Image caption, Andy Burnham is exploring holding an expanded Budget this autumn to set out strategic priorities, reports the Financial Times. New strikes on Iran by the US pose biggest test for interim deal, it headlines. Image caption, As part of Burnham's Budget, the Telegraph reports he has a plan for £38bn tax raid. The paper leads with the latest in the murder of Ann Widdecombe, saying that the suspect drove 300 miles to her house. Image caption, The Metro also leads with the Widdecombe murder, leading on police comments that the killing was not political.

The US government has lifted export controls on Anthropic's most advanced artificial intelligence (AI) tools, just weeks after ordering it to restrict access to them over national security concerns, the company has said. Anthropic said in a social media post that it will begin restoring access to Claude Fable 5 and Mythos 5 on Wednesday after being notified that the US Department of Commerce has lifted export controls on the two models. They are the firm's most advanced AI tools, which were abruptly suspended on 12 June over concerns that they could be used by hackers to exploit weaknesses in computer systems. The BBC has contacted the Department of Commerce for comment. Mythos and Fable are two of Anthropic's AI models built on its Claude platform - a rival to the likes of OpenAI's ChatGPT and Google's Gemini. Fable 5 is a version of the AI model for the cosumer market, capable of deep reasoning and can perform complex tasks independently.

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South Korea has unveiled plans for about $1tn (£760bn) of investments to build out the country's chip manufacturing and artificial intelligence (AI) capabilities in the coming years. It is part of the country's so-called Three Mega Projects to develop new chip production hubs, data centres and robotics technology. The plan is aimed at rejuvenating the economies of areas outside the capital Seoul, President Lee Jae-myung said on Monday. It comes as regional rivals like Taiwan, China and Japan are investing heavily in chip factories and other technologies as the AI boom pushes up demand for semiconductors. We must secure the core elements of AI faster than any other country, Lee said.

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Meta has paused a new company-wide program of tracking its employees' computer usage which has been plagued by internal frustration. The program was started only two months ago as part of an effort by Meta to gather data on how people used computers, including mouse clicks and keystrokes, that could be used to train artificial intelligence (AI) models. It was met immediately with upset from employees who were to have their every online action at work tracked and recorded, but also concerned about where the data was going and how it would be protected. Meta halted the program on Monday after realising some of the collected data had been left potentially accessible to anyone inside the company. A Meta spokesman confirmed to the BBC that the program, named internally the Model Capability Initiative (MCI), was on pause for now as the company investigates the issue.

Financial markets received a sharp wake-up call on Tuesday following a sudden wave of selling in major technology shares, triggering widespread doubt over the sustainability of the AI boom. The tech-focused Nasdaq index fell about 2% alongside international chipmakers, reigniting fears that dizzying market valuations have finally run out of momentum after a relentless three-month climb. At the same time, the newly public SpaceX has faced an incredibly choppy session . The aerospace giant's share price plunged below the $150 (£114) mark-its initial floatation price-before staging a modest recovery to $157 despite the broader market anxiety. For months, international stock exchanges have climbed on pure optimism.

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Andy Burnham has accused former Labour Prime Minister Sir Tony Blair of failing to understand what's going on in people's lives and underestimating the impact of inequality. Sir Tony used a 5,600 word essay to argue the Labour government had no coherent plan for the country and had introduced policies that had held back business. He urged Labour not to move to the left and to embrace the radical centre instead. But Burnham, who is widely expected to challenge Sir Keir Starmer for the Labour leadership if he wins a by-election next month, told the Observer Sir Tony doesn't mention inequality once in his critique of where the Labour government has gone wrong. If you don't get how that's driving politics now, if you are not rooting your analysis in the fact that people are unable to live and that things that were taken for granted are no longer affordable, then you are not understanding what's going on, said the mayor of Greater Manchester.