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The Race to Buy TikTok Is On—but There Might Not Be a Winner
26 May

The Race to Buy TikTok Is On—but There Might Not Be a Winner

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This has done little to deter a growing list of other business moguls who have also expressed interest in acquiring the app, which has been under government scrutiny in the US for four years over alleged national security concerns stemming from its Chinese ownership. One of them is former Treasury secretary Steven Mnuchin, who said earlier this week he too was assembling a group of investors to make a bid for TikTok. He first hinted about the plan in March before the divestiture bill passed into law.Mnuchin told Bloomberg he understands that the Chinese government is unlikely to allow ByteDance…
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When the crowd leaves Trump’s hush-money trial, the judge spends his day in a very different kind of court
26 May

When the crowd leaves Trump’s hush-money trial, the judge spends his day in a very different kind of court

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For the past six weeks, the person in the chair has been the former president of the United States.It is padded and made from weathered leather. The former president, who is also the presumptive Republican nominee in the next presidential election, makes himself comfortable.He is flanked by a team of lawyers. Behind him are politicians from Washington, DC, paying fealty. Behind them, rows and rows of journalists sit for hours in hard, weathered wooden benches, shifting in their seats for a better look.But on this day, a Wednesday, the chair was filled with a succession of anxious New Yorkers who…
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Craig Wright Lied About Creating Bitcoin and Faked Evidence, Judge Rules
26 May

Craig Wright Lied About Creating Bitcoin and Faked Evidence, Judge Rules

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“We’ve seen a cascading effect from the pronouncement on a host of other litigations globally,” says Grewal. “For people outside of crypto, [all this] might sound cartoonish. But with Wright’s claims falling by the wayside, the community can exhale. We think it’s a real win.”The ruling has also had implications for Bitcoin Satoshi Vision, or BSV, a separate cryptocurrency network created by Wright in 2018. The idea for BSV is to cleave “as closely as possible to Satoshi’s original design,” as the website describes it. In the days after the judge ruled that Wright is not Satoshi, the price of…
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Trump’s many controversies make legal claims against ‘The Apprentice’ film hard to prove, entertainment lawyer says
26 May

Trump’s many controversies make legal claims against ‘The Apprentice’ film hard to prove, entertainment lawyer says

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Donald Trump has an abundance of legal battles to worry about, but his most recent fight is one he's starting himself.In a cease-and-desist letter obtained by Business Insider's Jacob Shamsian on Friday, Trump's lawyers railed against "The Apprentice," an independently produced movie that premiered this week at the Cannes Film Festival.His attorneys called the Trump biopic a "libelous farce" in the letter, but an entertainment lawyer who spoke to Business Insider said it's an uphill battle for Trump to prove that's the case — especially if the filmmakers made it clear that the film is not a representation of the…
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Scale AI Raises $1B In Accel-Led Round; Hits $13.8B Valuation
26 May

Scale AI Raises $1B In Accel-Led Round; Hits $13.8B Valuation

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Scale AI raised $1 billion in a round led by Accel that values the data labeling and evaluation startup at a stunning $13.8 billion. The valuation is nearly double the $7.3 billion the San Francisco-based startup hit after a $325 million raise in April 2021. The new financing included some of the biggest names in tech, with Nvidia, Meta and Amazon all investing. Others existing investors participating in the round included Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Tiger Global, Greenoaks Capital and Wellington Management, as well as new investors Cisco Investments, DFJ Growth,…
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Scarlett Johansson Says OpenAI Ripped Off Her Voice for ChatGPT
25 May

Scarlett Johansson Says OpenAI Ripped Off Her Voice for ChatGPT

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Last week OpenAI revealed a new conversational interface for ChatGPT with an expressive, synthetic voice strikingly similar to that of the AI assistant played by Scarlett Johansson in the sci-fi movie Her—only to suddenly disable the new voice over the weekend.On Monday, Johansson issued a statement claiming to have forced that reversal, after her lawyers demanded OpenAI clarify how the new voice was created.Johansson’s statement, relayed to WIRED by her publicist, claims that OpenAI CEO Sam Altman asked her last September to provide ChatGPT’s new voice but that she declined. She describes being astounded to see the company demo a…
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American Airlines fires attorneys who said 9-year-old girl ‘should have known’ she was being recorded in the bathroom
25 May

American Airlines fires attorneys who said 9-year-old girl ‘should have known’ she was being recorded in the bathroom

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American Airlines has new attorneys after previous lawyers said a 9-year-old should have realized she was being recorded in the bathroom by a flight attendant.The airline is facing several lawsuits stemming from criminal charges against Estes Carter Thompson, a former flight attendant accused of filming underage girls by taping his phone to the bathroom toilet seat.Police arrested Thompson after a 14-year-old girl noticed a phone with its camera flashlight turned on in the bathroom on a flight from North Carolina to New York in September 2023, police say. He is facing federal charges of attempted sexual exploitation of children and…
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