Thomson Reuters reports Reuters News Q4 revenue rose 11% YoY to $220M, driven mainly by generative AI licensing, and adjusted EBITDA grew 56% YoY to $61M

TikTok has joined Meta in challenging the European Union's Digital Services Act (DSA) in the General Court, arguing that the levy is unfair as some companies are not required to pay anything. Meanwhile, Meta is obligated to pay €11M of the €45M total. In other news, the US has announced that OpenAI, Anthropic, Microsoft, Meta, Google, Apple, Amazon, Nvidia, Palantir, and over 200 other companies are joining the newly formed AI Safety Institute Consortium.

In the cryptocurrency sector, Bakkt, a New York Stock Exchange-listed crypto trading platform backed by the Intercontinental Exchange, has issued a warning in its SEC filing. The company has expressed concerns about its ability to continue operations in the coming year.

Key takeaways

TikTok has joined Meta in challenging the EU's DSA in the General Court, arguing that the levy is unfair as some firms pay nothing.
Meta is required to pay €11M of the €45M total.
The US has announced that OpenAI, Anthropic, Microsoft, Meta, Google, Apple, Amazon, Nvidia, Palantir, and over 200 others are joining the new AI Safety Institute Consortium.
Bakkt, a NYSE-listed crypto trading platform backed by the Intercontinental Exchange, has warned in an SEC filing that it might not be able to stay in business in a year.

Thomson Reuters reports Reuters News Q4 revenue rose 11% YoY to $220M, driven mainly by generative AI licensing, and adjusted EBITDA grew 56% YoY to $61M

Key takeaways

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