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Lloyds Bank to cut £2bn in costs as part of AI-powered strategy

Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job lossesBusiness live – latest updatesLloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.Charlie Nunn said the strategy, […]

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Tencent Open-Sources AngelSpec: A Unified Training Framework for MTP and Block-Parallel Speculative Decoding on Hy3 Models

Tencent has released AngelSpec, an open-source, torch-native training framework for speculative-decoding draft models. The release covers both autoregressive multi-token prediction (MTP) and the block-parallel DFlash family. Most speculative-decoding work searches for one drafter that scores well on an averaged benchmark mixture. Real serving traffic does not look like that mixture. AngelSpec treats workload heterogeneity as

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Meet Token Saver: An Open-Source MCP Extension Using Local Hybrid RAG to Cut Claude PDF Token Costs 90-99%

AI developers, researchers, and professionals frequently hit a frustrating wall when analyzing large documents with LLMs: the hidden, compounding cost of context windows. Pasting a 200-page PDF into a chat isn’t a one-time charge. Because the conversation history is re-sent to the model on every single turn, that massive document is paid for again with

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Prompt Engineering vs Loop Engineering vs Graph Engineering: What Changes at Each Layer

Three terms now compete for the same line in AI engineering job descriptions. Prompt engineering is the established one. Loop engineering entered the AI vocabulary in late 2025 and dominated developer discussion through June 2026. Graph engineering followed roughly six weeks later. They get used interchangeably. Should they be? The three are not competing techniques.

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Moonshot AI Open-Sources MoonEP: A Perfectly Balanced Expert Parallelism Library for MoE Training

Moonshot AI has open-sourced MoonEP, an Expert Parallelism (EP) communication library for distributed Mixture-of-Experts (MoE) workloads. The team announced the release as a library built to make expert-parallel communication more efficient at scale. It ships under an MIT license. MoonEP arrived as part of Kimi K3 Open Day. Alongside the K3 model weights and technical

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Elon Musk’s xAI sues Minnesota over law banning ‘nudification’ technology

First-in-the-nation law sets up test on states’ power to regulate use of AI as it tries to outlaw fake nude images of real peopleElon Musk’s company xAI has sued Minnesota over the state’s first-in-the-nation law banning “nudification” technology on websites and apps, potentially providing a test for how far states can go in constitutionally regulating

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Meta misses earnings forecasts after Zuckerberg media push to promote AI

Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AIMark Zuckerberg’s media spree touting the positive effects of artificial intelligence did little to cushion the blow of Meta’s second-quarter earnings, which sent its stock tumbling on Wednesday.In a Wall Street Journal op-ed published on Tuesday, the Meta chief executive

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Prompt Engineering vs Loop Engineering vs Graph Engineering: What Changes at Each Layer

Three terms now compete for the same line in AI engineering job descriptions. Prompt engineering is the established one. Loop engineering entered the AI vocabulary in late 2025 and dominated developer discussion through June 2026. Graph engineering followed roughly six weeks later. They get used interchangeably. Should they be? The three are not competing techniques.

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Excessive time spent online linked to stress and worse mood – study

German study surveyed adults who engage in gaming, pornography and online shoppingSpending excessive time online is associated with higher stress levels, worse mood, and greater neglect of other activities, according to analysis.The new study by academics at the University of Duisburg-Essen published in the journal PLOS One, surveyed 900 German adults in 2025 who reported

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Atlassian tightens tracking of staff AI use as other technology firms encourage ‘tokenmaxxing’

Some companies reportedly using leaderboards for employees who used the most AI in their workGet our breaking news email, free app or daily news podcastSoftware firm Atlassian has sought to tighten tracking of its staff’s AI spending by introducing “wallets” with monthly caps of up $2,000 for each employee, amid an explosion in costs at

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