Pui Gwen Yeung / Bloomberg:
Filing: Hong Kong stock exchange executive Yang Qiumei received a 20% stake in SenseTime, worth $1.5B, from her late husband, making her its largest shareholder — – Yang inherited the shares from her late husband Tang — Tang was one of the co-founders of the Chinese AI giant
Sources: in recent months, Google teams have made progress on AI reasoning, similar to OpenAI’s o1; source: some in DeepMind are worried over falling behind (Bloomberg)
Bloomberg:
Sources: in recent months, Google teams have made progress on AI reasoning, similar to OpenAI’s o1; source: some in DeepMind are worried over falling behind — The push deepens the search giant’s rivalry with OpenAI — Google is working on artificial intelligence software that resembles …
VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff (Erin Griffith/New York Times)
Erin Griffith / New York Times:
VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff — CRV, based in Silicon Valley, plans to return to investors $275 million because the market for mature start-ups has soured.
AI contact center startup Crescendo raised $50M from General Catalyst and others at a $500M valuation, and acquired Idaho-based outsourcing company PartnerHero (Newley Purnell/Bloomberg)
Newley Purnell / Bloomberg:
AI contact center startup Crescendo raised $50M from General Catalyst and others at a $500M valuation, and acquired Idaho-based outsourcing company PartnerHero — – Crescendo has raised $50 million, is acquiring PartnerHero — Investors include General Catalyst and Celesta Capital
Meta rolls out its Fraud Intelligence Reciprocal Exchange to let UK banks share transaction intelligence to help catch scammers, after a pilot with two banks (Akila Quinio/Financial Times)
Akila Quinio / Financial Times:
Meta rolls out its Fraud Intelligence Reciprocal Exchange to let UK banks share transaction intelligence to help catch scammers, after a pilot with two banks — Tech group to roll out channel for sharing of transaction intelligence — Facebook owner Meta is launching a data-sharing partnership …
Microsoft releases a $150 standalone version of Office 2024 for consumers and SMBs, with core app updates and UI changes; the last standalone was Office 2021 (Tom Warren/The Verge)
Tom Warren / The Verge:
Microsoft releases a $150 standalone version of Office 2024 for consumers and SMBs, with core app updates and UI changes; the last standalone was Office 2021 — Microsoft is releasing a new version of Office this week, designed for people that don’t want to subscribe to Microsoft 365.
A profile of the UK’s Advanced Research and Invention Agency, set up in February 2022 with an £800M budget for high-risk, high-reward science and tech projects (Matt Reynolds/Wired)
Matt Reynolds / Wired:
A profile of the UK’s Advanced Research and Invention Agency, set up in February 2022 with an £800M budget for high-risk, high-reward science and tech projects — The Advanced Research and Invention Agency—ARIA—is the UK’s answer to Darpa. But can it put the country back on the scientific map?
Telegram CEO Pavel Durov says his previous post on ToS updates “may have seemed to announce a major shift in how Telegram works” but “little has changed” (Jake Rudnitsky/Bloomberg)
Jake Rudnitsky / Bloomberg:
Telegram CEO Pavel Durov says his previous post on ToS updates “may have seemed to announce a major shift in how Telegram works” but “little has changed” — – Pavel Durov announced changes to terms of service last week — He faces charges in France for crimes committed on his app
Developer Christian Selig says third-party YouTube app Juno for the Vision Pro was “removed from the App Store”, after YouTube said it violated its ToS in April (Emma Roth/The Verge)
Emma Roth / The Verge:
Developer Christian Selig says third-party YouTube app Juno for the Vision Pro was “removed from the App Store”, after YouTube said it violated its ToS in April — Juno, the third-party YouTube app created for the Apple Vision Pro, has been removed from the App Store.
Philippine President Marcos Jr. signs a law imposing a 12% value-added tax on non-resident digital service providers, including Netflix, HBO, and Disney (Andreo Calonzo/Bloomberg)
Andreo Calonzo / Bloomberg:
Philippine President Marcos Jr. signs a law imposing a 12% value-added tax on non-resident digital service providers, including Netflix, HBO, and Disney — Philippine President Ferdinand Marcos Jr. on Wednesday signed a law imposing a 12% value-added tax on non-resident digital service providers including Netflix, HBO and Disney.
