Omnicom's DM9 returned three Cannes awards after a North Carolina state senator and CNN Brazil found DM9 used AI to manipulate their content and used it for ads
Emmanuel Felton / Washington Post :
California Governor Gavin Newsom vetoes SB 771, which would've fined social media companies up to $1M if their algorithms promoted violent or extremist content
To the Members of the California State Senate: I am returning Senate Bill 771 without my signature. Sophia Bollag / GovTech : California Governor Signs New Artificial Intelligence Laws Anabel Sosa / S...
Online loans marketplace LendingTree says CEO and Chairman Doug Lebda died at 55 in an ATV accident on his family's farm; Lebda founded LendingTree in 1996
all on the same stage Times of India : Doug Lebda dies: LendingTree CEO and founder pases away in ATV accident; company shares drop by 4% Associated Press : LendingTree CEO and founder Doug Lebda dies...
Connecticut-based Amphenol plans to acquire North Carolina-based CommScope's broadband connectivity and cable unit for ~$10.5B, including debt, amid the AI boom
Maker of interconnect products is buying CommScope's broadband connectivity and cable unit — Amphenol said it would buy …
North Carolina-based Eton Solutions, which offers wealth management ERP tools for single- and multifamily offices, raised a $58M Series C led by Navis Capital
Ryan Lawler / Axios :
Wolfspeed, a North Carolina-based chipmaker for EVs, says it made a deal to cut its almost $6.5B debt in a bankruptcy package that nearly wipes out shareholders
Sujeet Indap / Financial Times :
Amazon plans to invest $20B+ in Pennsylvania to expand data center infrastructure, less than a week after announcing it would invest $10B in North Carolina
with data centers in tow Pari Shukla / The Crypto Times : Amazon Commits $20B to Boost AI Infrastructure in Pennsylvania Tyler Durden / ZeroHedge News : Amazon To Invest $20 Billion In Pennsylvania To...
TPG and Corpay agree to acquire North Carolina-based payment processing software provider AvidXchange for $2.2B, with Corpay investing ~$500M for a 33% stake
The US awards $750M to Wolfspeed, which makes EV chips, alongside $750M in financing led by Apollo to build new $6B+ factories in North Carolina and New York
Bloomberg :
As Meta proudly unveils AI tools, Facebook users find feeds clogged with AI junk, even when Facebook is needed as a civic resource to coordinate disaster relief
by which they mean there are no instances of deep fakes of candidates themselves or voting-related activities. It has been a weird coverage cycle. Mark Little / @marklittlenews : A big concern at the...