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Paris is vying with London as Europe's top AI hotspot, with 34 of the 40 best-performing startups at the Paris-based Station F incubator in 2024 focused on AI (John Thornhill/Financial Times)
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Terraform Labs co-founder Do Kwon pleads not guilty before a US federal judge in New York to nine counts, including wire fraud, over the $40B TerraUSD collapse (Bob Van Voris/Bloomberg)
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Sources: China-backed hackers accessed the computers of senior US Treasury officials; the department's email system and classified data were not breached (Bloomberg)
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Many advertisers on TikTok say they will shift ad dollars if and when a US ban actually takes effect, as the yearslong saga has dulled any real sense of urgency (Wall Street Journal)
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Spotify debuts a Partner Program in the US, the UK, Canada, and Australia, letting popular podcast hosts monetize video content, after announcing it in November (Lauren Forristal/TechCrunch)
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Email: NYC-based Level, which raised a $27M Series A in 2021 to help companies offer staff benefits, shuts down after an effort to sell the company fell through (The Information)
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Short seller Hindenburg shorts Carvana claiming the company's turnaround is a "mirage" that's being propped up by unstable loans and accounting manipulation (Michael Wayland/CNBC)
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A US appeals court rules the FCC did not have legal authority to reinstate net neutrality rules; incoming FCC chair Brendan Carr opposed the 2024 reinstatement (David Shepardson/Reuters)
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Meta appoints Joel Kaplan as Chief Global Affairs Officer, replacing Nick Clegg, who is leaving the company; Kaplan is Meta's most prominent Republican (Semafor)
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The T3 Financial Crime Unit says it has frozen $100M of USDT used by illicit actors since the unit was formed in September 2024 by Tron, TRM Labs, and Tether (Sam Reynolds/CoinDesk)
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GlobalFoundries and IBM settle dueling lawsuits claiming that GlobalFoundries breached a contract with IBM and that IBM misused the chipmaker's trade secrets (Blake Brittain/Reuters)
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Thomson Reuters acquires Michigan-based tax automation company SafeSend in an all-cash transaction valued at $600M (Paul Sawers/TechCrunch)
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Apple agrees to pay $95M to settle a lawsuit claiming it recorded private conversations after Siri was unintentionally activated and shared the data with others (Jonathan Stempel/Reuters)
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Sources: Morgan Stanley's E-Trade explores adding crypto trading, if the Federal Reserve and others approve, anticipating more favorable regulation under Trump (Yueqi Yang/The Information)
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Telegram rolls out a new account verification method powered by third-parties, new search filters for private chats, and the ability to turn gifts into NFTs (Ivan Mehta/TechCrunch)
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Asus, Samsung, and MSI separately unveil the world's first 27-inch QD-OLED gaming monitors, offering 4K OLED at 240Hz, without sharing release dates or pricing (Tom Warren/The Verge)
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While the crypto industry anticipates lighter regulation and wider adoption under Donald Trump, some worry about systemic risks, particularly from stablecoins (Financial Times)
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Rembrand, which offers AI tools to add product placements in social media videos, raised a $23M Series A and plans to expand to CTV content and add a free tier (Kerry Flynn/Axios)
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In 2024, the tech industry promoting a practical and prosperous vision of generative AI drowned out warnings of AI tools potentially causing catastrophic damage (Maxwell Zeff/TechCrunch)
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Fintech themes to watch in 2025: relaxed regulation under the second Trump administration, more IPOs, acquisitions, and VC funding, and more stablecoin use (Emily Mason/Bloomberg)
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