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📬 Twitter to X: Banking Imminent? - As Twitter transitions to 'X', CEO Linda Yaccarino unveils hints of introducing...

📬 Twitter to X: Banking Imminent? - As Twitter transitions to 'X', CEO Linda Yaccarino unveils hints of introducing...

Twitter to X: Banking? | Spotify Increase Prices | TikTok Unveils Ad Transparency Tools

Kristoffer Lindström
July 25, 2023

Hey there!

Today is Thursday, July 25th! I hope you're having a fantastic day so far. Let's dive into the latest and greatest tech news buzzing around in the past 24 hours. Here are the top headlines:

Twitter to X: Banking Imminent?
Spotify Premium Price to Increase
Stability AI Introduces FreeWilly Models
Google Loses $338.7M Patent Case
TikTok Unveils Ad Transparency Tools
and more...

READ TIME: 3.5 MINUTES

🌐 Tech Companies

Twitter to X: Banking Imminent? (4-minute read)

As Twitter transitions to 'X', CEO Linda Yaccarino unveils hints of introducing payments and banking features, indicating a possible foray into fintech. In a memo, she suggests that such features may play a significant role in the company's future, fulfilling Musk's vision of transforming Twitter into a multifaceted platform offering a variety of services.

TikTok Unveils Ad Transparency Tools (3-minute read)

TikTok has introduced a Commercial Content Library, providing enhanced transparency for its paid advertising. The freely accessible global tool allows marketers to analyze the parameters of ad campaigns, including creative content, run dates, targeted demographics, and reach. This initiative, including a Commercial Content API, aims to improve campaign performance, strategy, and ROI.

TikTok Introduces Text Posts (2-minute read)

TikTok has introduced text-based posts with features akin to Instagram Stories. As microblogging platforms proliferate, TikTok's move is a fascinating twist on the platform's video-dominated content, potentially competing with Twitter alternatives.

Google Loses $338.7M Patent Case (3-minute read)

A Texas federal jury has ruled that Google violated Touchstream Technologies' patents related to video streaming from one screen to another, awarding Touchstream $338.7 million in damages. Google plans to appeal the verdict.

🚀 Startup Scene

OneTrust Secures $150M, Trims Valuation (3-minute read)

OneTrust, an Atlanta-based privacy and security startup, has raised $150 million in a down round led by Generation Investment Management, which values the company at $4.5 billion, marking a 12% drop from its previous $5.1 billion valuation.

Bunq Seals $49M for Expansion (3-minute read)

European neobank Bunq has raised $49 million, bolstering its 2023 total to approximately $111 million. This funding will facilitate international growth and further solidify its position as the EU's second-largest neobank.

🤖 AI Corner

OpenAI Shelves AI Detection Tool (4-minute read)

OpenAI, a leading figure in artificial intelligence, has discontinued its AI detection tool, AI Classifier, due to its low accuracy rate. The tool, intended to distinguish between human and AI-generated text, proved unreliable, particularly on text with fewer than 1,000 characters. OpenAI is actively researching more effective provenance techniques and remains committed to developing mechanisms that enable users to understand if content is AI-generated.

Stability AI Introduces FreeWilly Models (5-minute read)

Stability AI, recognized for the Stable Diffusion image generation AI, recently unveiled two large language models (LLMs), FreeWilly1 and FreeWilly2. These models, based on Meta's LLaMA models, were trained on a new, smaller dataset incorporating synthetic data. Designed to excel in complex reasoning and specialized fields such as law and mathematics, the models are available under a non-commercial license and trained on fewer data points for reduced environmental impact.

💰´Markets & Money

Dow's Winning Streak Continues Pre-Tech Earnings (4-minute read)

The Dow Jones Industrial Average marked its 11th consecutive gain as investors anticipate significant tech earnings this week. Tech giants Alphabet and Microsoft report late Tuesday, with Facebook's parent company, Meta, reporting late Wednesday. These results will allow traders to gauge the momentum of the current tech rally. Investors also await another potential 25-basis point rate hike from the Fed at Wednesday's policy meeting.

Tencent Acquires Dying Light's Techland (2-minute read)

Tencent is set to acquire Techland, the Polish studio renowned for its zombie survival games like Dying Light and Dead Island. This move comes amid internal struggles at Techland, with the CEO expressing optimism for the future under Tencent's wing.

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