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Tech Across the Globe

TikTok litigation: Any potential new owner of the popular video app would inherit an estimated 1,500 lawsuits, many over child safety and privacy, with potential exposure of billions of dollars. The litigation may complicate the Trump administration’s efforts to save the app, which faces a US ban on Saturday if its China-based owner, ByteDance Ltd., doesn’t sell to American buyers.

Switch 2 reaction: Nintendo may sell 14.7 million on the new game consoles, research firm Omdia predicted, surpassing the tally for the debut of the original Switch eight years ago. Other analysts, too, were bullish on the device, saying the technical improvements and availability of games should boost sales.

Israel’s Iron Beam: The country is working on a futuristic weapon using bursts of light to knock drones from the sky. The laser is expected to be integrated into Israel’s air defenses later this year.

Revalued

Runway AI, the maker of an artificial intelligence model that can generate videos, was valued at more than $3 billion in a funding round that raised $308 million. The startup, which doubled its previous valuation, earlier this week released Gen-4, which aims to let users create videos with consistent characters, objects and backgrounds.

Must Read

In today’s Tech In Depth, Ellen Huet looks at the way OpenAI reacted to the Studio Ghibli memes that flowed from users of its new AI image generator. The effort to capitalize on the cuteness spun a bit out of control, she writes. For more of Bloomberg’s coverage of the technology industry, subscribe here.

This Week in Game On

Nintendo’s new Switch 2 “feels good,” Jason Schreier writes in this week’s Game On after getting a chance to play with the new game console. While Jason enjoyed the look and the operation of the Switch 2, still it’s “more iterative than innovative,” he writes. For more of Jason’s coverage of the video game industry, subscribe here.

Bloomberg Tech conference: As 2025 continues to disrupt expectations for the next phase of AI, open new frontiers in quantum computing and threaten an increase in sophisticated cyberattacks, investment strategies will have to innovate just as quickly. Join executives such as Uber’s Dara Khosrowshahi, investors including Jeffrey Katzenberg and Nobel Laureate Jennifer Doudna – led by Bloomberg’s Emily Chang and Tom Giles – to discuss how to navigate the hazards and multiply the opportunities created by technology’s rapid changes. Register here for the event June 4-5 in San Francisco.

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