Omnicom is acquiring Interpublic Group for stock currently valued at around $12.4 billion, the companies announced today. The deal, the most significant merger in the ad agency sector in more than a decade, suggests the ad industry feels the need for greater scale so it can better compete with ... Read more âș
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Microsoft has a new pitch to persuade businesses to spend money on artificial intelligenceâpowered services: If you use them, you wonât need as many employees. The potential of AI to replace human workers is an old idea, but one most companies have avoided bringing up explicitly, for fear of suffering reputational harm and political attacks. But as tech companies try to overcome customer uncertainty about the value of AI, theyâre... Read more âș
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A key group of Amazon sellers is becoming a lot less loyal to the shopping giant. China-based merchants such as kitchenware seller Carote have added sales through longtime Amazon rivals like Walmart, with Caroteâs share of revenue coming through Walmart up to 18% in 2023 from less than 2% a year before. Apparel company Zibuyu Group, meanwhile, is relying more on new sites like TikTok Shop to drive U.S. sales... Read more âș
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Chinese regulators said on Monday that it had opened an investigation into Nvidia for potential violations of anti-monopoly laws concerning an acquisition completed more than four years ago. The State Administration for Market Regulation, which oversees antitrust and other issues, alleged ... Read more âș
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Amazon is making its artificial intelligence-assisted selling tool available to select Chinese merchants, among other efforts aimed at better supporting sellers in the country. Project Amelia, a generative AI tool that helps independent sellers manage things such as their inventory and product ... Read more âș
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President-elect Donald Trumpâs transition team has invited five major tech companies, including Google, Microsoft and Meta Platforms, to a meeting in mid-December about dealing with online drug sales, according to a person with direct knowledge of the correspondence. A representative for Jim Carrollâthe drug czar during Trumpâs first termâand Trumpâs transition team emailed staffers from the three tech giants Thursday, as well as from Snap and TikTok, to invite them... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: A dawn of another crypto revolution ⹠Power and Influence: Trumpâs antitrust cop is a âhappy warriorâ ⹠The Top 5: Our favorite new corporate merch and gifts. ⹠Plus: Robots who rhapsodize; what Taylor Swift and Legos have in common; and Il Papa and the plotters.What if the AI revolution weâre living through brings far greater positive changes to our lives... Read more âș
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A decade or so ago, Gigi Sohnâthen the head of Public Knowledge, an internet rights nonprofitâwas working closely with Gail Slater, at the time a legal adviser at the Federal Trade Commission, on the issue of net neutrality legislation. Because the commissioner Slater worked for was a Democrat, Sohn assumed Slater was too, and Slater didnât give her any reason to believe otherwiseâuntil she âfessed up one day. âShe said,... Read more âș
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Itâs often said that âtis better to give than to receive, but more often than not, corporate swag leaves both giver and recipient cold. How many times have we left a conference with the same old leaky commuter mug? Or received some drab pen along with a forgettable pad of sticky notes? Swag need not be a source of dismay, howeverâitâs all just a matter of keeping up with the... Read more âș
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Elon Muskâs micro-blogging site X will allow all of its users to use Grok, the AI chatbot developed by Muskâs xAI. Free users now get 10 questions every 2 hours, but users can pay for a Premium subscription for more questions. With the change, xAI follows rival AI companies OpenAI and Anthropic, ... Read more âș
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TikTokâs chances of avoiding a ban are fast diminishing. The DC Appeals Courtâs decision today, affirming the law passed earlier this year forcing TikTok to cut its ties with its Chinese parent ByteDance or be banned, was a compelling ruling. Itâs hard to imagine that TikTok management would come away from it with any grounds for optimism.To be sure, the rulingâs direction was expected: The judgesâ questions during the September... Read more âș
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TikTok CEO Shou Zi Chew told the video appâs staff that it will seek an injunction to a looming federal law that will force the app to shut down in the U.S. unless it finds a buyer for the operations. âWhile todayâs news is disappointing, rest assured we will continue the fight to protect free ... Read more âș
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Tech executives love to bemoan growing regulation. But, on the pod this week, Aaron Levie, the CEO of enterprise company Box, had a much more nuanced and interesting view. I hope you enjoy, along with a fiery Levie versus Sam Lessin debate over the promise of AI. I'll let you guess where they each netted out! Enjoy! Apple Spotify YouTube Read more âș
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Meta Platforms on Friday released a new version of Llama 3, its flagship open-source large language model. The model, called Llama 3.3, performs as well as one of Metaâs older, larger models but is easier and more efficient to run, Meta CEO Mark Zuckerberg said in a post on Instagram. In the ... Read more âș
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In 2022, Zach Abrams, co-founder and CEO of stablecoin startup Bridge, was staring into the abyss. The price of TerraUSDâone of the largest of the stablecoins, cryptocurrencies pegged to the U.S. dollarâcollapsed, casting a pall on everyone working with stablecoins. Then, a few months later, Sam Bankman-Friedâs FTX imploded. For Bridge, which hadnât even yet publicly launched any product, it was a grim beginning. âYou had this very bad moment... Read more âș
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TikTokâs hopes of continuing to operate in the U.S. now rest on intervention of the Supreme Court. The Chinese owned app on Friday lost the first round in its legal efforts to block a law requiring it to sever its ties with its parent, ByteDance, or be banned next month. TikTok is expected to ask the Supreme Court to freeze implementation of the law while it pursues further appeals. Ahead... Read more âș
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Stock and crypto trading app eToro has hired Goldman Sachs as it plans for a U.S. initial public offering, Bloomberg reported. The company could go public as soon as the second quarter next year, and more banks may be added as advisers, the outlet said. Last year, eToro raised $250 million in a ... Read more âș
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A Washington appeals court on Friday unanimously upheld a U.S. law forcing a ban of TikTok if it doesnât sever ties with its Chinese parent company ByteDance early next year. TikTok is expected to appeal the case to the Supreme Court and ask for an injunction to prevent the law from going into ... Read more âș
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In Netflixâs yearslong quest to build an ad business, Dec. 25 poses a big test: It will be the first time the streaming giant shows ads in a livestreamâin this case, two NFL games. And in the wake of last monthâs Mike TysonâJake Paul boxing match, which was plagued with technical glitches, ad buyers at multiple top agencies said they will be monitoring the broadcast closely to ensure the stream... Read more âș
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Donald Trump announced that David Sacks, the venture capitalist and podcaster, will join the White House as its artificial intelligence and crypto âczar.â In a message posted on Truth Social, the president-elect said Sacks will guide policy in both areas to help make âAmerica the clear global ... Read more âș
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17.05.2026 04:21
Last update: 04:15 EDT.
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