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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than three years since Apple’s film CODA won the best picture Oscar, the tech company has hit another Hollywood milestone: its first summer blockbuster. F1, starring Brad Pitt and Damson Idris, has taken in more … Read more
Figma publicly shared its financials Tuesday, inching the design software company closer to an IPO. And while this initial S-1 is missing details such as number of shares to be offered and what price, the regulatory filing provides the clearest view yet of its financial health — and potential. IPO experts Renaissance Capital estimate that … Read more
Advocates for the idea that AI training is transformative still see Chhabria’s ruling as a win. “Judge Chhabria ruled today, bottom line, that training generative AI models on copyrighted material is clearly transformative, and absent proven market harm is fair use,” says Adam Eisgrau, the senior director of AI, Creativity, and Copyright Policy at the … Read more
Good morning! Testimonies begin in Diddy’s sex trafficking trial, hand sanitizer brand Touchland to be acquired, and Fortune’s Nina Ajemian reports from NBCUniversal’s Upfront presentation—where execs are promising a studio that’s bigger and better than ever. – Upfront and personal. In between Seth MacFarlane dissing competing streaming services in a glitzy musical number and Snoop … Read more
Key Takeaways Ripple acquired Hidden Road for $1.25 billion, becoming the first crypto company with a global multi-asset prime broker. The deal enables Hidden Road to use Ripple USD as collateral and migrate post-trade activity to the XRP Ledger. Share this article Leading asset manager Ripple announced today that it is acquiring Hidden Road, a … Read more
By Jonathan Klotz | Published 23 seconds ago Ask someone to name the most popular action shows of the 80s, and chances are you’ll hear Miami Vice, A-Team, Knight Rider, Magnum P.I., and maybe even The Fall Guy before they remember one of the most popular shows of the decade: Airwolf. Even if you’ve never … Read more
Swedish fintech Klarna took the next step in its highly anticipated U.S. IPO on Friday when it made its F-1 prospectus public. We are sifting through the document now. Klarna hopes to raise at least $1 billion dollars at a $15 billion valuation with this IPO, Bloomberg reported last week. The public documents don’t yet … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Drugmaker Hikma is in talks with partners across the world to prepare to sell a generic version of Ozempic and Wegovy, as patents on Novo Nordisk’s blockbuster diabetes and weight loss drugs start expiring as … Read more
This week marks the 20th anniversary of Avatar: The Last Airbender, Nickelodeon’s action-fantasy anime that became one of the network’s biggest shows back in the day. And what better way to celebrate a momentous occasion than to finally reveal a new show—Seven Havens, a 2D series with a two-season greenlight and involvement from franchise co-creators Michael DiMartino and … Read more
By Chris Snellgrove | Published 23 seconds ago Sometimes, a prequel for a beloved franchise gets announced that leaves old-school fans asking a simple question: “Who the heck asked for this?” And one of the most cherished film franchises of all is Willy Wonka, which began with the classic Gene Wilder literary adaptation that was … Read more
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