In other news, a class action lawsuit against Stability, Runway, and DeviantArt over AI copyright issues is moving forward, fintech Tally is shutting down, and the SEC is suing crypto startup NovaTech for fraud. The article also mentions Waymo's plans to test autonomous vehicles in San Francisco, Google Pixel 8 devices being produced in India, and Apple's threat to remove Patreon from the App Store over billing issues.
Key takeaways:
- John Herrman at NYMag discusses the use of AI for summarizing content, highlighting that the summaries produced by AI are not always useful or accurate.
- Elon Musk and Donald Trump's joint X Spaces appears to have crashed on a Monday afternoon.
- Antler, a Singapore VC, has closed its second Southeast Asia fund, raising $72 million for early-stage investments in Singapore, Indonesia, and Vietnam.
- The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors.