Sources detail how Meta's $17.1B settlement with state AGs came together as Meta wanted to avoid going to trial following losses in cases in LA and New Mexico (New York Times)

Sources detail how Meta's $17.1B settlement with state AGs came together as Meta wanted to avoid going to trial following lo…

Sony Music and Warner Chappell sue Anthropic, Dario Amodei, and Benjamin Mann, alleging tens of thousands of copyrighted songs were used to train Claude's LLMs (Tim Ingham/Music Business Worldwide)

Sony Music and Warner Chappell sue Anthropic, Dario Amodei, and Benjamin Mann, alleging tens of thousands of copyrighted songs w…

Cursor co-founder Michael Truell says OpenAI represents just 5% of Cursor's traffic and Cursor trusted OpenAI to be "neutral"; Musk says he "couldn't care less" (Amir Efrati/The Information)

Cursor co-founder Michael Truell says OpenAI represents just 5% of Cursor's traffic and Cursor trusted OpenAI to be "ne…

New AI-powered video tools have accelerated the surge in AI dramas in China; DataEye: 89 of the top 100 animated dramas on Douyin in May were AI productions (Financial Times)

New AI-powered video tools have accelerated the surge in AI dramas in China; DataEye: 89 of the top 100 animated dramas on Douyi…

Sources: Shein pivoted to a Hong Kong IPO and sought to build Chinese government ties, after its New York and London bids failed to secure Beijing's approval (Reuters)

Sources: Shein pivoted to a Hong Kong IPO and sought to build Chinese government ties, after its New York and London bids failed…

The UK Treasury gives the Bank of England a new legal objective to support payment systems and digital money innovation, seeking to keep London competitive (Financial Times)

The UK Treasury gives the Bank of England a new legal objective to support payment systems and digital money innovation, seeking…

Sources: Singapore-based Shein is set to price its Hong Kong IPO at ~$6.20, or near the midpoint of its marketed range, raising $1.73B and valuing it at ~$26.5B (Reuters)

Sources: Singapore-based Shein is set to price its Hong Kong IPO at ~$6.20, or near the midpoint of its marketed range, raising …

UK consulting executives say AI has made interpersonal skills more valuable, as the companies consider more office time for junior staff to hone them (Ellesheva Kissin/Financial Times)

UK consulting executives say AI has made interpersonal skills more valuable, as the companies consider more office time for juni…

A federal judge, in his US Court of Appeals ruling, urged SCOTUS to reconsider the issue of CSAM and revisit legal precedents that predated advances in AI (Nitasha Tiku/Washington Post)

A federal judge, in his US Court of Appeals ruling, urged SCOTUS to reconsider the issue of CSAM and revisit legal precedents th…

Sources: DeepSeek generated $70.7M in revenue and posted a $106M net loss in the first seven months of 2026, ~10x its full-year 2025 revenue on a $139M net loss (The Information)

Sources: DeepSeek generated $70.7M in revenue and posted a $106M net loss in the first seven months of 2026, ~10x its full-year …

The US AI data center buildout is posing complex challenges to major lenders as they stretch themselves to finance, insure, and underwrite a novel asset class (Financial Times)

The US AI data center buildout is posing complex challenges to major lenders as they stretch themselves to finance, insure, and …