Forbes estimates he's worth roughly $110 billion, "placing him ahead of Bill Gates."

And now Changpeng Zhao, the 49-year-old billionaire founder of Binance, "has written a memoir..." It arrives with the unmistakable timing of a man determined to tell the world his version of his meteoric crypto rise and fall, and foreshadow his comeback. The book, Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of Binance, runs 364 pages, self-published in English and Chinese.... Zhao also recounts Binance's long battle with U.S. regulators, the company's record $4.3 billion settlement for fostering unscrupulous money launderers, his four-month prison sentence in California, where he says he began writing the book, and his recent pardon by President Trump...

In Zhao's telling, the case brought by multiple U.S. agencies was less about what Binance had done than about what it had become... "It didn't make sense to me, or any of my lawyers. Other than the fact that we were the biggest in the industry." The U.S. government alleged something more specific: that Binance failed to implement programs to prevent or report suspicious transactions — including those tied to Hamas's Al-Qassam Brigades, Al Qaeda, and ISIS — while also processing trades between U.S. users and those in sanctioned jurisdictions like Iran, North Korea, and Syria. In total, regulators alleged the exchange willfully failed to report more than 100,000 suspicious transactions, including those involving terrorist organizations, ransomware attackers, child sexual exploitation material, frauds and scams... The final settlement amount — $4.3 billion, split across the Department of Justice, the Department of the Treasury's Financial Crimes Enforcement Network, the Office of Foreign Assets Control and the U.S. Commodity Futures Trading Commission — was the largest corporate penalty in the history of nearly each agency involved. Attorney General Merrick B. Garland said at the time of the announcement: "Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed."

The prison passages are among the most vivid in the book. Zhao says he was worried about extortion because the media had reported he was the richest person in U.S. prison history, but then realized no one read the WSJ or Bloomberg or recognized him. Zhao also writes about the food, the routines and the specific indignity of confinement, including sharing a cell with a man serving 30 years for killing two people... Writes Zhao of his cellmate, "Soon, I discovered that the most lethal thing about him wasn't his murder conviction, it was his snoring. He snored more loudly than thunder strikes, the sound of which rose even above the constant toilet flushings."
Binance at one point held a roughly 20% stake in Sam Bankman-Fried's FTX and about $580 million in FTT tokens, the article points out. "As FTX neared collapse in late 2022, Zhao writes, Sam Bankman-Fried called to ask for a couple of billion dollars 'nonchalantly, as if he was asking for a bologna sandwich.'

"Some believe that Binance's brief show of interest in acquiring FTX, followed by its abrupt withdrawal from the deal, hastened FTX's spiral into bankruptcy..."

Thanks to long-time Slashdot reader destinyland for sharing the article.

An anonymous reader quotes a report from The Drive: An auto dealer software company is pitching AI-powered kiosks designed to replace car salesmen on showroom floors. Automotive News says the industry is "skeptical." But be honest -- would you really rather deal with the average car lot shark than a computer?

Epikar, a South Korean company that cooks up digital management solutions for car dealers, has named its new AI invention the Pikar Genie. The idea is that customers can talk to this device, ask it product questions, and basically do everything you'd do with a car salesman except for actually closing the deal and signing paperwork. Renault, BMW, and Volvo are already using some Epikar products at South Korean dealerships, but this new customer-facing AI product is still in its infancy.

AN reported that "Renault assigns three salespeople to its Seoul showroom enhanced with Epikar automation compared with six for other Renault showrooms in South Korea," according to Epikar CEO Bosuk Han. The company's now looking to expand into America and is apparently already testing its products at at least one dealership stateside. Car-dealer consultant Fleming Ford (Director of Strategic Growth at NCM Associates) said U.S. dealerships "aren't ready for fully automated showrooms."

"The showroom isn't just where you buy a car," Automotive News quoted him saying. "It's where you decide who to trust to help you to choose the right car."

Apple's 50th anniversary got celebrated in weird and wild ways. CEO Tim Cook posted a special 30-second video rewinding backwards through the years of Apple's products until it reaches the Apple I. Podcaster Lex Fridman noticed if you play the sound in reverse, "It's the Think Different ad music, pitched up." TechRadar played seven 50-year-old Apple I games on an emulator, including Star Trek, Blackjack, Lunar Lander, and of course, Conway's Game of Life.

