Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). The firm, which has its headquarters in the UK, said it will cut more than 15%, or around 7,800, back-office roles by 2030. The BBC understands that Standard Chartered aims to move some of the effected workers to other roles in the business. Companies around the world have announced major job cuts in recent months as they increasingly use AI tools for roles currently carried out by humans. The company did not give details of where the roles would be cut.

Representation Autoencoders (RAE) replace traditional VAE with pretrained vision encoders. In this paper, we systematically investigate several design choices and find three insights which simplify and improve RAE. First, we study a generalized formulation where the representation is defined as sum of the last k encoder layers rather than solely the final layer. This simple change greatly improves reconstruction without encoder finetuning or specialized data (e.g., text, faces). Second, we study the prevalent assumption that RAE (using pretrained representation as encoder) replaces representation alignment (REPA), which distills the same representation to intermediate layers instead. Through large-scale empirical analysis, we uncover a surprising finding: RAE and REPA exhibit complementary working mechanisms, allowing the same representation to be used as both encoder and target for intermediate diffusion layers. Finally, the original RAE struggles with classifier-free guidance (CFG) and requires training a second, weaker diffusion model for AutoGuidance (AG). We show that REPA itself can be viewed as x-prediction in RAE latent space. By simply re-parameterizing the output of the DiT model, it can provide guidance for "free". Overall, RAEv2 leads to more than 10x faster convergence over the original RAE, achieving a state-of-the-art gFID of 1.06 in just 80 epochs on ImageNet-256. On FDr^k, RAEv2 achieves a state-of-the-art 2.17 at just 80 epochs compared to the previous best 3.26 (800 epochs) without any post-training. This motivates EP_FID@k (epochs to reach unguided gFID <= k) as a measure of training efficiency. RAEv2 attains an EP_FID@2 of 35 epochs, versus 177 for the original RAE. We also validate our approach across diverse settings for text-to-image generation and navigation world models, showing consistent improvements. Code is available at https://raev2.github.io.

Pope Leo XIV holds the weekly general audience in St. Peter's Square at the Vatican on May 13. | REUTERS VATICAN CITY - Pope Leo will address the rise of artificial intelligence in his first in-depth text outlining his concerns, the Vatican said on Monday, adding that it would be unveiled on May 25 by the pontiff himself. The document, known as an encyclical, is likely to decry the use of AI in warfare and address how the technology is challenging workers' rights, according to sources. It will be titled "Magnifica Humanitas" (Magnificent Humanity) and was formally signed by the pope on Friday ahead of publication, a Vatican statement said. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.

Elon Musk just lost another lawsuit. Elon Musk, the world's richest man, has not been winning in court lately. His loss on Monday in his lawsuit against OpenAI and its co-founder Sam Altman is the latest in a string of legal defeats or settlements. Late last year he agreed to settle with former Twitter executives and thousands of former employees of the social platform, which he has renamed X, after fighting for years to pay them nothing. Then in March, he lost a case brought against him by investors of Twitter, who claimed they were misled by public statements he made during the takeover.

Hannah Jeter makes rare public appearance and still fires heat, Shania Twain's new look stuns & HOA Karen! 'Yellowstone' fans go absolutely wild for Taylor Sheridan's new spinoff, ratings soar Chiefs heiress Gracie Hunt might have set a bridesmaids record, fighting in the Dover parking lot & wings! Nothing to see here: Cowboys quarterback Dak Prescott and his ex's bridesmaid are just friends Can't sleep, Japanese bear-fighting robo-wolves will eat me and a gorilla trade captivates the nation A replica of KITT from'Knight Rider' got a traffic ticket in another state despite being in a museum Jena Sims covers her butt with a bow at the SI Swimsuit party, the NFL saves us from Romo & is Star Wars dead? Taylor Sheridan shocks'Yellowstone' fans with new spinoff series, provides viewers with dark ride Early reviews for new'Star Wars' movie are generally horrific, but does anyone even care at this point? Trump says Iran knows what's going to happen soon as military options weighed Shooting at Islamic center of San Diego'active but contained,' police say South Carolina AG calls out Murdaugh attorney's'bald-faced allegations' after civil rights suit Trump-backed Gallrein blasts Massie as'misrepresentative,' defends record ahead of Kentucky primary Barstool founder Dave Portnoy blasted the WNBA's latest marketing move as the most idiotic promo in sports history, and Dan Dakich is jumping into the fray. Watch as Dan reacts to Portnoy's viral rant before delivering his own unfiltered take on how the league is fumbling its biggest cash cow, Caitlin Clark.

