 Hi, you're receiving our free Tech In Brief newsletter because you had been getting one of Bloomberg's technology newsletters that are now subscriber-only. You can manage your subscriptions here. Tech Across the GlobeApple opens up AI: The iPhone maker plans to let outside artificial intelligence chatbots integrate with its next-generation Siri digital assistant. Chip restrictions: A US House committee pushed forward legislation that would require chipmakers step up their effort to keep artificial intelligence technology from being smuggled to China. EU probe: European regulators have opened an investigation into Snapchat's age verification process as they intensify their efforts to protect children online. Related StoriesRevaluedShield AI, which makes software to run drones and autonomous vehicles among other hardware, raised $2 billion at a valuation of $12.7 billion — more than double the level from a fundraising effort a year ago. Investors in the round included Advent International and existing backer Snowpoint Ventures. Must ReadThe chip industry — and investors — have focused recently on the expensive graphics processors that power artificial intelligence workloads. But Nvidia, the king of the AI chips, and Arm Holding last week introduced new central processing units, or CPUs, returning to prominence a chip that for decades had been the important component of everything from phones to supercomputers, Ian King reports in today's Tech In Depth. The moves show the CPU may again play a key role even in the age of AI, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world. EventHear from bold thinkers at SXSW London, June 1–June 6. Featuring Nick Clegg, Max Jaderberg (Isomorphic Labs) and Chris Levine on sovereign AI, drug discovery and where ideas really come from. The festival for the convergence of technology, business, and creativity that challenges thinking and shapes what comes next. This Week in Q&AIThe creator of OpenClaw, the viral open source AI agent, says the US could learn something from the way China has embraced cutting-edge artificial intelligence products, Shirin Ghaffary reports in this week's Q&AI. You've got questions about AI. We've got answers. Sign up for Bloomberg Technology's weekly Q&AI newsletter. More from BloombergGet Tech In Depth and more Bloomberg Tech newsletters in your inbox:
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The UK’s flood insurance crisis
A program isn't working as designed Read in browser Sometimes the best-laid plans can go awry. That's the issue the UK's flood insurance program is currently grappling with. Conceived as a way to help the most vulnerable, the program has seen the richest homeowners become the biggest winners . Today's newsletter looks at how that came about and how the program is trying to address it. Plus, Arctic sea ice tied a winter low that was set just last year. Did someone forward you this newsletter? Subscribe for free to to get more climate stories delivered straight into your inbox. Unintended consequences By Olivia Rudgard , Alastair Marsh , and Gautam Naik It's not how the program was supposed to work. But thanks to a legal anachronism, Britain's state-backed plan intended to help those most exposed to flooding has ended up favoring the country's richest property owners . Economists at the Bank of England have already suggested that Flood Re, the UK's...