3 July 2026

Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout (M.G. Siegler/Spyglass)

M.G. Siegler / Spyglass:
Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout  —  Their need to diversify the business meets the AI build out concerns...  Meta has a problem.  Well, two of them, actually.

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Instagram has been running ads promoting child sexual abuse material in India, with terms like "rape video" and "child video" and linking to Telegram channels (Divya Arya/BBC)

Divya Arya / BBC:
Instagram has been running ads promoting child sexual abuse material in India, with terms like “rape video” and “child video” and linking to Telegram channels  —  Warning: This story contains descriptions of abuse  —  Instagram has been running paid adverts promoting …

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An interview with Sriram Krishnan, who says "there will not be an FDA for AI" under Trump, blames the AI backlash on the industry's "doomer" messaging, and more (Financial Times)

Financial Times:
An interview with Sriram Krishnan, who says “there will not be an FDA for AI” under Trump, blames the AI backlash on the industry's “doomer” messaging, and more  —  Sriram Krishnan tells the FT the president is against a centralised regulator as AI backlash grows

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Texas AG Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup matches (Giles Turner/Bloomberg)

Giles Turner / Bloomberg:
Texas AG Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup matches  —  Texas Attorney General Ken Paxton has opened an investigation into StubHub following reports that some fans who bought World Cup tickets through …

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How Jeff Bezos' changing relationship with President Trump has impacted his companies, including increased federal contract awards during Trump's second term (Wall Street Journal)

Wall Street Journal:
How Jeff Bezos' changing relationship with President Trump has impacted his companies, including increased federal contract awards during Trump's second term  —  Space company has booked rapid growth under this administration, after founder spent president's first term being ‘hated’

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