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MrBeast’s Beast Industries to Buy Gen Z–Focused Banking AppExclusive

MrBeast’s Beast Industries to Buy Gen Z–Focused Banking App

Beast Industries, the entertainment conglomerate founded by Jimmy “MrBeast” Donaldson, has agreed to buy Step Mobile, a teen-focused banking app, the companies plan to announce Monday. The acquisition will expand the YouTube star’s reach beyond media, restaurants and packaged food into financial services. Founded in 2018, Step Mobile runs an app that offers a federally insured bank account without fees and a secured Visa card that helps individuals establish credit before they turn 18....

Alphabet Reportedly Set for $20 Billion US Bond Sale

The tech industry has increasingly turned to debt financing to fund exploding spending on data centers and chips.

Workday Co-Founder Returns to CEO Role as AI Fears Mount

Aneel Bhusri, who co-founded Workday in 2005 and stepped down as co-CEO two years ago, is returning to lead the enterprise software firm.

OpenAI Launches ChatGPT Ads

The company said it will add other formats over time but would prevent “narrow ads targeting.”

Databricks Raises $7 Billion in New Funds

The fundraising effort shows the company has been able to continue to tap the private markets ahead of a widely anticipated initial public offering.

Uber Does Deal With Getir to Expand in Turkey

The deal comes nine months after Uber bought another Turkish delivery service, Trendyol.

SpaceX Shifts Focus to Building Moon City, Musk Says

Musk’s comments come days after he pitched the idea of operating data centers in space.

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ByteDance’s Seedance 2.0 Video Model Generates Buzz

The new model shows how Chinese companies are playing central roles in the global AI video market.

Crypto Exchange Bithumb Mistakenly Sent $44 Billion Bitcoin to Users

South Korean platform Bithumb said it has recovered 99.7% of the bitcoin.

Microsoft Commercial CEO Responds to Potential OpenAI Competition

The response shows how seriously established software providers are taking new AI products.

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Palmer Luckey’s Erebor Bank Got Full Charter Approval 

Erebor Bank aims to fill the hole left by Silicon Valley Bank. 

European Commission: TikTok’s ‘Addictive Design’ Breaches DMA

TikTok needs to “change the basic design of its service,” such as by disabling infinite scroll and implementing better screen time management tools, the Commission said.

Alibaba Battles for Chinese AI Users With $432 Million Holiday Campaign

This year, AI is at the center of Chinese tech giants’ battle to win over consumers during the Lunar New Year holiday.

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OpenAI Reveals Frontier, an AI Agent Platform for Businesses

The company will also hire hundreds of AI consultants to support enterprise adoption of AI

Anthropic Releases New AI, Hurting Financial Services Stocks

Anthropic said its new AI would be better for tasks like financial analysis and creating spreadsheets and presentations.
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