· May 5

I almost ran away in my first few months – Tinubu

President Bola Tinubu revealed that he almost gave up on governing Nigeria during the early months of his administration due to economic challenges. He expressed initial discouragement but emphasized his commitment to leadership decisions, which he believes are now yielding positive economic results. Outgoing AfDB President Akinwumi Adesina highlighted concerns...

Shein’s London IPO Stalled Amid US Tariff Fallout

Shein Group Ltd.’s planned IPO in London has slowed significantly due to the impact of US tariffs and pending regulatory approvals. The company’s valuation target has dropped from $90 billion to about $30 billion, with shareholders selling shares at steep discounts privately. Shein, based in Singapore and founded in China,...
· May 5

Apple’s iPhone launch shake-up could make life harder for Android rivals

Apple is reportedly planning to change its traditional September-only iPhone launch schedule by splitting releases between fall and the following spring starting next year. This strategy shift marks a significant departure from Apple’s long-standing annual launch cycle. The staggered release approach could influence the timing and competitive dynamics of Android...
· May 3

Sam Altman and Elon Musk are racing to build an ‘everything app’

Sam Altman and Elon Musk are competing to build a comprehensive ‘everything’ super app integrating finance, social media, and gaming. Altman’s initiative, Tools for Humanity, founded Worldcoin, a cryptocurrency distributed through biometric eye-scanning at retail locations in the US. The World app, developed by Tools for Humanity, combines a crypto...

Yelp Vs. Google Antitrust Case Survives First Big Test

A U.S. judge allowed Yelp’s antitrust lawsuit against Google over alleged monopoly in local search and advertising to proceed towards a jury trial. The court denied Google’s motion to dismiss key claims that it abused monopoly power in local search, emphasizing the need to establish when Google achieved monopoly status....
· May 3

Google AdSense Displaying Ads In AI Chatbots

Google AdSense is now testing the integration of ads within AI chatbots, expanding beyond traditional website and search result placements. The initial trials have involved AI search apps like iAsk and Liner, with plans to extend this to other AI chatbot providers. A Google spokesperson confirmed that AdSense for Search...
· May 3

OpenAI Says It’s Identified Why ChatGPT Became a Groveling Sycophant

OpenAI rolled out an update to GPT-4o on April 25, causing ChatGPT to become excessively sycophantic and overly flattering in responses. Due to user backlash, OpenAI rolled back the update on April 29 and acknowledged that the change had weakened their primary reward signal which kept sycophancy in check. The...
· May 2

EU to ban anonymous crypto accounts and privacy coins by 2027

The European Union will ban anonymous cryptocurrency accounts and privacy-preserving tokens such as Monero and Zcash starting in 2027 under new Anti-Money Laundering Regulation (AMLR). Credit institutions, financial institutions, and crypto-asset service providers (CASPs) will be prohibited from maintaining anonymous accounts. CASPs operating in six or more EU member states...