Bloomberg:
Siemens agrees to acquire Boston-based R&D scientific software company Dotmatics from Insight Partners for $5.1B, in a deal expected to close in H1 2026 — Siemens AG has agreed to acquire Dotmatics for $5.1 billion as part of a push to provide more artificial intelligence software to life sciences companies.
Adobe updates Premiere Pro with AI-powered features like Generative Extend, which lets users extend clips by two seconds with 4K quality and background audio (Jess Weatherbed/The Verge)
Jess Weatherbed / The Verge:
Adobe updates Premiere Pro with AI-powered features like Generative Extend, which lets users extend clips by two seconds with 4K quality and background audio — Generative Extend is now rolling out, alongside an AI-powered search panel and caption translations.
Sources: AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it (Wall Street Journal)
Wall Street Journal:
Sources: AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it — Trump is expected to be briefed Wednesday on a framework to keep the video-sharing app operational — Mobile technology company AppLovin has made a bid for TikTok and talked …
Automattic lays off 16% of staff, CEO Matt Mullenweg says to become “more agile and responsive”; Automattic website listed 1,744 employees ahead of the layoffs (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch:
Automattic lays off 16% of staff, CEO Matt Mullenweg says to become “more agile and responsive”; Automattic website listed 1,744 employees ahead of the layoffs — Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce.
FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust’s solvency; Binance alone holds ~$2.2B worth of FDUSD (Daniel Kuhn/The Block)
Daniel Kuhn / The Block:
FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust’s solvency; Binance alone holds ~$2.2B worth of FDUSD — – Justin Sun is warning users to pull funds from First Digital Trust, a Hong Kong-based firm once employed by TrueUSD’s owner Techteryx as a fiduciary.
Anthropic debuts a Claude for Education tier for colleges, with Learning Mode, where it asks questions to test understanding, shares templates for papers, more (Maxwell Zeff/TechCrunch)
Maxwell Zeff / TechCrunch:
Anthropic debuts a Claude for Education tier for colleges, with Learning Mode, where it asks questions to test understanding, shares templates for papers, more — Anthropic announced on Wednesday that it’s launching a new Claude for Education tier, an answer to OpenAI’s ChatGPT Edu plan.
Sources: Justin Sun bailed out Techteryx’s TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud (Sam Reynolds/CoinDesk)
Sam Reynolds / CoinDesk:
Sources: Justin Sun bailed out Techteryx’s TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud — Justin Sun bailed out Techteryx’s TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid …
Trump pardoned BitMEX owner HDR Global Trading, which had pleaded guilty and was fined $100M for money laundering, possibly the first US pardon of a corporation (Matt Sledge/The Intercept)
Matt Sledge / The Intercept:
Trump pardoned BitMEX owner HDR Global Trading, which had pleaded guilty and was fined $100M for money laundering, possibly the first US pardon of a corporation — In what may be an American first, President Donald Trump pardoned a company sentenced to $100 million in fines for breaking money laundering laws.
Google replaces Sissie Hsiao, leader of its consumer AI apps, including Gemini, with Josh Woodward, who leads Google Labs and oversaw NotebookLM’s launch (Reed Albergotti/Semafor)
Reed Albergotti / Semafor:
Google replaces Sissie Hsiao, leader of its consumer AI apps, including Gemini, with Josh Woodward, who leads Google Labs and oversaw NotebookLM’s launch — The Scoop — Google is replacing the leader of its consumer AI apps as the focus of the AI race shifts from the underlying models …
A profile of Larry Ellison, now 80 years old with a $175B fortune, as Oracle bids for TikTok US and he puts up most of his son David’s $8B bid to buy Paramount (New York Times)
New York Times:
A profile of Larry Ellison, now 80 years old with a $175B fortune, as Oracle bids for TikTok US and he puts up most of his son David’s $8B bid to buy Paramount — For decades, Larry Ellison reveled in being the Silicon Valley executive who really knew how to have a good time.