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eBay Buys Depop, AI Warns of Lagging Nations

US military strikes on alleged drug-smuggling boats resulted in the deaths of 11 people, marking one of the deadliest days in the Trump administration's campaign against alleged traffickers, according to US military officials. The strikes, which targeted three boats in the eastern Pacific and Caribbean, brought the total number of fatalities from US actions to 145 since September.

The military action on Monday was part of a months-long campaign initiated by former President Donald Trump against individuals deemed narco-terrorists. The US Southern Command posted video of the strikes on social media.

In other news, tech platforms in the UK would face new regulations requiring them to remove intimate images shared without consent within 48 hours, under a proposed law. Failure to comply could result in hefty fines or service blocks, according to BBC Business. The government aims to treat intimate image abuse with the same severity as child sexual abuse material and terrorist content. Janaya Walker, interim director of the End Violence Against Women Coalition, called the move "welcome and powerful," stating it "rightly places the responsibility on tech companies to act."

Meanwhile, eBay announced its acquisition of the second-hand clothing app Depop for $1.2 billion, as reported by BBC Business. The deal aims to help the online auction firm, which is over 30 years old, "reach a younger demographic across the expanding re-commerce landscape." Depop, popular among Gen Z shoppers, was previously owned by Etsy, which bought the business five years prior for $1.6 billion. Apps facilitating the buying and selling of used clothing have gained popularity as young consumers seek sustainable and affordable alternatives.

In economic news, a former advisor to Donald Trump criticized a Federal Reserve study, calling for economists to be "disciplined." Kevin Hassett, director of the National Economic Council, described the report, published by the New York Federal Reserve, as "an embarrassment." The study argued that US firms and consumers bore the brunt of the president's tariffs. Hassett's comments, reported by CNBC, represent the latest criticism from the Trump administration.

Finally, George Osborne, now working for OpenAI, warned that countries failing to embrace artificial intelligence risk being left behind, according to The Guardian. Osborne, who is two months into his role at the San Francisco AI company, stated that without AI, nations could become "weaker and poorer." He suggested that workforces might be more inclined to seek AI-enabled opportunities elsewhere.

AI-Assisted Journalism

Synthesized from multiple sources. Reviewed for accuracy.

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