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We start with a legal development involving one of Silicon Valley's most prominent figures. A US district judge has dismissed a lawsuit brought by Ann Altman against her brother, OpenAI CEO Sam Altman. The case collapsed after Ann Altman refused to attend an independent medical examination — a procedural requirement the court was unwilling to waive.
Turning now to the world of digital finance, Switzerland's financial regulator FINMA has approved what it's calling the first retail fund to hold bitcoin directly. Rather than investing through derivatives or proxies, this fund gives everyday investors direct exposure to the cryptocurrency. FINMA waived its standard diversification rules but placed strict conditions around custody and investor protection — a sign that regulators are adapting rather than retreating.
And a troubling story out of the social media space. Court documents have revealed that TikTok employees raised internal warnings about child exploitation on the platform, even as the company now faces hundreds of lawsuits over its safety record. The documents suggest leadership was aware of the problem — and that gap between awareness and action is precisely what plaintiffs will be arguing in court.
Keep surfing. Tech Beat out.
