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Tech Across the Globe

Google AI: Two weeks after it avoided a breakup over anticompetitive actions in the search business, Google said it was incorporating its Gemini artificial intelligence tool into its Chrome search browser for users in the US.

Huawei plans: The Chinese technology company unveiled plans for improved AI chips and designs to challenge global leader Nvidia.

Cybercrime arrests: The US Department of Justice accused a British teenager of engaging in cyberattacks that targeted 47 American organizations and generated more than $100 million in ransom payments. The teen was separately charged by British authorities with hacking Transport for London, which runs much of London’s public transit, last year with an 18-year-old accomplice.

Revalued

Lightspeed Venture Partners is set to make more than $1 billion for its investment in cybersecurity firm Netskope after the company’s initial public offering. The venture capital firm, which was Netskope’s largest investor, put $272 million into the company more than a decade ago. Netskope closed at $22.49 on its first day of trading Thursday, after pricing its shares at $19 Wednesday.

Must Read

Silicon Valley startups in the past rarely engaged in tender offers, which are stock sales in the secondary market, reports Kate Clark in today’s Tech In Depth. And if they did, it was most often to reward an early investor for years of support while the company considering going public. Now, though, these tender offers are becoming more routine as startups stay private longer and look for ways to reward and retain their employees who don’t have the incentive of an IPO in their future.

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This Week in Q&AI

A hearing in the US Senate this week on the potential dangers of chatbots on teen mental health raised serious issues the industry must confront, Shirin Ghaffary reports in this week’s Q&AI.

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