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.
How Smugglers Get Expensive Memory Chips to China from South Korea
Smugglers exploit loopholes to illegally ship advanced memory chips to China despite U.S. bans.
HKMA Chief Yue on HK Growth
Hong Kong's central bank chief projects third-quarter growth and comments on currency reserves performance.
Apple’s Slowdown
Apple's new CEO uses vague marketing language instead of providing substantive earnings details.
Match Group reports Q3 revenue fell 3% YoY
Match Group's dating apps lost users and revenue; growth stalled badly.
Y Combinator’s Garry Tan uses AI agents so much, he spends up
Y Combinator's leader spends $200K yearly on AI agent tokens due to heavy usage.
OpenAI Hires Ex-Army Secretary As Senior Advisor
Former Army Secretary joins OpenAI to expand military AI applications.
Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings
Disney is laying off thousands of employees as part of a 20% cost-cutting initiative.