Reuters:
Alibaba and its US payment processor AUS agree to pay $600M to resolve DOJ allegations that they failed to prevent illegal sales of drugs and other products  —  Chinese technology and e-commerce giant Alibaba (9988.HK) and its U.S.-based payment processor have agreed to pay $600 million …

Echo Wang / Reuters:
Sources: SoftBank has reopened talks for a $10B loan backed by its OpenAI stake and is offering to guarantee repayment if OpenAI collateral proves insufficient  —  SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI …

Sony's decision to stop producing video game discs could have an impact on all players, even those who only buy digitally.

Elon Musk says a report about a SpaceX AI phone prototype is "utterly false." The report, published on Wednesday by The Wall Street Journal, says SpaceX showed off a "handset-like prototype" to some investors before launching its record-breaking initial public offering in June. The device was "slimmer than an iPhone," and they were told it […]

SpaceX showed investors a prototype of a handset-like AI device before its record IPO, according to The Wall Street Journal. The prototype is reportedly slimmer than an iPhone, runs on a proprietary operating system, integrates technology from xAI, and uses a Qualcomm Snapdragon chipset. Elon Musk has denied the report, calling it “utterly false” on […]

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