Mortgage underwriting runs on documents. Payslips, bank statements and tax returns are the evidence that lenders verify before approving a loan. Generative artificial intelligence can now produce all three in formats that pass standard checks.
Australia’s mortgage market may be facing up to $4 billion Australian dollars (about $2.8 billion) in suspected fraud, with organized crime networks using AI to fabricate the financial documents that underpin home loan approvals, Broker Daily reported June 29, citing the Australian Financial Review. — Read More
Daily Archives: July 13, 2026
While Neuralink drills into skulls, China’s BrainCo is betting brain tech will be something you wear
The most visible race in brain-computer interfaces involves surgery. But one of China’s most valuable neurotech firms is deliberately not competing in it, CNBC reports.
BrainCo, based in Hangzhou, builds devices that read the brain from outside the skull. Headbands and caps pick up electrical signals through the scalp, with no operating theatre involved. — Read More
A Hitchhiker’s Guide to AI
I’ve been asked on multiple occasions to produce a blog post covering programming with LLMs from A-Z. In this post I’ll discuss all the most important terms and definitions as well as a multitude of DOs and DONT’s with LLMs and writing code.
These statements will of course be my own opinions, however I hope you’ll be agreeing with all of them by the end 🙂 — Read More
AI Data Centers and the Concentration of Wealth
Opposition to AI data centers has emerged as a primary theme in US politics, one that—surprisingly—doesn’t fall along party lines. We applaud people coming together for constructive debate on any issue, and agree that communities need to evaluate whether any economic benefits these data centers bring is worth their costs. Still, we worry that a focus on data centers obscures the larger impacts of AI on people’s lives: the concentration of power of AI companies, and their widespread political and financial influence. — Read More
Apple sues OpenAI, alleging artificial intelligence company stole trade secrets
Apple filed a lawsuit against OpenAI on Friday alleging the artificial intelligence firm stole company trade secrets in a move to create its own hardware device.
The suit claims OpenAI poached Apple employees, coaxing them to hand over confidential material, product designs and other tightly held information. — Read More
AI Tokenomics: The Economics of Tokens, Computation, and Pricing in Foundation Models
Tokens have become the practical accounting unit for modern foundation model services, linking information processing, computation, memory use, energy expenditure, pricing, and economic value. This paper develops a framework for AI tokenomics: the study of how tokens are generated, consumed, priced, allocated, and optimized across AI systems. We connect token-level technical costs to workflow-level production functions, enterprise resource allocation, measurement and instrumentation methods, and emerging market-design questions. The framework shows that token expenditure and economic value are distinct: value depends on marginal productivity, workflow position, hidden reasoning activity, risk, and downstream propagation effects. The paper concludes by identifying open research directions in hidden-token measurement, empirical calibration, token productivity, dynamic allocation, and token-based markets. — Read More
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