News list for " Informed"
On February 24th, in response to the recent online rumors that "Huawei's nearly 300-person team has settled in Avita; Avita Technology has completed the trademark registration of'Tower World 'and may become another'World' cooperative brand of Hongmeng Zhixing." and other rumors, Huawei insiders said: The so-called Avita registration of "Tower World" has nothing to do with Hongmeng Zhixing.
According to people familiar with the matter, the US Marshals Service (USMS) is unable to confirm the amount of bitcoin it currently holds, or even give a rough estimate. This management flaw could affect the US government's plan to build a crypto reserve, proposed by White House crypto director David Sacks, which could change the way the government handles seized crypto assets and could even involve the purchase of cryptocurrencies. At present, the USMS still relies on Excel records and manual ...
The European Union will accuse Google of violating the Digital Markets Act, which has been under investigation by the European Union since March last year, according to people familiar with the matter. An investigation is understood to focus on whether Google favors its vertical search engines, such as Google Shopping, Google Flights and Google Hotels, and whether it discriminates against third-party services in its search results. The pending charges by the European Union are related to the iss...
According to Fox News correspondent Eleanor Terrett, the Securities Exchange Commission (SEC) is currently showing a "high level of interest" in the cryptocurrency pledge business and has asked industry insiders for details on the different types of pledges and their advantages. Last week, SEC trading and markets staff participated in a pledge-themed webinar. At the same time, the SEC has confirmed receipt of a 19b-4 filing from the Chicago Board Options Exchange (Cboe) seeking to add funds to t...
Elon Musk's social media company X is in talks with investors to raise money at a valuation of $44 billion, the same price Musk paid to buy the company in 2022, according to people familiar with the matter. The round of financing will be a major turnaround for the social media giant after Musk's acquisitions and reforms caused many users and advertisers to flee. Talks for a new round of X financing are still ongoing and details could change, the people said. Due to the involvement of private...
On February 19, sources familiar with the matter revealed that robot AI startup Field AI is currently in talks to raise hundreds of millions of dollars at a valuation of $2 billion. This would quadruple the company's valuation, which investors including Nvidia valued at $500 million last summer.
On February 18, three people familiar with the matter said that Michelle King, the acting director of the US Social Security Administration, left her job over the weekend due to a conflict between her and Musk's DOGE team over attempts to obtain sensitive government records. King, who has worked at the agency for decades, was named acting director last month.
The Department of Government Effectiveness (DOGE), led by Musk, is seeking access to the IRS system, which includes detailed financial information for every taxpayer, business and nonprofit in the United States, according to two people familiar with the matter, raising deep concerns within the IRS. Under pressure from the White House, the IRS is considering signing a memorandum of understanding that would allow Department of Government Effectiveness officials broad access to the tax agency's sys...
After spending $5.60 billion in cash last year, Anthropic said it would cut that by nearly half by 2025 and expects to make as much as $3.70 billion this year as it catches up with OpenAI, two people familiar with the matter said. Anthropic also expects its revenue to grow to $34.50 billion by 2027.
Musk's X Company, formerly known as Twitter, has agreed to pay about $10 million to settle Trump's lawsuit against the company and its former chief executive, according to people familiar with the matter. This will make X Company the second social media outlet to reach a settlement with Trump. Previously, these platforms suspended the use of Trump's account due to the "January 6" riots at the Capitol. Trump and other...
According to FOX Business reporter Eleanor Terrett, two people familiar with the matter said that Trump has selected a permanent head of the CFTC, and a16z crypto policy director and former CFTC commissioner Brian Quintenz is at the top of the list. The White House did not immediately respond to a request for comment.
On February 11, according to The Information, citing people familiar with the matter, the payment service provider Stripe is considering arranging a round of employee stock sale plan, which will value the company at $85 billion or more. This will continue the company's previous share buybacks, secondary market transactions and financing activities, bringing its valuation close to the historical peak of $95 billion set in 2021. These financing activities allow the 15-year-old company to delay the...
Receipts Depositary Corp. (RDC), a start-up founded by a group of former Citigroup executives, is planning to launch XRP-backed securities, which will give institutions access to XRP securities through a regulated U.S. market infrastructure, according to people familiar with the matter. The company will offer depositary receipts, similar to American Depositary Receipts (ADRs), representing foreign shares in U.S. bourse. The product will only be offered to qualified institutional buyers through t...
President Trump has informed Republican lawmakers that he plans to announce reciprocal tariffs as early as Friday. The White House did not respond to a request for comment after Mr. Trump promised on the campaign trail to impose reciprocal tariffs on US imports equal to what trading partners pay on US exports.
On February 7th, according to the "Washington Post" report, people familiar with the matter revealed that British security officials have asked Apple to establish a "backdoor" to allow the government to obtain all content uploaded to iCloud by users. The British Home Office has issued a "Technical Capability Notice" to Apple, requiring it to provide relevant access rights. According to the report, Apple may choose to stop providing encrypted storage services in the UK rather than violate its sec...
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