EMA and FDA set AI principles for medicine

The European Medicines Agency (EMA) and the US Food and Drug Administration (FDA) have released ten principles for good AI practice in the medicines lifecycle. The guidelines provide broad direction for AI use in research, clinical trials, manufacturing, and safety monitoring.

The principles are relevant to pharmaceutical developers, marketing authorisation applicants, and holders, and will form the basis for future AI guidance in different jurisdictions. EU guideline development is already underway, building on EMA’s 2024 AI reflection paper.

European Commissioner Olivér Várhelyi said the initiative demonstrates renewed EU-US cooperation and commitment to global innovation while maintaining patient safety.

AI adoption in medicine has grown rapidly in recent years. New pharmaceutical legislation and proposals, such as the European Commission’s Biotech Act, highlight AI’s potential to accelerate the development of safe and effective medicine.

A principles-based approach is seen as essential to manage risks while promoting innovation.

The EMA-FDA collaboration builds on prior bilateral work and aligns with EMA’s strategy to leverage data, digitalisation, and AI. Ethics and safety remain central, with a focus on international cooperation to enable responsible innovation in healthcare globally.

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AI-assisted money management adoption rises

Young adults in the UK are increasingly turning to AI for help with managing their finances, as many struggle to save and maintain control over spending.

A survey of 5,000 adults aged 28 to 40 found that impulse purchases and weak self-discipline frequently undermine savings, while most feel they could improve their financial knowledge.

AI-powered financial tools are gaining traction, particularly among those aged 28 to 34. Nearly two-thirds of respondents would trust AI to advise on disposable income, and over half would allow it to manage bills or prevent overdrafts.

However, nearly a quarter prefer to start with limited use, seeking proof of value before full engagement.

Regional differences highlight the uneven financial landscape in the UK. Londoners save significantly more than the national average, while cities such as Newcastle and Cardiff lag far behind.

Experts suggest fintech solutions must balance behavioural support with practical assistance and consider regional disparities to be effective.

Fintechs should prioritise tools that deliver immediate value over purely aspirational AI features. Modular tools and age- or region-specific solutions are likely to engage users, especially older millennials with rising financial responsibilities.

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Russia moves to allow retail crypto access

Russia is moving to integrate cryptocurrency into everyday finance as lawmakers prepare a bill to allow retail participation under clear limits. The draft would remove crypto from special regulation, signalling broader adoption for the public.

Under the proposed framework, non-qualified investors would be able to buy crypto up to 300,000 rubles, roughly $3,800. Officials emphasise that these limits aim to prevent excessive speculation while providing controlled exposure to digital assets.

The move marks a significant change after years of tight restrictions and cautious oversight from financial authorities.

The legislation is designed with international use in mind, allowing tokens issued in Russia to participate in foreign markets and supporting cross-border settlements. Policymakers aim to integrate crypto into the economy while protecting retail investors.

Regulators, including the Bank of Russia and the Finance Ministry, continue to stress the importance of risk management. Limits and risk checks will ensure retail crypto use remains secure.

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X restricts Grok image editing after global backlash

Elon Musk’s X has limited the image editing functions of its Grok AI tool after criticism over the creation of sexualised images of real people.

The platform said technological safeguards have been introduced to block such content in regions where it is illegal, following growing concern from governments and regulators.

UK officials described the move as a positive step, although regulatory scrutiny remains ongoing.

Authorities are examining whether X complied with existing laws, while similar investigations have been launched in the US amid broader concerns over the misuse of AI-generated imagery.

International pressure has continued to build, with some countries banning Grok entirely instead of waiting for platform-led restrictions.

Policy experts have welcomed stronger controls but questioned how effectively X can identify real individuals and enforce its updated rules across different jurisdictions.

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will.i.am unveils single-person electric micromobility vehicle

Music artist and innovator will.i.am has unveiled the Trinity, a single-person electric micromobility vehicle designed to offer a stylish, efficient alternative to cars for city travel.

The Trinity combines sleek design with practical features for urban environments, targeting commuters and city dwellers seeking sustainable, space-efficient mobility options.

The vehicle’s compact form and electric drive reflect broader trends in micromobility, from e-scooters to e-bikes, as cities look for solutions to congestion, emissions and last-mile transit challenges.

The Trinity’s reveal signals growing interest from creative industries in reimagining the future of personal transport, where design, technology and sustainability intersect.

will.i.am has described the vehicle as part of a broader vision for future-focused urban transport, emphasising the importance of technology in enabling greener, more accessible mobility. The Trinity is positioned not only as a product but as a concept that challenges conventional ideas about how and why people move around cities.

