Nicola M. White / Bloomberg:
Around 56% of the $8.2B in financial remedies that the US SEC obtained in FY 2024 is attributable to a monetary judgment against Terraform Labs and Do Kwon — The agency’s enforcement actions led to $8.2 billion in penalties and reimbursement to investors, though the number …
Sources: TikTok CEO Shou Chew, who has known Elon Musk for several years, has sought Musk’s counsel in recent weeks on the incoming Trump administration (Wall Street Journal)
Wall Street Journal:
Sources: TikTok CEO Shou Chew, who has known Elon Musk for several years, has sought Musk’s counsel in recent weeks on the incoming Trump administration — Popular video app and Chinese parent ByteDance view rival social-media owner as conduit to the president-elect
Strava’s new API rules for third parties will make it harder for users across dozens of fitness apps and wearables to integrate their fitness data in one place (Victoria Song/The Verge)
Victoria Song / The Verge:
Strava’s new API rules for third parties will make it harder for users across dozens of fitness apps and wearables to integrate their fitness data in one place — It might seem odd for one app’s users to fume over an API, but at the heart of the matter is the inherent messiness of fitness data.
A look at challenges facing Samsung Executive Chairman Lee Jae-yong, including the company falling behind in the AI chip race and discontent from employees (Financial Times)
Financial Times:
A look at challenges facing Samsung Executive Chairman Lee Jae-yong, including the company falling behind in the AI chip race and discontent from employees — Chip woes and labour unrest test the mettle of third-generation leader of South Korea’s most valuable company
An investigation finds several women across the US were deceived, drugged, terrorized, and sexually enslaved by sex traffickers to make money from OnlyFans (Reuters)
Reuters:
An investigation finds several women across the US were deceived, drugged, terrorized, and sexually enslaved by sex traffickers to make money from OnlyFans — OnlyFans gives women the chance to earn money by making porn. Sex traffickers also use the platform to abuse and exploit them, say police and prosecutors.
Analysis: Sequoia Capital marked up its 2020 flagship US VC fund, which closed at ~$808M in 2022, by 24.6% in the 12 months ended in June 2024, with no exits (Rosie Bradbury/PitchBook)
Rosie Bradbury / PitchBook:
Analysis: Sequoia Capital marked up its 2020 flagship US VC fund, which closed at ~$808M in 2022, by 24.6% in the 12 months ended in June 2024, with no exits — Sequoia Capital, one of the world’s largest venture firms, marked up its 2020 flagship US venture fund by 24.6% in the 12 months ended in June …
A look at the disagreements in the US government over setting up a US Cyber Force, as the Pentagon formally asked Congress to reject the proposal in September (Barbara Booth/CNBC)
Barbara Booth / CNBC:
A look at the disagreements in the US government over setting up a US Cyber Force, as the Pentagon formally asked Congress to reject the proposal in September — A recent Chinese cyber-espionage attack inside the nation’s major telecom networks that may have reached as high as the communications …
Senate Intelligence Committee Chairman Mark Warner says China-linked Salt Typhoon group listened to phone calls and read texts by hacking US telecom networks (New York Times)
New York Times:
Senate Intelligence Committee Chairman Mark Warner says China-linked Salt Typhoon group listened to phone calls and read texts by hacking US telecom networks — The chairman of the Senate Intelligence Committee said hackers listened to phone calls and read texts by exploiting aging equipment …
Jensen Huang urged global cooperation and highlighted China’s contributions to AI, as he accepted an honorary doctorate degree in engineering in Hong Kong (Bloomberg)
Bloomberg:
Jensen Huang urged global cooperation and highlighted China’s contributions to AI, as he accepted an honorary doctorate degree in engineering in Hong Kong — – CEO Jensen Huang highlights China’s contributions to AI — Huang has voiced support for the incoming Trump administration
US Cybercom Executive Director Morgan Adamski says Chinese hackers are positioning themselves in critical infrastructure in the event of a clash with the US (Reuters)
Reuters:
US Cybercom Executive Director Morgan Adamski says Chinese hackers are positioning themselves in critical infrastructure in the event of a clash with the US — Chinese hackers are positioning themselves in U.S. critical infrastructure IT networks for a potential clash with the United States …
