Washington Post:
An analysis of FEC filings shows Elon Musk spent $288M+ to elect Trump and other Republicans, the 2024 election’s biggest donor; Musk’s America PAC raised $263M — Billionaire Elon Musk spent at least $288 million to help elect President Donald Trump and other Republican candidates …
The Seoul High Court upholds a decision clearing Samsung Electronics Executive Chairman Jay Y. Lee of fraud and stock-rigging, a major victory for Samsung (Bloomberg)
Bloomberg:
The Seoul High Court upholds a decision clearing Samsung Electronics Executive Chairman Jay Y. Lee of fraud and stock-rigging, a major victory for Samsung — – Seoul court upholds Jay Y. Lee’s earlier victory on appeal — The Samsung scion can now focus on turning around the firm
Analysis: Meta has invested $80B+ in AR and VR since 2014 when it bought Oculus, and is on track to top $100B in 2025; a source says it sold 1M Ray-Bans in 2024 (Financial Times)
Financial Times:
Analysis: Meta has invested $80B+ in AR and VR since 2014 when it bought Oculus, and is on track to top $100B in 2025; a source says it sold 1M Ray-Bans in 2024 — Chief executive Mark Zuckerberg has declared 2025 will be a ‘defining year’ after more than a decade of heavy losses
A profile of Klarna CEO Sebastian Siemiatkowski, whose overblown statements about AI replacing humans point to a future that tech companies are working toward (Noam Scheiber/New York Times)
Noam Scheiber / New York Times:
A profile of Klarna CEO Sebastian Siemiatkowski, whose overblown statements about AI replacing humans point to a future that tech companies are working toward — Ask typical corporate executives about their goals in adopting artificial intelligence, and they will most likely make vague pronouncements …
Stablecoins are becoming a core part of financial infrastructure in emerging markets, expanding beyond cross-border payments into consumer finance and more (Tage Kene-Okafor/TechCrunch)
Tage Kene-Okafor / TechCrunch:
Stablecoins are becoming a core part of financial infrastructure in emerging markets, expanding beyond cross-border payments into consumer finance and more — Five years ago, SpaceX launched Starlink, which has since grown into its biggest revenue driver, expanding to more than 100 countries.
AI adoption has outpaced that of PCs and the internet, but evidence of its boost to productivity is thin on the ground; study: 40% of US adults have used AI (Bloomberg)
Bloomberg:
AI adoption has outpaced that of PCs and the internet, but evidence of its boost to productivity is thin on the ground; study: 40% of US adults have used AI — For all the excitement, evidence of a boost to productivity is still thin on the ground — For investors in artificial intelligence, the last week delivered a painful shock.