| Bloomberg: |
Sources: the US DOJ is poised to sue Apple as soon as Thursday, accusing it of violating antitrust laws by blocking rivals from accessing iPhone features — - Lawsuit to be filed in federal court as soon as Thursday — Case comes as iPhone maker also faces scrutiny in Europe| CNBC: |
Reddit priced its IPO at $34 a share, the top of its expected range, bringing in $519M and valuing the company at about $6.5B — In this photo illustration a Reddit logo is seen displayed on a smartphone. — Reddit, the 19-year-old website that hosts millions of online forums … | Wall Street Journal: |
Meta, Microsoft, X, and Match Group file an amicus brief in Epic v. Apple protesting Apple's plan to charge a commission for payments made outside the App Store — Four tech companies object to Apple's new app store policies related to payment for services| Emily Mullin / Wired: |
Neuralink shows its first brain implant patient, a 29-year-old man paralyzed from the shoulders down, playing online chess using the Neuralink device — In a livestream on X, the paralyzed 29-year-old man used his Neuralink brain implant to control a computer.| Ben Schoon / 9to5Google: |
Epic plans to release the Epic Games Store on iOS and Android later this year, with the same terms as the ones for PC, including a 12% commission on sales — With plans to launch its own game store on iOS, it's now been announced that the Epic Games Store is coming to Android.| Financial Times: |
The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states| Zephyr Teachout / The Atlantic: |
The TikTok divestment bill fits into a long and important US tradition of forbidding a hostile foreign power from controlling a major communication platform — America has a long history of shielding infrastructure and communication platforms from foreign control.| Ashley Gold / Axios: |
| Krisztian Sandor / CoinDesk: |
BlackRock unveils its first tokenized asset fund, BUIDL, built on the Ethereum network and fully backed by cash, US Treasury bills, and repurchase agreements — The asset management giant also made a strategic investment in asset tokenization company Securitize.| Bloomberg: |
A UK jury finds Jian Wen guilty of laundering bitcoin for a Chinese fugitive allegedly behind a ~$6B fraud in China; police had seized BTC worth $2.2B+ in 2018 — - Jury finds Jian Wen guilty on one count of money laundering — Jian helped Chinese fugitive Zhimin Qian launder Bitcoin| Michael Kan / PCMag: |
Canadian regulatory agency ISED clarifies its stance on banning Flipper Zero, saying the aim is to restrict the use of such devices “to legitimate actors only” — A Canadian regulatory agency says the aim is to restrict the Flipper Zero ‘to legitimate actors only.’ — Michael Kan| Kate Knibbs / Wired: |
Fairly Trained certifies KL3M, an LLM claimed to be built without the permissionless use of copyrighted materials by legal tech consultancy startup 273 Ventures — OpenAI claimed it's “impossible” to build good AI models without using copyrighted data. An “ethically created” … | Yossi Matias / The Keyword: |
In a research paper, Google Research details how AI enabled the company to provide accurate flood forecasting in over 80 countries up to seven days in advance — A paper published in Nature today shows how Google Research uses AI to accurately predict riverine flooding and help protect livelihoods … | Frederic Lardinois / TechCrunch: |
GitHub releases code scanning autofix, powered by Copilot and CodeQL, in public beta for GitHub Advanced Security customers, to help them fix vulnerabilities — It's a bad day for bugs. Earlier today, Sentry announced its AI Autofix feature for debugging production code and now … | Alfred Ng / Politico: |
The US House passes a bill to prevent data brokers from selling personal data to China, Russia or other “foreign adversaries”; the bill now heads to the Senate — The first major Capitol Hill action on tech in years passes the House with broad support — and steers straight … | David Gilbert / Wired: |
X suspended accounts of some journalists and researchers who posted the alleged real name of neo-Nazi cartoonist Stonetoss after Stonetoss appealed to Elon Musk — Researchers and journalists have been blocked on X from sharing the alleged identity of the neo-Nazi cartoonist Stonetoss.| Tim Copeland / The Block: |
A commit in Ethereum Foundation's GitHub repository shows the foundation has received a voluntary and confidential inquiry from an unspecified state authority — - The Ethereum Foundation has received a voluntary and confidential inquiry from an unspecified state authority, according to the foundation's GitHub repository.| NBC News: |
Sources: after more than six months, the FBI has resumed limited outreach to some US tech companies about foreign propagandists using their platforms — The agency put the briefings on pause amid lawsuits and government scrutiny. — The FBI has resumed some of its efforts to share information … | Bloomberg: |
Chipmaker Astera Labs jumped 72% in its trading debut after its IPO topped expectations to raise $713M, giving the company a market value of $9.46B — - Chip connectivity firm's IPO fourth largest in US this year — Share sale elevates expectation for IPOs including Reddit's| Duncan Riley / SiliconANGLE: |
Boston-based CyberSaint, which helps enterprises assess, measure, remediate, and communicate their cyber risk posture, raised a $21M Series A led by Riverside — Cyber risk management startup CyberSaint Inc. today announced that it has raised $21 million in new funding to build on customer momentum … | Financial Times: |
Court docs: Sachin Dev Duggal, the CEO of London-based Builder.ai that raised a $250M Series D in 2023, is a suspect in a money laundering probe in India — Court documents show Sachin Dev Duggal and Saurabh Dhoot face questions from authorities over past business dealings| Tim De Chant / TechCrunch: |
Paris-based Greenly, whose carbon accounting software helps SMBs track their carbon emissions, raised a $52M Series B, and reports $10M+ in ARR in 2023 — Plenty of major corporations have announced net-zero emissions targets. And while that alone won't be enough to move the needle on climate change … | The Information: |
Sources: Cohere, which has raised $445M and was seeking new funding at a $6B valuation last year, generated just ~$13M in annualized revenue at the end of 2023 — The conversational artificial intelligence boom sparked by ChatGPT boosted funding and valuations for startups in the field, but few of them are making much money.
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| Jess Weatherbed / The Verge: |
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| Bill Toulas / BleepingComputer: |