Sarah Wynn / The Block: Block reaches a $40M settlement with NYDFS for critical gaps in its AML program, particularly concerning risk-based controls and customer due diligence  —  – Block, Inc. had AML gaps including failing to have risk-based controls to prevent money laundering and illicit activity as well as insufficient customer due diligence, NYDFS said. Lees verder op Tech Meme

Hartley Charlton / MacRumors: Report details the internal chaos behind Apple’s Siri failure, in part due to poor leadership, with John Giannandrea’s AI/ML group dubbed “AIMLess” internally  —  A new report from The Information today reveals much of the internal turmoil behind Apple Intelligence’s revamped version of Siri. Lees verder op Tech Meme

The Information: Source: ByteDance’s revenue from international operations, which are primarily TikTok, rose 63% to $39B in 2024; overall revenue grew 29% to $155B  —  ByteDance’s revenue from international operations, which are primarily TikTok, rose 63% to $39 billion in 2024, said a person with knowledge of the company’s financials. Lees verder op Tech Meme