Alameda Research hedge fund
Sam Bankman-Fried prosecutor says coder’s cooperation sped up case
Former FTX CTO’s assistance was key to helping investigators understand how Bankman-Fried stole $8 billion in customer funds.
acquisition
Yahoo acquires Instagram co-founders’ AI news platform Artifact
The deal signals continued pain for media start-ups struggling to grow revenue at a time when Big Tech giants Alphabet and Meta.
$5 billion fine
Meta cannot delay US FTC from reopening privacy probe, court says
Meta cannot delay the FTC from reopening a probe into alleged privacy failures by its Facebook unit.
AI
New AI benchmark tests speed of responses to user queries
MLCommons released a fresh set of tests and results that rate the speed at which top-of-the-line hardware can run AI applications and respond to users.
anticompetitive conduct
Consumers sue Apple, taking page from US Justice Department lawsuit
Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market.
Alphabet
Google says will defend its DMA compliance in coming months
Google will continue to defend the way it complies with the Digital Markets Act in the coming months.
AI
Reddit shares soar 38% in market debut
Reddit’s shares jumped in their debut, signaling that investor appetite for IPOs of promising yet loss-making companies could be returning.
AirTags
Apple accused of monopolizing smartphone markets in US antitrust lawsuit
The U.S. Department of Justice and 15 states sued Apple, alleging it drove up prices for its services and hurt smaller rivals.
005930.KS
Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says
The negotiations are about licensing Gemini for some new features coming to the iPhone software this year.
bias
Supreme Court eyes government contacts with social media platforms
The U.S. Supreme Court on Monday was hearing arguments in another battle over social media content moderation.