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PwC expert says AI can accelerate the energy transition

A senior PwC expert has outlined how AI can play a pivotal role in speeding up the transition to clean energy, particularly by improving forecasting, enhancing operational efficiency and enabling smarter planning of renewable systems.

According to the specialist, AI tools can analyse complex data from wind, solar and grid systems to predict output and optimise maintenance, helping utilities and policymakers make better decisions in real time.

AI also supports decarbonisation by modelling scenarios for energy demand and emissions, allowing energy planners to prioritise investments in technologies that deliver the most impact.

The expert emphasised that data integration and digital infrastructure are essential to unlock these benefits at scale, and cautioned that firms must pair AI’s technical capabilities with strong governance and clear regulatory frameworks.

PwC’s perspective reflects a broader industry belief that AI will be integral to managing increasingly complex energy systems, especially as countries pursue net-zero targets and integrate variable renewables into their grids.

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IBM launches software focused on digital sovereignty and AI

The tech giant, IBM, has announced IBM Sovereign Core, a new software offering designed to help organisations deploy and manage AI-ready environments under sovereign control.

The product addresses growing regulatory and governance requirements as enterprises and governments seek greater authority over data, infrastructure and AI operations.

Digital sovereignty, according to IBM, extends beyond where data is stored and includes who controls systems, how access is governed and under which jurisdiction AI workloads operate.

IBM Sovereign Core is positioned as a foundational software layer that embeds sovereignty into operations instead of applying controls after deployment.

Built on Red Hat’s open-source technologies, the software enables customer-operated control planes, in-jurisdiction identity management and continuous compliance reporting. AI workloads, including inference and model hosting, can be governed locally without exporting data to external providers.

IBM plans to offer the software across on-premises environments, in-region cloud infrastructure and through selected service providers.

A technology preview is expected to begin in February, with full general availability planned for mid-2026.

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SEC chair looking ahead to the next phase of crypto regulation

SEC Chair Paul Atkins says US crypto market structure legislation is close to becoming law, with President Donald Trump expected to sign it soon. The move aims to end regulatory uncertainty and provide clear legal foundations for digital asset markets.

Atkins has openly backed Congress in defining the jurisdictional split between the Securities and Exchange Commission and the Commodity Futures Trading Commission, arguing that statutory clarity is essential for protecting investors and supporting institutional growth.

Supporters believe clear rules will replace enforcement-led interpretation and allow the sector to mature within established financial frameworks.

Progress is moving through Congress, with the Senate Banking Committee advancing the CLARITY Act while the Agriculture Committee continues negotiations. Despite disagreements and amendments, bipartisan support suggests the bill could reach the White House by the end of the first quarter.

Looking ahead, Atkins has linked the bill to long-term US competitiveness, stating that clear and principled regulation will encourage innovation and attract capital. Coordination between the SEC, CFTC and the White House is expected to be central to implementation.

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TSMC expands global manufacturing as profits hit record

TSMC reported a strong fourth-quarter performance, posting a 35 percent rise in profit to a record level, supported by sustained demand for advanced chips.

The company forecast robust growth for 2026, citing continued customer interest and tight capacity, while highlighting expectations for a significant increase in revenue in the first quarter of the year.

The Taiwanese semiconductor manufacturer confirmed that capital spending reached US$40.9 billion in 2025, slightly above earlier guidance, and indicated further increases ahead, with investment potentially rising to as much as US$56 billion in 2026 and accelerating later in the decade.

Ongoing projects include additional manufacturing capacity in the US, expansion in Japan, and continued investment in Taiwan.

TSMC also signalled that more US facilities may be planned, following earlier commitments to large-scale investment in Arizona.

Developments come amid discussions between Taiwan and the US on trade and tariffs, as well as broader policy efforts in Washington to encourage domestic semiconductor production.

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France weighs social media ban for under 15s

France’s health watchdog has warned that social media harms adolescent mental health, particularly among younger girls. The assessment is based on a five-year scientific review of existing research.

ANSES said online platforms amplify harmful pressures, cyberbullying and unrealistic beauty standards. Experts found that girls, LGBT youths and vulnerable teens face higher psychological risks.

France is debating legislation to ban social media access for children under 15. President Emmanuel Macron supports stronger age restrictions and platform accountability.

The watchdog urged changes to algorithms and default settings to prioritise child well-being. Similar debates have emerged globally following Australia’s introduction of a teenage platform ban.

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