🚫 Australia’s Teen Social Media Ban Tightens | 🤖 Google Embraces EU AI Code | 🏠 Christie’s Launches Crypto Real Estate Division

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Australia Tightens Teen Social Media Ban—YouTube Loses Its ‘Not Social’ Card

What Happened: In a reversal, Australia now includes YouTube in its world-first ban barring under-16s from creating social media accounts. Previously exempt, YouTube will join TikTok, Instagram, Facebook, and others under the restrictions starting in December. Young users will still watch videos, but can’t create accounts to comment or post. Google claims YouTube isn’t “social media.” Still, Canberra’s not buying it and threatens million-dollar fines for non-compliance—because nothing says “serious policy” like treating YouTube as a pool full of sharks.

 Why It Matters: This ups the global ante on how governments police tech’s impact on youth. Others will watch if Australia’s “parent-approved” rulebook can keep kids safer, or just start an arms race of workarounds between teens and tech giants.

Google Will Sign EU’s AI Code (Because You Can’t Spell ‘Compliance’ Without ‘AI’)

What Happened: Google says it’ll sign the EU’s voluntary AI Code of Practice, aimed at easing compliance as the AI Act rolls out next year. While championing open access to “secure, first-rate AI tools” in Europe, Google warns the rules could slow down releases and risk competitiveness, especially with tricky copyright and trade secrets issues. Microsoft’s in, Meta’s out, and regulators are hoping for a ‘Brussels effect’ with global dominoes.

Why It Matters: With the EU AI Act set to be the world’s first major AI rulebook, Big Tech’s moves here signal how platforms may navigate competing global standards. The code’s voluntary (for now), but it’ll shape how, and how fast, generative AI gets into everyday business—and your browser.

Amazon-Backed Skild AI’s Universal Robot Brain Hits the Floor

What Happened: Skild AI, flush with Amazon’s cash and a who is-who of robotics talent, just dropped a new general-purpose AI model designed to run almost any robot, whether it stacks boxes or climbs stairs like a caffeinated Roomba. Powered by collective data, this “shared brain” helps machines learn and adapt (and prevents them from arm-wrestling your dog).

Why It Matters: The pitch: One AI to rule all bots could mean factories, logistics, and even home robotics leapfrog the current “one bot, one job” model. But training the robots takes time, and as one Skild exec puts it, you can’t just download a year of human clumsiness from the internet.

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Earnings season feels a bit like speed dating, with Big Tech putting their best faces forward. FAANG stocks showed mixed signals yesterday: while Apple and Amazon edged up after better-than-expected profits, Google slipped amid regulatory nerves about its AI transparency pledges. Microsoft’s small dip seems mostly like investor indigestion after its latest cloud investment spree.

VC funding for early-stage startups stayed sluggish in July (every story about AI robots seems to vacuum up another check), but all eyes are on rumored unicorn IPO filings in cloud infrastructure—if a startup squeezes out an exit this quarter, expect the narrative to change overnight.

Semiconductors and cloud hardware continue to benefit from the AI arms race, seen in Panasonic’s 47% battery profit jump. Meanwhile, a wild card: the luxury real estate market is suddenly flirting with crypto deals thanks to moves by Christie's. The takeaway: keep an eye out for rule rewrites in sectors you thought were snoozing just a week ago.

Ethereum ETFs Suck In $2.3 Billion as Institutions Go All-In

What Happened: Ethereum ETFs raked in a mind-boggling $2.3 billion in net inflows in just seven days, notching their biggest creation streak to date. This isn’t just a retail punt—institutions and corporate treasuries are gobbling up ETH at twice the rate of their Bitcoin buys. BlackRock and Fidelity have gone deep, and analysts think this may be the market’s new anchor.

Why It Matters: If this keeps up, institutional Ethereum holdings could soon hit 10% of all ETH. As more traditional investors clamor for regulated crypto access, Ethereum’s DeFi primacy and regulatory clarity may finally deliver on years of bullish hype.

Christie’s Lets You Swap Crypto for Mansions

What Happened: Christie’s International Real Estate just became the first major U.S. brokerage to open a crypto-only division. Their luxury portfolio, now topping $1 billion, is up for grabs with Bitcoin or Ethereum—no banks, all blockchain, including flashy listings like Bel Air’s La Fin. Aaron Kirman’s squad will even help you keep the purchase anonymous (because who doesn’t want the option to be a ‘secret mansion owner’ these days?).

Why It Matters: This leap gives digital assets new life as transactional currency, not just speculative poker chips. It’s also a regulatory litmus test—expect other luxury sectors to copy-paste if this goes smoothly.

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