The day in tech.

Meta removed a new feature that let Meta AI users generate images from public Instagram accounts by tagging them, following significant backlash. The feature, part of the Muse Image AI model rollout, allowed content from any public account to be used without permission. Meta admitted it "missed the mark" and disabled the feature.

Elon Musk told Tesla employees in a Friday memo to switch to using Grok, the AI model from his own xAI, which is now folded into SpaceX. Musk admitted Grok is not as good as its rivals. The directive follows Tesla capping employee spending on third-party AI tools.

China successfully recovered the first stage of the Long March 10B rocket on its maiden flight, catching it in a net at sea. Developed by CALT, the booster used hooks to grab the net instead of landing legs. It is the second nation and third entity to recover an orbit-worthy rocket, after SpaceX and Blue Origin.

AI companies are providing financial support to museums. In exchange, these companies seek access to museum collections and data for training their artificial intelligence models. The arrangement gives museums funding while AI firms gain valuable cultural content.

HMRC is deploying artificial intelligence to identify tax discrepancies among wealthy individuals. The system analyzes financial data to flag potential underpayments. Tax experts advise high-net-worth clients to ensure their filings are accurate and complete to avoid triggering automated investigations.

The semiconductor industry faces headwinds even as artificial intelligence drives demand. Chipmakers grapple with supply chain issues, rising costs, and geopolitical tensions. The AI boom has not translated into broad profits for the sector, leaving many companies under pressure.

SK Hynix's U.S.-listed shares surged 13% in their Nasdaq debut after the South Korean chipmaker raised $26.5 billion through a share sale. The strong debut signals continued investor appetite for AI-linked semiconductor stocks despite a recent sector pullback.

SBI Funds Management's Rs 11,600 crore IPO is entirely an offer for sale, meaning no fresh capital goes to the company. Investors compare SBI MF against ICICI Prudential AMC, HDFC AMC, and Nippon Life India AMC. Analysts note the asset-light AMC business makes the OFS structure less concerning.

Federal Reserve Chairman Kevin Warsh appointed Xbox CEO Asha Sharma to lead a new Productivity and Jobs task force, one of five panels examining monetary policy areas including communications, balance sheet policy, economic data, and inflation frameworks. The appointment comes days after Microsoft laid off 3,200 people.

Three IPOs will raise nearly Rs 11,980 crore next week. SBI Funds Management seeks Rs 11,693 crore via an offer for sale. Alpine Texworld targets Rs 126.25 crore. Millworks Technologies opens a Rs 160.34 crore SME issue. Grey market premiums soar up to 111%.