Breaking AI & Tech News Analyzed

Palantir, a Miami-based company backed by billionaire Peter Thiel, has secured a three-month trial contract with the Financial Conduct Authority (FCA) to analyze a vast amount of sensitive UK financial regulation data. The deal, worth over £30,000 per week, aims to help the FCA tackle financial crimes such as fraud, money laundering, and insider trading.The FCA has awarded Palantir the contract to investigate its internal intelligence data, which includes highly sensitive case intelligence files, information on problem firms, and reports from lenders about proven and suspected frauds. Palantir will apply its AI system, known as Foundry, to huge quantities of information held by the watchdog, including recordings of phone calls, emails, and social media posts.The contract has raised concerns about privacy and the company's ethical reliability. One source expressed concerns that Palantir may share the information it learns from the FCA with other parties. Palantir's technology is used by the Israeli military and in the US president's ICE immigration crackdown, leading to criticism from left-wing MPs.The FCA has stated that it has strict controls in place to ensure data is protected and that Palantir will only act on instruction from the regulator. The data will be hosted and stored solely in the UK, and Palantir will have to destroy the data after completion of the contract.Experts have highlighted the potential benefits of using AI to tackle financial crimes, but also emphasized the need for robust protocols to protect sensitive information. Prof Michael Levi, an expert in money laundering, noted that AI is a potentially valuable technology to tackle financial crimes, but also raised concerns about the ownership and control of the data.

A new and disturbing trend in scams, known as 'friendship fraud,' is on the rise, specifically targeting older people who are lonely or bereaved. This type of scam involves criminals using social media platforms to build relationships with potential victims, often over a long period, before requesting money for various reasons. The scam typically begins with a connection on social media, where the fraudster will research and tailor their initial messages to appear as though they share common interests with the victim. Once a level of trust is established, the scammer will begin to make requests for money, often for small amounts or seemingly urgent needs. According to TSB, the average amount lost by victims of friendship fraud is £3,100. In some cases, victims have lost as much as £4,000 or more over several years. The fraudsters often request payments through bank transfers or gift cards, making it difficult for victims to recover their losses. Experts warn that older people who are lonely or bereaved are particularly vulnerable to these scams, as they may be more desperate for human connection and more likely to trust someone who appears to share their interests. Caroline Abrahams of Age UK describes the fraud as 'especially horrible and insidious,' noting that it can have devastating consequences for victims, including financial loss, health issues, and a breakdown in trust. To avoid falling victim to friendship fraud, experts advise severing contact immediately if someone you met online requests money. If you suspect you or someone you know has been targeted, report it to Report Fraud and discuss it with your bank. Documenting all interactions with the scammer can also help in efforts to recover losses or prosecute the fraudster.

New York Giants running back Cam Skattebo has apologized for his recent comments downplaying the seriousness of chronic traumatic encephalopathy (CTE) and asthma. In an appearance on the Bring the Juice podcast, Skattebo called CTE an 'excuse' and claimed that asthma is 'fake', suggesting that people should 'just breathe air'. After receiving widespread backlash for his comments, Skattebo offered a retraction on social media, stating that his remarks were a 'tasteless joke' and that he never intended to downplay the seriousness of head injuries or asthma. He sincerely apologized to anyone who was offended by his remarks and assured that he will be more mindful and respectful going forward. CTE is a degenerative brain condition linked to repeated head trauma, which can cause mood swings, depression, suicidal thoughts, and memory loss. A 2017 study found CTE in 110 of 111 former football players. The condition can only be diagnosed after death, and the NFL finally acknowledged a link between football and CTE in 2016. Asthma affects hundreds of millions of people worldwide and can lead to death in extreme cases. Skattebo's mother, Becky Skattebo, replied to her son's post, saying she was asthmatic and that his comments were made in jest. Skattebo was a popular figure with Giants fans in his rookie season in 2025 due to his physical running style, scoring seven touchdowns and running for 410 yards before an ankle injury ended his season.

Chuck Norris, a former world karate champion turned action movie star, has died at the age of 86. His family announced his passing on social media, stating that he was surrounded by his loved ones and at peace.Norris's career spanned several decades, beginning with his appearance in Bruce Lee's 1972 film The Way of the Dragon. He went on to star in numerous action films, including Invasion USA and The Delta Force, as well as the long-running TV series Walker, Texas Ranger. Norris also gained a level of political profile for his outspoken support for right-wing causes.Tributes from fellow action stars and celebrities poured in, with Sylvester Stallone describing Norris as "all American in every way" and Dolph Lundgren calling him "the champ". Stephen King also paid tribute, saying Norris was "great" and that his film Silent Rage had scared him and his children.Norris's impact on popular culture extends beyond his film career, with the internet meme "Chuck Norris facts" becoming a testament to his enduring legacy. He is survived by his wife, Gena O'Kelley, and his five children.