Social media seeks a new identity

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Tech Across the Globe

Hack defense: Anthropic is letting tech firms access a more powerful, unreleased artificial intelligence model to help defend against possible cyberattacks on software that might result from the advanced AI system becoming widely available.

AI protections: Alphabet’s Google plans to introduce new mental health support features for its Gemini chatbot as the makers of AI tools face lawsuits accusing the technology of leading to harm.

Musk versus Altman: Elon Musk is seeking to have Sam Altman removed as chief executive officer of OpenAI as part of the billionaire’s lawsuit challenging the AI startup’s conversion to a for-profit company.

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Technology

Apple’s Foldable iPhone Remains on Track for September Debut

Apple Inc.’s first foldable phone is on track to arrive during the company’s normal iPhone launch period later this year, people with knowledge of the matter said, rebutting concerns about major manufacturing snags.

Technology

Silicon Valley’s Hottest AI Metric Is Also Its Least Trusted

The co-founder of Cluely — an Andreessen Horowitz-backed startup with the motto, “Cheat on everything” — ignited a controversy earlier this month after confessing to lying to a reporter about his company’s performance on a popular Silicon Valley metric: annual recurring revenue, or ARR.

Technology

Ackman Pitches $65 Billion UMG Deal to Move Listing to US

Billionaire investor Bill Ackman is pitching a deal for Universal Music Group NV — the record label giant behind celebrities including Taylor Swift and Drake — that he’s claiming will dramatically boost the value of the company largely by moving its listing to the US.

Revalued

Venture capital firm Eclipse has raised $1.3 billion to invest in startups working in physical industries such as AI infrastructure, manufacturing and defense. Founded in 2015, Eclipse has backed chipmaker Cerebras, self-driving software startup Wayve and battery supply chain company Redwood Materials. The latest haul is the firm’s largest to date, nudging out the $1.23 billion in new funds Eclipse raised in 2023.

Must Read

Social media companies like Meta and Snap are trying to define themselves as “entertainment, “streaming platforms” — anything but “old-guard social media,” Alexandra S. Levine reports in today’s Tech In Depth. The pressure to find a new moniker comes amid lawsuits and legislation aimed at cracking down on the ill effects of the platforms, she writes.

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