Apple boosts AI investment with new hires and acquisitions

Apple is ramping up its AI efforts, with CEO Tim Cook confirming that the company is significantly increasing its investments in the technology. During the Q3 2025 earnings call, Cook said AI would be embedded across Apple’s devices, platforms and internal operations.

The firm has reallocated staff to focus on AI and continues to acquire smaller companies to accelerate progress, completing seven acquisitions this year alone. Capital expenditure has also risen, partly due to the growing focus on AI.

Despite criticism that Apple has lagged behind in the AI race, the company insists it will not rush features to market. More than 20 Apple Intelligence tools have already been released, with additional features like live translation and an AI fitness assistant expected by year-end.

The updated version of Siri, which promises greater personalisation, has been pushed to 2026. Cook dismissed suggestions that AI-powered hardware, like glasses, would replace the iPhone, instead positioning future devices as complementary.

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Deutsche Bank backs new euro stablecoin launch

A new euro-denominated stablecoin, EURAU, has launched on the Ethereum blockchain, backed by Deutsche Bank’s DWS, Flow Traders, and Mike Novogratz’s Galaxy. The regulated token is issued by AllUnity and complies with Germany’s BaFin and the EU’s MiCA rules.

Bullish Europe, a BaFin-regulated crypto exchange based in Frankfurt, will be the first to list EURAU. The exchange has secured four BaFin licences and is preparing for expansion across the EU under MiCA’s framework.

Key partners supporting EURAU’s launch include crypto custodian BitGo, Metzler Bank, and Fireblocks.

Euro stablecoins currently make up just 0.2% of the $273 billion global stablecoin market but have seen strong growth, increasing by nearly 60% since December 2024. Despite growth, European regulators stay cautious because US dollar stablecoins like Tether’s USDt dominate.

European Central Bank adviser Jürgen Schaaf has emphasised the need for international regulatory coordination to balance stablecoin markets and reduce reliance on the dollar.

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OpenAI pulls searchable chats from ChatGPT

OpenAI has removed a feature that allowed users to make their ChatGPT conversations publicly searchable, following backlash over accidental exposure of sensitive content.

Dane Stuckey, OpenAI’s CISO, confirmed the rollback on Thursday, describing it as a short-lived experiment meant to help users find helpful conversations. However, he acknowledged that the feature posed privacy risks.

‘Ultimately, we think this feature introduced too many opportunities for folks to accidentally share things they didn’t intend to,’ Stuckey wrote in a post on X. He added that OpenAI is working to remove any indexed content from search engines.

The move came swiftly after Fast Company and privacy advocate Luiza Jarovsky reported that some shared conversations were appearing in Google search results.

Jarovsky posted examples on X, noting that even though the chats were anonymised, users were unknowingly revealing personal experiences, including harassment and mental health struggles.

To activate the feature, users had to tick a box allowing their chat to be discoverable. While the process required active steps, critics warned that some users might opt in without fully understanding the consequences. Stuckey said the rollback will be complete by Friday morning.

The incident adds to growing concerns around AI and user privacy, particularly as conversational platforms like ChatGPT become more embedded in everyday life.

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UK universities urged to act fast on AI teaching

UK universities risk losing their competitive edge unless they adopt a clear, forward-looking approach to ΑΙ in teaching. Falling enrolments, limited funding, and outdated digital systems have exposed a lack of AI literacy across many institutions.

As AI skills become essential for today’s workforce, employers increasingly expect graduates to be confident users rather than passive observers.

Many universities continue relying on legacy technology rather than exploring the full potential of modern learning platforms. AI tools can enhance teaching by adapting to individual student needs and helping educators identify learning gaps.

However, few staff have received adequate training, and many universities lack the resources or structure to embed AI into day-to-day teaching effectively.

To close the growing gap between education and the workplace, universities must explore flexible short courses and microcredentials that develop workplace-ready skills.

Introducing ethical standards and data transparency from the start will ensure AI is used responsibly without weakening academic integrity.

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Bitcoin set for strong August after historic monthly close

Bitcoin finished July with its highest monthly close in history, settling around $115,800 on Coinbase. The milestone came despite a late dip linked to global economic volatility, including recent US tariff increases.

Market analysts view the drop as a bullish retest, signalling continued strength in Bitcoin’s uptrend.

