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TSX:6098 12 July 2025

AI News Today: Shocking Breakthroughs, Job Shakeups, and the Battle for Human Values / Updated: 2025, July 12th, 12:01 CET

AI News Today: Shocking Breakthroughs, Job Shakeups, and the Battle for Human Values / Updated: 2025, July 12th, 12:01 CET

Google DeepMind hired Windsurf CEO Varun Mohan and key R&D staff after OpenAI’s $3 billion acquisition bid for Windsurf collapsed, and secured a non-exclusive license to Windsurf’s technology. Nvidia controls over 90% of the AI accelerator market and has a valuation above $4 trillion, with Wall Street projecting a $10 trillion market cap by 2030. Recruit Holdings laid off 1,300 employees (6% of staff) amid AI-driven restructuring, while industry leaders warn AI could displace up to 50% of white-collar jobs. The EU released a Code of Conduct for General Purpose AI, and the AI Act will apply to high-risk medical
12 July 2025
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Stock Market Today

  • BCE, Telus weigh AI spending against TSX dividends
    June 29, 2026, 9:24 PM EDT. BCE and Telus are putting more money into AI infrastructure, a move that is hitting dividends for both TSX telecoms. BCE committed $1.3 billion to a new AI data centre, looking for $500 million in annual revenue and $250 million free cash flow from it, but said it would cut its 2025 dividend by 56%. The company is now focusing on deleveraging and keeping its payout manageable over chasing dividend growth. Telus is targeting over $66 billion for AI projects in five years, which could push back its aim for 10% free cash flow growth and cutting debt by 2028. Telus has kept up dividends but hasn't seen its stock rally like BCE. Both are facing tight dividend growth as they shift spending to AI and focus on the balance sheet.
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