And Macworld ranked Apple's 50 most influential people. (Their top five?)

5. Tony Fadell (iPhone co-creator/"father of the iPod")
4. Sir Jony Ive
3. Steve Wozniak
2. Tim Cook
1. Steve Jobs

One of the most thoughtful celebraters was David Pogue, who's spent 42 years of writing about Apple (starting as a MacWorld columnist and the author of Mac for Dummies, one of the first "...For Dummies" books ever published in the early 1990s.) Now 63 years old, Pogue spent the last two years working on a 608-page hardcover book titled Apple: The First 50 Years. But on his Substack Pogue, contemplated his own history with the company — including several interactions with Steve Jobs. Pogue remembers how Jobs "hated open systems. He wanted to make self-contained, beautiful machines. He didn't want them polluted by modifications."

The tech blog Daring Fireball notes that Pogue actually interviewed Scott Forstall (who'd led the iPhone's software development team) for his new book, "and got this story, about just how far Steve Jobs thought Apple could go to expand the iPhone's software library while not opening it to third-party developers." "I want you to make a list of every app any customer would ever want to use," he told Forstall. "And then the two of us will prioritize that list. And then I'm going to write you a blank check, and you are going to build the largest development team in the history of the world, to build as many apps as you can as quickly as possible." Forstall, dubious, began composing a list. But on the side, he instructed his engineers to build the security foundations of an app store into the iPhone's software-"against Steve's knowledge and wishes," Forstall says. [...]

Two weeks after the iPhone's release, someone figured out how to "jailbreak" the iPhone: to hack it so that they could install custom apps. Jobs burst into Forstall's office. "You have to shut this down!" But Forstall didn't see the harm of developers spending their efforts making the iPhone better. "If they add something malicious, we'll ship an update tomorrow to protect against that. But if all they're doing is adding apps that are useful, there's no reason to break that." Jobs, troubled, reluctantly agreed.

Week by week, more cool apps arrived, available only to jailbroken phones. One day in October, Jobs read an article about some of the coolest ones. "You know what?" he said. "We should build an app store."

Forstall, delighted, revealed his secret plan. He had followed in the footsteps of Burrell Smith (the Mac's memory-expansion circuit) and Bob Belleville (the Sony floppy-drive deal): He'd disobeyed Jobs and wound up saving the project.
In fact, the book "includes new interviews with 150 key people who made the journey, including Steve Wozniak, John Sculley, Jony Ive, and many current designers, engineers, and executives" (according to its description on Amazon). Pogue's book even revisits the story of Steve Jobs proving an iPod prototype could be smaller by tossing it into an aquarium, shouting "If there's air bubbles in there, there's still room. Make it smaller!" But Pogue's book "added that there's a caveat to this compelling bit of Apple lore," reports NPR.

"It never actually happened. It's just one more Apple myth."

Reuters reports that SpaceX has confidentially filed for a U.S. IPO, reportedly targeting a valuation above $1.75 trillion. Reuters reports: SpaceX puts more rockets in space than any other company and promises a chance to invest in humanity's return to the moon and attempt to colonize Mars. The company aspires to put artificial intelligence data centers in space, while running a lucrative satellite communications system that opens up much of the earth to the internet and is increasingly used in war. [...]

A public listing at a potential valuation of more than $1.75 trillion comes after SpaceX merged with Musk's artificial intelligence startup xAI in a deal that valued the rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion. SpaceX is hosting an analyst day on April 21, encouraging research analysts to attend in person, [...]. The company is also offering analysts an optional visit to xAI's "Macrohard" data center site in Memphis, Tennessee, on April 23, and plans to hold a virtual session on May 4 to discuss financial models with banks' research analysts, the source said.

Just six days ago — and 30 minutes after a Disney-OpenAI meeting about a project with Sora — Disney's team was "blindsided" with the news Sora was being discontinued, a person familiar with the matter told Reuters, describing OpenAI's move as "a big rug-pull."

Even some Sora employees were surprised by the cancellation. It was just 14 weeks ago Disney announced a $1 billion investment in OpenAI's AI-powered video generation tool — plus a three-year licensing deal. But that deal "never closed," Reuters adds, citing two other people familiar with the matter, "and no money changed hands." (Although the two sides are still "discussing if there is another way they can partner or invest with one another, one of the people familiar with the matter said.")

But Variety wonders if the end of the Sora deal is "a blessing in disguise" for Disney: Before Disney's officially sanctioned AI-generated versions of Mickey Mouse, Darth Vader, Baby Yoda, Deadpool and more debuted in OpenAI's Sora, the AI company abruptly pulled the plug on the video app...

[M]any aficionados of Disney's franchises were not, in fact, excited about what Sora's video generator might do to the likes of the Avengers superheroes or the characters from Frozen or Moana. And despite [departed Disney CEO Bob] Iger's bullishness on the Sora deal, other Disney execs were said to be concerned that going into business with OpenAI would expose the Magic Kingdom's crown jewels to the risk of being turned into so much AI slop, according to industry sources. Hollywood unions — for which AI adoption has been a hot-button issue — weren't thrilled about the Disney-Sora deal either. "Disney's announcement with OpenAI appears to sanction its theft of our work and cedes the value of what we create to a tech company that has built its business off our backs," the Writers Guild of America said in December... [S]ources say, Disney was encountering roadblocks in getting the OK from voice actors for the Sora pact...

At least publicly, Disney says it is still looking at ways it can tap into the AI ecosystem. The company, in a statement Tuesday, said, "we will continue to engage with AI platforms to find new ways to meet fans where they are while responsibly embracing new technologies that respect IP and the rights of creators." But at this point, Disney may decide that "meeting fans where they are" means keeping its beloved and world-famous characters away from the AI machinery.
Or, as Gizmodo puts it, "Disney Says It Will Find Ways to Peddle Slop Elsewhere After Pulling Out of OpenAI Deal."

But Deadline sees the deal's collapses as a lost opportunity: The OpenAI partnership was a template on which to build, potentially allowing for other deals that end the exploitation of human creativity by unscrupulous AI models. It was also the kind of partnership that was palatable for the Human Artistry Campaign and Creators Coalition on AI, lobby groups that have been critical of tech business models and command support from A-listers including Scarlett Johansson, Cate Blanchett and Joseph Gordon-Levitt.

Dr. Moiya McTier, an advisor to the Human Artistry Campaign, puts it this way: Part of the problem is getting "artsy people and the techie people to talk." OpenAI sinking Sora will not make these discussions easier. It's a move that starkly exposes Hollywood's vulnerability to the capriciousness of big tech.

An anonymous reader quotes a report from NPR: The Trump administration will pay $1 billion to a French company to walk away from two U.S. offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy. TotalEnergies has agreed to what's essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in fossil fuel projects instead, the Department of Interior announced Monday.

The Trump administration has tried to halt offshore wind construction, but federal judges overturned those orders. Environmental groups denounced the TotalEnergies deal as an alternate way to block wind projects. President Donald Trump has gone all in on fossil fuels, which he says is the way to lower costs for families, increase reliability and help the U.S. maintain global leadership in artificial intelligence.

TotalEnergies pledged to not develop any new offshore wind projects in the United States. TotalEnergies CEO Patrick Pouyanne said in a statement that the company renounced offshore wind development in the United States in exchange for the reimbursement of the lease fees, "considering that the development of offshore wind projects is not in the country's interest." Pouyanne said the refunded lease fees will finance the construction of a liquefied natural gas plant in Texas and the development of its oil and gas activities, calling it a "more efficient use of capital" in the U.S. After it makes those investments, TotalEnergies will be reimbursed, up to the amount paid in lease purchases for offshore wind, according to the DOI.

An anonymous reader quotes a report from the Wall Street Journal: Mark Zuckerberg wants everyone inside and outside his company to eventually have his or her own personal artificial-intelligence agent. He is starting with himself. Zuckerberg, the chief executive of Meta Platforms, is building a CEO agent to help him do his job (source paywalled; alternative source), according to a person familiar with the project. The agent, which is still in development, is currently helping Zuckerberg get information faster -- for instance, by retrieving answers for him that he would typically have to go through layers of people to get, the person familiar with the project said.

