TNW

The worlds largest chemical company is suing Apple over Face ID. BASF filed a patent infringement claim on Thursday, alleging that dozens of iPhone and iPad models use face authentication technology covered by patents it owns. The case was reported by Reuters and was filed in federal court in Texas, in the Western District that [] This story continues at The Next Web

Sam Altman says the AI industry has done a terrible job of communicating the benefits of the technology and is now exposed to a backlash, after local opposition blocked or delayed 75 data centre projects worth about $130B in a single quarter. In Europe the binding constraint is grid capacity, with Denmark holding roughly 60GW [] This story continues at The Next Web

Singapore has committed S$220M, about $173M, to its fintech sector over the next three years. It made the announcement three days after KPMG reported that private investment in Singaporean fintech had fallen to its weakest first half in roughly a decade. The timing is not a coincidence, and nobody is pretending otherwise. Gan Kim Yong, [] This story continues at The Next Web

Fintech has spent almost two decades making financial information increasingly accessible, portable, and actionable. Open banking, digital wallets and connected financial platforms have created an environment in which consumers can move between products while allowing authorized providers to access increasingly detailed information about their financial activity. The Consumer Financial Protection Bureau estimates that more than [] This story continues at The Next Web

Scalable Capital has opened its investment platform to ChatGPT and Claude, allowing its clients to analyse their portfolios and place trades through the two AI assistants rather than through the brokers own app. The Munich company says it is the first European bank to do this, and it arrives as the industry works out what [] This story continues at The Next Web

Britains businesses put 11.2bn into digital infrastructure last year, roughly three times what the official measure had been reporting. The jump in UK digital infrastructure investment did not come from a building spree. Almost none of the difference is new money. The Office for National Statistics changed what counts on Monday. What the ONS actually [] This story continues at The Next Web

Liner, a South Korean AI search startup, has raised $36.1 million in Series C funding as it seeks to turn its consumer research platform used by millions into an enterprise AI business. LB Investment led the Series C round, joined by returning investors InterVest, Atinum Investment and CJ Investment. New funding participants included Korea Development [] This story continues at The Next Web

China called off its most ambitious Moon mission the day before it was due to fly. The announcement runs to a single sentence. Change 7 does not meet the conditions for launch, the China Manned Space Agency said on Sunday. It cannot go ahead in this years scheduled window. It gave no reason. What the [] This story continues at The Next Web

Australias Federal Court has found that eHarmony misled consumers about the cost and terms of its dating memberships, in a case the competition regulator brought after receiving hundreds of complaints. The findings read as a catalogue of the design choices regulators now call dark patterns, applied to a subscription that renewed automatically at a much [] This story continues at The Next Web

Southeast Asia has 306 data centres running and 173 more in the pipeline, according to figures published on Tuesday. The capacity being planned is nearly four times what is already operating. Southeast Asia data centre investment will rise from $15.72bn in 2025 to $35.08bn by 2031, according to Arizton. The Chicago research firm puts that [] This story continues at The Next Web

Oura is targeting a September listing that would raise up to $3bn and value the smart ring maker at more than $16bn, according to Bloomberg, several months after the Finnish company filed confidentially for a US IPO. The mark would be a sharp step up from the $10.9bn valuation it carried last September, in a [] This story continues at The Next Web

Amazon raised the price of its own devices overnight on 21 August. The increases run to 60% on the cheapest product in the range, and they were not announced. Fortune reported the change across the hardware line. Pocket-lint had reported the Fire TV increases earlier the same day. Amazon confirmed the rises and blamed memory [] This story continues at The Next Web

Alibaba has launched Wan3.0, the latest version of its video generation model, days after raising roughly $10.2bn ina Hong Kong share placementwhose proceeds it has earmarked entirely for AI. The sequencing is not subtle, and it is not meant to be, since the company has spent the past fortnight arguing to investors that its capital [] This story continues at The Next Web

Funding for UK fintech companies has dropped to its lowest level in at least ten years,according to Bloomberg, which reported the figures on Sunday. The decline lands on a sector that Britain has spent the better part of fifteen years describing as its clearest technology success story, and it fits a pattern visible across the [] This story continues at The Next Web

YouTube Premium is getting more expensive across Europe. This time the company is asking subscribers to agree, rather than simply imposing the increase. A price-change notice seen by TNW went to a Romanian subscriber on Friday. It puts the individual plan up from RON 29.00 to RON 32.00 a month, a rise of about 10%. [] This story continues at The Next Web

Castelion has raised $1bn at a $13bn valuation. Three SpaceX executives founded the company in 2022 to build missiles. Its first product is Blackbeard, a hypersonic strike weapon designed for quantity rather than craft. The structure repays a close read. The round is $800m in equity plus $250m of committed financing for a revolving credit [] This story continues at The Next Web

Adobe Fireflys audio tools became generally available on Thursday. Generate Music, Generate Speech and Generate Sound Effects now sit beside the image, video and design tools in its creative AI studio. Each runs on a different model. Generate Music uses the Firefly Music Model and produces original tracks tuned to a videos length and mood. [] This story continues at The Next Web

The United States conducted 178 orbital launches and re-entries last year, but the White House now wants at least a thousand a year by 2030. President Donald Trump signed a memorandum on Thursday directing federal agencies to clear the path to that number, largely by getting out of the way. It instructs them to speed [] This story continues at The Next Web

Brazil is spending 2.3bn reais, about $444m, on two AI supercomputers. One will be built with Huawei, the other is expected to go to Nvidia, and that is the entire point. The strategy is not to depend on a single company, technology or country, the Lula government said in setting out the plan, which is [] This story continues at The Next Web

The White House has published a new National Security Science and Technology strategy. It names 15 critical technology areas the United States intends to lead. Artificial intelligence and autonomy is one of them, with 12 subfields listed underneath. Open-weight AI is not among them. Neither open weights nor open-source software development appears anywhere in the [] This story continues at The Next Web