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The Daily Edition

Tuesday, 4 August 2026

400 stories across 8 sections

The Takeaway

Grab, a ride-hailing and delivery firm in Southeast Asia, has increased its full-year outlook due to strong consumer demand, with its AI technology helping to ship products three times faster. The company's CFO announced this news alongside its second-quarter earnings report, which showed a record-breaking surge in ride demand. Meanwhile, in India, MobiKwik has posted a net profit of Rs 7.6 Cr, and a startup called Kreeda is working to bring the country's forgotten games back to life.

In the tech and finance sectors, SoftBank Group is set to release its first-quarter earnings, with investors watching closely for news on its AI funding plans, including its $60 billion commitment to OpenAI. OpenAI is also in the news for rebutting Apple's trade secrets allegations, while Cloudflare has largely replaced its third-party security tools with in-house applications and AI-powered solutions.

Additionally, Japan's Economy Minister Minoru Kiuchi has reported that the pass-through of rising costs to consumers has been limited so far, and cotton production in Pakistan has jumped 32 per cent year-on-year.

Written by urgent.news from the day's reporting.

AI

OpenAI rebuts Apple trade secrets allegations in new response and evidence

AI

OpenAI rebuts Apple trade secrets allegations in new response and evidence

Apple filed a lawsuit against OpenAI last month, accusing the firm behind ChatGPT of stealing trade secrets related to hardware development. Nearly a month later, OpenAI has published a detailed response to many of Apple’s claims in the form of a blog post.

On August 4, OpenAI published a detailed response to Apple's lawsuit accusing OpenAI of stealing trade secrets related to hardware development. The blog post, titled "Apple is getting this wrong," defended OpenAI's actions and refuted Apple's claims. OpenAI stated that Apple's lawsuit was "careless, aggressive, and oddly personal," and criticized Apple for not properly notifying OpenAI about the issue before filing the lawsuit.

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World Bank warns developing countries have narrow window to embrace AI

World Bank warns developing countries have narrow window to embrace AI

The World Bank on Tuesday warned that developing countries have a narrow window to seize on the economic gains that artificial intelligence can deliver. In its latest World Development Report, the World Bank said countries that fail to act could increase AI inequality, concentrate market power and weaken trust in public institutions.

Tech

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Tech

SpaceX has bought $329M worth of Tesla Megapacks so far this year

SpaceX has ramped up its purchases of Tesla Megapacks for its xAI data centers.

SpaceX has significantly increased its investments in Tesla Megapack battery storage devices, spending $329 million on them this year alone, as per the company's earnings report released on Tuesday. This purchase underscores the interconnected nature of Elon Musk's various businesses, with SpaceX and Tesla being run by the same CEO and largest shareholder.

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Texas slams on the brakes for 1,800 data centers, power grid requirements are five times higher than peak record demand — 474 gigawatts of power requests are now subject to new moratorium

Texas slams on the brakes for 1,800 data centers, power grid requirements are five times higher than peak record demand — 474 gigawatts of power requests are now subject to new moratorium

Gov. Greg Abbott (R) instructed PUCT and ERCOT to pause all data center applications until they complete an audit on all the information that data center developers must submit. The move reportedly came after PUCT asked 377 data center operators to submit water and power use, of which only 28 complied.

CarPlay is Coming to Pontoon Boats

CarPlay is Coming to Pontoon Boats

MasterCraft Boat Holdings today said it is adding CarPlay to its upcoming Crest and Balise Pontoons. The company is working with Savvy Navvy to bring ‌CarPlay‌ and on-water navigation to boaters.

Business

Where are Elon Musk’s former DOGE staffers now?

Business

Where are Elon Musk’s former DOGE staffers now?

As wildfires spread across the United States, the federal government is confronting the consequences of cuts made early in President Donald Trump’s second term. The U.S. Forest Service was among the agencies hit by the Department of Government Efficiency, or DOGE, and MS NOW reports that the reductions have hampered the government’s response to the blazes. DOGE was created to bring private-sector…

The aftermath of Elon Musk's Department of Government Efficiency (DOGE) has left a trail of former staffers scattered across various sectors. Some have found success in the private sector, while others have transitioned into roles within the government itself.

Edward Coristine, infamous for his alleged attempt to upload Social Security Administration data to an unsecured server, now works at the National Design Studio. This office, established to modernize federal websites, is tasked with making them more user-friendly, visually consistent, and cost-effective.

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Susan Collins opposes Todd Blanche for attorney general

Susan Collins opposes Todd Blanche for attorney general

Sen. Susan Collins (R-Maine) said Tuesday she will vote against Todd Blanche's nomination for attorney general . Why it matters: Collins' vote won't sink Blanche's nomination on its own . But it makes every remaining undecided Republican that much more important. With Sen.

Wall Street finds new edge behind Trump's presidential paywall

Wall Street finds new edge behind Trump's presidential paywall

Data: Financial Modeling Prep, Binance; Chart: Erin Davis/Axios Visuals For years, Truth Social was President Trump's money-losing megaphone. Now his company is charging Wall Street up to $1.2 million a year for a split-second edge on posts that can — and frequently do — jolt global markets.

