The inaugural Global AI Governance Dialogue opened in Geneva on July 6, drawing about 1,500 delegates for a two-day forum on international AI governance. UN Secretary-General Guterres said AI is advancing at a staggering pace and urged collective steering rather than being led by the technology. The event, the first to give every country a voice, aims to convert broad participation into coordinated action to make AI safer, fairer, more accessible and ethically aligned. Agenda priorities include

FCA executive director Sheldon Mills said regulators are in an "arms race" to keep pace with AI adoption in financial services and need broader powers, the FT reported. He urged UK regulators to assess whether large language models such as ChatGPT, Claude and Gemini should be brought within regulatory rules. Mills said regulators must themselves adopt AI to match the technology’s "speed, tempo and scale" and to "monitor, detect and respond to risks." A report by Mills warned that heavy personalization can improve product fit but may also produce algorithmic bias, opaque pricing and targeted manipulation. It recommends the FCA conduct a review within three to six months of risks from firms providing financial services outside the regulatory perimeter and potential consumer harm from rising use of AI in personal finance.

According to a HKEX filing, Tencent Holdings (00700.HK) repurchased 465,000 shares on July 6 for HK$204.8 mln.