Judge upholds the verdict that Musk defrauded Twitter investors
Judge upholds the verdict that Musk defrauded Twitter investors

A federal judge has refused to overturn a jury’s finding that Elon Musk defrauded Twitter investors during his $44bn takeover of the platform in 2022. US District Judge Charles Breyer denied Musk’s motion to set aside the verdict in most respects on Mo…

Utah let an AI renew prescriptions without a doctor, and its medical board wants it stopped
Utah let an AI renew prescriptions without a doctor, and its medical board wants it stopped

Utah has quietly become the first US state to let an AI chatbot renew prescriptions without a doctor, according to the Associated Press. The programme, run by a company called Doctronic, launched in January and has set off a fierce medical debate. Resi…

A senior FCA official says Britain should weigh regulating AI models directly
A senior FCA official says Britain should weigh regulating AI models directly

Britain should consider whether large language models such as ChatGPT, Claude, and Gemini ought to be regulated as they increasingly influence how consumers make financial decisions, a senior official at the Financial Conduct Authority has said. Sheldo…

UK’s Cooper warns of an AI ‘Hiroshima’ and calls for global rules
UK’s Cooper warns of an AI ‘Hiroshima’ and calls for global rules

Britain’s foreign secretary has a stark analogy for artificial intelligence. Do not wait for its Hiroshima moment before writing the rules. Yvette Cooper will warn that AI could become the “greatest security challenge of the next decade,” according to …

Judge grants Alibaba a reprieve from the lobbying ban tied to the Pentagon’s blacklist
Judge grants Alibaba a reprieve from the lobbying ban tied to the Pentagon’s blacklist

A federal judge has ordered the Pentagon to give Alibaba temporary relief from a law that stripped it of every lobbyist it had in Washington, Bloomberg reports. The reprieve stands while the court considers whether the measure is constitutional. The ca…

Tech billionaires pour $120M into killing California’s wealth tax
Tech billionaires pour $120M into killing California’s wealth tax

Silicon Valley’s wealthiest are spending heavily to stop California’s proposed billionaire tax, according to a Business Insider tally of campaign filings. Opponents have poured more than $120m into sinking or blunting the measure, roughly four times th…

US control of frontier AI hangs over NATO’s Ankara summit
US control of frontier AI hangs over NATO’s Ankara summit

Donald Trump arrives at next week’s NATO summit in Ankara holding unusual leverage, because the US decides which allies get access to the world’s most advanced AI, Politico reports. The alliance meets on 7 and 8 July with AI security questions hovering…

ByteDance and Alibaba kill custom AI companions as China’s new rules bite
ByteDance and Alibaba kill custom AI companions as China’s new rules bite

ByteDance’s Doubao and Alibaba’s Qwen, two of China’s biggest consumer AI apps, are disabling their customised agent features, the South China Morning Post reports. The move comes days before Beijing’s new rules on humanlike AI interaction services tak…

India orders Meta to remove Instagram ads promoting child abuse material
India orders Meta to remove Instagram ads promoting child abuse material

India’s IT ministry has ordered Meta to immediately disable all Instagram advertisements and content promoting child sexual exploitation and abuse material, according to The Week. The company has seven days to explain how the ads were approved and to d…

South Korea plans a ‘future response fund’ built on its AI chip tax windfall
South Korea plans a ‘future response fund’ built on its AI chip tax windfall

South Korea will seek to create a “future response fund” financed by the tax windfall from its semiconductor boom, Yonhap reported. The proceeds would flow into AI, advanced manufacturing, and other long-term growth engines. Presidential chief of staff…