[7/8 06:00] House Republicans probe US companies using Chinese AI models / Apple begins testing CXMT memory chips for China devices

AI News Flash for July 08, 2026 at 06:00 UTC. Topics: 1. House Republicans probe US companies using Chinese AI models https://www.cnbc.com/2026/07/08/chinese-ai-models-probe-us-lawmakers.html 2. Apple begins testing CXMT memory chips for China devices https://www.cnbc.com/2026/07/08/apple-begins-testing-cxmt-chips-for-devices-sold-in-china-ft-says-.html 3. Revolut building an AI brain for banking https://www.forbes.com/sites/bernardmarr/2026/07/08/revolut-is-building-an-ai-brain-for-banking-and-it-could-change-finance-forever/ 4. Australian pension fund plans to buy AI dips despite bubble fears https://www.bloomberg.com/news/articles/2026-07-08/australian-pension-shrugs-off-ai-bubble-fears-plans-to-buy-dips