Competition regulation

BingX introduces world’s first AI-powered crypto trading tool

BingX, a leading cryptocurrency exchange and Web3 AI company, has unveiled BingX AI Master, the world’s first AI-powered crypto trading strategist. The tool makes trading more innovative and more accessible, using AI optimisation with strategies from five leading digital investors.

BingX AI Master guides users through the entire trading process, from generating ideas to executing trades and reviewing results. Key features include 24/7 strategy ideas, instant alerts, AI backtesting, dynamic orders, and transparent performance reviews.

BingX has introduced a trading competition with a 3,000,000 USDT prize pool to mark the launch. Users can compete directly against BingX AI Master, with additional rewards from task-based lucky draws, trading volume contests, and the AI 1v1 Arena.

Founded in 2018, BingX serves over 20 million users worldwide and offers a full suite of AI-driven trading tools. The company expands its AI portfolio with BingX AI Master and AI Bingo, reinforcing its role in AI-driven crypto trading.

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Meta and TikTok win court challenge over EU fee

Europe’s General Court has backed challenges by Meta Platforms and TikTok against an EU supervisory fee imposed under the Digital Services Act (DSA). The companies argued that the levy was calculated unfairly and imposed a disproportionate financial burden.

The supervisory fee, introduced in 2022, requires large platforms to pay 0.05% of their annual global net income to cover monitoring costs. Meta and TikTok said the methodology relied on flawed data, inflated their fees, and even double-counted users.

Their lawyers told the court the process lacked transparency and produced ‘implausible’ results.

Lawyers for the European Commission defended the fee, arguing that group-wide financial resources justified the calculation method. They said the companies had adequate information about how the levy was determined.

The ruling reduces pressure on the two firms as they continue investing in the EU market. A final judgement from the General Court is expected next year and may shape how supervisory costs are applied to other major platforms.

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Cyberattack hits LNER passenger data, investigation under way

The contact details of rail passengers have been stolen in a cyberattack affecting London North Eastern Railway (LNER). The company stated that it had been notified of unauthorised access to files managed by a third-party supplier and advised customers to be vigilant against phishing attempts.

LNER stressed that no bank details, card numbers, or passwords had been compromised. The York-based operator stated that it was collaborating with cybersecurity experts and the supplier to investigate the breach and ensure necessary safeguards.

The company did not confirm the number of passengers affected. The incident comes as LNER reported revenues exceeding £1 billion, yet it continues to rely on government support since its nationalisation in 2018.

Passenger complaints rose 12.2 percent in 2025, reaching 24,015, and competition from private operators is driving losses—online ticket platforms such as Trainline direct passengers to cheaper rivals, costing LNER significant revenue.

The breach follows other attacks on UK transport services, including a 2024 incident in which the bank details of 5,000 Transport for London customers were exposed, resulting in weeks of disrupted online services.

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AI-generated film sparks copyright battle as it heads to Cannes

OpenAI has taken a significant step into entertainment by backing Critterz, the first animated feature film generated with GPT models.

Human artists sketch characters and scenes, while AI transforms them into moving images. The $30 million project, expected to finish in nine months, is far cheaper and faster than traditional animation and could debut at the Cannes Film Festival in 2026.

Yet the film has triggered a fierce copyright debate in India and beyond. Under India’s Copyright Act of 1957, only human works are protected.

Legal experts argue that while AI can be used as a tool when human skill and judgement are clearly applied, autonomously generated outputs may not qualify for copyright at all.

The uncertainty carries significant risks. Producers may struggle to combat piracy or unauthorised remakes, while streaming platforms and investors could hesitate to support projects without clear ownership rights.

A recent case involving an AI tool credited as a co-author of a painting, later revoked, shows how untested the law remains.

Global approaches vary. The US and the EU require human creativity for copyright, while the UK recognises computer-generated works under certain conditions.

In India, lawyers suggest contracts provide the safest path until the law evolves, with detailed agreements on ownership, revenue sharing and disclosure of AI input.

The government has already set up an expert panel to review the Copyright Act, even as AI-driven projects and trailers rapidly gain popularity.

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Cyberattack keeps JLR factories shut, hackers claim responsibility

Jaguar Land Rover (JLR) has confirmed that data was affected in a cyberattack that has kept its UK factories idle for more than a week. The company stated that it is contacting anyone whose data was involved, although it did not clarify whether the breach affected customers, suppliers, or internal systems.

JLR reported the incident to the Information Commissioner’s Office and immediately shut down IT systems to limit damage. Production at Midlands and Merseyside sites has been halted until at least Thursday, with staff instructed not to return before next week.

The disruption has also hit suppliers and retailers, with garages struggling to order spare parts and dealers facing delays registering vehicles. JLR said it is working around the clock to restore operations in a safe and controlled way, though the process is complex.

Responsibility for the hack has been claimed by Scattered Lapsus$ Hunters, a group linked to previous attacks on Marks & Spencer, the Co-op, and Las Vegas casinos in the UK and the US. The hackers posted alleged screenshots from JLR’s internal systems on Telegram last week.

Cybersecurity experts say the group’s claim that ransomware was deployed raises questions, as it appears to have severed ties with Russian ransomware gangs. Analysts suggest the hackers may have only stolen data or are building their own ransomware infrastructure.

