Amazon has invested $4 billion in US AI firm Anthropic, which is being investigated by the UK's Competition and Markets Authority (CMA) to assess whether the deal harms competition in the UK. The CMA has begun a Phase 1 investigation into the partnership, which was initially scrutinized before being deemed to have sufficient information to proceed with a formal probe.

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Deliveroo, a British food delivery firm backed by Amazon, reported its first-ever profit of £1.3 million in the first half of the year, following a positive inflection in consumer demand. The company's gross transaction value climbed 6% to £3.7 billion, with revenue growth supported by improvements in its consumer value proposition.

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Ofcom, the UK's media regulator, was tasked with policing harmful and illegal content on the internet under new online safety regulations. However, it has been unable to take effective enforcement actions despite online disinformation related to stabbings in the UK leading to real-world violence. The attack occurred in Southport, Merseyside, where a 17-year-old knifeman attacked several children attending a Taylor Swift-themed dance class, killing three girls.

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Apple is planning to roll out its AI system, Apple Intelligence, across some of its devices later this year. The company could charge its users up to $20 for its advanced artificial intelligence features. The features will initially be available in regions such as the US and Japan, with China and Europe not receiving access at the same time.

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Shopify's shares surged 22% after the company reported earnings that topped expectations. The Canadian e-commerce company earned 26 cents per share, exceeding the expected 20 cents per share. Revenue reached $2.05 billion, beating the expected $2.01 billion. Gross merchandise volume jumped 22% to $67.2 billion, surpassing consensus estimates of $65.8 billion.

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A US judge ruled that Google has held a monopoly in internet search, citing Microsoft's 1999 antitrust case as a precedent. Google CEO Sundar Pichai testified before the House Judiciary Committee in 2018. The government filed a landmark case against Google in 2020, alleging the company has used its market power to disadvantage competitors.

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Elon Musk, the technology billionaire, has been criticized by Britain's technology minister, Peter Kyle, who warned that Musk is 'accountable to no one' and has the power to influence major world affairs, including the war between Russia and Ukraine. Kyle also compared the relationship between Britain and companies like X to negotiations with fellow secretaries of state in other countries due to their scale and scope.

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Sony's finance chief, Hiroki Totoki, has ruled out the possibility of renewing an offer to acquire Paramount Global. The company's current strategy does not fit well with acquiring the film and TV production group, and Totoki believes it would be a risky move due to its impact on Sony's capital allocation structure. The comments confirm reports from Japanese financial newspaper Nikkei that Sony had decided not to make a revised offer for Paramount.

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SoftBank Group Corp. booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment arm in the fiscal first quarter ended in June, swinging back into the black. The company also announced it would buy back up to 6.8% of shares available in the company, amounting to up to 500 billion yen ($3.4 billion).

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Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations. The company's revenue rose 2% year-over-year to 3.01 trillion yen ($20.5 billion), exceeding estimates of 2.8 trillion yen. Operating profit increased to 279.11 billion yen, up 10% from the same period a year ago.

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