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Find XO: WSJ: Manus Negotiates Investment at 40 Billion Dollar Valuation After Meta Deal Falls Through (techcrunch.com)
SummaryThe Wall Street Journal reported that Manus, whose $20 billion acquisition by Meta was blocked by a Chinese regulatory order, is currently negotiating to raise $5 billion at a $40 billion valuation.… -
Find XO: Google Location Data Fine Includes 'Web & App Activity' Settings (dataprotection.ie)
SummaryThe Irish Data Protection Commission fined Google 4 hundred 300 million euros and ordered it to correct its processing within 6 months. Among the three targeted features, 'Web & App Activity' was an… -
Find XO: Three Cases Where the Personal Information Protection Act Fine Ceiling Rises from 3% to 10% (pipc.go.kr)
SummaryFrom September 11, there are three cases where the maximum fine under the Personal Information Protection Act rises up to 10% of total sales. Among these, two are based not on the size of the inciden… -
Find XO: Bill Passed to Reduce Payment Period for Large Retailers' Direct Purchase from 60 Days to 35 Days (jungbunews.com)
SummaryThe amendment to the Large-scale Distribution Industry Act passed the National Assembly on September 17, shortening the payment period for direct purchase from the receipt of goods from 60 days to 35… -
Find XO: Apple App Store Introduces Sequential Subscription Purchases for Teams and Groups (developer.apple.com)
SummaryApple has opened the way to sell App Store subscriptions across multiple seats, and multi-seat purchases have been enabled by default since 9 month 16 day. Volume purchases for organizations will beg… -
Find XO: Siri AI that reads the screen and controls apps will support Korean in October (apple.com)
SummaryApple released Siri AI that understands screen content and performs app operations in English beta on September 14, and Korean and Japanese support is coming in October. It will not be available for… -
Find XO: Google Contracts to Purchase 100 Million Methane Reduction Credits from Indian Paddy Fields (techcrunch.com)
SummaryGoogle has agreed to purchase 100 million methane reduction credits from Indian startup MeatyLabs by 2030. This is the largest publicly known rice paddy methane credit transaction with an undisclosed… -
Find XO: Recruiting startups to solve tasks from 18 public institutions, up to 1 billion won for technical verification (korea.kr)
SummaryThe Ministry of SMEs and Startups is selecting about 20 startups to solve 22 tasks issued by 18 public institutions by October 6. Selected startups can receive up to 1 billion won for technological v… -
Find XO: Ministry of SMEs and Platforms' Malicious Rating Measure, 30 Day Concealment Is an Existing System (venturesquare.net)
SummaryThe Ministry of SMEs invited Naver, Kakao, Baedal Minjok, Coupang, Yogi-yo-ttae, Nol Universe, and small business groups on September 11 to discuss the problem of malicious ratings. The 30 day concea… -
Find XO: Pocket FM Creates 99% of New Audio Using AI, 83% of Annualized Revenue Comes from Episode Payments (techcrunch.com)
SummaryThe Indian audio series platform Pocket FM's annualized revenue has surged from $250 million to $500 million within a year, with 99% of its new content produced using AI. However, about $415 million… -
Find XO: MyRealTrip, Former Investor, Acquires All Shares of CreateTrip via Stock Swap (platum.kr)
SummaryOn September 11, MyRealTrip's board resolved to acquire all shares of CreateTrip via stock swap. The company that entered as a strategic investor in 2024 has effectively acquired CreateTrip entirely… -
Find XO: Information Sessions for First Institutional Investment 300 Times or More, Apply to One Operator per Round (korea.kr)
SummaryThe Ministry of SMEs and Startups is launching a challenging IR project for tech entrepreneurs with no institutional investment history. 142 TIPS operators will hold 300 or more face-to-face IR sessi… -
Find XO: Bending Spoons to Acquire Collaboration Tool Miro at Valuation of 13 Billion 5,500 Million Dollars (investors.bendingspoons.com)
SummaryBending Spoons has agreed to buy Miro for a total of 13 billion 5,500 million dollars in cash. This is about 2.3 times its annual recurring revenue of roughly 6 billion dollars. This looks like a cra… -
Find XO: Samsung Electronics Leads Investment in Mistral and Co-Develops In-House AI Model (mistral.ai)
SummaryMistral raised 30 billion euros in its Series D round, pushing its valuation beyond 210 billion euros, led by Samsung Electronics. The Series C round 1 year ago was led by ASML, placing the companies… -
Find XO: Fair Trade Commission Announces Amendment Including Key Personnel Acquisition in Merger Reporting (ftc.go.kr)
SummaryThe Fair Trade Commission will issue a public notice on amendments to the merger reporting guidelines until 9 month 30 day. A clause stating that organized personnel along with their skills and knowl… -
Find XO: Apps Losing Everyone Access Rating in October, Only Way to Regain Is Through Game Rating Classification (developer.apple.com)
SummaryApple is revising the Korean App Store age rating rules, and from October, two categories, rare profanity and lowbrow humor, infrequent sexual innuendo, will be raised from Everyone to 12+. The only… -
Find XO: What Domestic AI Products Offer in a Market Where the Government Pays Chatbot Fees (korea.kr)
SummaryThe Ministry of Science and ICT selected SK Telecom, Kakao, KT as consortiums for the Everyone's AI project, with Kakao focusing on KakaoTalk and phone calls as contact points. Out of the 250 billion… -
Find XO: Grok and Claude Stopped at the Same Time, Borrowing Compute from the Same Company (theregister.com)
SummaryAround 6:30 a.m. Pacific Time on September 3, Grok and Claude stopped almost simultaneously. SpaceX identified an outage at the Memphis compute center as the cause and apologized to its compute partn… -
Find XO: From September 11, Personal Information Notification Obligations Begin Before Confirming a Leak (law.go.kr)
SummaryThe amended Personal Information Protection Act, effective September 11, adds forgery, alteration, and damage to the notification targets, and requires alerts even at the possibility stage before con… -
Find XO: Equipment Costs Up 15%, Funding Interest Rate 7%, Fixed-Rate Plans Under Pressure First (zdnet.co.kr)
SummaryNVIDIA informed Microsoft, Google, and Oracle that it will raise AI server and chip prices by more than 15% starting early 2027 shipments. The reason is the cost of HBM and DRAM, and at the same time… -
Find XO: Uber Receives Second Largest GDPR Fine for Suspending Accounts Without Human Intervention (ft.com)
SummaryThe Dutch Data Protection Authority fined Uber €825 million for suspending and dismissing driver accounts using an algorithm without human involvement. This is the second largest GDPR fine in history… -
Find XO: Restrictions on Shareholding for Public Research Institute Researchers Lifted, Conditions for Recruiting Co-founders Changed (zdnet.co.kr)
SummaryOn August 20, the National Assembly passed five laws allowing researchers from public research institutes and science and technology institutes to retain shares acquired through startup creation or t… -
Find XO: While $1 Trillion Moves in AI Infrastructure, South Korea's Power Approval Rate Was 1.9% (zdnet.co.kr)
SummaryAmong the $1 trillion global private equity investments in the first half of this year, the largest deal was a $10 billion data center company established by KKR, whose acquisition list includes powe…
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