Scale

• Hundreds of prominent economists and tech leaders from organizations including OpenAI, Google, and Anthropic signed a letter warning that AI could lead to "large-scale job displacement." • The signatories are urging immediate action to ensure that AI advancements complement human labor and provide broad societal benefits rather than causing economic instability. • This warning comes amid an intense global competition between the U.S., China, and other nations to dominate the AI sector and lead in technological innovation.

• Delivery Hero's stock remains steady as investors focus on the company's global delivery platform and its primary operations in Europe and Asia. • The company's financial performance is currently tied to business scale and its specific exposure to European markets. • Market analysts note that growth in the platform economy is often rapid, but profit margins are heavily dependent on local competitive intensity and order density.

Nearly 17,000 injured and thousands more listed as missing amid calls by president Delcy Rodríguez and UN for financial helpThe death toll in Venezuela’s devastating twin earthquakes has passed 4,300, the government said on Saturday.At least 4,333 people were killed and 16,740 injured in the back-to-back quakes on 24 June that flattened entire districts in the coastal state of La Guaira, the Venezuelan parliament chief, Jorge Rodríguez, wrote on Telegram. Thousands more people are listed as missing. Continue reading...

• The BBC and Channel 4 are currently in discussions regarding a potential streaming partnership to increase their collective scale. • This strategic tie-up aims to combat the loss of younger audiences who are increasingly migrating toward global streaming platforms. • Separately, the BBC reports success in improving license fee compliance, citing the effective use of QR codes during World Cup coverage.

• Royal Bank of Canada (ISIN CA7800871021) is leveraging its massive North American scale and diversified business model to navigate a mixed macroeconomic environment. • The bank maintains multiple revenue streams across retail and commercial banking, insurance, wealth management, and capital markets to hedge against interest-rate cycles. • This diversification is critical for long-term earnings power, particularly as the bank expands its U.S. footprint through cross-border lending and capital market relationships.

Maine’s embattled US Senate nominee has faced calls to withdraw after a sexual assault allegation he deniesSign up for the Breaking News US newsletter emailGraham Platner, the embattled Democratic nominee for US Senate in Maine, has been accused of trying to influence the process of picking his replacement amid a chorus of calls for him to withdraw from the race.Platner has publicly said he is “taking the time to reflect on the best path forward” after an allegation of sexual assault, which he denied, was published on Monday. Continue reading...

• The National Cyber Security Centre (NCSC) is seeking AI partners to develop a "Cyber Shield" designed to protect the UK's national infrastructure. • The system will utilize "red" and "blue" AI agents to simultaneously identify security vulnerabilities and defend against threats in real time. • This initiative aims to create reliable, explainable AI solutions that can scale and execute at the speed required to counter modern cyberattacks.