Over 100 UK parliamentarians launch urgent campaign for binding AI regulations, challenging government to resist US influence on frontier systems approaching superintelligence. Meanwhile, the Magnificent Seven tech giants now control one-third of the entire S&P 500's value, raising critical questions about whether AI represents the biggest financial bubble since the dot-com crash. Plus, Melbourne researchers discover AI's surprising failure at standup comedy, revealing fundamental limitations in artificial intelligence that challenge assumptions about machine capabilities. These three stories expose AI at a pivotal crossroads—powerful enough to warrant existential concern, financially concentrated enough to threaten market stability, yet unable to master basic human skills.

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