[...] Use of AI tools has spread quickly through the ranks at Meta -- in part because it is now a factor in employees' performance reviews. Meta's internal message board is filled with posts from employees sharing new AI use cases they have found and new tools they have built using AI, according to people familiar with the matter. [...] Employees have started using personal agent tools such as My Claw that have access to their chat logs and work files and can go talk to colleagues -- or their colleagues' own personal agents -- on their behalf, the people said. Another AI tool called Second Brain that is somewhere between a chatbot and an agent is also gaining momentum internally, according to people familiar with the matter. Second Brain was built by a Meta employee on top of Claude and can index and query documents for projects, among other uses. On the internal post announcing it to staff, the employee said it is "meant to be like an AI chief of staff."

There is even a group on the internal messaging board where employees' personal agents talk to each other, some of the people said. (Separately, Meta acquired Moltbook, the social-media site for AI agents, and hired its founders in a deal earlier this month.) Meta also recently acquired Manus, a Singapore-based startup that makes personal agents that can execute tasks for its users, and is using the tool internally, some of the people said. Meta recently established a new applied AI engineering organization that is tasked with using AI to help speed up development of the company's large language models. Those teams will have an ultraflat structure of as many as 50 individual contributors reporting to one manager, The Wall Street Journal previously reported. [...] Employees across the company said they have been encouraged to attend AI tutorial meetings several times a week and frequent AI hackathons, and to create their own AI tools to speed up their work.

Uber is aggressively partnering with multiple robotaxi companies to avoid a future dominated by Waymo or Tesla. The ride-hailing giant has struck deals with at least a dozen autonomous vehicle players in recent years. Just last week, it announced a $1.25 billion partnership with Rivian, with plans to deploy up to 50,000 driverless vehicles over the next decade. Business Insider reports: Uber announced three new robotaxi partnerships in the past few weeks with Zoox, Wayve-Nissan, and Rivian. In less than half a decade, the company has secured at least a dozen deals, including with WeRide, AVride, May Mobility, Momenta, Pony.AI, Wayve, Baidu's Apollo Go, Motional, and Lucid-Nuro. Still, less than a half-dozen of Uber's partners have deployed fully driverless, paid robotaxi operations, and only one, Waymo, operates in the US. Uber has a joint deployment with Waymo in Atlanta, Austin, and Phoenix, but in other cities, Waymo is a competitor.

Uber's partnership spree is less about seeking the singular, dominant player of autonomous driving. Instead, analysts told Business Insider that Uber is ensuring multiple vendors can participate in the expensive business of robotaxis -- fending off the real risk of a Waymo or Tesla scaling on its own -- and giving itself a stake in the robotaxi economy by being the aggregator of choice. "The more diversified the supplier base, the better for the network in the middle, which is Uber," Mark Mahaney, an Uber analyst for Evercore ISI, told Business Insider.

CNBC reports: Amazon has acquired Rivr, a Swiss robotics company developing machines for "doorstep delivery," the company confirmed Thursday... It announced the deal in a notice sent to third-party delivery contractors... "We believe this technology, when working alongside your [delivery associates], has the potential to further improve safety outcomes and the overall customer experience, particularly in the last steps of the delivery process...." In its notice to delivery service partner owners, Amazon said Rivr's technology, which includes a four-legged robot on wheels, will allow it to research and test how the devices can be integrated into delivery operations, including "helping [delivery associates] carry packages from delivery vehicles to customer doorsteps."

CBS News is shutting down its nearly 100-year-old radio news service due to economic pressures and the shift toward digital media and podcasts. Longtime CBS News anchor Dan Rather said: "It's another piece of America that is gone." The Associated Press reports: When it went on the air in September 1927, the service was the precursor to the entire network, giving a youthful William S. Paley a start in the business. Famed broadcaster Edward R. Murrow's rooftop reports during the Nazi bombing of London during World War II kept Americans listening anxiously. Today, CBS News Radio provides material to an estimated 700 stations across the country and is known best for its top-of-the-hour news roundups. The service will end on May 22, the network said Friday.

"Radio is woven into the fabric of CBS News and that's always going to be part of our history," CBS News editor-in-chief Bari Weiss said in delivering the news to the staff. "I want you to know that we did everything we could, including before I joined the company, to try and find a viable solution to sustain the radio operation." But with the radical changes in the media industry, she said, "we just could not find a way to make that possible."

