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| Manus takes on OpenAI: Chinese artificial intelligence startup Manus unveiled a text-to-video generation feature, putting it in direct competition with more established tools from rivals like OpenAI, Alibaba and Tencent. Pornhub goes dark in France: The parent company of Pornhub, Youporn and RedTube blocked access to its adult content over new age verification requirements in the country. Microsoft’s executive shakeup: LinkedIn’s CEO is taking charge of the team behind the Microsoft Office bundle — a reorganization happening as Microsoft seeks to speed up the development of AI-powered software tools. | |
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| US Commerce Secretary Howard Lutnick said the administration is reworking agreements with semiconductor companies that received money or are slated to receive funds from the 2022 Chips Act to expand domestic manufacturing. The secretary told a Senate committee that the US wants to secure better terms in the deals to spur additional investment from the companies. The bipartisan law set aside $52 billion to revitalize the American semiconductor industry. | |
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| Meta Chief Technology Officer Andrew Bosworth, speaking at the Bloomberg Tech Summit, said the company’s decision to work on military technology came from a sense of patriotism. But Meta’s move also fits with its rightward tilt since Donald Trump was elected US president again, Kurt Wagner reports in today’s Tech In Depth. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. Bloomberg Tech: Europe will debut on Friday, June 13 at 6:30 a.m. BST. Host Tom Mackenzie spotlights the biggest names and key trends shaping the European tech ecosystem every month. Watch on Bloomberg.com/live and TV<GO> on the Terminal. | |
This Week in Cyber Bulletin | |
| Some of the young men and women smiling from a plush private jet on a video recording their travel are claimed to be members of a Russian ransomware gang known as Conti, Jake Bleiberg reports in this week’s Cyber Bulletin. But experts aren’t quite sure, though they are reviewing the footage with interest for what it might reveal, he writes. Sign up for the Cyber Bulletin newsletter for exclusive coverage inside the shadow world of hackers and cyber-espionage ‒ and how businesses are playing defense. | |
| Get Tech In Depth and more Bloomberg Tech newsletters in your inbox: - Cyber Bulletin for coverage of the shadow world of hackers and cyber-espionage
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- Screentime for a front-row seat to the collision of Hollywood and Silicon Valley
- Soundbite for reporting on podcasting, the music industry and audio trends
- Q&AI for answers to all your questions about AI
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