Meta announced the launch of a new video editing app called Edits, set to release next month for iOS, with an Android version to follow. The app comes after ByteDance’s CapCut was removed from the Apple App Store and Google Play Store amid the ongoing TikTok ban. Instagram head Adam Mosseri shared the news on Threads, emphasising the company’s focus on providing creators with the best tools for video-making.
Edits will offer a suite of creative tools, including a dedicated inspiration tab, an idea tracker, a high-quality camera, and the ability to share drafts with collaborators. Users will also have access to insights on video performance after publishing on Instagram. Mosseri clarified that the app is geared more toward serious creators than casual video makers.
Meta has a history of launching products to fill gaps in the market, such as Instagram Reels in 2020 when TikTok was banned in India. The company likely sees Edits as an opportunity to capture video creators after CapCut’s removal, positioning itself as a key player in the video editing space. Meanwhile, competitors like Captions are also stepping up, shifting to a freemium model to attract users.
Social network X is introducing a dedicated vertical video feed for users, aiming to capitalise on the removal of ByteDance apps like TikTok and Lemon8 from US app stores. The new video tab, added to the app’s bottom bar, provides users quick access to immersive video content.
X users could scroll through short videos by tapping them in their timeline, but the new tab creates a dedicated space for videos. This marks the platform’s latest effort to enhance video experiences, following the launch of a standalone TV app last year to showcase content from creators and organisations.
As TikTok’s future in the US remains uncertain, other social networks are seizing the opportunity. Meta recently announced a video editing app, Edits, to rival ByteDance’s CapCut, while Bluesky introduced a custom feed for vertical videos, further intensifying competition in the short video market.
Italy is poised to see a dramatic rise in data centre investments, with spending expected to double to €10 billion between 2025 and 2026, according to Milan Polytechnic University. The increase in funding is fuelled by global technology giants expanding their cloud capabilities to meet surging demand driven by AI.
Recent commitments include Microsoft’s €4.3 billion plan to grow its cloud network in Italy and Amazon Web Services’ €1.2 billion investment over five years. These projects highlight Italy’s potential as a hub for cloud development. However, challenges such as high energy costs and potential power grid bottlenecks could hinder the country’s ability to fully capitalise on these opportunities.
Experts warn that the sustainability of Italy’s electricity grid will play a critical role in accommodating the expansion of powerful cloud infrastructure. Despite these hurdles, the investment wave signals growing confidence in Italy’s tech ecosystem, reflecting its strategic importance in Europe’s digital transformation.
A major data breach involving telecom provider AT&T has compromised sensitive information about FBI agents’ call and text logs. The incident, which occurred last year, exposed phone numbers and contact details, though not the content of communications. FBI officials warn that the breach may risk revealing the identities of confidential informants.
AT&T reported in July that hackers had stolen records linked to 109 million customer accounts. Among the stolen data were months of FBI call logs, potentially connecting agents to their sources. While AT&T claims to have collaborated with law enforcement to mitigate the damage, the FBI continues to prioritise protecting its informants.
The breach has reignited concerns about cyber-espionage targeting US telecom networks. Earlier this month, the US national security adviser highlighted ongoing threats from Chinese-linked cyber operations. Although telecom firms, including AT&T and Verizon, say their systems are now secure, the incident underscores the persistent risks posed by sophisticated hackers.
Two technology trade groups have filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB), aiming to block a rule granting the agency oversight of payment apps and digital wallets offered by large non-bank companies. The rule, announced in November, targets companies handling over 50 million transactions annually, including platforms like Apple Wallet, Google Pay, and Venmo.
The groups, NetChoice and TechNet, argue the rule is an overreach of the US CFPB’s authority, claiming it stifles innovation and increases costs. They assert that the bureau failed to identify specific consumer risks justifying such oversight. CFPB Director Rohit Chopra, however, defended the measure, saying it ensures users of digital payments receive the same protections against fraud and privacy violations as traditional banking customers.
The lawsuit raises concerns about the potential impact on competition and innovation within the digital payments sector. With uncertainty over whether the incoming Republican administration will seek to modify or repeal the rule, the legal challenge underscores ongoing tensions between regulators and the tech industry.
The United States Federal Trade Commission (FTC) has referred a complaint about Snap Inc’s AI-powered chatbot, My AI, to the Department of Justice (DOJ) for further investigation. The FTC alleges the chatbot caused harm to young users, though specific details about the alleged harm remain undisclosed.
Snap Inc defended its chatbot, asserting that My AI operates under rigorous safety and privacy measures and criticised the FTC for lacking concrete evidence to support its claims. Despite the company’s reassurances, the FTC stated it had uncovered indications of potential legal violations.
The announcement impacted Snap’s stock performance, with shares dropping by 5.2% to close at $11.22 on Thursday. The US FTC noted that publicising the complaint’s transfer to the DOJ was in the public interest, underscoring the gravity of the allegations.
