Companies are still struggling to fully utilize AI despite its potential to transform industries and businesses. Only 20% of companies are fully utilizing AI, while 40% are only partially utilizing it. The reasons for this include a lack of understanding of AI capabilities, fear of potential risks, and reluctance to invest in necessary technology and training. However, the benefits of AI are clear: improved decision-making, increased efficiency, and enhanced customer experiences. Companies that embrace AI can unlock significant value and gain a competitive edge in today's fast-paced market.
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South Korea successfully test-flies its first domestically developed hypersonic weapon, highlighting progress in conventional defense capabilities and tensions with North Korea.
The World Trade Organization (WTO) has revised its global trade outlook, projecting 3.9% growth in merchandise trade in 2026, up from 1.9% in March, primarily driven by the AI boom, which has driven 47% of global merchandise trade growth in the first half of 2026. Despite disruptions from the Middle East conflict, global trade has proven resilient, with Asian economies leading the way. The AI boom has accelerated, defying expectations of moderation. The WTO now expects commercial services trade growth to rebound t…
AI surveillance startup Flock Safety is reportedly planning to cut several hundred jobs amid growing backlash from customers and regulators, sources say. The company is facing significant financial challenges and is seeking to streamline operations to remain competitive in the market. The move comes as Flock Safety continues to face criticism for its use of AI technology to monitor and control behavior, leading to legal action and regulatory scrutiny. The company has not confirmed the information and is expected t…