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Bloomberg : As wealth managers confront an AI reckoning, the tech is, for now, easing their workloads by picking up routine tasks, freeing up more time to advise clients   —  Wealth managers, who can make upwards of $500,000, are confronting a chatbot reckoning.  —  Down the Wealth Walkway on South Beach …

Wall Street Journal : KPMG survey: only 26% of companies have a comprehensive view of their AI costs, while 50% have some visibility and 22% have none or only see costs after billing   —  Only 26% of companies say they have a comprehensive view of their AI costs, according to a new survey

Caleb Mutua / Bloomberg : Report: in May, supply of unsecured bonds from hyperscalers passed $155B, up over 45% from 2025's total issuance; some AI-infra bond sales are 4x oversubscribed   —  Credit heavyweights like DoubleLine Capital LP and Oaktree Capital Management are buying debt now that can perform …

California Republican gubernatorial candidate Steve Hilton launched a new campaign ad Saturday targeting former Biden administration official Xavier Becerra, signaling the general election fight may already be underway even as primary ballots continue to be counted. The 55-second ad mocks Becerra's lengthy political career and record in government, portraying the Democrat as a continuation of California's political status quo. The ad features silent clips of Becerra appearing on an old-fashioned TV screen while captions flash across the screen, including: "I've been a career politician for 36 years. Vote for me." Other captions reference issues likely to become central themes in the governor's race, including homelessness, California's high-speed rail project and Becerra's tenure as secretary of Health and Human Services in former President Joe Biden 's administration. HILTON, BECERRA, IN THE LEAD WITH VOTES STILL BEING COUNTED IN BATTLE FOR CALIF...

Robert Wright / Financial Times : Several UK police forces have been told to stop using AI to prepare court statements, citing concerns that inaccurate outputs could contaminate legal procedures   —  Safeguards must be in place before forces automate justice tasks, says head of Police.AI  —  A number of UK police forces …

Pennsylvania's Republican Attorney General Dave Sunday detailed how his state has become number one in the country in convicting Medicaid fraudsters in an exclusive interview with Fox News Digital. "As you know, in Pennsylvania we had the most Medicaid fraud convictions in the entire country last year. And the reason for that is because of how aggressively we investigate and prosecute these cases," Sunday told Fox News Digital. "We have an absolute moral duty to protect the most vulnerable amongst us. And one of the ways we can do that is making sure that the resources that are meant to go to them actually get to them," he continued. Amid a strong push from the White House to investigate and prosecute fraud nationwide — demonstrated through Vice President JD Vance's White House Task Force to Eliminate Fraud — Medicaid fraud in particular has come into the spotlight. I'M OHIO'S STATE AUDITOR — MEDICAID FRAUD IS NOT JUST A WASHINGTON PROBLEM In May, V...