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January 14, 2025, 7:05 PM
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Top News

Nicola M White / Bloomberg:
Filing: the SEC sues Elon Musk, claiming he failed to timely disclose a major purchase of Twitter shares ahead of his takeover of the social media platform  —  (Adds details on Twitter share purchase from second paragraph.)
Ryan Browne / CNBC:
The UK CMA opens an investigation into whether Google has “strategic market status” in search and how it impacts consumers, advertisers, publishers, and rivals  —  LONDON — Britain's competition watchdog on Tuesday said that it's opening a formal antitrust investigation into Google's search and search advertising services.
Riley Griffin / Bloomberg:
Internal memo: Meta is cutting roughly 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year  —  Meta Platforms Inc. is planning to cut about 5% of its lowest performers with the intent of backfilling their roles this year, according to an internal memo sent to employees.
Justine Calma / The Verge:
Biden signs an EO that directs the DOD and DOE to lease land to companies building gigawatt-scale AI data centers and clean power facilities, and more  —  President Biden issued an executive order today aimed at speeding the development of AI data centers in the US.
Bloomberg:
The Biden admin finalizes a rule banning the import or sale of connected vehicles with hardware or software that have a “sufficient nexus” to China or Russia
Kylie Robison / The Verge:
OpenAI launches Tasks, rolling out in beta to ChatGPT Plus, Team, and Pro subscribers, to let users schedule reminders, with up to ten active at any given time  —  OpenAI is launching a new beta feature in ChatGPT called Tasks that lets users schedule future actions and reminders.
Sarah Perez / TechCrunch:
Decentralized Instagram alternative Pixelfed debuts iOS and Android apps; its Android app is the top Social app on Google Play in some markets, including the US  —  Pixelfed, a decentralized alternative to Instagram, has launched its official mobile apps.  The service today runs …
Carly Page / TechCrunch:
The US says the FBI hacked ~4.2K devices in the US to delete PlugX, malware used by China-backed hackers since 2014, after obtaining warrants in August 2024  —  U.S. authorities have confirmed that they disrupted the operations of a Chinese state-backing hacking group, which infiltrated millions …
Elliptic:
Huione Guarantee, a Telegram marketplace that facilitates “pig butchering” and other scams, recently launched several crypto products, including a stablecoin  —  - Huione Guarantee is a Telegram-based marketplace serving fraudsters in South East Asia, including those responsible for so-called “pig butchering” scams.
Dan Primack / Axios:
Intel Capital plans to split off from its parent into a standalone fund with a new name in H2 2025; Intel Capital has invested $20B+ into over 1,800 companies  —  - It was founded in 1991, and has invested more than $20 billion into over 1,800 companies.
Financial Times:
Amazon's AGI team lead Rohit Prasad says Alexa will relaunch as an AI agent, as Amazon works to address the challenges that have dogged the system's AI overhaul  —  Rollout of upgraded voice assistant hit by delays as Big Tech group toils to overcome technical hurdles
Manish Singh / TechCrunch:
The US, Japan, and South Korea say North Korean-backed hackers stole $659M+ in crypto heists in 2024, were behind the $235M WazirX hack in July, and more  —  North Korean-backed hackers stole at least $659 million through multiple cryptocurrency heists in 2024, while also deploying IT workers …
Financial Times:
Sources: the EU is reviewing its DMA probes into US tech giants from March 2024, as US groups urge Trump to intervene; the EU says “there is no such review”  —  Tech groups have urged Donald Trump to intervene against overzealous European regulation
Lorenzo Franceschi-Bicchierai / TechCrunch:
Sources and business records detail how Barcelona has emerged as an unlikely hub for spyware companies, raising concerns from digital rights groups  —  Toward the end of 2023, an Israeli security researcher from Tel Aviv said that he was approached on LinkedIn with an opportunity to work abroad with “good pay.”
Reece Rogers / Wired:
How Cleo AI and Bright, personalized AI chatbots offering financial advice, often function as a way to sell high-interest loans and cash advances to young users  —  AI finance apps are reaching Gen Z and millennial users with personalized chatbots that offer money advice—and upsell them big-time.
Josh Russell / Courthouse News Service:
In federal court, lawyers for Microsoft and OpenAI defended the scraping of news stories to train LLMs and urged the dismissal of news outlets' copyright claims  —  A coalition of news organizations led by The New York Times claim the exploitation of their online news stories …

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From Mediagazer

Ellise Shafer / Variety:
BBC Chair Samir Shah says the Panorama edit “did give the impression of a direct call for violent action” and apologizes for the “error of judgement”

Hannah Miller / Bloomberg:
Paramount plans an additional 1,600 job cuts as part of a goal to achieve $3B+ in cost savings; the new goal is $1B higher than Paramount's previous target

Reuters:
An analysis details how right-wing influencers and Trump officials have formed a powerful alliance to target critics, spread false claims, and reshape media

More News

Hannah Miller / Bloomberg:
DirecTV launches MySports, a sports streamer featuring games from NFL and other major leagues, and access to 40 channels, in 24 US metro areas for $70/month

Earlier Picks

Cheng Ting-Fang / Nikkei Asia:
Sources: Apple is in the final stage of verifying its first cutting-edge chips from TSMC's Arizona plant, with the first batch expected as early as this quarter
Todd Spangler / Variety:
TikTok denies a report that China is looking at potentially facilitating a sale of the app to Elon Musk to keep it operating the US, calling it “pure fiction”
Richard Nieva / Forbes:
Free Our Feeds, backed by Jimmy Wales and others, aims to raise $30M by 2028 to billionaire-proof the AT Protocol by making it easier for Bluesky users to leave
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
Mediagazer memeorandum WeSmirch
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