Investing

Canada approved the Online News Act earlier this month, requiring companies to pay news publishers to link to their content.

Mustafa Suleyman’s chatbot startup Inflection AI is now valued at $4 billion, backed by Microsoft, Nvidia and tech billionaires Reid Hoffman, Bill Gates and Eric Schmidt.

COO Ashwani Gupta resigned from the company earlier this month, with reports suggesting he had an internal conflict with CEO Makato Uchida.

Tim Reynolds, one of the founders of quant firm Jane Street Capital, which now trades trillions of dollars’ worth of securities annually, stepped back from the company more than a decade ago to concentrate on building art schools and private resorts to support them in some of the world’s most beautiful but economically challenged locations.

Apple followed through on threats from earlier in the month to remove Damus from its App Store.

Social media is not “protecting us from false generative AI,” Eric Schmidt said Monday.

A new biotech incubator in Melbourne, the Jumar Bioincubator, operated by Cicada Innovations, has put a call-out to early stage start-ups looking to scale their ventures.

“Twitter appears to have dropped the ball on tackling hate. A third of all complaints about online hate reported to us are now happening on Twitter,” Australia’s eSafety commissioner said.

In 2018, David Lochridge found that the submersible had been severely undertested and its porthole was only certified to withstand a fraction of the pressure it would experience on a Titanic dive.

Rodrigo Pizarro, the current chief executive of L’Oréal Groupe’s Australian and New Zealand arm will move to a new role within the company, and the company’s Greece CEO, Alex Davison, will assume his role.