‘Meta will license technology from artificial intelligence image and video generation start-up Midjourney, as the social media group shifts towards working with third parties as its struggle to keep pace with rivals.’ https://on.ft.com/4lFBmS0

‘Elon #Musk attempted to enlist Mark #Zuckerberg in his near-$100bn bid to take control of #OpenAI this year, according to a court filing, in what would have been a rare alliance between two billionaires who have previously challenged each other to a “cage fight”.’ https://on.ft.com/4mQOLHV

‘EU officials are now worried the new American legislation will spur the already growing use of dollar-denominated tokens and believe that a digital euro is needed to protect the single currency’s dominance across the continent.’ https://on.ft.com/41kYf61

“AI companies…claim…they do not represent an existential threat to the web…and that businesses that depend on the web for an audience will continue to thrive. Perhaps. But if much of the attention is sucked away by a chatbot, the future of web browsing looks tenuous.” https://on.ft.com/4mUp89l

‘Meta inflated a crucial advertising metric by nearly 20 per cent and deliberately bypassed privacy rules on Apple iPhones in a bid to boost revenues, a former staff member has told a 🇬🇧 employment tribunal.’ https://on.ft.com/4lyqvt1

“The minister charged with tackling violence against girls has called on smartphone makers to do more to embed child protection technology into their devices, as she defended the UK’s new requirements for online age verification.” https://on.ft.com/45YfgFJ

“We thought the UK was going strong for 18 months or so here until the most recent decision to not mandate competing stores,” EPIC CEO Tim Sweeney said. “To not pursue that just seems like a blunder to me.” #CMA #DMCCA https://on.ft.com/4oC4tbD

“in an era dominated by a handful of technology companies it is important to distinguish between hiring talent and strategic market consolidation. Antitrust authorities must focus on a transaction’s competitive implications, regardless of the form it takes.” https://on.ft.com/3HCT36L

Imagine “Terminator 7: Terms and Conditions, in which humanity’s downfall comes not from nuclear warfare but from everyone absent-mindedly agreeing to Skynet’s new privacy policy, triggering an army of leather-clad enforcers to collect on the fine print” 😂 https://www.theguardian.com/film/2025/aug/18/the-ai-future-is-too-scary-even-for-james-cameron-where-can-the-terminator-franchise-go-from-here?CMP=Share_iOSApp_Other

‘Two EU officials said the US wanted to keep the door open for possible concessions on the bloc’s Digital Services Act, which forces Big Tech companies to police their platforms more aggressively. The commission has said that relaxing these rules is a red line.’ #DSA https://on.ft.com/4lwyEhS