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Sources: Chinese officials are evaluating an option involving Elon Musk acquiring TikTok US; X would take control of TikTok US and run the businesses together — - ByteDance's preferred strategy is to fight ban, sources say — Trump has said he would like to delay ban to seek resolution| Todd Spangler / Variety: |
TikTok denies a report that China is looking at potentially facilitating a sale of the app to Elon Musk, calling it “pure fiction” — TikTok denied a report that China is looking at potentially facilitating a sale of the app to tech billionaire Elon Musk to keep TikTok operational … | Financial Times: |
The Biden admin unveils a new chip export rule that gives 18 key allies full AI chips access while requiring licenses from most other countries, including China — US semiconductor industry warns move will aid competitors — The US is imposing expansive export controls on chips used … | Reuters: |
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| Mark Gurman / Bloomberg: |
Sonos CEO Patrick Spence is leaving following a botched app revamp that upset customers and stymied growth; Sonos names board member Tom Conrad as interim CEO — - 'We've let far too many people down,' company tells staffers — Former Snap and Pandora executive Tom Conrad named interim CEO| Zeyi Yang / Wired: |
Ahead of a likely US TikTok ban, users flee to Chinese apps Xiaohongshu, aka RedNote, and ByteDance's Lemon8, currently the top two apps in the US App Store — Some say they joined Xiaohongshu, which translates to “little red book,” to spite the US government after a ban on TikTok became more likely.| Kashmir Hill / New York Times: |
Texas sues Allstate and its subsidiary Arity, accusing the insurer of illegally collecting and selling data about people's driving behavior through mobile apps — The lawsuit accuses Arity, an Allstate subsidiary, of collecting data about people's driving behavior through mobile phone apps … | Leena Rao / Business Insider: |
Chainalysis buys AI-agent security startup Alterya, sources say for ~$150M; Alterya is still in stealth mode but has clients including Coinbase, Square, Binance — - Chainalysis has acquired Alterya, a fraud-detection startup, for $150 million. — Founded in 2022, Alterya uses AI to detect scams for financial and crypto firms.| Todd Bishop / GeekWire: |
Microsoft is creating a new “CoreAI - Platform and Tools” unit led by Jay Parikh, the ex-Lacework CEO and Meta engineering executive who joined in October 2024 — Microsoft is creating a new engineering division, led by the former global head of engineering at Facebook (now Meta) … | Richard Nieva / Forbes: |
Jimmy Wales, Mark Ruffalo, others debut Free Our Feeds to raise $30M by 2028 to “billionaire-proof” AT Protocol, by making it easier for users to leave Bluesky — Free Our Feeds, which includes support from the Mozilla Foundation, is working with Bluesky to make sure … | Wall Street Journal: |
Sources: Zuckerberg met with Trump on Friday, in part to mediate a 2021 lawsuit Trump brought against Meta over his account suspension after the Jan. 6 riot — Meta pursues a MAGA makeover, in the latest political pivot for a company that once banned the now-president-elect from its platforms| Washington Post: |
An investigation finds 15 police departments across 12 US states have arrested suspects identified through facial recognition without having any other evidence — Confident in unproven facial recognition technology, sometimes investigators skip steps; at least eight Americans have been wrongfully arrested.| Bloomberg: |
Sources: Databricks secures $5B+ in its largest debt raise to date, from lenders including Blackstone and Apollo, after raising $10B in equity in December 2024 — - Blackstone, Apollo, Blue Owl among lenders in private loan — Financing also includes a $2.5 billion credit line from banks| Reuters: |
Docs: Arm was working on a strategy in 2019 to hike prices to boost annual smartphone revenue by ~$1B over 10 years, and has discussed designing its own chips — Arm Holdings (O9Ty.F), , a technology supplier to chip firms, is developing a long-term strategy to hike prices by as much as 300% … | New York Times: |
OpenAI publishes a “economic blueprint” for “AI in America”, calling on the new Trump admin to spur investment from the Middle East and avoid strict regulations — The maker of ChatGPT hopes to spur investment from the Middle East and avoid strict regulations on the development of new technologies.| Taylor Soper / GeekWire: |
Bellevue, WA-based Truveta, which aggregates medical data from 30 partner institutions, raised $320M from Regeneron, Illumina, and others at a $1B+ valuation — GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter … | Caitlin Chandler / Wired: |
A look at European tech firms Idemia, SITA, Travizory, and WCC, that offer AI tools to help governments surveil cross-border travelers and predict threats — Behind the scenes, companies and governments are feeding a trove of data about international travelers into opaque AI tools that aim to predict who's safe—and who's a threat.| Jesse Hamilton / CoinDesk: |
A US court rules the SEC must “explain itself” on why, when pressed by Coinbase, it failed to clarify its rules or offer clear new rules for crypto securities — The U.S. Securities and Exchange Commission must now thoroughly “explain itself” for refusing to grant Coinbase.'s formal request … | Dominic Preston / The Verge: |
Mastodon CEO Eugen Rochko plans to transfer Mastodon's ownership to a new non-profit, saying “Mastodon should not be owned or controlled by a single individual” — Mastodon says the decentralized network ‘should not be owned or controlled by a single individual.’| Eleanor Terrett / Fox Business: |
Crypto payments platform MoonPay has acquired blockchain payment processor Helio, a source says for $175M — The acquisition follows partnerships with PayPal and Venmo — Crypto payments platform MoonPay has acquired blockchain payment processor Helio for $175 million … | Salvador Rodriguez / CNBC: |
IAC board approves the spinoff of home improvement marketplace Angi; IAC has previously spun off companies like Expedia, Ticketmaster, and LendingTree — Barry Diller's IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017.
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| Jonathan Stempel / Reuters: |
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