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TECH

GOP Senators agree to change a provision in the tax bill from a 10-year ban on state AI regulation to a 5-year ban with carve outs for issues such as copyrights (Bloomberg)

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TECH

Big Fund III, China’s main chip fund that has secured only a part of its $48B goal, plans to focus on key shortcomings in lithography and EDA software (Bloomberg)

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TECH

Meta is in advanced talks to buy PlayAI, which uses AI to replicate voices for interfaces that are as “responsive as a conversation between two people” (Bloomberg)

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TECH

The Senate parliamentarian rules that a Republican effort blocking US states from enforcing AI laws for 10 years will remain in Trump’s One Big Beautiful Bill (Bloomberg)

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TECH

In March, New York added a checkbox to its WARN system for companies to show if “technological innovation or automation”, like AI, was a reason for mass layoffs (Bloomberg)

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TECH

the global influencer marketing industry is projected to grow 36% between 2024 and 2025, reaching $33B, as brands tighten overall ad budgets (Bloomberg)

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TECH

Interviews with executives at Yahoo News, the WSJ, and Bloomberg about adding AI-powered summaries, how they can help busy readers, reliability issues, and more (Sarah Scire/Nieman Lab)

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BUSINESS

UBS faces $26B in capital requirements from Swiss bank reforms, Bloomberg says

UBS (UBS) is facing as much as $26B in capital requirements to be phased over the next decade under banking…

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BUSINESS

Yale nears deal to sell $2.5 billion of private equity stakes, Bloomberg News reports

(Reuters) -Yale University is finalizing the sale of up to $2.5 billion of its private equity and venture capital assets,…

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TECH

Elon Musk is selling $5B in debt for xAI at a double-digit interest rate, with demand already exceeding $3.5B (Bloomberg)

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