Good Evening!
The last thing you’d probably want to deal with on a Friday is a lawsuit from Apple.
Here are the 7 things you missed today:
1. 🤯 Apple is Suing OpenAI Over Trade Secret Theft
This is big. Apple just filed a lawsuit today against OpenAI over allegations of trade secret theft and breach of contract. The iPhone maker alleged the misconduct was a pattern of theft from OpenAI employees who previously worked at Apple and was directed by OpenAI’s senior leadership, including Chief Hardware Officer Tang Tan. (TechCrunch)
2. 🗑️ AI Won't Save You If Your Data Is Garbage
AI amplifies whatever you feed it–which means that bad data = bad decisions.
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3. ✌️ Fidji Simo Stepped Down From Her No.2 Role at OpenAI
OpenAI’s No. 2 executive, Fidji Simo, is stepping down from her full-time role reporting directly to Sam Altman. Simo has been ongoing medical leave for a neuroimmune condition since April, which she says has been longer and harder than expected. She’s transitioning to a part-time advisory role instead. (TechCrunch)
4. ✍️ Marketing Teams Are Publishing More AI Content
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5. 🏭 Nvidia Supplier King Yuan Electronics is Investing up to $1.4Bn in a U.S. Facility
Taiwanese chip-testing company King Yuan Electronics (KYEC) is planning to invest up to $1.4 billion to establish a facility in the United States. KYEC is best known as a supplier to chipmaker Nvidia, and the investment will support operational growth to strengthen its position in the global supply chain. (Reuters)
6. ☁️ Bluesky’s Interim CEO is Now Officially CEO
After Bluesky’s first CEO Jay Graber stepped down in March, investor Toni Schneider took over as the social network’s Interim CEO. Now, according to Schneider, “the interim part of the title is gone.” He also said that the platform is working on “the ability to create smaller spaces and more private communities” in the AT Protocol ecosystem, aka the Atmosphere. (The Verge)
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7. 🤑 SK Hynix Opened on Nasdaq at $170 After Largest U.S. Share Sale by a Foreign Company
South Korean chipmaker SY Hynix listed its American depositary receipts on the Nasdaq today with ADRs opening at $170 per share, a 14% gain above the $149 offering price. This comes after SYHYV (its temporary ticker, soon to be SKHY) made history as the largest U.S. share sale ever completed by a foreign company with its $26.5 billion raise. (Quartz)
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