| Leah Nylen / Bloomberg: |
The FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to provide information on how their AI chatbots impact children and teens — The Federal Trade Commission ordered Alphabet Inc.'s Google, OpenAI Inc., Meta Platforms Inc. and four other makers of artificial intelligence chatbots … | Tim Hardwick / MacRumors: |
An iOS support page says AirPods' Live Translation feature won't be available to users in the EU with an EU-region Apple Account, likely due to EU regulations — Apple's new Live Translation feature for AirPods will be off-limits to millions of European users when it arrives next week … | Natalie Lung / Bloomberg: |
The US DOJ sues Uber, with its civil rights division alleging that Uber discriminates against people with physical disabilities in violation of federal law — Uber Technologies Inc. was sued by the US Justice Department over claims that the ride-sharing giant discriminates against people … | Vas Panagiotopoulos / Wired: |
Atlantic Council: the number of US-based investors in spyware companies nearly tripled in 2024 to 31, compared to just 11 in 2023, topping Israel's 26 investors — A new report warns that the number of US investors in powerful commercial spyware rose sharply in 2024 and names new countries linked to the dangerous technology.| Blake Brittain / Reuters: |
Encyclopedia Britannica and Merriam-Webster sue Perplexity, alleging that it unlawfully scraped their websites and redirected their traffic to its AI summaries — Perplexity AI is the latest artificial intelligence company to be hit with a lawsuit by copyright holders … | Parmy Olson / Bloomberg: |
AI companies' bet on prediction token-based LLMs may make them vulnerable to disruption by a novel approach, especially as new models face diminishing returns — Fortunes are riding on one AI technique, even as cracks start to show. — Every investor knows not to put all your eggs in one basket.| Echo Wang / Reuters: |
Sources: Winklevoss twins' Gemini has seen its planned US IPO oversubscribed by 20x; in an unusual move, the IPO proceeds will be capped at $425M — Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders … | Taylor Soper / GeekWire: |
F5 plans to acquire CalypsoAI, which helps companies secure their generative AI infrastructure, for $180M; CalypsoAI raised $43.2M — Seattle-based security and application delivery giant F5 will pay $180 million to acquire CalypsoAI, a startup founded in 2018 that helps companies secure their generative AI infrastructure.| Financial Times: |
How Larry Ellison, briefly the world's richest man, and Oracle CEO Safra Catz capitalized on the AI boom and vaulted Oracle into contention with industry giants — Tech billionaire capitalised on the AI boom to briefly claim the title of world's richest person| New York Times: |
Graphic videos of Charlie Kirk's shooting, first posted to X, also spread to Instagram, Threads, YouTube, and Telegram within hours, amassing millions of views — First posted to X, they amassed millions of views on Instagram, Threads, YouTube and Telegram within hours.| The Information: |
OpenAI projects $200B in revenue in 2030, with R&D spending hitting ~45% of that, or ~$90B; R&D costs of Alphabet and others are currently 10%-20% of revenue — The most popular consumer internet services usually figure out how to make money even after a decade or more of losses.| Declan Harty / Politico: |
CFTC nominee Brian Quintenz says the Winklevosses asked Trump to pause his confirmation after he refused to make promises “rectifying” a prior Gemini settlement — “Our complaint raises serious questions and concerns about the culture of the agency that you are about to chair … | Reuters: |
Figure's shares opened up 44% at $44 in its Nasdaq debut, giving it a $7.62B+ market cap, after the company and some of its backers raised $787.5M in its IPO — Figure Technology (FIGR.O) was valued at $7.62 billion after its shares jumped 44% in their Nasdaq debut on Thursday … | Jordan Novet / CNBC: |
Adobe reports Q3 revenue up 11% YoY to $5.99B, vs. $5.91B est., Digital Media revenue up 12% to $4.46B, and Digital Experience revenue up 9% to $1.48B — Adobe reported fiscal third-quarter results that topped analysts' estimates. The design software maker's shares rose in extended trading.
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| Pranav Mukul / The Economic Times: |
| Tim Anderson / The Register: |
| Sam Schube / Wall Street Journal: |
| Katherine Hamilton / Wall Street Journal: |
| The Information: |
| Lauren Forristal / TechCrunch: |
| Jody Godoy / Reuters: |
| Emma Roth / The Verge: |
| Terrence O'Brien / The Verge: |