Good morning from the Financial Times. Today is Friday, August 6th, and this is your FT news briefing.

Apple plans to scan personal devices for illegal behavior, and US President Joe Biden

is shifting toward a future with more electric vehicles. Plus, Robin Hood's IPO fell flat last week.

Since then, it's had some pretty incredible ups and downs.

Robin Hood is not a normal stock. It invented effectively this meme stock craze,

this retail trading craze, and you know, you live by the sword, you die by the sword.

I'm Mark Filipino, and here's the news you need to start your day.

Sources tell the FT that Apple is planning to install software on US iPhones to scan for child abuse

imagery. Their proposed system is called Neural Match, and Apple detailed that to some US

academics earlier this week. Security researchers are worried that this plan could open a door that

would be hard to close, and that millions of people's personal devices could be watched.

The FT's Madamita Mergie reported the story and has more on why Apple is getting involved

in this kind of surveillance. For quite a while now, there have been demands from governments,

from law enforcement agencies, and from campaigners saying that tech companies should be doing more

to assist with criminal investigations, and that includes issues around child pornography

and terrorism. And this isn't the first time that tech companies are even using technologies

like algorithms to spot specifically child abuse imagery. Microsoft does this on the cloud,

and Facebook on Facebook Messenger as well. So I think this is Apple trying to sort of find that

balance between responding to those demands to help with these criminal investigations while

also maintaining privacy for its customers. Now, we should point out that Apple confirmed its

plans in a blog post saying the scanning technology is part of a new suite of child protection

systems that would, quote, evolve and expand over time. Madhu, what are critics saying about Apple's

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