EY will keep interns on for a year before offering them a job
EY will keep interns on for a year before offering them a job

EY is launching a paid Career Residency that keeps assurance interns employed part-time for 8 to 12 months after their eight-week internship, working remotely on EY projects during their final year of college. Those who complete it and receive an offer…

OpenAI is funding 13 Axios local newsletters in a three-year deal
OpenAI is funding 13 Axios local newsletters in a three-year deal

OpenAI is paying the startup costs of 13 new Axios Local newsletters, covering both staff and technology. Axios employees also get free credits for OpenAI’s enterprise tools. In return, Axios lets OpenAI train its models on its free published coverage….

The first Ferrari Luce sold for $40mn, 36 times its estimate
The first Ferrari Luce sold for $40mn, 36 times its estimate

The first production Ferrari Luce sold for $40mn at RM Sotheby’s Monterey auction, setting records for the most expensive new car, electric car and charity car sold at public auction. Ferrari keeps none of the money and the car is not due for delivery …

Electronic Record Giant Epic Touts Real-Time Insurer Reviews Amid Industry Scrutiny

Electronic health record giant Epic Systems is working with medical care providers and two of the nation’s largest health insurers to speed prior authorization reviews.

ByteDance signs a copyright pact with Hollywood’s MPA to rein in its Seedance AI video tool
ByteDance signs a copyright pact with Hollywood’s MPA to rein in its Seedance AI video tool

The TikTok owner has agreed a pact with the Motion Picture Association, the trade body for the major US studios, to tighten copyright protections on its AI image and video generators, ending, at least officially, a standoff that began when the studios …

Deutsche Telekom buys Macquarie’s Polish fibre and TV assets in a €1bn bet on convergence
Deutsche Telekom buys Macquarie’s Polish fibre and TV assets in a €1bn bet on convergence

Deutsche Telekom has agreed to buy two of Poland’s best-known fibre businesses, Fiberhost and INEA, from the Australian investment group Macquarie, in a deal worth roughly €1bn and aimed squarely at the country’s scramble to bundle mobile, broadband, a…

The Supreme Court will not help Verizon recover $47mn over location data
The Supreme Court will not help Verizon recover $47mn over location data

The US Supreme Court has refused Verizon’s request to amend a June ruling so it could pursue a refund of the $47mn it paid over selling access to customer location data. AT&T, whose case is procedurally different, can still seek reimbursement of it…

Alphabet takes its AI debt spree Down Under with a first Australian dollar bond
Alphabet takes its AI debt spree Down Under with a first Australian dollar bond

Alphabet is preparing to sell its first bond denominated in Australian dollars, a modest-sounding piece of financial housekeeping that says a good deal about how the AI build-out is now being paid for. According to bookrunner messages reported by Reute…

Excavators, Meet AI: Gravis Nabs $200 Million From SoftBank To Give Construction Equipment Brains

Hello, largest series-A in construction equipment ever. Gravis Robotics is putting AI brains in heavy construction equipment.

Unitree, China’s humanoid robot champion, lists in Shanghai on 19 August after record demand
Unitree, China’s humanoid robot champion, lists in Shanghai on 19 August after record demand

Unitree Robotics, the Hangzhou company that has done more than anyone else to turn Chinese humanoid robots into a spectator sport, is due to begin trading on Shanghai’s STAR Market on 19 August, according to Reuters. The listing makes it the first gene…