Meta’s interconnected world

Hi, you’re receiving our free Tech In Brief newsletter because you had been getting one of Bloomberg’s technology newsletters that are now subscriber-only. You can manage your subscriptions here.

Tech Across the Globe

Summers fallout: Former US Treasury Secretary Larry Summers resigned from OpenAI’s board over his ties to Jeffrey Epstein.

Meta’s Australian troubles: Meta warned of significant difficulties identifying and removing underage users as it prepares to comply with Australia’s world-first social media ban for those younger than 16 next month.

Nokia remakes itself: Nokia will reorganize its business to focus on networking infrastructure that can connect AI data centers, the company’s chief executive officer told Bloomberg News in an interview.

Revalued

Adobe has agreed to buy the marketing software company Semrush for $1.9 billion, marking its first takeover announcement since its failed bid to acquire Figma in 2022. If the deal goes through, it would be the software giant’s third-largest acquisition. News of the pending sale sent shares of Semrush surging 74% in New York.

Must Read

Meta’s CEO Mark Zuckerberg has talked often about his goal to connect the world to and through the internet. Among the company’s major projects to do so is 2Africa, laying undersea cables to improve connectivity for the African continent, Riley Griffin reports in today’s Tech In Depth. While much of that project was completed this week, she writes, the plan to lay the cables under the Red Sea was stymied by violence and political tensions in the region. 

Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world.

This Week in Cyber Bulletin

Cybersecurity experts saw their fears about hackers using AI realized last week when Anthropic said it had disrupted a highly sophisticated AI-led espionage campaign that used the AI firm’s Claude chatbot, Jordan Robertson reports in this week’s Cyber Bulletin. 

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 cyberespionage
• Game On for diving deep inside the video game business
• Power On for Apple scoops, consumer tech news and more
• 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