PRESS DIGEST-Financial Times - April 7

April 7 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

• Top record labels and start-up Suno hit impasse in talks over AI-generated music

• JPMorgan to build Canary Wharf’s tallest tower after City airport approval

• UK considers testing AI models used by banks

• UK to host meeting on safe passage through Strait of Hormuz after war

Overview

• Talks over licensing deals between the world’s largest record companies, such as Universal Music UMG.AS and Sony 6758.T, and start-up Suno have reached a stalemate as the music behemoths reject the start-up’s model for distributing AI-generated music.

• JPMorgan Chase JPM.N has won approval to build one of the tallest office towers in Europe, with its new Canary Wharf tower to stand at 265 metres.

• The British government is weighing a plan to conduct standardised testing of the general purpose AI models used by all UK lenders after the Bank of England warned them over their evaluation practices last year.

• Britain will on Tuesday hosta military planning meeting of more than 40 countries willing to secure safe passage in the Strait of Hormuz after the war in the Middle East ends.