It was unclear how many people will lose their jobs because of the radio shutdown. CBS News was cutting about 6% of its workforce, or more than 60 people, on Friday. It's not the end of turmoil at the network, as parent company Paramount Global is likely to absorb CNN as part of its announced purchase of Warner Bros. Discovery.

Cloudflare's CEO predicts AI-driven bot traffic will surpass human internet traffic by 2027, as AI agents generate vastly more web requests than people. "If a human were doing a task -- let's say you were shopping for a digital camera -- and you might go to five websites. Your agent or the bot that's doing that will often go to 1,000 times the number of sites that an actual human would visit," Cloudflare CEO Matthew Prince said in an interview at SXSW this week. "So it might go to 5,000 sites. And that's real traffic, and that's real load, which everyone is having to deal with and take into account." TechCrunch reports: Before the generative AI era, the internet was only about 20% bot traffic, with Google's web crawler being the largest, according to Prince, whose infrastructure and security company is used by one-fifth of all websites. But beyond some other reputable crawlers, the only other bots were those used by scammers and bad actors. "With the rise of generative AI, and its just insatiable need for data, we're seeing a rise where we suspect that, in 2027, the amount of bot traffic online will exceed the amount of human traffic that's online," Prince said.

The executive also noted that this change to the web would require the development of new technologies, like sandboxes for AI agents that can be spun up on the fly and then torn down when their task has finished. These could come into play when consumers ask AI agents to perform certain tasks on their behalf, like planning a vacation. "What we're trying to think about is, how do we actually build that underlying infrastructure where you can -- as easily as you open a new tab in your browser -- you can actually spin up new code, which can then run and service the agents that are out there," Prince said. He imagines there will soon be a time when millions of these "sandboxes" for agents would be created every second. "I think the thing that people don't appreciate about AI is it's a platform shift," Prince said. "AI is another platform shift ... the way that you're going to consume information is completely different."

AI infrastructure company Nebius signed a deal to provide up to $27 billion in AI computing capacity to Meta over the next five years, including a guaranteed $12 billion purchase by 2027. Reuters reports: Under the agreement, Meta will also buy an additional $15 billion worth of capacity planned by Nebius over the coming five years if it is not sold to other customers, giving the contract a total value of up to $27 billion, Nebius said. The deal is the latest example of U.S. tech giants' efforts to supplement their own AI data-centre build-outs by locking in scarce GPU and power capacity from "neocloud" providers like Nebius. Nebius CEO Arkady Volozh said the latest Meta deal would help "accelerate the build-out and growth of our core AI cloud business." Further reading: Data Centers Overtake Offices In US Construction-Spending Shift

The deal to take control of TikTok's U.S. business came with an unusual condition, according to people familiar with the matter. The investors — which include Oracle, Abu Dhabi investor MGX, and private-equity firm Silver Lake — "paid the Treasury Department about $2.5 billion when the deal closed in January," reports the Wall Street Journal, "and are set to make several additional payments until hitting the $10 billion total." The $10 billion payment would be nearly unprecedented for a government helping arrange a transaction, historians have said... Investment bankers advising on a typical deal receive fees of less than 1% of the transaction value, and the percentage generally gets smaller as the deal size increases. Bank of America is in line to make some $130 million for advising railroad operator Norfolk Southern on its $71.5 billion sale to Union Pacific, one of the largest fees on record for a single bank on a deal. Administration officials have said the fee is justified given Trump's role in saving TikTok in the U.S. and navigating negotiations with China to get the deal done while addressing the security concerns of lawmakers...

The TikTok fee extracted from private-sector investors is the administration's latest transaction involving the nation's largest businesses. Trump took a nearly 10% stake in semiconductor company Intel and has agreed to take a chunk of chip sales to China from Nvidia in exchange for granting export licenses. The administration has also taken equity stakes in other companies and has a say in the operations of U.S. Steel following a "golden share" agreement with Japan's Nippon Steel in its takeover.
Reuters notes earlier this month, a lawsuit was filed by investors in two of TikTok's social media rivals, seeking to reverse the approval of the deal.

Thanks to long-time Slashdot reader schwit1 for sharing the news.

