• The U.S. Federal Trade Commission reported that social media companies like Meta, TikTok, and Twitch collect vast user data with poor transparency and inadequate data management and retention policies.

• Intel affirmed it has no plans to sell its majority stake in Mobileye, boosting the self-driving tech firm’s shares by over 13% despite previous reports of a potential sale.

• Alibaba has launched over 100 new open-source AI models and text-to-video technology, expanding its Qwen 2.5 family to compete in the rapidly growing generative AI space.

• The Dutch market regulator, ACM, called for more authority to investigate deals, after EU regulators chose not to act on Microsoft's hiring of AI startup Inflection's staff.

• Brazil's Supreme Court warned Elon Musk's X against bypassing a suspension order, imposing a 5 million-real daily fine after the platform briefly became accessible despite the ban.

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