Historical trends highlight August as a mixed month for Bitcoin, usually yielding modest gains. However, post-halving Augusts stand apart, with significant price surges seen in 2013, 2017, and 2021.

Analysts like Alpha Finder and Crypto B point to these patterns as reasons to expect strong performance this August.

Technical indicators suggest Bitcoin’s price could soon accelerate sharply, with some analysts forecasting a target near $172,000 — a 50% rise from current levels. Traders should expect some volatility, but Bitcoin’s outlook remains positive for the coming months.

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As Meta AI grows smarter on its own, critics warn of regulatory gaps

While OpenAI’s ChatGPT and Google’s Gemini dominate headlines, Meta’s AI is making quieter, but arguably more unsettling, progress. According to CEO Mark Zuckerberg, Meta’s AI is advancing rapidly and, crucially, learning to improve without external input.

In a blog post titled ‘Personal Superintelligence’, Zuckerberg claimed that Meta AI is becoming increasingly powerful through self-directed development. While he described current gains as modest, he emphasised that the trend is both real and significant.

Zuckerberg framed this as part of a broader mission to build AI that acts as a ‘personal superintelligence’, a tool that empowers individuals and becomes widely accessible. However, critics argue this narrative masks a deeper concern: AI systems that can evolve autonomously, outside human guidance or scrutiny.

The concept of self-improving AI is not new. Researchers have previously built systems capable of learning from other models or user interactions. What’s different now is the speed, scale and opacity of these developments, particularly within big tech companies operating with minimal public oversight.

The progress comes amid weak regulation. While governments like the Biden administration have issued AI action plans, experts say they lack the strength to keep up. Meanwhile, AI is rapidly spreading across everyday services, from healthcare and education to biometric verification.

Recent examples include Google’s behavioural age-estimation tools for teens, illustrating how AI is already making high-stakes decisions. As AI systems become more capable, questions arise: How much data will they access? Who controls them? And can the public meaningfully influence their design?

Zuckerberg struck an optimistic tone, framing Meta’s AI as democratic and empowering. However, that may obscure the risks of AI outpacing oversight, as some tech leaders warn of existential threats while others focus on commercial gains.

The lack of transparency worsens the problem. If Meta’s AI is already showing signs of self-improvement, are similar developments happening in other frontier models, such as GPT or Gemini? Without independent oversight, the public has no clear way to know—and even less ability to intervene.

Until enforceable global regulations are in place, society is left to trust that private firms will self-regulate, even as they compete in a high-stakes race for dominance. That’s a risky gamble when the technology itself is changing faster than we can respond.

As Meta AI evolves with little fanfare, the silence may be more ominous than reassuring. AI’s future may arrive before we are prepared to manage its consequences, and by then, it might be too late to shape it on our terms.

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Amazon reports $18.2B profit boost as AI strategy takes off

Amazon has reported a 35% increase in quarterly profit, driven by rapid growth in its AI-powered services and cloud computing arm, Amazon Web Services (AWS).

The tech and e-commerce giant posted net income of $18.2 billion for Q2 2025, up from $13.5 billion a year earlier, while net sales rose 13% to $167.7 billion and exceeded analyst expectations.

CEO Andy Jassy attributed the strong performance to the company’s growing reliance on AI. ‘Our conviction that AI will change every customer experience is starting to play out,’ Jassy said, referencing Amazon’s AI-powered Alexa+ upgrades and new generative AI shopping tools.

AWS remained the company’s growth engine, with revenue climbing 17.5% to $30.9 billion and operating profit rising to $10.2 billion. The surge reflects the increasing demand for cloud infrastructure to support AI deployment across industries.

Despite the solid earnings, Amazon’s share price dipped more than 3% in after-hours trading. Analysts pointed to concerns over the company’s heavy capital spending, particularly its aggressive $100 billion AI investment strategy.

Free cash flow over the past year fell to $18.2 billion, down from $53 billion a year earlier. In Q2 alone, Amazon spent $32.2 billion on infrastructure, nearly double the previous year’s figure, much of it aimed at expanding its data centre and logistics capabilities to support AI workloads.

For the current quarter, Amazon projected revenue of $174.0 to $179.5 billion and operating income between $15.5 and $20.5 billion, slightly below investor hopes but still reflecting double-digit year-on-year growth.

