Image caption, Elon Musk became the world's first trillionaire when SpaceX floated SpaceX's share price has dropped below its stock market debut just over a month ago, falling sharply from a post-float peak. The price for a single share in Elon Musk's rocket, satellite and artificial intelligence (AI) company fell to $132.62 (£98.24) on Wednesday, below its initial listing of $135 in June. SpaceX's initial public offering (IPO) made Musk the world's first trillionaire. Compared to its on-the-day high so far, the stock price is now down 41%. If the price holds, or falls further, it will mean that those who purchased stock around the time of its flotation will stand to lose money on their investment.

UK fears a'triple whammy': oversized investment in AI stocks, slower adoption of AI than predicted and the breakneck pace of AI's development The UK wants a piece of the mammoth global investment in AI but fears it as well. In the coming weeks, the Bank of England is planning to ease capital rules to help encourage more lending. But the central bank simultaneously expressed concerns that there are too many loans going to investors like hedge funds, who are using that money to buy up AI stocks. The central bank's moves reflect the country's global position: hoping to catch up to the US and China in the AI race, struggling to mobilize its resources to do so, and too wary of the risks to go full bore. UK banking regulators have recently been under enormous pressure to do more to stimulate growth, my colleague Kalyeena Makortoff this week reports.

The SpaceX IPO made history. Is the excitement still there? SpaceX investors have swung from celebration to apparent concern in its first month as a publicly traded company. When shares in the firm, co-founded and led by Elon Musk, first became available for individuals to buy on the public stock market on 12 June, there was an investor frenzy . Although the company had decided to price its shares at $135 each, the price immediately shot up to $150 that first day, climbing to $176, before closing at $160.95.

Some view solely AI as a threat - but experts say there are jobs that can help offer a more secure future (and even get ahead). Some view solely AI as a threat - but experts say there are jobs that can help offer a more secure future (and even get ahead). Safe from AI: which jobs will help you thrive in the future? Entering the world of work often brings some uncertainty, but now there is another question: how can I AI-proof my career? We asked people from across various industries what they think the impact of AI will be on careers, and which jobs may be less affected.

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The BoE and City regulator the Financial Conduct Authority will aim to ensure the four main providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber attack. The BoE and City regulator the Financial Conduct Authority will aim to ensure the four main providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber attack. Direct oversight of'critical third parties' such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economy The Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers. From Monday, the Bank and fellow City regulator the Financial Conduct Authority (FCA) will be in charge of ensuring that four large-scale providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber-attacks and major outages that could disrupt services for millions of people and businesses across the UK. This will mean having "direct" oversight of local arms of Amazon Web Services, Google Cloud, Oracle and Microsoft, all of which have been identified as "critical third parties" by the UK government, according to an announcement on Friday.

South Korean chip giant SK Hynix has raised a record-breaking $26.5bn ahead of its Wall Street debut amid soaring demand for semiconductors used in AI. SK Hynix said on Friday that it had sold 177.9 million American depositary shares (ADS) at $149 each ahead of its listing on the New York-based Nasdaq stock exchange. SK Hynix's 177.9 million ADSs are equivalent to 18 million ordinary shares. SK Hynix's initial public offering (IPO) marks the largest-ever listing by a foreign company in the US, surpassing Chinese e-commerce giant Alibaba's $25bn debut in 2014. The listing also ranks as the second-largest globally, after SpaceX's record-breaking $85.7bn Nasdaq listing in June.

AI has prompted fears over job security for City workers, particularly staff that do back-office work. AI has prompted fears over job security for City workers, particularly staff that do back-office work. Reeves to launch City'skills compact' committing firms to retrain staff in AI Chancellor Rachel Reeves is to announce a new City "skills compact" that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution. The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves's final Mansion House speech to City bosses before Andy Burnham's expected takeover of No 10. The government-backed initiative will commit employers to improving workers' skills and helping them "keep pace" with significant technological changes that have prompted fears of mass redundancies.

South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US. The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 each. The shares are set to begin trading on Friday on the Nasdaq. In May, SK Hynix saw its market value top $1tn in its home country, lifted by the boom in demand for AI chips. Its share price has more than tripled in South Korea this year, which along with Samsung Electronics has helped boost the benchmark Kospi index by more than 70% over the same period.

Silicon Valley is making a show of helping prepare the country for AI layoffs. In late March, I started receiving daily texts from the federal government about AI. " AI is changing how we work and live," one message read. "You might feel curious, skeptical, or unsure--that's normal." I had enrolled in an AI-literacy course from the Labor Department created to help workers succeed in the ChatGPT economy. The weeklong program, created in partnership with an AI start-up and delivered by text message, was supposed to equip Americans with "foundational AI skills," according to an agency press release.