ByteDance, Hollywood Trade Group Sign AI Copyright Pact
ByteDance and the Motion Picture Association (MPA) have signed an agreement aimed at strengthening copyright safeguards for the Chinese tech giant’s AI video and image-generation models, following concerns from Hollywood over the use of...
US Supreme Court Rejects Trump Appeal in E. Jean Carroll Case
The U.S. Supreme Court on Monday rejected Donald Trump’s request to reconsider his appeal of a $5 million civil verdict awarded to E. Jean Carroll, marking a second rebuff for the president in the...
Banks Agree to $86.4 Million Settlement in Mexican Bond-Rigging Lawsuit
Mexican banking affiliates of Bank of America, Banco Santander, BBVA, Citigroup, Deutsche Bank and HSBC have agreed to pay $86.4 million to settle a long-running antitrust lawsuit accusing them of manipulating the market for...
Uber and Zipline Partner to Launch Drone Delivery Across the US
Uber Technologies and drone delivery company Zipline announced a partnership on Monday to bring autonomous drone deliveries to Uber Eats customers across the United States. The deal also includes a strategic investment by Uber...
EU Uncertainty Delays Uranium Enrichment Investment
Uncertainty over whether the European Union will ban Russian nuclear fuel is holding back investment in Europe’s uranium enrichment industry, Urenco CEO Boris Schucht said. He said the lack of clear political direction makes...
U.S. Jobless Claims Rise Moderately
U.S. initial jobless claims increased by 9,000 to a seasonally adjusted 209,000 for the week ended August 8, slightly above economists’ forecast of 202,000. The rise suggests the labor market remains relatively stable despite...
Karoline Leavitt to Leave White House Press Secretary Role
U.S. President Donald Trump said White House press secretary Karoline Leavitt will leave her role at the end of August, marking the departure of one of his most trusted advisers ahead of the November...
Lovable Raises $400 Million at $13.3 Billion Valuation
Swedish vibe-coding startup Lovable has raised $400 million in a Series C funding round, valuing the company at $13.3 billion and doubling its valuation from December. The round was co-led by Menlo Ventures and...
Meta Faces Major Youth Social Media Trial
Meta is set to face a major legal challenge in a California federal court over allegations that Facebook and Instagram were deliberately designed to keep children and teenagers engaged and that the company misled...
U.S. Travel Industry Warns Against Expansion of Visa Bond Program
The U.S. Travel Association has raised concerns that the Trump administration could expand its visa bond program to more countries, warning that such a move could hurt the U.S. travel industry and economy. The...