Nvidia has launched three new NIM microservices designed to help enterprises control and secure their AI agents. These services are part of Nvidia NeMo Guardrails, a collection of software tools aimed at improving AI applications. The new microservices focus on content safety, restricting conversations to approved topics, and preventing jailbreak attempts on AI agents.
The content safety service helps prevent AI agents from generating harmful or biased outputs, while the conversation filter ensures discussions remain on track. The third service works to block attempts to bypass AI software restrictions. Nvidia’s goal is to provide developers with more granular control over AI agent interactions, addressing gaps that could arise from broad, one-size-fits-all policies.
Enterprises are showing growing interest in AI agents, though adoption is slower than anticipated. A recent Deloitte report predicts that by 2027, half of enterprises will be using AI agents, with 25% already implementing or planning to do so by 2025. Despite widespread interest, the pace of adoption remains slower than the rapid development of AI technology.
Nvidia’s new tools are designed to make AI adoption more secure and reliable. The company hopes these innovations will encourage enterprises to integrate AI agents into their operations with greater confidence, but only time will tell whether this will be enough to accelerate widespread usage.
Seven Indian startups have been selected for a groundbreaking India-US space and defence collaboration program, opening doors to the world’s largest defence and space market. The program, launched in September 2024 by Indian investor Indusbridge Ventures and US-based FedTech, focuses on defence and dual-use technologies. Among the selected companies are space imaging firm KaleidEO, rocket manufacturer EtherealX, and AI-driven Shyam VNL, all of which will explore opportunities with US agencies like the Defense Innovation Unit and the Department of Defense.
The initiative offers Indian startups access to resources, mentorship, and collaborations with US industry leaders such as Northrop Grumman, Lockheed Martin, and RTX. According to sources, these partnerships could provide a competitive advantage in the $1.5 billion annual market for niche technologies and potentially generate revenues between $500 million and $1 billion annually. Discussions are already underway on specific projects, although details remain under wraps.
This development aligns with recent diplomatic efforts to strengthen India-US ties in defence and space technology. Indian National Security Advisor Ajit Doval and US counterpart Jake Sullivan recently met in New Delhi to discuss enhancing collaboration between the US Defense Innovation Unit and India’s Innovations for Defense Excellence. The program is a significant step toward fostering innovation and boosting private-sector cooperation between the two nations in strategic sectors.
Taiwan Semiconductor Manufacturing Co (TSMC) is facing significant challenges in bringing its most advanced chip technology to its new Arizona plant, the company’s CEO, C.C. Wei, said. Complex regulatory hurdles, labour shortages, and supply chain gaps have slowed progress, making it unlikely for the US factory to match Taiwan’s production timeline for cutting-edge chips. Wei noted that the Arizona project has already taken twice as long as similar facilities in Taiwan.
TSMC is investing $65 billion in three massive factories in Arizona, with support from the US government, including a $6.6 billion grant. However, Wei highlighted the high costs of compliance, including $35 million spent on establishing regulatory guidelines, as well as the logistical strain of shipping essential chemicals like sulfuric acid from Taiwan. Labour shortages have further complicated the project, requiring the relocation of workers from Texas and driving up costs.
Despite the obstacles, Wei expressed confidence in the factory’s ability to deliver high-quality chips, pointing to recent progress in producing advanced 4-nanometer chips for US clients. While most of TSMC’s cutting-edge manufacturing will remain in Taiwan, the Arizona plant marks a critical step in the US’s effort to diversify its semiconductor supply chain and reduce dependence on Asia.
The Chinese government “has never and will never” require companies or individuals to collect or transfer data in ways that violate the law, China’s foreign ministry declared on Friday. The statement was issued in response to a privacy complaint filed by Austrian advocacy group Noyb, which accuses six Chinese companies, including TikTok, Shein, and Xiaomi, of unlawfully sending European Union user data to China.
Noyb, an organisation focused on data protection and privacy rights, alleges that the companies breached the EU’s General Data Protection Regulation (GDPR) by transferring user data without proper safeguards. The complaint has sparked concerns in Europe about how personal information is handled by Chinese firms operating within the EU. If proven, the violations could result in significant fines and further scrutiny of these companies.
In defending the nation’s stance, a foreign ministry spokesperson emphasised that China operates within the bounds of international laws and rejects any claims of illegal data practices. “China strictly upholds its legal and regulatory framework and will never engage in or endorse actions that violate laws regarding data collection or transfer,” the spokesperson said. The spokesperson also criticised what they described as “unfounded accusations” aimed at tarnishing Chinese businesses.
This case is the latest in a series of global concerns about data privacy and the practices of technology firms. It underscores the growing tension between nations over data security, cross-border data flows, and regulatory compliance, particularly as Chinese companies expand their presence in foreign markets. The outcome of Noyb’s complaint could have far-reaching implications for data governance and corporate practices in both Europe and China.
