Google (GOOG.O) senior AI leader Jeff Dean, an early hire who led the company’s AI strategy for about 15 years, will leave to launch a public‑benefit AI company called Discovery Loop and serve as its CEO. The venture aims to automate complex, multi-step scientific and engineering tasks to accelerate technological progress. Co‑founders include Google veterans Oriol Vinyals, Quoc Le and Sanjay Ghemawat; the four are among the world’s most-cited researchers and have driven advances in mathematics a

Federal Reserve official Kashkari told CNBC he remains open to future policy options but does not favor large rate increases. He said most recent inflation stems from supply shocks with some demand contribution and that his aim is to lower inflation, not slow the economy. Kashkari said it is time to begin raising rates gradually but opposed aggressive hikes, and stressed the value of continuing to explain the Fed's policy reaction function to the public, warning there is no 'magic' meeting count that dictates action.

South Korea June current account balance, not seasonally adjusted, USD 49.73 bln; prior USD 38.61 bln.