Finance & Markets

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Finance & Markets

S&P 500 hits record, Dow surges 700 points after Bessent says Hormuz deal is near: Live updates

Stocks experienced a significant surge on Tuesday, driven by robust quarterly earnings from leading companies like Palantir Technologies and Caterpillar, coupled with a drop in oil prices due to optimism surrounding a potential U.S.-Iran deal to reopen the Strait of Hormuz. The S&P 500 climbed 0.5%, while the Nasdaq Composite soared 0.9%, with Palantir surging more than 17%.

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World

Mass funeral in Gaza for 112 Palestinians killed in 2023 Israeli strike

World

Mass funeral in Gaza for 112 Palestinians killed in 2023 Israeli strike

The bodies - belonging to members of two extended families - have only recently been recovered from under rubble in Gaza City.

A mass funeral took place in Gaza City for 112 Palestinians, predominantly women and children, who lost their lives in an Israeli strike on a residential building in the Sabra neighbourhood back in November 2023. The victims, members of two extended families, were buried after being recovered from under the rubble over a span of two weeks. The funeral is reported to be the largest of its kind in Gaza, with relatives carrying the bodies to their final rest, each covered with a Palestinian flag or a photo of the deceased.

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Science

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Science

Leonardo DiCaprio and Jeff Bezos lead $200M project to save 100 of globe’s most threatened species

LOS ANGELES (AP) — Foundations funded and co-founded by Leonardo DiCaprio and Jeff Bezos have launched an initiative committing $200 million to revive 100 of Earth’s most threatened species, including endangered lemurs, salamanders, pangolins, pigs and echidnas. DiCaprio’s Re:wild and the Bezos Earth Fund are leading the Phoenix Species Project, the groups announced Tuesday.…

On August 4, the Los Angeles Times reported that the foundations co-founded by Leonardo DiCaprio and Jeff Bezos have initiated a $200 million project to save 100 of Earth's most endangered species. The Phoenix Species Project, led by DiCaprio's Re:wild and the Bezos Earth Fund, claims to be the largest single fund ever dedicated to recovering critically endangered species.

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Health & Medicine

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Health & Medicine

Ebola kills 1,700 in eastern Congo as the fastest-growing outbreak surges

BUNIA, Congo (AP) — Ebola has killed more than 1,700 people in eastern Congo in the…

A deadly Ebola outbreak has claimed over 1,700 lives in eastern Congo, marking the swiftest surge of the disease, according to recent data. As of Tuesday, the outbreak had recorded 3,802 cases and 1,707 fatalities, with the latest government update revealing the grim statistics. The duration of the outbreak's peak remains uncertain, with Africa CDC Director-General Jean Kaseya expressing his concerns during his recent visit to Bunia, the town located near the outbreak's epicenter.

Kaseya highlighted that a vast majority of new cases, around 80%, are not originating from contact tracing efforts, but rather from community spread itself.

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Culture

Infantino's problems mount as Wenger and key FIFA ally turn on him

Culture

Infantino's problems mount as Wenger and key FIFA ally turn on him

Pressure on FIFA president Gianni Infantino intensified on Tuesday, with opposition emerging from within world football's governing body as well as from external critics over his since-abandoned proposal to open the World Cup to private investment.FIFA had floated the plan last Tuesday, saying it could raise up to $4.2 billion based on a valuation of $20 billion for a new commercial subsidiary,…

FIFA president Gianni Infantino faced mounting criticism on Tuesday as both former allies and external observers voiced their opposition to his previously abandoned proposal for opening the World Cup to private investment. Former Arsenal manager Arsene Wenger, who served as FIFA's chief of global football development since 2019, declared that the decision to abandon the project was "absolutely necessary and beyond question."

Additionally, secretary-general Mattias Grafstrom issued an internal email to FIFA staff, distancing himself from Infantino regarding the affair, describing the situation as "a sad and reproachable series of events."

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Mary Rivera, ‘Spider-Man: No Way Home’ Actress, Dies at 82

Rivera is known for appearing as Ned Leeds' grandmother in the Marvel blockbuster The post Mary Rivera, ‘Spider-Man: No Way Home’ Actress, Dies at 82 appeared first on TheWrap .

  • Mary Rivera played Lola in 'Spider-Man: No Way Home'
  • Rivera died at 82, buried in Honolulu on April 15
  • Known for brief yet pivotal role in blockbuster film

Brittany Snow Joins Sydney Sweeney in ‘The Housemaid’s Secret’

"The Hunting Wives" star will play the role of Marybeth The post Brittany Snow Joins Sydney Sweeney in ‘The Housemaid’s Secret’ appeared first on TheWrap .

  • Brittany Snow joins Sydney Sweeney in "The Housemaid's Secret."
  • Snow plays Marybeth, Michele Morrone returns as Enzo.
  • Film based on Freida McFadden's bestseller, releases Dec 17, 2027.