Decrypt:
Eighteen US states, led by Kentucky, sue the SEC and its commissioners, including Chairman Gary Gensler, over its crackdown on the crypto industry — Ahead of an expected regulatory leadership transition following the election of Donald Trump, 18 states have filed suit against the Securities …
Grubhub co-founder Matt Maloney says he led an effort to buy Grubhub for $1B+ around the start of 2024 and in 2022; Wonder bought Grubhub for $650M on Nov. 13 (Financial Times)
Financial Times:
Grubhub co-founder Matt Maloney says he led an effort to buy Grubhub for $1B+ around the start of 2024 and in 2022; Wonder bought Grubhub for $650M on Nov. 13 — Revelation comes days after Dutch group announced sale of its US subsidiary for $650mn — The founder of Grubhub said he twice attempted …
The US DOJ says Cruise admits to submitting a false report to influence an investigation into an October 2023 crash with a pedestrian and will pay a $500K fine (David Shepardson/Reuters)
David Shepardson / Reuters:
The US DOJ says Cruise admits to submitting a false report to influence an investigation into an October 2023 crash with a pedestrian and will pay a $500K fine — General Motors’ (GM.N) self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence …
NASA partners with Microsoft to create Earth Copilot, an AI chatbot that can answer questions about the Earth using NASA’s geospatial information (Emma Roth/The Verge)
Emma Roth / The Verge:
NASA partners with Microsoft to create Earth Copilot, an AI chatbot that can answer questions about the Earth using NASA’s geospatial information — NASA is teaming up with Microsoft to create an AI chatbot designed to make it easier to access and understand scientific data about the Earth.
In his amended lawsuit against OpenAI, Musk names new defendants including Microsoft, Reid Hoffman, and ex-OpenAI board member and Microsoft VP Dee Templeton (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
In his amended lawsuit against OpenAI, Musk names new defendants including Microsoft, Reid Hoffman, and ex-OpenAI board member and Microsoft VP Dee Templeton — Musk’s lawsuit against OpenAI accusing the company of abandoning its nonprofit mission was withdrawn in July, only to be revived in August.
SwiftConnect, which provides a platform to let workers access physical offices via mobile digital badges, raised a $37M Series B led by Quadri Ventures (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
SwiftConnect, which provides a platform to let workers access physical offices via mobile digital badges, raised a $37M Series B led by Quadri Ventures — With the advent of flexible workspaces, companies are increasingly adopting smartphone-based authentication to let employees enter and leave.
Fake AI albums targeting real artists are flooding Spotify to profit from royalty fraud, abusing a distribution process effectively based on the honor system (Elizabeth Lopatto/The Verge)
Elizabeth Lopatto / The Verge:
Fake AI albums targeting real artists are flooding Spotify to profit from royalty fraud, abusing a distribution process effectively based on the honor system — How fake music targets real artists. … I first noticed something weird when a HEALTH album dropped on my Spotify new release radar.
Applied Materials reports Q4 revenue up 5% YoY to $7.05B, vs. $6.95B est., and forecasts Q1 revenue below estimates; AMAT drops 5%+ after hours (Jaspreet Singh/Reuters)
Jaspreet Singh / Reuters:
Applied Materials reports Q4 revenue up 5% YoY to $7.05B, vs. $6.95B est., and forecasts Q1 revenue below estimates; AMAT drops 5%+ after hours — Applied Materials (AMAT.O) forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand …
Lenovo reports Q2 revenue up 24% YoY to $17.85B, above est., and net income up 44% YoY to $358.5M, vs. $343.3M est.; IDC: Lenovo’s PC shipments grew 3% YoY (Bloomberg)
Bloomberg:
Lenovo reports Q2 revenue up 24% YoY to $17.85B, above est., and net income up 44% YoY to $358.5M, vs. $343.3M est.; IDC: Lenovo’s PC shipments grew 3% YoY — – Quarterly profit, revenue both increased at double-digit pace — Company grew PC shipments despite overall market decline
TikTok makes its AI ad creation tool, Symphony Creative Studio, available to all advertisers and adds the ability to use content from Getty Images with the tool (Emma Roth/The Verge)
Emma Roth / The Verge:
TikTok makes its AI ad creation tool, Symphony Creative Studio, available to all advertisers and adds the ability to use content from Getty Images with the tool — TikTok will let advertisers pull in content from Getty Images when using the platform’s AI ad creation tool.
