The regulatory change aims to stimulate growth in the crypto and blockchain sectors. Advantages include research and development grants, credit guarantees, and the ability for existing venture companies to expand into crypto without losing their status.

Minister Han Seong-sook said the measure will help create a transparent and responsible ecosystem for venture capital and innovation.

Crypto firms were first restricted in October 2018, and the ban’s removal reflects industry maturity and better user protections. Officials expect the change to accelerate growth in virtual asset trading, blockchain technologies, smart contracts, and cybersecurity.

South Korea’s crypto industry has already benefited from a friendlier environment under President Lee Jae-myung. The market is projected to reach $1.1 billion in revenue in 2025 and $1.3 billion by 2026, with exchange users surpassing 16 million, over 30% of the population.

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