Filings: ByteDance, which is reportedly planning to re-enter India, has fully exited its investment in VerSe, parent of Josh and DailyHunt, at a 56% discount — ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation's $805-million primary fundraise in April …
A trader used $6M to open a 50x leveraged long position on both BTC and ETH before Trump's crypto reserve announcement and closed their position for a $7M gain (Zack Abrams/The Block)
Zack Abrams / The Block:
A trader used $6M to open a 50x leveraged long position on botA profile of Chetan Nayak, who leads Microsoft's Station Q team trying to build a quantum computer; source: Microsoft spends ~$300M annually on quantum research (Tom Dotan/Wall Street Journal)
Tom Dotan / Wall Street Journal:
A profile of Chetan Nayak, who leads Microsoft's StatiSource: Liam Fedus, VP of research in charge of post-training at OpenAI, is leaving the company to found a startup focused on using AI to discover new materials (The Information) The Information:
Source: Liam Fedus, VP of research in charge of post-training at OpenAIThe GOP's Jim Jordan subpoenas Apple, Amazon, Meta, Microsoft, Nvidia, OpenAI, and 10 others over alleged Biden pressure to use AI to "censor lawful speech" (Tina Nguyen/The Verge)
Tina Nguyen / The Verge:
The GOP's Jim Jordan subpoenas Apple, Amazon, Meta, Microsoft,Sources: Apple and Meta are set to face modest fines for allegedly breaching the EU's DMA, which allows fines of up to 10% of companies' global annual sales (Reuters)
Reuters:
Sources: Apple and Meta are set to face modest fines for allegedly breaching tPitchBook: the AI frenzy has led to the fastest investment pace since 2021, with $30B+ invested into startups so far this quarter and $50B more in the works (George Hammond/Financial Times)
George Hammond / Financial Times:
PitchBook: the AI frenzy has led to the fastest inves
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