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Top stories today:
- OpenAI calls DeepSeek “state-controlled”
- Oracle said to be lead contender to help run TikTok in U.S.
- CZ denies talking to Trump family about deal, pardon
- S&P 500 -10% from its peak in Feb. as investors react to Trump tariffs
- Apple’s AirPods said to receive live translation via iOS 19
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All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. OpenAI calls DeepSeek “state-controlled,” urges banning “PRC-produced” AI models
DeepSeek described as “state-subsidized” and “state-controlled” by OpenAI in its submission for Trump’s AI Action Plan.
Banning “PRC-produced” models would prevent privacy and “security risks,” OpenAI said.
Strict export controls of AI systems on “Tier III countries” including China, the company urged.
Proposed copyright tweaks to expand U.S. data access.
Relatedly, Google proposed to allow “fair use and text-and-data mining exceptions.”
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3. Oracle said to be lead contender to help run TikTok in U.S.
ByteDance is reportedly preferring Oracle for the deal.
Trump also indicated his support for Oracle.
ByteDance’s leaders, though, want to keep a hands-on role with TikTok in any deal.
Project Texas-modeled deal in sight for ByteDance, with TikTok’s data being on Oracle servers along with algorithm oversight.
2023: TikTok and Oracle set up the project over security concerns in the U.S.
4. CZ denies talking to Trump family about deal, pardon
