UK regulator warns of "arms race" to keep up with AI use in financial services

UK regulator warns of "arms race" to keep up with AI use in financial services

fivenewscrypto    juillet 06, 2026   

Regulators are in an “arms race” to keep up with the use of artificial intelligence in financial services, a senior UK official has warned, with millions of people using the technology to help them make personal finance decisions.

Sheldon Mills, an executive director at the Financial Conduct Authority, told the FT the watchdog would need greater powers to stay on top of the rapid growth of AI and urged UK authorities to review whether the use of ChatGPT, Claude, Gemini, and other large language models should be subject to their rules.

Speaking ahead of the publication on Monday of an FCA-commissioned report he has written on the impact of AI in financial services, Mills said regulators in the area would have to embrace AI themselves to keep up with the “speed, pace, and scale of change” the technology is bringing to the sector and to help “monitor, detect, and tackle the risks.”

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Bentley teases its first EV, the Torcal

Bentley teases its first EV, the Torcal

fivenewscrypto    juillet 06, 2026   

Bentley is preparing to add a fourth model to its rarified lineup, and today we know what it will be called: the Torcal. The carmaker has been working on its first electric vehicle for a while now; it was seen testing in the Arctic Circle late last year, giving us a sneak peek at the interior. A few weeks ago, another example was spotted at the Nürburgring.

Speculation had been mounting over what Bently would call its first battery EV—although sleuths spotted a European and UK trademark filing for Torcal earlier this year, the absence of a related US trademark filing led Car and Driver to suggest the car might be badged the Bentley Barnato instead. This referenced Woolf Barnato, who raced Bentleys with great success in the pre-war period, including three wins at the 24 Hours of Le Mans (1928, 1929, and 1930).

El Torcal de Antequera Nature Park in Andalusia, Spain. Credit: Matthias Balk/picture alliance via Getty Images

Instead, Bentley continues a convention it has used for the Bentayga, Bacalar, and Batur, taking a name from a natural landmark—in this case, El Torcal de Antequera, a spectacular collection of limestone rock formations in Spain. When the automaker noted that the name is also derived from the Latin "torquere"—the root from which the modern word torque also traces back to—that seems to be a clue that the Torcal will use an electrified powertrain, as these provide immense amounts of effortless torque.

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The Czinger 21C might be the wildest car we drive all year

The Czinger 21C might be the wildest car we drive all year

fivenewscrypto    juillet 06, 2026   

The temptation with a car like the Czinger 21C is to treat it as a collection of extreme specifications, and to be fair, it’s certainly not lacking in that department.

At its most basic level, the carbon-fiber-bodied 21C is a hybrid hypercar built around a bespoke 2.88-liter twin-turbocharged flat-plane crank V8 that revs to a searing 11,000 rpm. This power plant is matched up with a three-motor electric system—one electric motor drives each front wheel while a third serves as a crank-driven starter-generator. Combined output is rated at 1,250 hp (932 kW) and 691 lb-ft (937 Nm) of torque.

A seven-speed automated manual transaxle handles gear changes, chosen in part for its low mass and ability to tolerate high torque loads without the packaging penalties of a dual-clutch system. Tipping the scales at under 3,700 lbs (1,678 kg) with fluids, the 21C VMax is capable of hitting 60 mph (97 km/h) from rest in 1.92 seconds on its way to an 8.6 second quarter mile and a 253 mph (378 km/h) top speed, while the road course-focused 21C High Downforce model recently secured lap records at no less than five different California racetracks during a thousand-mile (1,600 km) road trip.

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Chemical accidents rise as Trump administration proposes weakening safety rules

Chemical accidents rise as Trump administration proposes weakening safety rules

fivenewscrypto    juillet 06, 2026   

Physicist Ronald Koopman appeared at a Southern California Air District meeting in 2018 to talk about what seemed like an arcane scientific topic: hydrofluoric acid dispersion and water mitigation testing.

