| The Walt Disney Company: |
Disney plans to acquire NBCU's 33% stake in Hulu, gaining full ownership, and expects to pay ~$8.61B, representing NBCU's share of a $27.5B guaranteed floor — The Walt Disney Company (NYSE: DIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.'s (NASDAQ … | Khari Johnson / Wired: |
The OMB releases draft rules that require US federal agencies to monitor AI in health care, law enforcement, and housing for potential harms against citizens — Draft rules from the White House would require federal agencies to assess AI systems currently in use in law enforcement … | Ingrid Lunden / TechCrunch: |
| Joe Duball / IAPP: |
The EDPB instructs the Irish DPC to ban Meta's use of personal data for behavioral ads across the EU member states and EEA countries within two weeks — An unprecedented shakeup in the advertising technology space has arrived in Europe. Changes are coming to adtech's approach to privacy … | Filipe Espósito / 9to5Mac: |
Apple quietly discontinued Apple Music's $4.99/month Voice Plan, introduced in 2021 to let users access the Apple Music catalog exclusively via Siri — Apple this week held a special event to announce new Macs, but what the company didn't tell is that it has just quietly discontinued the … | Elizabeth Lopatto / The Verge: |
US v. SBF: in closing statements, the US relied heavily on evidence to argue SBF is guilty and said he was “greedy” while SBF's defense only made things worse — Mistakes aren't illegal, but fraud is — and Bankman-Fried's lawyers never made his defense land.| Niket Nishant / Reuters: |
PayPal says the company received an SEC subpoena tied to its US dollar stablecoin, launched in August 2023 — Payments firm PayPal Holdings (PYPL.O) said on Thursday it had received a subpoena from the Securities and Exchange Commission (SEC) tied to its U.S. dollar stablecoin.| CoinDesk: |
The US SEC charges SafeMoon and its executives for selling unregistered crypto securities and misappropriating investors' funds the team promised were “locked” — Crypto company SafeMoon's CEO and chief technology officer were arrested, accused of withdrawing more than $200M … | Amanda Chicago Lewis / The Verge: |
A critical look at the SEO industry: users complain that Google isn't as useful anymore, some SEO experts say gaming Google's algorithm is now harder, and more — As the public begins to believe Google isn't as useful anymore, what happens to the cottage industry of search engine optimization experts … | Leah Nylen / Bloomberg: |
US v. Google: Google's VP of Search Elizabeth Reid disputes the government's contention that Google “rushed” Bard's launch after Microsoft announced Bing Chat — - Chatbot offered wrong answer on James Webb telescope images — Elizabeth Reid testified about AI efforts at antitrust trial| Ryan Browne / CNBC: |
The UK plans to invest £225M into Isambard-AI, an AI supercomputer 10x faster than the UK's current quickest machine, to be built by the University of Bristol — - The U.K. government said Wednesday that it will invest £225 million, or $273 million, into an AI supercomputer … | Reuters: |
Boeing investigates a cyber incident that impacted its parts and distribution business, days after LockBit announced stealing “a tremendous amount” of data — Boeing (BA.N), one of the world's largest defense and space contractors, said on Wednesday it was investigating … | Theo Wayt / The Information: |
Flexport acquires the tech stack of shuttered digital freight startup Convoy; a source says Convoy CEO Dan Lewis will join Flexport as part of the deal — Flexport has reached a deal to buy the technology of shuttered trucking startup Convoy, as Flexport doubles down on its U.S. trucking ambitions … | Jennifer Pattison Tuohy / The Verge: |
DoorDash tests a prompt warning customers that orders with no tip ahead of time may take longer to get delivered, since drivers choose which orders to accept — DoorDash has added a pop-up in its app this week warning customers that orders with no tip might take longer to get delivered.| Abner Li / 9to5Google: |
YouTube begins raising Premium's price globally, including in Argentina, Australia, Austria, Germany, Poland, and Turkey, after raising the US price in July — Following the United States in July, YouTube Premium's international price increase is starting.| Myles McCormick / Financial Times: |
How Arizona State University, a “secret weapon” that has become a hive of R&D for the chip industry, made Phoenix the beating heart of the US chipmaking boom — Arizona State's role in building skilled labour force is part of national trend as investors scramble for talent| Brody Ford / Bloomberg: |
Intuit plans to shut down personal finance app Mint, which had 3.6M MAUs in 2021, on January 1, 2024, and is pushing users to Credit Karma, acquired in 2020 — - Credit Karma hopes to attract more high-score customers — Mint service had 3.6 million monthly active users in 2021| Ilya Banares / Bloomberg: |
Shopify reports Q3 revenue up 25% YoY to $1.71B, beating $1.68B est., a $56.2B GMV, beating $54.42B est., and expects ~25% 2023 revenue growth; SHOP jumps 18%+ — Revenue for the period came in at $1.71 billion, up about 25% year-over-year and beating the $1.68 billion average estimate of analysts surveyed by Bloomberg.| Lizette Chapman / Bloomberg: |
Palantir reports Q3 revenue up 17% YoY to $558M, a $72M net income, the fourth straight profitable quarter, and projects 2023 income above est.; PLTR jumps 12%+ — - Customers have clamored for the company's new AI offerings — Palantir missed expectations on sales to governments
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| Sarah Perez / TechCrunch: |
| Worldcoin: |
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| Sam Tobin / Reuters: |