Though he officially left the U.S. government in May, Steve Davis — Elon Musk’s low-flying former top lieutenant at the Department of Government Efficiency — continues wielding influence at DOGE, according to the WSJ. The outlet says Davis regularly gives directions to current DOGE officials and has privately dismissed his departure as “fake news.”
Europe’s fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports. The UK-based company is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The US-based firm Greenoaks is said to be leading the round, […]
Launching a U.S.-specific app could be part of the company’s broader plan to comply with a 2024 law requiring ByteDance to divest from TikTok.
TikTok is developing a new version of its app for U.S. users ahead of an expected sale of the app to a group of investors, according to a new report from The Information.
Apple has filed appealed the EU’s decision to fine the company €500 million (about $580 million) for not complying with competition rules.
The main Reuters news account, as well as the Reuters World account, have apparently been inaccessible to X users in India since Saturday evening.
A group known as the Independent Publishers Alliance has filed an antitrust complaint with the European Commission over Google’s AI Overviews, according to Reuters. The complaint accuses Google of “misusing web content for Google’s AI Overviews in Google Search, which have caused, and continue to cause, significant harm to publishers, including news publishers in the […]
Microsoft is closing its operations in Pakistan, marking the end of a 25-year presence in the South Asian nation. The Redmond-based company on Friday told TechCrunch that it is changing its operational model in Pakistan and will now serve its customers through resellers and “other closely located Microsoft offices.” “Our customer agreements and service will […]
The European Union said it will stick to its timeline for rolling out its AI legislation, ignoring calls by tech companies to delay the bloc’s AI rules.
The final bill is largely what emerged from the Senate Finance Committee in mid-June.