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Ireland takes the EU presidency with Big Tech paying 40 per cent of its tax bill

Ireland takes over the rotating presidency of the Council of the EU on 1 July, inheriting a legislative agenda that includes proposals to curb Europe’s reliance on American tech, simplify the bloc’s digital rulebook, decide whether to ban children from social media, and overhaul telecom regulations. The country holding the presidency is supposed to act as […]

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Getty Images soars after striking a deal with the kind of company it sued

For most of the generative-AI era, Getty Images has been the industry’s most determined courtroom opponent, the stock-photo giant that sued the people building image generators rather than licensing to them. On Monday it changed sides, and the market rewarded the pivot with the kind of move stock photos are not usually associated with. Getty […]

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SpaceX shares slide again as the post-IPO rally keeps unwinding

SpaceX shares looked poised to fall again as US markets reopened after the long weekend, extending a slide that has already erased much of the euphoria from the largest stock-market debut in history. The stock closed last week around $185, down roughly 18 per cent from the $225.64 it touched on 16 June, four days […]

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Seedcamp raises $320M and builds out a transatlantic bridge

Seedcamp has spent nearly two decades writing the first cheque into companies before anyone else was sure they were worth one. Revolut, Wise, UiPath, Synthesia, and Fluidstack all took early money from the London firm, and on Monday it said it had raised $320mn to keep doing the same thing for the next generation, with […]

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Canada buys Australian Arctic radar in A$2.5bn defence-export first

Australia has been refining the same unusual piece of radar for decades, a system that bounces signals off the ionosphere to see thousands of kilometres past the curve of the Earth, and for all that time it kept the technology to itself. On Sunday it sold it abroad for the first time. Canada agreed to […]

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Korea’s policy chief warns chip windfall could inflate housing

A semiconductor boom is a fine problem for a country to have, until you start asking where the money goes. That is roughly the question South Korea’s top economic policymaker put to the public this week. Kim Yong-beom, who heads policy planning in the presidential office, warned that the windfall from the AI-driven chip surge […]

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WeChat begins testing Xiaowei as Tencent eyes a Q3 AI rollout

WeChat is the rare app that already does almost everything. Chinese users message, pay, book, shop, and summon a taxi without ever leaving it, which is exactly what makes Tencent’s next move interesting: rather than build a separate chatbot and fight for downloads, it is putting an AI assistant on top of the app a […]

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SK Hynix overtakes Samsung as Korea’s most valuable company

For a quarter of a century, the most valuable company in South Korea was Samsung Electronics, and the question was never really open. On Wednesday it became open, and then it closed the other way. SK Hynix, the smaller of the country’s two memory-chip makers, passed Samsung in market capitalisation during intraday trading, taking the […]

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The American dream is ‘very dead’ for young Americans, says Mrs. Dow Jones

The American dream is “very dead” for millennials and Gen Z, according to financial influencer Haley Sacks, better known as Mrs. Dow Jones. In an interview with Business Insider, Sacks argued that traditional markers of middle-class success, homeownership, stable careers, retirement savings, have become functionally inaccessible to younger Americans, pushing them toward gambling and side […]

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Nearly 60% of TikTok videos shown to new users are AI slop, study finds

Nearly six out of every ten videos TikTok serves to a brand-new account are AI-generated junk. That is the central finding of a report published by video editing platform Kapwing, which analysed 10,742 TikTok videos across 20 popular categories and separately examined the first 500 videos shown on the For You page of a freshly […]

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