Good morning, Alexei Oreskovic here, taking the baton back from features editor Matt Heimer, who graciously filled in for me these last couple of days. And wow, what a burst of surprising happenings to come back to:
OpenAI has officially pulled the plug on Sora, its much hyped video generating app; Arm Holdings, the longtime chip IP licensing company, announced it would start selling its own silicon chips; Meta lost a major court battle accusing it of harming teenagers, with the jury awarding the plaintiffs $375 million in damages (Meta says it will appeal).
All of these events are sure to reverberate across the tech industry in the days and weeks to come (we dig into some of them in more detail below). As with many surprises, there were signs foreshadowing the news that will now have more meaning or seem obvious in hindsight (and as with all surprises, there are plenty of punters now crowing about how they “called it” way back when).
Alexei Oreskovic@lexnfxalexei.oreskovic@fortune.com
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