A new report alleges foreign influence from China, including state media and funded nonprofits like CodePink, is driving campaigns to block U.S. AI data center projects.

In its first week, the seventy-ninth edition of the festival unveiled standout new works by James Gray, Paweł Pawlikowski, and Ryûsuke Hamaguchi. Attend the Cannes Film Festival long enough, and you will grow wearily accustomed to the reality that some of the best films to première there are routinely overlooked for prizes. Lee Chang-dong magnificently unsettling psychological chiller, "Burning," failed to ignite the excitement of the 2018 jury. The tragicomic glories of Maren Ade's " Toni Erdmann," from 2016, were just as inexplicably unrewarded. Jurors shut out David Cronenberg's "A History of Violence," in 2005; Hou Hsiao-hsien's "Flowers of Shanghai," in 1998; Krzysztof Kieślowski's "Three Colors: Red," in 1994; Martin Scorsese's "Alice Doesn't Live Here Anymore," in 1975; and--the tradition goes way back--Vittorio De Sica's "Umberto D.," in 1952.

Chiefs heiress Gracie Hunt might have set a bridesmaids record, fighting in the Dover parking lot & wings! Nothing to see here: Cowboys quarterback Dak Prescott and his ex's bridesmaid are just friends Can't sleep, Japanese bear-fighting robo-wolves will eat me and a gorilla trade captivates the nation A replica of KITT from'Knight Rider' got a traffic ticket in another state despite being in a museum Jena Sims covers her butt with a bow at the SI Swimsuit party, the NFL saves us from Romo & is Star Wars dead? Taylor Sheridan shocks'Yellowstone' fans with new spinoff series, provides viewers with dark ride Early reviews for new'Star Wars' movie are generally horrific, but does anyone even care at this point? Retired Navy admiral makes bombshell claim about UFOs and'non-human intelligence' controlling them Mother's Day chaos at a steakhouse includes knives thrown at waiters and a touching mother-daughter arrest Japanese bear-fightin' robo-wolves are pure unleaded nightmare fuel but they're working Trump-backed Gallrein blasts Massie as'misrepresentative,' defends record ahead of Kentucky primary Expert criticizes Iran's'illusion of diplomacy,' efforts to prolong conflict with US Dr. Ben Carson urges Americans to'stand up for what they believe in' after Rededicate 250 event Armando Salguero explains why everyone wins with the Steelers and Arron Rodgers deciding to join forces again for one more season. An area of Yangmingshan National Park, which is just north of Taipei in Taiwan, is getting a lot of attention after footage captured on a wildlife livestream went viral.

Amazon recall text scams are targeting consumers with fake order numbers and suspicious links designed to steal login credentials and payment details.

Chiefs heiress Gracie Hunt might have set a bridesmaids record, fighting in the Dover parking lot & wings! Nothing to see here: Cowboys quarterback Dak Prescott and his ex's bridesmaid are just friends Can't sleep, Japanese bear-fighting robo-wolves will eat me and a gorilla trade captivates the nation A replica of KITT from'Knight Rider' got a traffic ticket in another state despite being in a museum Jena Sims covers her butt with a bow at the SI Swimsuit party, the NFL saves us from Romo & is Star Wars dead? Taylor Sheridan shocks'Yellowstone' fans with new spinoff series, provides viewers with dark ride Early reviews for new'Star Wars' movie are generally horrific, but does anyone even care at this point? Retired Navy admiral makes bombshell claim about UFOs and'non-human intelligence' controlling them Mother's Day chaos at a steakhouse includes knives thrown at waiters and a touching mother-daughter arrest Japanese bear-fightin' robo-wolves are pure unleaded nightmare fuel but they're working Dr. Ben Carson urges Americans to'stand up for what they believe in' after Rededicate 250 event Trump sends WARNING to Iran: 'CLOCK IS TICKING' Trump warns Iran'the clock is ticking' as US discusses military options The'Tennessee Fan' singer's album'I'm the Problem' went 4x Platinum but he left without a single trophy Country music star Reba McEntire says the cowboy way of life brought her and boyfriend Rex Linn together in an interview with Fox News Digital ahead of the ACM Awards. Morgan Wallen was iced out Sunday at the ACM Awards, and country music fans aren't happy.