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| Takeover talks: SoftBank explored an acquisition of US chipmaker Marvell, but the two sides couldn’t reach an agreement on terms. Microsoft’s AI quest: The software company created a research unit to develop a more powerful form of AI called “superintelligence” it hopes will make advances in areas such as medicine and materials science. Social media lawsuit: Meta, ByteDance, Google and Snap must face trial in California over claims they designed their social media platforms to addict young people. | |
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| Sequoia Capital, among Silicon Valley’s most prestigious venture capital firms, plans to deepen its investment focus on artificial intelligence as part of its first change in top leadership since 2017. The new co-stewards, Pat Grady and Alfred Lin, also want to reduce impressions the firm is too partisan after some high-profile partners have identified with right-wing politicians. | |
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| Smartphone companies have been pitching new artificial intelligence features, but consumers don’t seem to care, Vlad Savov reports in today’s Tech In Depth. Battery life, camera features and price remain the biggest reasons people choose to buy a smartphone — despite all the attention on AI, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. | |
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