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t.co
Filing: to settle a 2020 class action suit about Chrome's Incognito mode, Google has agreed to destroy billions of data points it allegedly improperly collected
(
t.co
)
2024-4-2
Google
Chrome
Demis Hassabis says the AI hype caused by a surge of money is clouding research; CB Insights: VCs invested $42.5B in 2,500 AI startup equity rounds in 2023
(
t.co
)
2024-4-1
Startup
AI
Equity
Sources: Shein had $2B+ of profit and ~$45B of GMV in 2023, ahead of a planned NY or London IPO; documents: Shein had $700M of profit in 2022 and $1.1B in 2021
(
t.co
)
2024-3-31
IPO
London
New York-based The Brandtech Group, which provides generative AI-based tools for advertising and marketing campaigns, raised a $115M Series C at a $4B valuation
(
t.co
)
2024-3-29
AI
New York
A look at an Indian court case over Byju Raveendran's control of Byju's, as investors, who voted to remove Raveendran last month, brace for a protracted battle
(
t.co
)
2024-3-28
India
Trump Media & Technology Group closed up 14% at $66.22 on March 27, for a $13.5B market cap, as small investors boost the stock; Trump's stake is worth ~$5.3B
(
t.co
)
2024-3-28
Trump
A profile of Anduril founder Palmer Luckey, as the AI surveillance and defense tech startup, which sells drones to the US, expects $1B in annual revenue by 2026
(
t.co
)
2024-3-28
Startup
AI
Drone
Similarweb: GPTs created by subscribers on OpenAI's GPT Store accounted for just 1.5% of desktop visits to ChatGPT's site in February, suggesting limited appeal
(
t.co
)
2024-3-28
A profile of Swedish accounting software maker Fortnox, valued at $4.6B after its stock rose 5x since 2020, as some analysts question its growth prospects
(
t.co
)
2024-3-27
Sweden
The DOJ compares Apple's 2023 $77B buyback program with the company's half as much spend on R&D and highlights it as a lack of incentive for Apple to innovate
(
t.co
)
2024-3-27
Apple
The EU opens formal DMA investigations into Apple and Google over letting developers “steer” users from their app stores, and Meta over using user data for ads
(
t.co
)
2024-3-25
Google
Apple
AliExpress and Temu were the fastest-growing ecommerce apps in South Korea in 2023; Nomura: Chinese websites account for only ~2% of South Korean ecommerce GMV
(
t.co
)
2024-3-25
China
Korea
Sources: Chinese social media startup Xiaohongshu reported its first profit with $500M in net profit on $3.7B revenue in 2023, and reached 312M MAUs, up 20% YoY
(
t.co
)
2024-3-25
China
Startup
Analysis: Jeff Bezos, Peter Thiel, and Mark Zuckerberg lead a group of insiders selling their company stocks in Q1, a sign that the tech bull run may be peaking
(
t.co
)
2024-3-25
Zuckerberg
Jeff Bezos
Chinese officials have begun following the new PC, laptop, and server guidelines to phase out Intel/AMD processors and Windows from government PCs and servers
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t.co
)
2024-3-25
China
Intel
AMD
How the restructuring of Diamond Sports, with a lifeline from Amazon, might offer a new model for airing local sports fixtures in the streaming era
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t.co
)
2024-3-24
Amazon
Microsoft's deal with Inflection is a further sign that the emerging AI economy will probably be dominated by the US tech giants, as the AI talent war heats up
(
t.co
)
2024-3-23
Microsoft
AI
Medium says it will revoke Partner Program enrollment from writers who publish AI-generated stories, even with disclosure, and other low-quality content
(
t.co
)
2024-3-22
AI
Sources: the BBC plans to build its own AI models, and is holding talks with tech companies, including Amazon, about selling its content for AI training
(
t.co
)
2024-3-21
Amazon
AI
Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023
(
t.co
)
2024-3-21
Qihoo
Chinese state media: during his visit to Shanghai, Tim Cook says “there's no supply chain in the world that's more critical to us than China”
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t.co
)
2024-3-21
China
Shanghai
Tim Cook
Court docs: Sachin Dev Duggal, the CEO of London-based Builder.ai that raised a $250M Series D in 2023, is a suspect in a money laundering probe in India
(
t.co
)
2024-3-21
India
AI
London
Sources: EU Commission rules, set to be adopted as soon as next week, will fine X, TikTok, and other big platforms over lax election AI content moderation
(
t.co
)
2024-3-21
AI
US-listed PDD, which runs Temu and Pinduoduo, reports Q4 revenue up 123% YoY to ~$12.5B and operating profit up 146% YoY to ~$3.2B, boosted by merchant fees
(
t.co
)
2024-3-21
4Q
After its early OpenAI bet, Microsoft hiring Mustafa Suleyman and Inflection's staff continues a strategy of developing close ties with leading AI practitioners
(
t.co
)
2024-3-20
Microsoft
AI
The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years
(
t.co
)
2024-3-20
Mexico
Intel
Sources: Canada and the UAE have lobbied leading European and UK AI startups, including Aleph Alpha, Synthesia, and Stability AI, to move their headquarters
(
t.co
)
2024-3-20
Europe
Startup
AI
Canada
Google DeepMind debuts TacticAI, a prototype AI soccer tactician built alongside Premier League club Liverpool, using geometric deep learning on 7K corner kicks
(
t.co
)
2024-3-20
Google
AI
Deep Learning
Airbus ends talks with Atos on a deal worth ~€1.8B for its big data and security unit, imperiling efforts by Atos to avoid going into debt restructuring
(
t.co
)
2024-3-20
Airbus
On the first day of his trial, US prosecutors portray Mike Lynch as “a controlling, dominating, intimidating boss” and “driving force behind [a] massive fraud”
(
t.co
)
2024-3-19
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