Google's Biggest Startup Acquisition Ever 🍭

Today’s Menu 🥠

• Google's Biggest Startup Acquisition Ever

• Amazon's AI Assistant Rolls Out To US

• EU's Anti-AI Act Effective In 17 Days

• Everything Else You Need To Know

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Fast Snacks 🥡

Tech Leaders Condemn Violence Against Trump
The CEOs of Apple, Google, Microsoft, and Meta all posted comments over the weekend wishing for Trump’s recovery and criticizing the use of violence…

Elon Musk Is Officially Backing Donald Trump
Following attempted assassination of Trump in Pennsylvania, Musk gave his endorsement to the former president and donated a “sizable amount” to a political group supporting him…

Artist Protection
Google Planning Its Biggest Startup Acquisition Ever

Google is considering a $23 billion purchase of Wiz, a cloud cybersecurity startup — nearly twice what Google spent on Motorola Mobility in 2012.

Wiz is based in New York City and offers enterprise security tools and scanners.

The deal, driven by Google Cloud boss Thomas Kurian, would enhance Google's cloud security capabilities amid rising competition and security concerns.

However, the acquisition will probably face regulatory scrutiny from US antitrust authorities.

Improved Somewhat
Amazon’s AI Shopping Assistant Rolls Out To US

Amazon's AI shopping assistant, Rufus, is now available to all US users on Amazon's mobile app.

Not much has changed, but for those who missed it, Rufus can answer product-related questions, compare items, and provide order updates.

It launched in February to a limited audience, and now all US-based shoppers can ask Rufus general questions, including those about US elections.

The assistant is still in beta as Amazon is still refining its guardrails.

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Feed The Machine
The Countdown To EU’s AI Act Compliance Begins

The AI Act brings a comprehensive number of regulations to the EU, and sets several compliance deadlines for tech companies.

Effective from August 1, 2024, the law bans AI uses that threaten citizens' rights, like biometric categorization and predictive policing.

By February 2025, these banned applications must be phased out completely.

By August 2025, general-purpose AI systems must comply with copyright and transparency requirements.

If companies do not comply, they’ll face hefty fines — with the highest penalty set at €35 million or 7% of global annual revenue

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Everything Else You Need To Know

AT&T Pays Hacker To Delete Data: AT&T reportedly paid a hacker $370,000 to delete stolen customer data, negotiating through an intermediary.

Apple Approves First PC Emulator: Apple has approved UTM SE, the first PC emulator for iOS, allowing users to run classic software and games from Windows, Mac OS 9, and Linux on their iPhones.

Intel CPUs Show High Failure Rates: Alderon Games claims Intel’s 13th and 14th Gen CPUs have a "nearly 100 percent failure rate" causing crashes and data corruption, urging server operators to switch to AMD.

EU Rules X’s Blue Checkmarks Are Deceptive: The EU has warned X that its blue checkmark verification system is deceptive and violates the Digital Services Act, potentially leading to significant fines.

Drone Photographer Pleads Guilty To Espionage: Chinese graduate student Fengyun Shi pleaded guilty to violating the Espionage Act for photographing US Navy ships with a drone, marking the first prosecution under this WWII-era statute.

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DeWalt Drops Beauty Product Line