Sources: under the US-China framework, a US investor consortium that includes Oracle, Silver Lake, and a16z would hold an ~80% stake in TikTok's US business — Oracle, Silver Lake and Andreessen Horowitz are part of consortium that would control 80% stake — TikTok's U.S. business …
Sources: Binance nears a deal with the US DOJ to remove the outside compliance monitor imposed under its $4.3B 2023 settlement over money laundering failures — Binance Holdings Ltd., the world's largest crypto exchange, is moving toward a potential deal with the US Justice Department …
A Google executive says users increasingly want “contextual answers and summaries”, but Google is not going to abandon the model that provides “10 blue links” — When asked about a new lawsuit over AI Overviews, Google said users increasingly want the AI summaries.
Disney and Webtoon announce a new digital platform with 35K+ Disney comics; Disney plans to acquire a 2% equity interest in Webtoon; WBTN jumps 70%+ after hours — Walt Disney Co. is bringing all of its marquee comics to a new digital platform and app in partnership with Webtoon Entertainment Inc. …
A now-removed unlisted video on Meta's YouTube channel shows Meta Ray-Ban glasses with a HUD shown to one eye, used for Meta AI and on-foot navigation — Meta's HUD glasses with sEMG wristband will in fact be Ray-Ban branded, a leaked clip which also depicts the HUD and wristband in action reveals.
How Hangzhou, home to DeepSeek and Alibaba, became China's AI hub as the government builds a Silicon Valley-inspired innovation corridor in the city's west — Money, talent and entrepreneurial spirit have turned DeepSeek's hometown into a global AI hub — HANGZHOU, China …
An interview with Goldman Sachs partner Kerry Blum on how the company's ~46,000 employees are using GenAI-powered GS AI Assistant and the risks of over-reliance — One partner explains the efficiencies and limitations of new tools — When Goldman Sachs partner Kerry Blum was wrestling …