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Amazon jumps as AWS growth soothes fears over its AI spending

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 […]

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AI labels become compulsory on authentic-looking content under EU rules

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 […]

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Sony pushes forward with ditching discs, despite backlash

Sony has received a lot of backlash from PlayStation fans since announcing that it’s killing physical game disc production, but that hasn’t swayed its decision. During Sony’s latest earnings call, chief financial officer Lin Tao said that while the company “put in a lot of thought and time” when considering the opposition put forward by […]

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