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Delta’s personalised flight costs under scrutiny

Delta Air Lines’ recent revelation about using AI to price some airfares is drawing significant criticism. The airline aims to increase AI-influenced pricing to 20 per cent of its domestic flights by late 2025.

While Delta’s president, Glen Hauenstein, noted positive results from their Fetcherr-supplied AI tool, industry observers and senators are voicing concerns. Critics worry that AI-driven pricing, similar to rideshare surge models, could lead to increased fares for travellers and raise serious data privacy issues.

Senators like Ruben Gallego, Mark Warner, and Richard Blumenthal, highlighted fears that ‘surveillance pricing’ could utilise extensive personal data to estimate a passenger’s willingness to pay.

Despite Delta’s spokesperson denying individualised pricing based on personal information, AI experts suggest factors like device type and Browse behaviour are likely influencing prices, making them ‘deeply personalised’.

Different travellers could be affected unevenly. Bargain hunters with flexible dates might benefit, but business travellers and last-minute bookers may face higher costs. Other airlines like Virgin Atlantic also use Fetcherr’s technology, indicating a wider industry trend.

Pricing experts like Philip Carls warn that passengers won’t know if they’re getting a fair deal, and proving discrimination, even if unintended by AI, could be almost impossible.

American Airlines’ CEO, Robert Isom, has publicly criticised Delta’s move, stating American won’t copy the practice, though past incidents show airlines can adjust fares based on booking data even without AI.

With dynamic pricing technology already permitted, experts anticipate lawmakers will soon scrutinise AI’s role more closely, potentially leading to new transparency mandates.

For now, travellers can try strategies like using incognito mode, clearing cookies, or employing a VPN to obscure their digital footprint and potentially avoid higher AI-driven fares.

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From concept to cornerstone, Ethereum turns ten

Ethereum has officially turned ten, marking a decade since the launch of its mainnet, Frontier, on 30 July 2015. Conceived by Vitalik Buterin in 2013, the platform was designed to surpass Bitcoin’s limitations by enabling smart contracts and decentralised applications.

The project’s early years were defined by significant milestones. A 2014 ICO raised over $18 million, but controversy soon followed. In 2016, a high-profile hack of The DAO led to a hard fork, splitting Ethereum into two chains.

During the 2017 ICO boom, Ethereum became the backbone for thousands of token launches, though the market later crashed under regulatory pressure. ETH’s price plummeted from near $1,450 to under $100.

Ethereum’s evolution has continued at pace. In 2022, the network transitioned to proof-of-stake through The Merge, cutting energy use by over 99%. Recent years brought soaring adoption, with DeFi, NFTs, and institutions cementing Ethereum’s place in crypto infrastructure.

Today, ETH trades near $3,800, with analysts forecasting potential highs of $15,000 within the next five years.

To commemorate its anniversary, the Ethereum Foundation has hosted global events and launched an NFT torch passed between community wallets, highlighting the network’s commitment to decentralisation and innovation.

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EU AI Act oversight and fines begin this August

A new phase of the EU AI Act takes effect on 2 August, requiring member states to appoint oversight authorities and enforce penalties. While the legislation has been in force for a year, this marks the beginning of real scrutiny for AI providers across Europe.

Under the new provisions, countries must notify the European Commission of which market surveillance authorities will monitor compliance. But many are expected to miss the deadline. Experts warn that without well-resourced and competent regulators, the risks to rights and safety could grow.

The complexity is significant. Member states must align enforcement with other regulations, such as the GDPR and Digital Services Act, raising concerns regarding legal fragmentation and inconsistent application. Some fear a repeat of the patchy enforcement seen under data protection laws.

Companies that violate the EU AI Act could face fines of up to €35 million or 7% of global turnover. Smaller firms may face reduced penalties, but enforcement will vary by country.

Rules regarding general-purpose AI models such as ChatGPT, Gemini, and Grok also take effect. A voluntary Code of Practice introduced in July aims to guide compliance, but only some firms, such as Google and OpenAI, have agreed to sign. Meta has refused, arguing the rules stifle innovation.

Existing AI tools have until 2027 to comply fully, but any launched after 2 August must meet the new requirements immediately. With implementation now underway, the AI Act is shifting from legislation to enforcement.

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