Shantanu Narayen announced he will step down as CEO of Adobe once a successor is appointed, ending an 18-year tenure during which he transformed the company from boxed software to the Creative Cloud subscription model. Narayen said he will remain board chair as Adobe continues pushing into generative AI products. CNBC reports: Narayen joined Adobe in 1988 as a vice president and general manager, and he became CEO in 2007. Under Narayen, Adobe pushed from software licenses to subscriptions to its Creative Cloud application bundle, and the company is now working to expand through generative artificial intelligence. He sought to acquire fast-growing design software company Figma, but regulators pushed back, and the companies called off the deal, resulting in Adobe paying Figma a $1 billion breakup fee. [...]

Narayen, 62, is lead independent director of Pfizer in addition to his responsibilities at Adobe, where he received $51 million in total compensation for the 2025 fiscal year, according to a filing. He owns $118 million in Adobe shares, according to FactSet. [...] On Narayen's watch, Adobe's stock jumped more than sixfold, while the S&P 500 is up about 350% over that stretch. "What attracted me to Adobe 28 years ago was our leadership in creating new market categories, world-class products, a relentless desire to innovate in every functional area of the company and the people I met during the interview process," Narayen wrote. "We have continued to create new markets, deliver world-class products, drive innovation in everything we do and attract and retain the best and brightest employees."

GFiber (a.k.a. Google Fiber) and Astound Broadband announced that they plan to merge into a deal backed by infrastructure investor Stonepeak Infrastructure Partners. The resulting company will be majority owned by Stonepeak, with Alphabet becoming a "significant minority shareholder." Light Reading reports: Stonepeak Infrastructure Partners teamed with Patriot Media to acquire Astound in November 2020 for $8.1 billion. Stonepeak is Astound's largest investor. The deal is expected to close in the fourth quarter of 2026. The combined business will be led by the existing GFiber executive team. GFiber is currently led by CEO Dinni Jain. Jain, a former Time Warner Cable and Insight Communications exec, took the helm of what was then called Google Fiber in 2018.

"This agreement advances GFiber's mission of redefining internet connectivity and represents a major step toward its goal of operational and financial independence," the companies said. "GFiber will have the external capital and strategic focus needed to accelerate its next phase of growth, expanding its customer-first approach and pioneering fiber technology across the country." GFiber's combination with Astound represents "a strategic opportunity to scale our customer-focused approach to connect more households to a truly different type of internet service," Jain said in a statement.

An anonymous reader quotes a report from Ars Technica: Binance is hoping that suing (PDF) The Wall Street Journal for defamation might help shake off a fresh round of government probes into how the cryptocurrency exchange failed to detect $1.7 billion in transfers to a network that was funding Iran-backed terror groups. The lawsuit comes after a Wall Street Journal investigation, based on conversations with insiders and reviews of internal documents, reported that Binance had quietly dismantled its own investigation into the unlawful transfers and then fired compliance staff who initially flagged them.

Alleging that the report falsely accused Binance of retaliation -- among 10 other allegedly false claims -- Binance accused the Journal of conducting a "sham" investigation that intentionally disregarded the company's statements. That included supposedly failing to note that Binance had not closed its investigation into the unlawful transfers. Binance's role in the large-scale violation of US sanctions laws is currently being investigated by the Justice and Treasury Departments. Congress members also took notice, including Sen. Richard Blumenthal (D-Conn.), ranking member of the Senate Permanent Subcommittee on Investigations (PSI), who launched an additional inquiry. In a letter to Binance CEO Richard Teng, Blumenthal cited the Journal's report, as well as reporting from The New York Times and Fortune, while demanding that Binance explain how it managed to overlook the money-laundering for so long and why compliance staff members were fired.

In its complaint Wednesday, Binance claimed that these probes may "be just the tip of the iceberg" if the record is not corrected. The reputational harm is particularly damaging, the exchange noted, since Binance has allegedly worked hard to strengthen its compliance after reaching a settlement with the US government in 2023. In taking that plea deal, Binance admitted to violating anti-money laundering and sanctions laws and paid a $4.3 billion fine, and its founder, Changpeng Zhao, eventually pled guilty to a related charge. Since that scandal, Binance claimed that the WSJ has "made a business of maligning both the cryptocurrency industry generally and Binance specifically." That's why the Journal allegedly rushed to publish its story following a similar New York Times investigation. Alleging that the WSJ was financially motivated to publish a negative story that would get more clicks, Binance claimed the Journal provided little time to respond and then failed to make necessary corrections before and after publication.

