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UK, US Said to Hold Talks in Bid to Resolve Apple Encryption Feud
British officials privately met with US counterparts to address concerns about the UK pressuring Apple Inc. to create a backdoor for accessing Americans' encrypted data. These talks followed Apple's removal of its advanced encryption feature for cloud data in the UK, following a directive by authorities there requesting encryption circumvention to ...
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Pokemon Go Owner Niantic Sells Gaming Business to Saudi Group for $3.5 Billion
Scopely has agreed to buy Niantic’s gaming business. The Niantic games business generated more than $1 billion (roughly Rs. 8,702 crore) in revenue from 30 million monthly active users last year, Scopely said.
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Microsoft’s $13 Billion OpenAI Tie-Up Cleared by UK's Competition and Markets Authority
UK's Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The decision, after around 14 months of scrutiny, removes one UK regulatory uncertainty for Microsoft, which faces a continued investigation into its cloud service offerings.
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Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,008 crore) worth of tokens. The Dubai-headquartered platform, which is not available in the US, had roughly $16.2 billion (roughly Rs. 1,40,489 crore) in assets on its exchange prior to being hacked.
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Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Sam Altman Says 'No Thank You'
Elon Musk-led group of investors offered to purchase OpenAI's non-profit parent firm for $97.4 billion (roughly Rs. 8,46,576 crore). In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion (roughly Rs. 8,46,576 crore) if you want.
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US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
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Microsoft Probing If DeepSeek-Linked Group Improperly Obtained OpenAI Data
Microsoft and OpeAI are checking if data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to DeepSeek. David Sacks, President Donald Trump’s artificial intelligence czar, said Tuesday there’s “substantial evidence” that DeepSeek leaned on the output of OpenAI’s models to help develop its own techn...
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Microsoft-OpenAI Partnership Raises Antitrust Concerns, FTC Says
The FTC has said Microsoft’s deal with OpenAI, as well as Amazon.com and Google’s partnerships with AI company Anthropic, raise the risk that AI developers could be “fully acquired” by the tech giants in the future.
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WhatsApp Targeted by Russian Hackers Seeking Data on Ukraine
Attackers associated with Russia’s Federal Security Service, or FSB, sent emails to specific targets asking them to join WhatsApp groups, Microsoft researchers said in a blog post Thursday.
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Nothing Said to Raise Funding, Crosses $1 Billion in Lifetime Sales
Nothing is seeking to raise at least $100 million in funding to expand its operations, according to people with knowledge of the matter. The startup is run by Carl Pei, one of the creators of OnePlus, a popular China-based phone maker.
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Apple Faces Claims of Making ‘Exorbitant Profits’ at UK Trial
Apple Inc. will defend allegations that it made “exorbitant profits” by using its App Store in the UK. Users have not suffered any loss as Apple’s conduct is lawful and its commissions are reasonable and fair, Apple’s lawyers will argue during the seven week trial.
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Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics
India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing. A final decision on the proposals will be made by the cabinet, and if approved, details may be announced in the government’s upcoming budget in February, people familiar with the matter said.
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Crypto Brokerage FalconX Buys Derivatives Startup Arbelos Markets
FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix of cash and FalconX stock, according to people familiar with the deal, who asked not to be identified because the discussions were private.
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Nvidia Supplier Ibiden Weighs Faster Expansion for AI Demand
Ibiden is building a new substrate factory in Gifu prefecture, central Japan, expected to go online at 25 percent production capacity around the last quarter of 2025 before reaching 50 percent by March 2026. The company is in talks about when to get the remaining 50 percent capacity online.
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Honda Crafts Nissan Rescue Plan That Plays Out Over Years
While their executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors. Nissan’s partner Mitsubishi Motors may also participate in the deal.
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UK, US Said to Hold Talks in Bid to Resolve Apple Encryption Feud
British officials privately met with US counterparts to address concerns about the UK pressuring Apple Inc. to create a backdoor for accessing Americans' encrypted data. These talks followed Apple's removal of its advanced encryption feature for cloud data in the UK, following a directive by authorities there requesting encryption circumvention to ...
-
Pokemon Go Owner Niantic Sells Gaming Business to Saudi Group for $3.5 Billion
Scopely has agreed to buy Niantic’s gaming business. The Niantic games business generated more than $1 billion (roughly Rs. 8,702 crore) in revenue from 30 million monthly active users last year, Scopely said.
-
Microsoft’s $13 Billion OpenAI Tie-Up Cleared by UK's Competition and Markets Authority
UK's Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The decision, after around 14 months of scrutiny, removes one UK regulatory uncertainty for Microsoft, which faces a continued investigation into its cloud service offerings.
-
Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,008 crore) worth of tokens. The Dubai-headquartered platform, which is not available in the US, had roughly $16.2 billion (roughly Rs. 1,40,489 crore) in assets on its exchange prior to being hacked.
-
Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Sam Altman Says 'No Thank You'
Elon Musk-led group of investors offered to purchase OpenAI's non-profit parent firm for $97.4 billion (roughly Rs. 8,46,576 crore). In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion (roughly Rs. 8,46,576 crore) if you want.
-
US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
-
Microsoft Probing If DeepSeek-Linked Group Improperly Obtained OpenAI Data
Microsoft and OpeAI are checking if data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to DeepSeek. David Sacks, President Donald Trump’s artificial intelligence czar, said Tuesday there’s “substantial evidence” that DeepSeek leaned on the output of OpenAI’s models to help develop its own techn...
-
Microsoft-OpenAI Partnership Raises Antitrust Concerns, FTC Says
The FTC has said Microsoft’s deal with OpenAI, as well as Amazon.com and Google’s partnerships with AI company Anthropic, raise the risk that AI developers could be “fully acquired” by the tech giants in the future.
-
WhatsApp Targeted by Russian Hackers Seeking Data on Ukraine
Attackers associated with Russia’s Federal Security Service, or FSB, sent emails to specific targets asking them to join WhatsApp groups, Microsoft researchers said in a blog post Thursday.
-
Nothing Said to Raise Funding, Crosses $1 Billion in Lifetime Sales
Nothing is seeking to raise at least $100 million in funding to expand its operations, according to people with knowledge of the matter. The startup is run by Carl Pei, one of the creators of OnePlus, a popular China-based phone maker.
-
Apple Faces Claims of Making ‘Exorbitant Profits’ at UK Trial
Apple Inc. will defend allegations that it made “exorbitant profits” by using its App Store in the UK. Users have not suffered any loss as Apple’s conduct is lawful and its commissions are reasonable and fair, Apple’s lawyers will argue during the seven week trial.
-
Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics
India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing. A final decision on the proposals will be made by the cabinet, and if approved, details may be announced in the government’s upcoming budget in February, people familiar with the matter said.
-
Crypto Brokerage FalconX Buys Derivatives Startup Arbelos Markets
FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix of cash and FalconX stock, according to people familiar with the deal, who asked not to be identified because the discussions were private.
-
Nvidia Supplier Ibiden Weighs Faster Expansion for AI Demand
Ibiden is building a new substrate factory in Gifu prefecture, central Japan, expected to go online at 25 percent production capacity around the last quarter of 2025 before reaching 50 percent by March 2026. The company is in talks about when to get the remaining 50 percent capacity online.
-
Honda Crafts Nissan Rescue Plan That Plays Out Over Years
While their executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors. Nissan’s partner Mitsubishi Motors may also participate in the deal.