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Claude AI gains powerful file editing tools for documents and spreadsheets

Anthropic’s Claude has expanded its role as a leading AI assistant by adding advanced tools for creating and editing files. Instead of manually working with different programs, users can now describe their needs in plain language and let the AI produce or update Word, Excel, PowerPoint, and PDF files.

A feature that supports uploads of CSV and TSV data and can generate charts, graphs, or images where needed, with a 30MB size limit applying to uploads and downloads.

The real breakthrough lies in editing. Instead of opening a document or spreadsheet, users can simply type instructions such as replacing text, changing currencies, or updating job titles. Claude processes the prompt and makes all the changes in one pass, preserving the original formatting.

It positions the AI as more efficient than rivals, as Gemini can only export reports but not directly modify existing files.

The feature preview is available on web and desktop for subscribers on Max, Team, or Enterprise plans. Analysts suggest the update could reshape productivity tools, especially after reports that Microsoft has partnered with Anthropic to explore using Claude for Office 365 functions.

By removing repetitive tasks and making file handling conversational, Claude is pushing productivity software into a new phase of automation.

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Small business revival could hinge on AI-driven tools

If AI is to matter in the economy, it must first matter to small businesses. Firms employ over 61 million people, nearly half the private workforce, yet most run on outdated technology. While smartphones update monthly, many small businesses still use systems built a decade ago.

Search fund entrepreneurs bridge this gap by upgrading established firms with modern tech. One deal turned a 50-person roadside assistance firm into Asurion, now a global tech-care provider. Others have scaled compliance firms into nationwide SaaS platforms.

Generative AI now accelerates these transformations, cutting work times by over 60% across supply chains, compliance, and document processing functions. Complex tasks can now be completed in hours, unlocking double-digit productivity gains and allowing small businesses to focus on growth.

Search funds are not the only path forward. AI consulting firms, tech studios, and AI-powered roll-up strategies bring enterprise-grade tools to family-run firms. For communities that have relied on traditional playbooks, decades of growth can be compressed into months.

The cost of AI has never been lower, and the opportunity is wide open. Once deployed at scale, AI could power a wave of productivity on Main Street, helping small businesses compete and strengthening the economy for half of their workforce.

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Google Cloud scraps transfer fees to win multicloud users

Google Cloud has rolled out a new Data Transfer Essentials plan, allowing customers to move workloads across multiple clouds without paying transfer fees. The move comes ahead of the EU Data Act on 12 September 2025, intended to strengthen competition across the cloud market.

Under the new rules, providers must charge data transfer fees only ‘at cost.’ While Microsoft and Amazon have already taken steps to comply, Google has gone further by removing the charge altogether.

The company said the change is aimed at supporting businesses with multicloud strategies, offering more flexibility, and reducing downtime in critical workloads.

The initiative also positions Google as more aligned with regulatory goals, particularly compared with Microsoft, which has faced scrutiny over restrictive licensing practices. Google said qualifying traffic will now be billed at zero cost, while other transfers remain charged at existing rates.

The announcement follows strong growth in Google Cloud’s business, especially from AI firms like OpenAI and Anthropic. Alphabet’s cloud contracts are valued at around $106 billion, with CEO Thomas Kurian projecting $58 billion in revenue conversion within two years.

Alphabet’s stock price rose 2.47% following the update, reaching $239.94, as investors responded positively to both growth prospects and regulatory positioning.

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Canadian news publishers clash with OpenAI in landmark copyright case

OpenAI is set to argue in an Ontario court that a copyright lawsuit by Canadian news publishers should be heard in the United States. The case, the first of its kind in Canada, alleges that OpenAI scraped Canadian news content to train ChatGPT without permission or payment.

The coalition of publishers, including CBC/Radio-Canada, The Globe and Mail, and Postmedia, says the material was created and hosted in Ontario, making the province the proper venue. They warn that accepting OpenAI’s stance would undermine Canadian sovereignty in the digital economy.

OpenAI, however, says the training of its models and web crawling occurred outside Canada and that the Copyright Act cannot apply extraterritorially. It argues the publishers are politicising the case by framing it as a matter of sovereignty rather than jurisdiction.

The dispute reflects a broader global clash over how generative AI systems use copyrighted works. US courts are already handling several similar cases, though no clear precedent has been established on whether such use qualifies as fair use.

Publishers argue Canadian courts must decide the matter domestically, while OpenAI insists it belongs in US courts. The outcome could shape how copyright laws apply to AI training and digital content across borders.

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CJEU annuls DSA fees for Meta and TikTok

The General Court of the Court of Justice of the EU (CJEU) has annulled the European Commission’s 2023 supervisory fee decisions for Meta’s Facebook, Instagram, and TikTok under the Digital Services Act (DSA).

These platforms, designated as ‘huge online platforms’ (VLOP), were charged annual fees based on their average monthly user base to fund the EU oversight activities.

In 2024, Meta and TikTok filed a legal complaint against the Commission’s decision before the General Court of the CJEU.

The General Court found that the Commission improperly used implementing decisions to apply a key methodology for calculating user numbers, an essential element under the DSA that should have been established via a delegated act. As a result, this procedural misstep led to the annulment of the decisions.

However, the General Court did not dispute the platforms’ obligation to pay the fees. To avoid disruption, it has provisionally upheld the effects of the annulled decisions for up to 12 months.

Last, this gives the Commission time to revise its methodology in line with DSA requirements and issue new decisions.

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