Meta Platforms CEO Mark Zuckerberg and the CEOs of other firms including Spotify and Publicis published an open letter Thursday, asking EU authorities to come up with a âmodern interpretationâ of the regionâs consumer data protection rules or risk harming artificial ... Read more âș
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OpenAIâs week of good news keeps getting better.After releasing an initial version of its o1 reasoning model, o1-preview, last week, new details are emerging about a smaller but faster version of the model, o1-mini. Read more âș
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Axel Springer, the German media giant whose U.S. properties include Politico and Business Insider, is to split in two, with the classified advertising businesses being carved off from the media properties. KKR, the private equity giant which has owned the biggest stake in the company since 2019, ... Read more âș
0
Startups that design artificial intelligence chips are eyeing the Middle East as a lucrative market where they can gain an advantage on market leader Nvidia. SambaNova Systems, Cerebras and Groqâthree of the dozens of startups developing AI chipsâin the past year have announced deals to supply semiconductors and computer systems for AI efforts in Saudi Arabia and the United Arab Emirates. Now, these startups are hiring staff or opening offices.... Read more âș
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The European Union plans to warn Apple that it must further open up its operating systems to outside developers or face big fines, Bloomberg reported. The report said the EU would stop short of launching a more formal probe and would instead just warn Apple that it needs to give ... Read more âș
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Runway, a startup that uses generative artificial intelligence to turn text or images into video, has reached a deal to license media from Lionsgate, the studio that made the John Wick franchise. In exchange, Runway will create a custom AI model for Lionsgate, potentially for pre-production and ... Read more âș
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Google convinced a European Union court to overturn a $1.7 billion fine levied by EU competition authorities over the companyâs advertising practices. The victory comes after Google lost separate antitrust cases in Europe and the U.S. The European Commission applied the fine in 2019 after ... Read more âș
0
Can an old dog learn new tricks? If the old dog is PayPal, the answer seems to be yes. Under newish CEO Alex Chrissâwhoâs about to celebrate his first anniversary in the jobâthe digital payments pioneer is striking deals that should rejuvenate its business and help it challenge newer rivals such as Silicon Valley star Stripe. Today, for instance, Amazon announced that it had added PayPal as a checkout option... Read more âș
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As director of IBM Research and co-chair of the MIT-IBM Watson AI Lab, Dr. Dario Gil oversees one of the worldâs largest research institutes. He shapes IBMâs AI vision and, as chair of the National Science Board, has a rare vantage point into the technologyâs many evolutions and uses. As part of The Informationâs recent San Francisco AI Summit, Amir Efrati, executive editor of The Information, sat down with Gil... Read more âș
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Seven of the eight directors of genetic testing firmm 23andme resigned on Tuesday, the company disclosed in a securities filing, leaving co-founder and CEO Anne Wojcicki as the lone director. Among those exiting was Sequoia Capital managing member Roelof Bothaâthe firm invested back in 2017 ... Read more âș
0
Amazon is raising wages for hourly workers in its massive U.S. fulfillment and transportation operations by at least $1.50 an hour, a move that comes ahead of the peak holiday shopping season. The e-commerce giant said the increase will go into effect this month and bring the average base wage ... Read more âș
0
Itâs been a busy week for creator economy events, from TikTokâs day in court to LTKCon and Snapâs Partner Summitâand itâs only Wednesday!Earlier today, I attended the annual Made On YouTube presentation, where executives including CEO Neal Mohan announced a host of new features for creators. Some will probably be popular, as they copy already popular apps run by startups but are freeâand likely to remain so. Read more âș
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A growing number of ByteDance shareholders have been selling their shares as hopes fade that the TikTok parent will go public anytime soon. But one New Yorkâbased venture firm thatâs already invested over $100 million in the internet company is still eager to buy. Mitchell Green, founder of Lead Edge Capital, which has been buying shares of ByteDance from other investors, said the stock is âridiculously cheapâ given the size... Read more âș
1
Google convinced a European Union court to overturn a $1.7 billion fine levied by EU competition authorities over the companyâs advertising practices. The victory comes after Google lost separate antitrust cases in Europe and the U.S. The European Commission applied the fine in 2019 after ... Read more âș
1
Amazon announced on Wednesday that itâs adding PayPal as a checkout option for its Buy With Prime feature, which allows brands that donât sell on Amazon to offer speedy shipping on their own e-commerce sites. Amazon will also allow shoppers to link their Amazon and PayPal accounts beginning next ... Read more âș
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Before we get to the main part of todayâs column, we wanted to share a juicy tidbit about Nvidiaâs $165 million offer to buy artificial intelligence software startup OctoAI, which Anissa broke Tuesday.Most OctoAI shareholders arenât expected to get much of a payout, but merger documents show the startupâs senior management team would do quite well: Nvidia has offered Octo CEO Luis Ceze $10 million in restricted stock units, and... Read more âș
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Googleâs YouTube isnât the focus of the Justice Departmentâs second antitrust case against Google, now on trial in a Virginia courthouse. The case centers on the tech giantâs dominance of tools used by other companies buying and selling ads across the web and whether that sway hurts independent publishers. But YouTube benefits from Googleâs ad-buying tools, which have helped it become the leader in the market for streaming video ads.... Read more âș
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Calif. Gov. Gavin Newsom said he is worried about the âchilling effectâ SB 1047, a state bill regulating artificial intelligence developers, would have on the stateâs AI industry. Newsom has until the end of the month to sign or veto the bill and he hasnât yet said what he plans to do. The ... Read more âș
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Meta Platforms has come a long way from the âmove fastâ days. Instagramâs much-ballyhooed announcement on Tuesdayâaimed at protecting teens from creepy adult stalkers as well as from bombardment by overnight notificationsâwill surely be welcomed by many parents and perhaps politicians. But it took several years of incremental Instagram child-safety updates, multiple laws passed by various state legislatures (many of which the social media industry challenged), lawsuits and a threatened... Read more âș
2
After a two-year drought of initial public offerings, venture capitalists are finding new ways to return cash to shareholders, we wrote last week. Crypto investors have a few other tools to get capital back to their investors, or limited partners. But they also are facing more hurdles these days.Funds that bought tokens, or digital assets tied to a blockchain-based project, can sell them at token launches. These offerings have fallen... Read more âș
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11.06.2026 06:32
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