Bloomberg:
The US, the EU, and other superpowers have funneled nearly $81B towards supporting chip companies, the first wave of ~$380B earmarked by global governments — US and allies vie with China for superconductor supremacy, powered by wave of domestic investment
Sources: the EU is set to issue new antitrust charges against Microsoft over concerns over undermining Teams competitors, despite Microsoft offering concessions (Javier Espinoza/Financial Times)
Javier Espinoza / Financial Times:
Sources: the EU is set to issue new antitrust charges against Microsoft over concerns over undermining Teams competitors, despite Microsoft offering concessions — Tech group’s effort to avoid action by unbundling videoconferencing app from its other software appears to have failed
A look at the growing number of startups offering AI deepfake detection services, with some claiming startling levels of accuracy despite untested capabilities (Washington Post)
Washington Post:
A look at the growing number of startups offering AI deepfake detection services, with some claiming startling levels of accuracy despite untested capabilities — A surge of companies now claim to offer hyper-accurate detection services, but their capabilities are largely untested.
As VC firms pivot to investing in startups developing defense tech for the US and its allies, some of their business ties with China still linger (Heather Somerville/Wall Street Journal)
Heather Somerville / Wall Street Journal:
As VC firms pivot to investing in startups developing defense tech for the US and its allies, some of their business ties with China still linger — Investors with connections to China are backing startups developing tech that the U.S. wants to counter Beijing
Brad Smith says Microsoft will invest €4B in France, much of the investment would focus on AI, and Microsoft would set up a data center in Mulhouse, France (Sudip Kar-Gupta/Reuters)
Sudip Kar-Gupta / Reuters:
Brad Smith says Microsoft will invest €4B in France, much of the investment would focus on AI, and Microsoft would set up a data center in Mulhouse, France — Technology and software giant Microsoft (MSFT.O) will invest 4 billion euros ($4.3 billion) in France as part …
Sources: Shein steps up preparations for a London listing amid regulatory hurdles for a New York IPO; source: Shein plans to file in London as soon as May (Reuters)
Reuters:
Sources: Shein steps up preparations for a London listing amid regulatory hurdles for a New York IPO; source: Shein plans to file in London as soon as May — Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles …
A look at 01.AI, which is launching Wanzhi, a free generative AI assistant focused on the Chinese market; CEO Kai-Fu Lee says 01.AI is nearing profitability (Saritha Rai/Bloomberg)
Saritha Rai / Bloomberg:
A look at 01.AI, which is launching Wanzhi, a free generative AI assistant focused on the Chinese market; CEO Kai-Fu Lee says 01.AI is nearing profitability — – His startup 01.AI is introducing its first consumer AI app — China needs a catalyst in the same way ChatGPT fueled the US
A look at how Elon Musk uses X to support right-wing world leaders like Narendra Modi who could help secure advantages for his businesses (New York Times)
New York Times:
A look at how Elon Musk uses X to support right-wing world leaders like Narendra Modi who could help secure advantages for his businesses — Minutes after it became clear that Javier Milei had been elected president of South America’s second-largest nation in November, Elon Musk posted on X: “Prosperity is ahead for Argentina.”
Sources: Apple has met with Hollywood talent representatives to propose a new performance-based compensation regime, as Amazon and Netflix work on similar plans (Lucas Shaw/Bloomberg)
Lucas Shaw / Bloomberg:
Sources: Apple has met with Hollywood talent representatives to propose a new performance-based compensation regime, as Amazon and Netflix work on similar plans — Apple builds a bonus system around sign-ups, viewer loyalty and production costs. — Good afternoon from 30,000 feet.
A look at the rise and fall of 2U, which provides online degree programs for top US universities, and is valued at ~$30M today, down from $5B+ in 2018 (Melissa Korn/Wall Street Journal)
Melissa Korn / Wall Street Journal:
A look at the rise and fall of 2U, which provides online degree programs for top US universities, and is valued at ~$30M today, down from $5B+ in 2018 — In May 2018, employees from education technology company 2U paraded through the streets of New Orleans, beads and booze abundant on their floats during a Mardi Gras-style procession.
