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Sources: EA is in talks to go private in a deal valuing it at ~$50B; investors include Jared Kushner's PE firm and Saudi Arabia's PIF; EA closes up 14.87% — Investors including Silver Lake eyeing deal that would likely be the largest leveraged buyout ever| Ben Berkowitz / Axios: |
Trump says Microsoft should fire its global affairs head Lisa Monaco over her work in the Biden administration, calling her a “menace to US National Security” — President Trump late Friday demanded Microsoft fire its head of global affairs, Lisa Monaco, over her work in the Biden administration.| Mark Gurman / Bloomberg: |
Sources: Apple has developed an internal ChatGPT-like iPhone app, code-named Veritas, to help test and prepare for a major Siri overhaul next year — Apple Inc. has developed a ChatGPT-like iPhone app to help test and prepare for a long-anticipated overhaul of Siri coming next year, according to people familiar with the matter.| Reuters: |
Sources: ByteDance will maintain ownership of TikTok US' revenue-generating business operations such as e-commerce and advertising — - ByteDance to retain ownership of TikTok's U.S. business operations, sources say — Joint venture to handle U.S. user data and algorithm, sources say| Bloomberg: |
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Salt Lake City-based Filevine, which offers tools to help manage legal workflows, raised $400M from Insight Partners, Accel, Halo Fund, and others in two rounds — Filevine Inc., the developer of a software platform that helps attorneys create and manage legal documents, has raised $400 million in funding.| Alexandra Alper / Reuters: |
Sources: the US Commerce Department is considering imposing tariffs on foreign electronic devices based on the number of chips they contain — - Trump seeks to drive companies to shift manufacturing to the US — “America cannot be reliant on foreign imports” of chips, White House says| Alex Heath / Sources: |
Andrew Bosworth says Meta is working on humanoid robots, internally called “Metabot”, as its next “AR size bet”, envisions licensing software to robot makers — During a recent trip to Meta HQ, I took the opportunity to ask one of the company's top execs about its new robotics effort.| Josh Eidelson / Bloomberg: |
Leaked letter: NLRB drops claims against Tim Cook, including that he violated workers' rights with a 2021 email threatening staffers who leak confidential info — The US labor board has abandoned its allegations that Apple Inc. Chief Executive Officer Tim Cook violated federal labor law … | Dwarkesh Patel / Dwarkesh Podcast: |
Q&A with reinforcement learning pioneer Richard Sutton on why LLMs are not the path to achieving human intelligence, world models, continual learning, and more — Richard Sutton is the father of reinforcement learning, winner of the 2024 Turing Award, and author of The Bitter Lesson.| Greg Bensinger / Reuters: |
At an all-hands, AWS CEO Matt Garman criticized staff for slow product rollouts and demonstrated a new agentic AI product for internal testing called Quick — - AWS executive criticizes slow product rollouts at Reinvent event — Amazon grapples with AI competition and market perception| Aisha Malik / TechCrunch: |
eBay agrees to acquire Tise, a social marketplace for secondhand fashion and interior design items that has raised $45M in funding, for an undisclosed sum — eBay announced on Monday that it's acquiring Tise, a social marketplace for second-hand fashion and interior design items.| Bloomberg: |
Sources: Kraken is in advanced talks to raise $200M to $300M from a strategic investor at a valuation of ~$20B, after recently raising $500M at a $15B valuation — Kraken is in advanced talks to raise new funding that could value the crypto exchange at about $20 billion … | Bloomberg: |
Google agrees to guarantee $1.4B of AI computing startup Fluidstack's $3B, 10-year agreement with Cipher Mining and gets the right to buy a 5.4% stake in Cipher — Alphabet Inc.'s Google has agreed to anchor a $3 billion data center contract with Cipher Mining Inc. in the latest tie up between … | Reuters: |
Swiss microfluidic chip-cooling tech startup Corintis raised a $24M Series A, a source says at a $400M valuation, and announces adding Lip-Bu Tan to its board — - Corintis valued at around $400 million after Series A round - source — Corintis plans to expand team, scale up manufacturing and open U.S. offices| Jay Peters / The Verge: |
YouTube is testing AI hosts, who will share stories and trivia about the music users are listening to, in the YouTube Music app through its new Labs program — The hosts will share stories and trivia about the music you're listening to. … YouTube is adding AI hosts to radio and mixes … | Sean Hollister / The Verge: |
A US court rules that the DOD can classify DJI as a “Chinese Military Company”, finds that there is enough evidence that DJI is supported by Chinese government — DJI loses its lawsuit against the US government. … Last October, dronemaker DJI sued the US Department of Defense …
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