In Brief

French newspapers want social media platform X to pay for news reuse

It’s rare when French newspapers team up and agree on something. But major publications, such as Le Monde, Le Figaro and Le Parisien have collectively decided to take legal action against X over neighboring rights, according to a statement sent to Reuters and the AFP. Under EU law, digital platforms are required to negotiate with

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Block scales back TIDAL investment and shutters TBD in favor of Bitcoin mining

Jack Dorsey’s Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on Thursday. Block is also shutting down TBD, a Bitcoin-focused arm of the business that previously set out to build a decentralized internet, dubbed “Web5.” These cuts will free up the company

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Crypto CEO kidnapped in Toronto, released after paying $1M ransom

The CEO of Canadian cryptocurrency firm WonderFi was kidnapped and held for ransom on Wednesday, according to CBC. Dean Skurka was reportedly shoved into a vehicle in downtown Toronto during rush hour, only to be released uninjured after electronically sending $1 million (presumably CAD) to his captors. The WonderFi CEO is the latest crypto celebrity

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AI-powered parenting is here and a16z is ready to back it 

AI wants to help us drive better, write better, and diagnose diseases faster. Now imagine AI helping you be a better parent.  Andreessen Horowitz partner Justine Moore introduced a new investment thesis for the firm on X on Thursday, endorsing “a new wave of ‘parenting co-pilots’ built with LLMs and agents.” She pointed to companies

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Australia looks to ban social media for kids under age 16

Australian Prime Minister Anthony Albanese on Wednesday announced plans in the country to ban social media for children under 16, saying that “social media is doing harm to our kids, and I’m calling time on it.” The proposed legislation will enter parliament this year, taking effect a year after lawmakers ratify it, said Albanese, adding

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