Hydrofluoric acid, also known as hydrogen fluoride or HF, is used to manufacture a range of materials, including refrigerants, gasoline, fluorine-based pesticides and fluoropolymers like those used to make Teflon. It’s also one of the most corrosive and dangerous chemicals known. Koopman conducted experiments with the chemical in the 1980s that warned about the potential of deadly accidents at facilities that use the hazardous materials.

With the Trump administration poised to roll back rules intended to protect workers and communities from catastrophic industrial chemical releases, and a new analysis showing rising rates of chemical accidents, Koopman’s presentation on highly hazardous materials has taken on a new urgency.

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The missing 500 million: Cosmic bombardment melted Earth's first crust

The missing 500 million: Cosmic bombardment melted Earth's first crust

fivenewscrypto    juillet 06, 2026   

Earth is the only planet we know of with buoyant, silica-rich continents. But, despite decades of research, geologists still don't agree on how they formed. "The continents started appearing around about four billion years ago—that's the oldest continental rock we know about,” said Tim Johnson, a geologist at Curtin University in Perth, Australia. “The Earth is four and a half billion years old, so why they started appearing then is unknown, as is the mechanism to make that continental crust."

Johnson and his colleagues are now arguing that the formation of continents on Earth was caused largely by an intense, sustained barrage of asteroid impacts that kept the early crust hot and thin enough to make buoyant continents possible. In short, the lands we live on are here because of ancient bombardment from space.

Plates and plumes

The problem with studying the formation of continents is that the geological evidence of this process is almost gone. The oldest known continental-type rocks crystallized around 4.03 billion years ago, right at the end of the Hadean eon (the earliest era in Earth’s history, spanning the first 500 million years of its existence). Rare basaltic rocks date back about 4.2 billion years, and a handful of the oldest zircon crystals push the record back to 4.4 billion years. Beyond that, there's hardly anything else. So, scientists looking into the origin of continents had to rely largely on educated guesses. “There are huge debates about what was going on in the early Earth, because the data is so scarce,” Johnson said.

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Review: Supergirl is not the disaster its low box office suggests

Review: Supergirl is not the disaster its low box office suggests

fivenewscrypto    juillet 06, 2026   

Pour one out for Supergirl, the latest installment in the DCU's Gods and Monsters chapter, which has been beset by online troll attacks, mixed reviews, and a very disappointing opening weekend box office—not the outcome Warner Bros. was hoping for with this follow-up to last year's Superman. It's actually a pretty good movie, as such films go, but it's not a great movie. And in today's over-saturated superhero market, that's just not sufficient to get people out of their homes and into theaters, rather than waiting for the film to come to streaming platforms.

(Some spoilers below but no major reveals.)

The studio tapped Ana Nogueira to write the script, a holdover from the former DCEU plans for a standalone Supergirl film. (The character appeared in the finale of 2022's The Flash, played by Sasha Calle.) The project was reimagined when James Gunn and Peter Safran took over and launched the "soft reboot" DCU. Director Craig Gillespie (Lars and the Real Girl, I Tonya) signed on to direct.

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When the ability to smell goes away

When the ability to smell goes away

fivenewscrypto    juillet 06, 2026   

About 14 years ago, Chrissi Kelly lost her sense of smell. She had traveled to the Czech Republic to visit family and caught some virus. Months later, when she still couldn’t smell, she made the rounds to doctors, including her general practitioner and an ear, nose and throat specialist, trying to find answers.

She was diagnosed with anosmia (smell loss), and like many patients with her condition, was told she’d have to learn to live with it. But for her, the loss was catastrophic. “After about six months of complete loss, I was just climbing the walls, and I did not feel like myself anymore,” she says.

Researchers estimate that up to 22 percent of the population lives with smell impairments, like hyposmia (partial smell loss) or anosmia (complete smell loss). And many others live with smell disorders like phantosmia, in which a person picks up phantom smells, or parosmia, where typically pleasant scents like coffee or shampoo begin to register as highly unpleasant (think feces or vomit). Yet the conditions have been poorly understood, underdiagnosed and often minimized by clinicians.

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