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A UK MP’s lawsuit could decide whether xAI answers for what Grok makes

The case turns on a question of authorship. When a user types a prompt and Grok returns a sexualised image of a real woman, who made it, the person at the keyboard or the company that built the machine? On 3 June, Labour MP Jess Asato filed a claim at the High Court in England […]

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Meta accuses Australia of breaching trade pact over news bargaining tax

Meta has reached for a bigger weapon. The company accused the Australian government of breaching the US-Australia free trade agreement with its proposed News Bargaining Incentive, and pointed Washington towards the “trade action” it has taken against other countries that taxed American technology firms. The dispute over paying for news, now in its fifth year, […]

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Netflix turns to generative AI to fix a problem it helped create

The streaming service that taught a generation to scroll endlessly now wants to sell them the cure. At the Bloomberg Tech conference in San Francisco on Wednesday, Netflix’s chief product and technology officer, Elizabeth Stone, said the company is deploying generative AI to help subscribers cut through the volume of content it has spent two […]

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Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print

Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also working on the deal, Bloomberg reported on Tuesday. The Claude developer is weighing going public as soon as October after filing confidentially for a listing on Monday. More banks could be added to the lineup, and details of […]

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Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print Read More »

The EU is asking households to cut electricity use during peak hours because AI data centres are straining the grid

The European Commission has called on households across the bloc to reduce electricity consumption during peak hours, citing the rapid growth of AI data centres, accelerating electrification, and rising overall digital infrastructure demand as factors straining European power grids. The Commission simultaneously published a Data Centre Energy Efficiency Package on 3 June that introduces a […]

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EU tech sovereignty package: chip emergency powers and curbs on US cloud

The Commission’s ‘AI continent’ rhetoric sits atop draft laws that would let it override chip supply contracts and keep US providers away from sensitive government data. The European Commission unveiled its long-delayed technological sovereignty package on Wednesday, a bundle of four measures meant to loosen the bloc’s dependence on American and Asian technology across semiconductors, […]

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Suno raises at a $5.4bn valuation, more than doubling its worth in six months

Eighteen months ago Suno was the AI company the music industry wanted to destroy. Every major record label had sued it, accusing it of training its models on copyrighted songs without permission. Now the labels are its partners, and investors have repriced the company accordingly. Suno has raised new capital at a $5.4bn valuation, more than […]

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Lovable makes Google Cloud a primary partner to win over corporate buyers

The Swedish app-builder, processing a million new projects a week, is making Google Cloud a primary partner, with Gemini models and a security layer aimed at corporate buyers. The pitch behind Lovable has always been that anyone can build software by chatting with an AI. The harder pitch, the one that turns a viral tool […]

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EU court frees Meta’s Marketplace from gatekeeper rules but keeps Messenger in

The General Court annulled the Commission’s designation of Marketplace under the Digital Markets Act, faulting its reasoning, while upholding the same label for Messenger. Meta walked into the EU’s General Court asking it to strike down two gatekeeper labels and walked out having shed one. On 3 June the Luxembourg court annulled the European Commission’s […]

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Factorial raises $150M at a $2.5bn valuation, with General Catalyst betting twice

General Catalyst has decided it wants exposure to Factorial in two ways at once. The Barcelona software company has closed a $150M Series D led by the firm at a $2.5bn valuation, and General Catalyst is committing a further $540M through a separate vehicle that ties its return to the value Factorial creates for customers […]

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