Snap Reaches Settlement In Social Media Addiction Lawsuit Ahead of Trial
TL;DRSnap settles addiction lawsuit with teenagers before trial begins.
Why it matters: Sets precedent for holding platforms liable for addictive design practices and mental health harms.
North Korea Denies Role in $6.3 Billion Binance Crypto Heist
TL;DRNorth Korea denies FBI accusations it stole $6.3 billion from Binance.
Anthropic S-1 claims it may "imminently meet" its RSI threshold and may
TL;DRAnthropic admits it might hit AI safety thresholds soon and may not detect major breakthroughs beforehand.
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Trajectory, which is developing AI model post-training tools
Startup building AI tools for non-technical users raised $45M at $300M valuation.
Brazil's largest crypto exchange Mercado Bitcoin halts withdrawals
Major Brazilian crypto exchange hacked for $46M; Tether froze stolen funds.
Disney Eyes Thousands of Layoffs, With Managers Asked to Cut 20%
Disney is laying off thousands of employees as part of a 20% cost-cutting initiative.
Oracle Is Near $10 Billion Share Sale at 11% Discount
Oracle selling $10 billion in discounted shares after stock price dropped.
Agility Robotics shareholders approve $2.5B humanoid SPAC merger
Agility Robotics going public via $2.5B SPAC deal, raising $465M for humanoid robot expansion.
Hinge tests a cheaper plan
Hinge is testing a lower-cost subscription option as users reject expensive dating apps.
Exclusive: Salesforce Acquires Startup Cresta for $2.7 Billion
Salesforce buys AI contact center startup Cresta for $2.7 billion.
The reason why some iPhone calls don't have a decline option
Some iPhone calls lack a decline button due to network or contact type limitations.
Apple Sales Cool
Apple's revenue grew 12% last quarter, its slowest pace this year.