Bloomberg Tax : Sources: Ripple has proposed a takeover of Circle for $4B to $5B, a bid that was rejected as too low; Ripple remains inter...
Sources: Ripple has proposed a takeover of Circle for $4B to $5B, a bid that was rejected as too low; Ripple remains interested in Circle — Ripple has proposed a takeover of rival stablecoin provider Circle Internet Group Inc. for $4 billion to $5 billion, a bid that was rejected as too low …
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Visa partners with Stripe's Bridge to help fintechs launch their own stablecoin-linked card programs in multiple countries at once, starting in Latin America — The platform will allow developers to launch card programs in multiple countries at once, starting with Argentina, Colombia …
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Visa announces Visa Intelligent Commerce, opening its payment network to developers building AI agents to find and buy products for users — AI has transformed everyday tasks such as writing, coding — even shopping. Now, Visa is introducing an initiative to prepare its payment network …
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Q&A with Mark Zuckerberg on Llama 4, benchmarks, AI friends, DeepSeek, China, export controls, open source, monetizing AGI, aligning with Trump, and more — “The world is going to get a lot funnier, weirder, and quirkier.” — Transcript — Zuck on: — Llama 4, benchmark gaming, open vs closed
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Finland passes legislation, which goes into effect August 1, to restrict the use of mobile phones during the school day, following Denmark, France, and Norway — Nordic country is latest to act amid evidence of impact on young people, including attention and self-esteem
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Duolingo launches 148 new language courses developed with generative AI, doubling its offerings for non-English speakers within a year, as it aims for 1B+ users — On Wednesday, Duolingo signaled that approach is helping to rapidly expand its language-learning courses …
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US v. Google: Sundar Pichai says he had at least a “couple” of calls with Tim Cook in 2024 about a Gemini deal; Cook said Apple plans to add more AI chatbots — Google CEO Sundar Pichai and Apple CEO Tim Cook had at least a “couple” of phone calls last year where Pichai made the case …
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SEC filing: Intel EVP and Chief Commercial Officer Christoph Schell is resigning “in order to pursue another career opportunity” after joining in February 2022 — Christoph Schell, Intel's EVP and chief commercial officer, is leaving the company after a two-year stint, according to a filing with the SEC.
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US v. Google: Sundar Pichai says the DOJ's proposal to share Google search data with rivals amounts to a “de facto” spinoff of Google's search engine and its IP — If Google were required to share both its search data and the information on how it ranks results …
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Wikipedia says it will use AI to build new features that “remove technical barriers” for editors, moderators, and patrollers, automate tedious tasks, and more — Wikipedia on Wednesday revealed its new AI strategy for the next three years — and it's not replacing the Wikipedia community …
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Meta, Spotify, and Match launch the Coalition for a Competitive Mobile Experience, a lobbying coalition to take on Apple and Google over user age verification — App makers Meta Platforms Inc., Spotify Technology SA and Match Group Inc. are girding for a high-stakes political battle …
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Grindr rolls out A-List, powered by Claude Sonnet 3.7 and AWS' Bedrock, to curate “meaningful past connections, high-potential matches” and chat summaries — The LGBTQ dating brand is rolling out a feature from its product roadmap called “A-List,” an automatically curated list that surfaces …
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Kintsugi, which uses AI to help companies automate their sales tax compliance, raised $18M at a $150M post-money valuation, up from $80M in November 2024 — Kintsugi, a Silicon Valley-based startup that helps companies offload and automate their sales tax compliance, has raised $18 million …
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AI legal analysis startup Supio, which focuses on personal injury law across 114+ case types, raised $60M led by Sapphire, taking its total funding to $91M — Supio, a startup that uses AI to automate data collection and analysis for legal teams, has raised $60 million in a funding round led …
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Doc: the EU's draft International Digital Strategy, set for June 4, acknowledges that decoupling from US tech is “unrealistic” and calls for strategic alliances — The European Union is set to admit that untangling from the dominance of U.S. tech companies is “unrealistic” …
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Rogo, which offers an AI chatbot that replicates an investment banker, raised a $50M Series B led by Thrive at a $350M valuation, after raising $18.5M in 2024 — Rogo, founded by an ex-Lazard analyst, has raised $50mn from investors led by Thrive Capital — An AI start-up behind a chatbot …
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DeepSeek quietly open-sources Prover-V2 AI, a math-focused, 671B-parameter model using mixture-of-experts, on Hugging Face, one day after Alibaba released Qwen3 — The Chinese start-up has released the Prover-V2 model a day after Alibaba released Qwen3, and ahead of an anticipated release of DeepSeek-R2
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Miami-based Cast, which optimizes AI and other workloads via automation, raised a $108M Series C led by G2 and Vision Fund 2, sources say at a $900M valuation — The crush of traffic going into training and running AI has quickly turned into a major cost and resource headache for organizations.
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Identity verification startup Persona, which has 3,000+ clients, raised a $200M Series D led by Ribbit at a $2B valuation, taking its total funding to $417M — Persona helps companies like OpenAI, LinkedIn and Reddit verify the identities of millions of users at a time when AI agents have made it increasingly difficult to do so.
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Sources: Shein is exploring ways to restructure its US business if Trump sticks with punitive tariffs on Chinese imports; the de minimis exemption closes May 2 — Fast-fashion company searches for workarounds as Trump's trade war endangers operations in its most important market
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Adyen reports Q1 net revenue up 22% YoY to €534.7M, below €539.6M est., and processed payment volume up 6% YoY to €314.8B, below est.; ADYEN drops ~5% — Adyen NV reported 22% net revenue growth in the first quarter, while warning that risks related to rising economic uncertainty …
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Microsoft President Brad Smith says the company would take the US government to court if necessary to protect European customers' access to its services — Tech group says it would sue to keep European access to crucial cloud services — Microsoft's top legal officer said the company …
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EA says it laid off staff and canceled “two early-stage incubation projects”; sources say EA cut 300 to 400 roles and its Respawn unit canceled a Titanfall game — The video-game publisher cuts between 300 and 400 jobs — Electronic Arts Inc. is laying off hundreds of workers …
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Sources: Huawei has sold 10+ sets of its AI chip cluster CloudMatrix 384, including to data centers that serve Chinese tech companies, in a bid to rival Nvidia — CloudMatrix 384 sent to data centres serving Chinese tech companies as they seek to fill gap created by US export controls
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Filing: PayPal says the US SEC concluded its investigation into PayPal USD stablecoin in February 2025 “without enforcement action” — Payments giant PayPal said in a regulatory filing that its PayPal USD stablecoin is no longer in the SEC's crosshairs. — Total views
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Xiaomi unveils open-source AI reasoning model MiMo, joining other Chinese tech leaders hoping to make a splash in the burgeoning AI field endorsed by Beijing — Xiaomi debuted MiMo a day after Alibaba unveiled the latest version of its own flagship model, amplifying a race between China's tech players …
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