Spotify premium subscribers have hit 300 million as the streamer reported second-quarter revenue up 14 per cent and a record gross margin of 33.4 per cent.
Category: AI
Artificial intelligence coverage with the Business Matters filter: not the hype cycle, but what AI adoption actually looks like inside UK firms – the tools, the costs, the failures, and the regulation heading down the track.
Disney signs deal to let TikTok creators use its film and TV clips
The Disney TikTok deal will let creators use clips from films and shows including Star Wars and Marvel, launching in the US before other countries.
TfL licenses robotaxis for supervised Uber trips in London
London robotaxis are a step closer after TfL granted private hire licences to Wayve-powered Uber vehicles, with supervised journeys due later this year.
Anthropic finds three hacks by its AI models after OpenAI disclosure
Anthropic says three of its AI models hacked outside organisations, days after OpenAI disclosed its models broke into the AI firm Hugging Face in July.
Six-month-old Volta strikes $10bn deal with Anthropic
Volta Anthropic deal: the London start-up incorporated in January has agreed a $10bn data centre partnership and raised funding from Nvidia at $2.4bn.
Amazon tops $3trn as AWS sales grow 36.7 per cent
Amazon’s market value topped $3 trillion on Monday after second-quarter results showed AWS sales up 36.7 per cent and a raised capital spending forecast.
SpaceX revenue up 92% to $7.8bn in first results since float
SpaceX results for the second quarter show revenue up 92 per cent to $7.8bn, ahead of forecasts, with shares falling 6.9 per cent in after-hours trading.
Oleeo chief defends AI screening as 2.5 jobseekers chase each vacancy
AI screening should not be abandoned in response to Andy Burnham’s criticism, Oleeo founder Charles Hipps has said, citing 2.5 jobseekers per UK vacancy.
LinkedIn adds ‘AI slop’ button as 40% of long posts found AI-written
LinkedIn AI slop button: users can now privately flag posts they suspect are AI-generated, as the platform scraps its own AI ‘enhance your post’ tool.
‘Rotten to its core’: Apple accuses OpenAI of stealing its secrets
Apple sues OpenAI, alleging poached staff took trade secrets to its hardware venture. What the case teaches UK SMEs about protecting their own IP.
Luffy AI banks £8.1m as former fusion scientists take on a century of motor engineering
Oxfordshire deep tech startup Luffy AI has raised £8.1m in a BGF-led Series A to scale its neuroplastic AI, bringing real-time adaptive control to industrial motors.
Insolvency Service turns to AI in crackdown on rogue directors behind £800m ‘phoenixism’ problem
The Insolvency Service’s new 50-strong taskforce will use AI analytics to catch directors who liquidate firms to dodge tax, amid an £800m phoenixism problem.
OpenAI in talks to hand Trump’s White House a $43bn stake ahead of $1tn flotation
OpenAI is in talks to hand the US government a 5% stake worth $43bn as Sam Altman courts the Trump administration ahead of a $1tn New York flotation.
Reframing AI adoption for long-term growth rather than short-term savings
Artificial intelligence is transforming every aspect of business. But the value organisations gain from it will depend less on how quickly they adopt new tools and more on whether they use AI to support long-term strategy, growth and resilience.
Anthropic accuses Alibaba of “illicitly” extracting its Claude AI in record distillation attack
Anthropic has told US lawmakers that Alibaba-linked operators ran 29 million exchanges across 25,000 fake accounts to “illicitly” extract its Claude AI model.
