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French AI startup Mistral is releasing a new AI model, Mistral Medium 3, that’s focused on efficiency without compromising performance. Available in Mistral’s API priced at $0.40 per million input tokens and $20.80 per million output tokens, Mistral Medium 3 performs “at or above” 90% of Anthropic’s costlier Claude Sonnet 3.7 model on “benchmarks across the board,” claims Mistral. It also surpasses recent open models including Meta’s Llama 4 Maverick and Cohere’s Command A on popular AI performance evaluations. Tokens are the raw bits of data models work with, with a million tokens equivalent to about 750,000 words (roughly 163,000…

The FCA’s Consumer Duty, introduced in July 2023, has become a driver of change across UK financial services. Its goal—to ensure good outcomes for retail customers—has prompted firms to reassess how they serve clients, prioritising fairness, value, and transparency.Kidbrooke, a unified analytics platform for investment and wealth, has delved into consumer duty and how to turn the regulation into an opportunity. Despite its ambitions, the Duty’s impact has been mixed. At The Lang Cat’s “Divide and Conquer 2025” event, Zara Okoro from the PFS Paraplanning Panel suggested that meaningful change is lagging. She highlighted persistent complexity in the industry, citing the…

IntellectAI has launched Magic Placement, a new AI-driven tool designed to streamline insurance policy comparison for agents, brokers, and wholesalers.The solution leverages IntellectAI’s Purple Fabric platform and uses Agentic AI and Large Language Models (LLMs) to automate the review of complex documents like quotes, binders, and expiring policies.Traditional placement processes are often slow, error-prone, and reliant on manual work or offshore support. Magic Placement aims to eliminate these inefficiencies by using generative AI agents that automatically extract, compare, and deliver actionable insights from multiple documents. This speeds up placement decisions, reduces errors, and helps distributors offer better service.IntellectAI CEO Banesh…

The Pakistan Cricket Board (PCB) confirmed on Wednesday that the HBL Pakistan Super League 2025 will continue as per schedule, amid escalating regional tensions. The statement comes hours after the Pakistani military brought down five Indian jets in retaliation for late-night strikes launched by the neighbouring country at six sites in Punjab and Azad Jammu and Kashmir. “HBL Pakistan Super League X will continue as planned with Islamabad United set to take on Quetta Gladiators later today at the Rawalpindi Cricket Stadium,” the PCB said in a press release issued on Wednesday morning. The statement added that the toss for…

JERUSALEM (AP) — Standing in the east Jerusalem school he attended as a young boy, Palestinian construction worker Ahmad Shweikeh studies his son’s careful penmanship. This classroom may be closed Friday, leaving 9-year-old Laith with nowhere to study.Shweikeh, 38, says he wants Laith — a shy boy, top of his class — to become a surgeon.“I never expected this,” Shweikeh said. “I watched some of my classmates from here become engineers and doctors. I hoped Laith would follow in their footsteps.”The school is one of six across east Jerusalem run by the United Nations agency for Palestinian refugees called UNRWA.…

MIB Group, a leading provider of data-driven solutions for the life insurance industry, has acquired Clareto, a medical record retrieval company, from Munich Re Life US.This acquisition marks a key step in MIB’s strategy to expand its capabilities in electronic health records (EHR) adoption for life insurance underwriting, according to InsurTech Insights.It also signals a broader partnership between MIB and Munich Re to improve data access and analytics, paving the way for more automated and streamlined risk assessments.The value of the deal has not been disclosed, but the acquisition will integrate Clareto’s expertise into MIB’s existing EHR platform, combining it…

Games drove the creation of GPU processors back in the 1990s, so it’s only fitting that artificial intelligence — the technology that GPUs are used to power nowadays — is making its way into nearly every aspect of video game design. In keeping with that trend, on Wednesday a startup called Sett — which is building AI agents to build and run mobile games — is emerging from stealth with $27 million in funding.  The funding was raised in two tranches, the most recent of which was a $15 million Series A, led by Bessemer Venture Partners. Saga VC, Vgames…

Rubrik co-founder Soham Mazumdar, who left in 2023, has a new data startup called WisdomAI. The company offers AI data analytics that can deliver business insights with structured, unstructured, and even “dirty” data, meaning data not cleaned of typos or errors. Working with data where and how it is, that’s essentially the holy grail for enterprise business intelligence software and why Coatue led the giant seed round of $23 million. Madrona, GTM Capital, The Anthology Fund, and others also participated.  Rather than asking a data analytics team to run reports, business managers can ask WisdomAI questions and drill into the…

Tech executives have long talked about how AI is going to revolutionize the advertising industry. In particularly, Meta CEO Mark Zuckerberg has been quite vocal about how exactly he wants his company to lead the transformation. Speaking onstage at Stripe’s annual Sessions conference in San Francisco on Tuesday, Zuckerberg laid out his plans to automate the entire ad industry with a black-box, end-to-end AI ad tool. A key component of such a product would entail putting thousands of AI-generated “test” ads in front of Facebook, Instagram, and Threads users, said Zuckerberg. “The basic end goal here is any business can…

After hinting at a new AI-powered search experience during its recent earnings call, Netflix officially unveiled the feature at its tech and product event on Wednesday.  This new search experience will utilize OpenAI’s ChatGPT to provide users with a conversational discovery experience. Users can enter their preferences using natural phrases like “I want something funny and upbeat” or even more detailed requests, such as “I want something scary, but not too scary, and maybe a little bit funny, but not haha funny.” The feature is set to roll out this week to iOS users as an opt-in beta. Some subscribers…