Private equity firm EQT AB is reportedly exploring a sale of SUSE that could value the open-source Linux pioneer at up to $6 billion, roughly doubling the valuation since EQT took the company private in 2023. Reuters reports: EQT "has hired investment bank Arma Partners to sound out a group of private equity investors for a possible sale of the company, said the sources, who requested anonymity to discuss confidential matters. The deliberations are at "an early stage and there is no certainty that EQT will proceed with "a transaction, the sources said. [...] The potential deal comes amid a broader selloff in software stocks, which has disrupted mergers and acquisitions activity. Investors are "concerned that new artificial intelligence tools could displace many existing software products, weighing on technology "valuations and making deals harder to price.

Some investors, however, see Luxembourg-headquartered SUSE as a potential beneficiary of AI adoption, arguing that demand for enterprise-grade infrastructure software is likely to grow as companies build and deploy more AI applications. The company generates about $800 million in revenue and more than $250 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) and could fetch between $4 billion and $6 billion in a sale, the sources said.

Live Nation reached a settlement with the U.S. Department of Justice that avoids breaking up its dominant live events empire with Ticketmaster. Instead, the deal requires changes like "open sourcing" their ticketing model and divesting some venues. NBC News reports: The company and the Justice Department reached a settlement on Monday, following a week of testimony during an antitrust trial that threatened to potentially separate the world's largest live entertainment company. [...] On a background call with reporters Monday, a senior justice official said the deal will drive down prices by giving both artists and consumers more choice.

As part of the agreement, Ticketmaster will provide a standalone ticketing system that will allow third-party companies like SeatGeek and StubHub to offer primary tickets through the platform. The senior justice official described it as "open sourcing" their ticketing model. The company will also divest up to 13 amphitheaters and reserve 50% of tickets for nonexclusive venues. Ticketmaster is also prohibited from retaliating against a venue that selects another primary ticket distributor, among other requirements. Although a group of states have joined the DOJ in signing the agreement, other states can continue to press their own claims.

In a tweet that's been viewed 1.3 million times in the last six hours, OpenAI's head of robotics announced their resignation. They said they "care deeply about the Robotics team and the work we built together," so this "wasn't an easy call," but offered this reason for resigning: AI has an important role in national security. But surveillance of Americans without judicial oversight and lethal autonomy without human authorization are lines that deserved more deliberation than they got.

This was about principle, not people. I have deep respect for Sam and the team, and I'm proud of what we built together.
"To be clear, my issue is that the announcement was rushed without the guardrails defined," explains a later tweet. "It's a governance concern first and foremost. These are too important for deals or announcements to be rushed." And when asked how many OpenAI employees had left after OpenAI signed their new Pentagon deal, the roboticist said... "I can't share any internal details."

The roboticist previously worked at Meta before leaving to join OpenAI in late 2024, reports Engadget: OpenAI confirmed Kalinowski's resignation and said in a statement to Engadget that the company understands people have "strong views" about these issues and will continue to engage in discussions with relevant parties. The company also explained in the statement that it doesn't support the issues that Kalinowski brought up. "We believe our agreement with the Pentagon creates a workable path for responsible national security uses of AI while making clear our red lines: no domestic surveillance and no autonomous weapons," the OpenAI statement read.

Smart ring maker Oura has acquired Doublepoint, a Finnish startup specializing in gesture recognition technology for wearables. Engadget reports: The Finnish startup uses smartwatches and wristbands as examples of products that benefit from its technology, but Oura will clearly be looking to incorporate it into its rings, in theory allowing you to control your connected devices with hand movements.

Oura said in a press release that the deal sees it inherit an "exceptional team of AI architects and builders from Doublepoint," including Doublepoint's four founders. The newly-acquired company will remain in its native Helsinki, where it will work with Oura's international teams.

It added that Doublepoint's expertise in helping devices register subtle hand movements will be key, as nobody wearing a smart ring is going to engage with gesture control if they have to thrash their hand around like a conductor.