Hong Kong outlines an AI policy for finance and proposes an extension of a tax break on owning digital assets, as it seeks to become Asia's go-to financial hub (Bloomberg)

Bloomberg:
Hong Kong outlines an AI policy for finance and proposes an extension of a tax break on owning digital assets, as it seeks to become Asia's go-to financial hub  —  - Tax break law to be tabled by year-end: treasury secretary Hui  — City was denied access by major AI tools like ChatGPT, Gemini

Online influencers are earning thousands for a single post on behalf of groups backing Harris or Trump, with scant regulatory oversight or public transparency (Cat Zakrzewski/Washington Post)

Cat Zakrzewski / Washington Post:
Online influencers are earning thousands for a single post on behalf of groups backing Harris or Trump, with scant regulatory oversight or public transparency  —  On TikTok, Instagram and X, freelance creators profit from the murky practice of persuading their large followings to back Trump or Harris.

FTX agrees to drop its litigation against Bybit in a deal worth about $228M that will allow FTX to withdraw assets from Bybit's cryptocurrency exchange (Alex Wolf/Bloomberg Law)

Alex Wolf / Bloomberg Law:
FTX agrees to drop its litigation against Bybit in a deal worth about $228M that will allow FTX to withdraw assets from Bybit's cryptocurrency exchange  —  Search by Law Firm Search by Topic  —  FTX Trading Ltd. agreed to drop sprawling litigation against Bybit Fintech Ltd. and related entities …

A closer look at M4 Macs coming this week; sources: Apple's home smart display will have an iMac G3-like base and a square screen the size of about two iPhones (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
A closer look at M4 Macs coming this week; sources: Apple's home smart display will have an iMac G3-like base and a square screen the size of about two iPhones  —  Also: fresh details on the company's upcoming smart home device.  —  Apple kicks off a Mac overhaul this week that centers on new M4 chips.

How militaries around the world are using warfare simulation video games like Slitherine Software's Command: Professional Edition to run battle scenarios (Wall Street Journal)

Wall Street Journal:
How militaries around the world are using warfare simulation video games like Slitherine Software's Command: Professional Edition to run battle scenarios  —  Militaries worldwide run battle scenarios using one family-run British company's software, rooted in Tom Clancy novels.  Watch a video simulation to see how.

An interview with Humane co-founders Bethany Bongiorno and Imran Chaudhri on dealing with the reaction to the AI Pin, plans to license its CosmOS, and more (Om Malik/Crazy Stupid Tech)

Om Malik / Crazy Stupid Tech:
An interview with Humane co-founders Bethany Bongiorno and Imran Chaudhri on dealing with the reaction to the AI Pin, plans to license its CosmOS, and more  —  It's Saturday in South Park.  Kids are squealing.  A man shadowboxes behind me.  Sitting across from me on a not-so-clean bench …

Alibaba agrees to a $443.5M settlement in a US shareholder lawsuit alleging that Alibaba hurt investors by making misstatements about its exclusivity practices (Connor Hart/Wall Street Journal)

Connor Hart / Wall Street Journal:
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 (Financial Times)

Financial Times:
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 (Bloomberg)

Bloomberg:
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 (Wall Street Journal)

Wall Street Journal:
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 (Sara Fischer/Axios)

Sara Fischer / Axios:
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 (Reuters)

Reuters:
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 (Samuel Stolton/Bloomberg)

Samuel Stolton / Bloomberg:
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 (Nduka Orjinmo/Bloomberg)

Nduka Orjinmo / Bloomberg:
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" (Erich Schwartzel/Wall Street Journal)

Erich Schwartzel / Wall Street Journal:
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’