Sources: the EC later in July will suggest scrapping the €150 threshold below which goods are exempt from customs duties, targeting Temu, AliExpress, and Shein — European Commission plans to scrap €150 threshold below which goods are…
The owners of about a third of US nuclear power plants are in talks with tech companies to provide electricity to new data centers needed to meet AI demand — Largest tech companies are looking to buy nuclear power directly from plants,…
SCOTUS' Chevron ruling could weaken federal cybersecurity regulations, as FCC data breach reporting requirements and other rules are likely to be challenged — The ruling could weaken almost all US federal cybersecurity regulations,…
How an underground network of Chinese sellers is bypassing US export controls through supply-chain blind spots to smuggle Nvidia's advanced AI chips into China — An informal market circumvents U.S. export controls through supply-chain…
Brazil's data regulator suspends the validity of Meta's new privacy policy for the use of personal data to train its generative AI systems in the country — Brazil's National Data Protection Authority (ANPD) has decided to suspend with…
Blockchain platform Polkadot faces criticism from users after spending $36M+ on marketing and outreach in H1 2024, nearly half of its total spend of $87M — The blockchain spent $87 million in the first six months this year, with marketing…
Sources: Magic, a US startup developing AI models for coding tasks, is in talks to raise $200M+ at a $1.5B valuation — Magic, a U.S. startup developing artificial-intelligence models to write software, is in talks to raise over $200…
Sources: Apple will get an observer role on OpenAI's board, with Phil Schiller chosen for the position, as part of their partnership announced last month — - Apple's observer position would match that of Microsoft — Phil Schiller, Apple's…
Responding to criticism, Figma's CTO says the Make Design feature is “powered by off-the-shelf models and a bespoke design system that we commissioned” — Figma says it didn't train the generative AI models it used and blames a ‘bespoke…
A US judge temporarily blocked a new Mississippi law that would require age verification for all and parental consent for teens to join some social networks — A federal judge blocked a Mississippi law from taking effect that would have…
Source: generative AI video startup Runway is in talks to raise $450M at about a $4B valuation, with General Atlantic in talks to lead the round — Runway, already the best funded among a cluster of startups developing artificial…
Google says its greenhouse gas emissions have surged 48% in the past five years due to the expansion of the data centers that underpin its AI efforts — Tech giant's ambition of reaching ‘net zero’ by 2030 under threat from power demands of…
A look at why Japan, due to its culture and employment laws, is not undergoing mass layoffs in the gaming industry, as Microsoft-owned Tango Gameworks closes — After Microsoft shut down Tango Gameworks, we look at the reasons why Japan has…
A look at the national security fears around Microsoft's deal with Abu Dhabi's G42, including the US DOD's skepticism that G42 will entirely uncouple from China — US officials see the Microsoft-G42 partnership as way to help Washington…
VFX company DNEG raised $200M from Abu Dhabi's UASG at a $2B+ valuation to expand its Brahma division, which is developing an AI-powered, photo-real CGI creator — London-based The DNEG Group has secured a $200M capital injection from Abu…
Tubi launches in the UK with over 20K movies and TV episodes, featuring content from distributors including Disney, Lionsgate, NBCUniversal, and Sony Pictures — The ad-supported streamer now has more than 80 million monthly active users. —…
Revolut's 2023 revenue almost doubled to £1.8B after interest income grew from £83M in 2022 to £500M; auditor BDO gave Revolut's accounts a clean bill of health — - UK fintech's interest income jumps sixfold to £500 million — Auditor BDO…
China plans to form a technical committee for brain-computer interface standards, including for brain information encoding and decoding, and data communication — - Group will include specialists tasked with drafting standards — Elon Musk's…
Australia's eSafety Commissioner issued notices to internet firms asking for an enforceable code to protect kids from pornography and other content by October 3 — Australia is giving the internet industry six months to come up with an…
An overview of “looksmaxxing” apps that rate teen boys' faces and are criticized for worsening the youth mental health crisis; paid app UMAX has 7M+ downloads — After Dillon Latham's girlfriend dumped him during their junior year of high…
Sources: Northern Data is weighing a US IPO of its combined AI cloud computing and data center businesses at a ~$10B to $16B valuation as early as in H1 2025 — - Combined cloud, data center business could list on Nasdaq — Company secured…
Google says it will require advertisers to disclose election ads that use digitally altered content that depicts real or realistic-looking people or events — Google (GOOGL.O) said on Monday it would make it mandatory for advertisers to…
Qualys researchers say an OpenSSH flaw can let attackers remotely compromise servers and allow unauthenticated RCE as root; over 14M servers may be vulnerable — Researchers from Qualys say regreSSHion allows attackers to take over servers…
SEC charges parent company of crypto-friendly Silvergate Bank and execs with misleading investors about its AML compliance strength; Silvergate settles for $50M — Silvergate Bank, once a cornerstone of the crypto financial world until its…
Cyberattacks against CDK Global, used by ~15K car dealerships, and Change Healthcare show how large swathes of some industries have a “single point of failure” — Airlines, banks and hospitals could be vulnerable to a ‘single point of…
Circle says it has been granted an e-money license from France, making the crypto startup compliant with stablecoin provisions under the EU's tough crypto laws — Cryptocurrency firm Circle said Monday it's now registered as an electronic…
Sources: French antitrust regulators are preparing to charge Nvidia for allegedly anti-competitive practices, after raids in the GPU sector in September 2023 — French antitrust regulators are preparing to charge Nvidia (NVDA.O) for…
SCOTUS orders lower courts to take another look at Texas' and Florida's social media laws, saying neither lower court conducted proper analysis of 1A challenges — Washington — The Supreme Court on Monday ordered lower courts to take…
Source: Character.AI held talks over research partnerships with Google, Meta, and xAI, to access their computing resources in return for sharing some of its IP — A year ago, Character.AI had the wind at its back. Founded by two artificial…
Singapore emerges as a favorite destination for Chinese AI startups due to less stringent AI regulations and access to Nvidia's latest chips amid the US' curbs — - AI founders lured by access to foreign capital, technologies — Young AI…