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The Latest Breaking News from the Financial Times

Telegram chief’s arrest sends a clear message: tech titans are not above the law

The detainment of the murky messaging service’s founder in France shows the online moguls can no longer act with impunity

The Guardian - UK

‘Everyone failed them’: what the papers say on report into deadly Grenfell Tower fire

British papers home in on push for criminal charges after inquiry blames 2017 disaster on government failures and dishonesty of companies

The Guardian - AU

Telegram: The Global Rise Of Libertarian Chat App

The boss of social media platform Telegram has been arrested in France, accused of allowing the sharing of illegal content.

International Business Times

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Ship captain who saw Mike Lynch's yacht sink blames 'extreme mast'

"The center of gravity is too high with this extreme mast," Dutch ship captain Karsten Börner told the Financial Times.

Fortune

PwC, a ‘Big 4’ auditing firm, is reportedly bracing for a 6-month ban in China

The ban stems from PwC’s work with Evergrande, the bankrupt real estate developer whose default helped trigger China’s real estate crisis.

Fortune

Paris Olympics boosts eurozone economic growth; UK business activity accelerates –as it happened

Olympic Games has delivered France’s best month of growth since March 2023, while UK economy is also strengthening in August

The Guardian - UK

OpenAI strikes deal to use content from The New Yorker, Vogue, Vanity Fair

AI startup’s announcement follows similar deals with The Financial Times, the Associated Press and News Corp.

Al Jazeera

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SoftBank's Intel AI processor plans in doubt as insiders say it is now considering a TSMC partnership

SoftBank had to start talks with TSMC after it canceled plans to produce AI processors with Intel as the company failed to meet production requirements.

Tom’s Hardware

60 Percent of Voters Want Kamala Harris To Abandon Bidenonomics

A new survey suggests that neither Harris nor Donald Trump have won over a majority of voters with their respective economic visions.

Reason

Former Republican House speaker urges Trump to ‘stop questioning’ size of Harris’s crowds – as it happened

Kevin McCarthy urges former president not to attack Harris on personality issues after he falsely claimed VP used AI to inflate rally attendance

The Guardian - US

Google and Meta reportedly skirting their own rules to ad target young teens, shows why tech giants cannot regulate themselves

Google and Meta reportedly teamed up to create ads targeting young teens, which proves why tech giants can't be trusted to regulate themselves.

TechRadar

Kamala Harris's advisers reportedly reach out to crypto industry with 'pro-business, responsible business' message

The Harris campaign's crypto outreach effort has included Coinbase, Circle, and Ripple Labs, sources told the Financial Times.

Fortune

JPMorgan’s new AI chatbot could make the bank operate like the intelligence community, startup CEO says

With the new AI tool, the bank could transform its research desks to have “a hybrid of human and AI analysts.”

Fortune

The U.S. reigns supreme in AI startups while China ensures chatbots have 'core socialist values'

The number of AI companies founded in the U.S. between 2013 and 2023 totaled 5,509, more than all the other countries combined, S&P Global said.

Fortune

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The Guardian - AU

‘Computer says no’: what the papers say after IT outage causes global chaos

‘Digital pandemic’, ‘havoc’ and ‘meltdown’ were some of the most common phrases in UK headlines after botched CrowdStrike software update

Tom’s Hardware

Intel Capital's investments in Chinese AI startups draw US govt attention — firm invests in 43 Chinese tech companies

Intel Capital holds stakes in 43 Chinese ventures, and sometimes, its goals align with those of the Chinese government.

Fortune

Qualcomm sues China's Transsion, the 'Smartphone King of Africa,' for infringing on its patents

Transsion has almost half of Africa's smartphone market and the company is expanding in South Asia and other emerging markets.

The Independent UK

India warns UK not to impose deadline on trade talks

India warned the UK against imposing a deadline on the already stretched-out trade talks as it remained optimistic about closing the deal "very quickly" with the new Labour government.

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Android Central

News Weekly: Samsung's devices leak ahead of Unpacked, a new Pixel 9 colorway and more

Series of devices leak ahead of Samsung's summer Unpacked, Pixel 9 leaks in a new color, Pixel devices get the July patch, Netflix is losing its ad-free tier, and why Google wants to use music to train its AI models.

The Guardian - AU

‘Now we begin’: what the papers say after Keir Starmer takes reins as UK prime minister

Forward-looking British front pages reflect the incoming government’s work ahead and the post-election-win jubilance of the Labour leader and his wife

The Guardian - UK

Millions go to the polls in general election – as it happened

Polling stations opened at 7am, with voting taking place until 10pm on Thursday night

The Guardian - AU

‘Tories braced for bleak night’: what the papers say as the UK votes

After six weeks, general election campaigning has come to an end and Keir Starmer and Rishi Sunak have made their final pitches to the country

The Guardian - UK

US service sector shrinks for first time since May 2020; UK private sector growth slows in ‘pre-election seize up’ – as it happened

Eurozone private sector also loses momentum

Android Central

Google wants to use music to train AI models, but record labels should push back

If artificial intelligence is going to eventually replace creative work, we certainly shouldn’t accelerate the process by helping.

The Guardian - AU

Ukraine war briefing: Russia blames US for deadly Ukrainian attack on occupied Crimea

Moscow says responsibility for strikes using US-supplied Atacms missiles ‘borne above all by Washington’. What we know on day 852

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People

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