David Shepardson / Reuters:
A US appeals court sets a fast-track schedule to consider legal challenges to the US law requiring a TikTok ban or sale, with oral arguments in September 2024 — A U.S. appeals court on Tuesday set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance …
Private equity firm Bridgepoint buys a majority stake in LumApps, used by ~700 organizations to build and provision comms and workforce apps, in a $650M deal (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
Private equity firm Bridgepoint buys a majority stake in LumApps, used by ~700 organizations to build and provision comms and workforce apps, in a $650M deal — Big news today for LumApps, the French startup that describes itself as an “intranet superapp” with a platform for building …
Google unveils new AI features for Chromebook Plus devices, says new Chromebook Plus users get a free year of Google One AI Premium, and updates old Chromebooks (Ivan Mehta/TechCrunch)
Ivan Mehta / TechCrunch:
Google unveils new AI features for Chromebook Plus devices, says new Chromebook Plus users get a free year of Google One AI Premium, and updates old Chromebooks — Google announced new AI-powered features today for its Chromebook Plus line of devices, such as a writing assistant …
Abu Dhabi-based edtech startup Alef Education, which serves kindergarten to 12th grade, aims to raise up to $515M in an IPO, Abu Dhabi’s first IPO of 2024 (Julia Fioretti/Bloomberg)
Julia Fioretti / Bloomberg:
Abu Dhabi-based edtech startup Alef Education, which serves kindergarten to 12th grade, aims to raise up to $515M in an IPO, Abu Dhabi’s first IPO of 2024 — – Alef Education’s shareholders are selling a 20% stake — Price range set at 1.30 dirhams to 1.35 dirhams per share
PayPal plans to build an ad sales business around data generated from users and tracking purchases, and hires ex-Uber ad boss Mark Grether as PayPal Ads SVP (Patrick Coffee/Wall Street Journal)
Patrick Coffee / Wall Street Journal:
PayPal plans to build an ad sales business around data generated from users and tracking purchases, and hires ex-Uber ad boss Mark Grether as PayPal Ads SVP — Payments company hires Uber’s former head of advertising to run a new ad division — PayPal hopes to boost its growth by starting …
T-Mobile plans to acquire most of UScellular, including stores, some of the wireless operator’s spectrum, and its customers, in a $4.4B deal, including $2B debt (Todd Haselton/CNBC)
Todd Haselton / CNBC:
T-Mobile plans to acquire most of UScellular, including stores, some of the wireless operator’s spectrum, and its customers, in a $4.4B deal, including $2B debt — – CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values — Select Shopping — Ad Choices
OpenAI begins training its new flagship AI model, a process that could take nine months or more, and creates a Safety and Security Committee to explore risks (Cade Metz/New York Times)
Cade Metz / New York Times:
OpenAI begins training its new flagship AI model, a process that could take nine months or more, and creates a Safety and Security Committee to explore risks — The advanced A.I. system would succeed GPT-4, which powers ChatGPT. The company has also created a new safety committee to address A.I.’s risks.
How pro-Russian groups exploit Telegram, which has 41M MAUs in the EU, below the DSA’s 45M threshold, to spread disinformation on Ukraine, immigration, and more (Bloomberg)
Bloomberg:
How pro-Russian groups exploit Telegram, which has 41M MAUs in the EU, below the DSA’s 45M threshold, to spread disinformation on Ukraine, immigration, and more — Pro-Russian disinformation groups are exploiting the “very, very lax” rules on Telegram and there’s little EU authorities can do about it.
Chinese government data: foreign-branded smartphone shipments, most of which are iPhones, rose 52% YoY to ~3.5M in April, after stabilizing in March 2024 (Yuan Gao/Bloomberg)
Yuan Gao / Bloomberg:
Chinese government data: foreign-branded smartphone shipments, most of which are iPhones, rose 52% YoY to ~3.5M in April, after stabilizing in March 2024 — – Official data for April showed Chinese mobile demand returning — The iPhone’s bad start to the year prompted retail price cuts
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K bitcoin, worth ~$9B, to an unknown address, likely part of a plan to repay creditors (Shaurya Malwa/CoinDesk)
Shaurya Malwa / CoinDesk:
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K bitcoin, worth ~$9B, to an unknown address, likely part of a plan to repay creditors — Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.