[7/9 09:00] Senator Banks warns of Chinese AI mining US pharma patents / Intel executive warns AI won't replace the need to study

AI News Flash for July 09, 2026 at 09:00 UTC. Topics: 1. Senator Banks warns of Chinese AI mining US pharma patents https://www.iam-media.com/article/us-senator-urges-lutnick-squires-tackle-chinese-ai-mining-of-pharma-patent-filings 2. Intel executive warns AI won't replace the need to study https://www.calcalistech.com/ctechnews/article/h1w8jio7ge 3. Four small nuclear reactors reach criticality, powering AI data centers https://www.technologyreview.com/2026/07/09/1140235/nuclear-reactor-milestone-criticality/ 4. 85% of financial firms plan to raise AI budgets - PYMNTS survey https://www.pymnts.com/news/artificial-intelligence/2026/85percent-financial-firms-plan-ai-budget-increases/