Space-Eyes, a Miami geospatial-intelligence company backed by Eric Trump, plans to go public through a $638 million blank-cheque deal, deepening the family’s defence-tech ties. A defence-technology company backed by Eric Trump is preparing to go public through a $638 million SPAC merger, deepening the Trump family’s already extensive ties to the national-security industry. Space-Eyes, a […]

Amazon shares jumped more than 12% after its cloud division posted its fastest growth in over four years, easing investor fears that the company’s ballooning AI spending was running ahead of the payoff. Amazon Web Services grew 37% in the second quarter, well past the roughly 31% analysts expected, adding something like $300bn to Amazon’s […]

Companies that make or use AI will soon have to label content that looks authentic but is not, as the European Union’s landmark AI Act moves from principle into enforcement. From 2 August, providers and deployers across the bloc face binding transparency rules covering deepfakes, synthetic media, and machine-generated text, a shift platforms have been […]

Hyderabad cybercrime police have filed a report against Meta India chief Arun Srinivas over AI-altered videos of Prime Minister Narendra Modi, escalating friction between the government and the platform. Police in Hyderabad have registered a criminal case against Meta’s India head over AI-altered videos of Prime Minister Narendra Modi that circulated on Facebook and Instagram, […]

The Munich Regional Court ruled that Suno trained on GEMA-represented songs without permission and reproduced them, in one of Europe’s first binding decisions on AI-generated music. German court has ruled that Suno, one of the world’s most popular AI music generators, broke copyright law by training on protected songs without permission, in one of Europe’s […]

Apple delivered its best-ever June quarter for iPhone sales and watched its shares fall anyway, as a warning about supply constraints and rising costs unnerved investors. The stock dropped more than 7% before Friday’s open, wiping out something in the region of $360bn in market value, days after Tim Cook had already warned that a memory-chip […]

Lloyds Banking Group is betting on artificial intelligence to strip £2bn from its costs by 2030, the clearest sign yet that Britain’s biggest high-street lender sees automation as central to its future. The target, unveiled alongside half-year results that showed pre-tax profit up 23%, lands just as Morgan Stanley warns European banks could shed a […]

A coordinated intrusion knocked out industrial controllers at more than 30 Minnesota water systems. The US cyber-defence agency is telling utilities to get that hardware off the internet. The US cyber-defence agency has warned that hackers are increasingly targeting the country’s water systems, urging utilities to lock down the industrial controllers that keep taps running. […]

Tesla is weighing whether to sell, spin off, or shut down its China business to clear a path for a possible merger with SpaceX, according to a Wall Street Journal report that Elon Musk has publicly and flatly denied. The move would untangle Tesla’s vast Chinese manufacturing from a defence contractor whose Beijing exposure has […]

Most Australian teenagers are still using social media three months after the country’s world-first under-16 ban took effect, according to a new study from the eSafety Commissioner that undercuts one of the government’s flagship online-safety policies. The share of teens using social media slipped only from 86% to 81%, the regulator found, even though platforms […]