Alibaba agrees to a $443.5M settlement in a US shareholder lawsuit alleging that Alibaba hurt investors by making misstatements about its exclusivity practices — The e-commerce platform denied allegations that it made misstatements about its antitrust and exclusivity practices
Analysis: X is on track to fall well short of its goal of $100M in 2024 political ad revenue, raising just $15M to date, mainly from GOP and Trump campaigns — Social media platform has raised a fraction of $100mn target and mainly from Trump and Republicans
The ramifications of a potential US crackdown against Tether, a noticeable player in the market for US debt, will extend beyond the digital asset industry — Of all the legal actions taken against cryptocurrency companies by US regulators and prosecutors over the past year …
Q&A with Reddit CEO Steve Huffman on AI slop, the company's partnerships with Google and OpenAI, content moderation during an election year, and more — What makes Reddit a gold mine for AI models, he says, is all of the human-led content on its variety of forums
Sources: Meta strikes a multi-year deal with Reuters to use its news content to provide real-time answers to user queries in Meta AI chatbot, a first for Meta — - Meta has backed away from news content in its platforms' main feeds amid regulatory scrutiny, but news content may prove harder …
Chinese self-driving firm WeRide raised $120M in its US IPO at a $4.21B valuation, and sold 7.7M shares at $15.50 a piece, the lower end of its targeted range — Self-driving firm WeRide WRD.O notched a valuation of $4.21 billion after raising $120 million in its U.S. initial public offering …
The EU's Court of Justice sides with Intel over a once-record €1.06B antitrust fine, ruling that regulators failed to prove it gave illegal rebates to PC makers — - EU's top court rules in over decade-long legal fight — Separate case over a revised EU fine is still ongoing
Nigeria drops charges against Binance executive Tigran Gambaryan, detained since February 2024; sources say the case was discontinued due to his ill health — - Charges against Tigran Gambaryan dropped on health grounds — Gambaryan detained in February as Nigeria took aim at Binance
Joseph Gordon-Levitt criticizes AI, calling Hollywood a “canary in the coal mine” for other industries, and says studios “own the IP and I don't own any of it” — Actor says AI companies use movies and TV to make money without fairly compensating actors; industry should ‘get ahead of that flood’
Netflix shut down AAA game studio “Team Blue”, which hired industry veterans and seemed set to pursue a big-budget multi-device strategy, amid a gaming shake-up — The SoCal studio boasted senior veterans from Halo, God of War and Overwatch — One of Netflix's most intriguing video game studios is no more.
Jack Sweeney says Meta suspended Instagram and Threads accounts tracking celebrities' private jets, including Zuckerberg's; Meta cites a “risk of physical harm” — Instagram and Threads accounts that track the private jets of celebrities - including Mark Zuckerberg, Elon Musk …
Investigation: a Russian espionage and hacking campaign targeted Georgia for years and breached its Foreign Ministry, Finance Ministry, central bank, and more — With an election this week, documents seen by Bloomberg expose the extent of Moscow's infiltration of the former Soviet state.
IBM launches its open source Granite 3.0 models, including 2B and 8B general purpose versions and Mixture-of-Experts models, aimed at enterprise customers — Make no mistake about it, enterprise AI is big business, especially for IBM. — IBM already has a $2 billion book of business related …
After Musk promises to give $1M to one swing state voter a day who signs his PAC's petition, PA's governor says “law enforcement could take a look at” the plan — Musk announced Saturday that every day until Election Day, he would give $1 million to a randomly selected voter …
About $2B has been bet on predicting the next US president on Polymarket, which has excluded US users since 2022 as part of a settlement with federal regulators — SAN FRANCISCO — Scott Owens, an amateur watchmaker in Madison, Wis., waited years for a chance to legally bet money on U.S. politics.
Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...
