REVOLUT CEO ON BUILDING $75B FINTECH EMPIRE
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Nik Storonsky, CEO of Revolut, discussed the fintech company's rise to a $75 billion valuation in an interview with David Rubenstein. What began as a solution to eliminate hidden foreign exchange fees has evolved into a comprehensive digital banking platform.
■ MORE FROM THE BIG TECH DESK
Sony has filed a lawsuit against Anthropic, alleging the AI company used pirated content to train its models while staff members openly discussed using torrenting platforms like Zlibrary. The suit claims this practice harmed songwriters as AI-generated music rose on charts.
Phil Schiller, Apple's longtime executive overseeing the App Store and product events, is stepping down from his leadership positions. He will remain at Apple as a Fellow to focus on unspecified initiatives.
Apple Maps is now displaying paid advertisements to users in the US and Canada. The ads, marked with a blue icon, appear in search results and suggested places following Apple's March announcement of a business advertising program.
VLC, the free and open-source media player, has surpassed 7 billion downloads worldwide. The milestone underscores the continued relevance of the decades-old software in an era dominated by paid streaming services.