| Mark Gurman / Bloomberg: |
Apple removes Advanced Data Protection for iCloud in the UK, pulling the optional E2EE feature rather than complying with the UK's order to build a backdoor — - Company removes Advanced Data Protection feature for UK users — “We never will” build backdoor to user data, iPhone maker says| Bloomberg: |
Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens — - North Korean group Lazarus suspected by industry researchers — Prices of Ether, Bitcoin and other tokens decline after theft| RT Watson / The Block: |
Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history — - Arkham Intelligence said Lazarus Group hacked Bybit for over $1.5 billion, citing information provided by online sleuth ZachXBT.| Jesse Pound / CNBC: |
Coinbase says the US SEC agreed “in principle” to drop its 2023 case against the company, calling it “righting a major wrong” and a “huge day” for crypto — - CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values| Foo Yun Chee / Reuters: |
Sources: EU antitrust regulators are set to charge Google for breaching the DMA after proposed changes to its search results failed to address concerns — EU antitrust regulators are set to charge Alphabet (GOOGL.O) unit Google with breaching EU rules aimed at checking the power of Big Tech … | Cade Metz / New York Times: |
OpenAI says it found evidence of an AI-powered surveillance tool used by a Chinese security operation to identify anti-China posts on social media in the West — The company said a Chinese operation had built the tool to identify anti-Chinese posts on social media services in Western countries.| David Heaney / UploadVR: |
Apple releases visionOS 2.4 developer beta, adding Apple Intelligence, a guest mode, a Spatial Gallery app, an iPhone app for remote installs, and more — visionOS 2.4 will bring Apple Intelligence to Vision Pro, a Spatial Gallery app, an iPhone app for remote installs, and a new iPhone/iPad-driven guest flow.| Ricardo Brito / Reuters: |
| Saritha Rai / Bloomberg: |
DeepSeek plans to open source five of its code repositories next week, letting anyone download, build on, or improve the code behind its well-regarded AI models — - The startup will begin making technology available next week — DeepSeek is pushing harder on its open-source approach| The Information: |
OpenAI told investors that it expects revenue to more than triple in 2025, from $3.7B to over $12.5B; one-third of the revenue growth would come from SoftBank — New forecasts from OpenAI show the beginning of a dramatic shift in its alliances from Microsoft, its biggest shareholder, to SoftBank, its newest benefactor.| Ian Duncan / Washington Post: |
Sources: the US NHTSA is losing ~10% of its workforce via firings and buyout offers, including nearly half of a small team that regulates autonomous vehicles — The National Highway Traffic Safety Administration is losing about 10 percent of its workforce through firings and buyout offers, according to people briefed on the cuts.| Bloomberg: |
NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles — - Hundreds of staffers and about a dozen games have been cut — Founder William Ding sets elevated expectations for results| Anna Tong / Reuters: |
Source: AI search engine startup Genspark raised a $100M Series A at a $530M valuation and currently has over 2M MAUs; it raised a $60M seed in June 2024 — Search startup Genspark has raised $100 million in a series A funding round, valuing the startup at $530 million …
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