Banks launch stablecoin, LinkedIn data grab, TikTok sale order, AI threat to software, Starbucks CTO exit

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European banks to launch euro stablecoin in bid to counter US dominance
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• A consortium of nine major European banks, including ING and UniCredit, is creating a new company to issue a euro-denominated stablecoin.

• The planned launch is in the second half of 2026, with the company to be based in Amsterdam.

• This move signals traditional banks’ push into digital payments, even as the European Central Bank remains cautious about stablecoin risks.

LinkedIn will use your data to train its AI unless you opt out now
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• Starting November 3, 2025, LinkedIn plans to use user profiles, posts, resumes, and activity to train its AI models, with this usage enabled by default.

• Users must opt out via privacy settings; the opt-out only applies to future data, not what’s already been collected.

• Data shared will also include information sent to Microsoft and its affiliates for ad personalization, but not data disallowed by current ad settings.

One in five Americans now get their news from TikTok - as Trump jokes he’d make algorithm ‘100 percent MAGA’
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• President Trump signed an executive order declaring that a proposed sale of TikTok’s U.S. operations meets national security standards.

• The new entity would be majority U.S.-owned, with ByteDance retaining less than 20 % and only one board seat.

• Trump joked he’d make TikTok’s algorithm “100% MAGA” if he could — raising concerns about content control and political bias.

Morgan Stanley warns AI could sink 42-year-old software giant
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• Morgan Stanley cautioned that generative AI could threaten established software companies, by enabling disruption of their core business models.

• The firm downgraded Adobe, citing that direct monetization of generative AI has underperformed expectations.

• The analysis suggests that AI is accelerating competitive pressures on incumbents in the software industry.

Starbucks CTO resigned Monday amid tech revamp
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• Starbucks’ Chief Technology Officer, Deb Hall Lefevre, resigned, and Ningyu Chen — formerly SVP of Global Experience Technology — is interim CTO.

• The resignation occurs as Starbucks pursues a tech-driven turnaround plan (“Back to Starbucks”) involving AI tools like automated inventory, barista assistants, and updated point-of-sale systems.

• The company is also cutting about 900 non-retail roles and planning to close a portion of underperforming stores in North America.