Meta Reports Strong Earnings While Reality Labs Losses Persist And AI Spending Set To Rise
Meta reported strong quarterly earnings but again recorded multibillion-dollar losses in its Reality Labs unit, while outlining a sharp increase in artificial intelligence spending that exceeds earlier projections. Reality Labs…
Musk Testifies OpenAI Dispute Hinges On Profit Structure As AGI Claim Draws Scrutiny In Court
Elon Musk told a California federal court that OpenAI’s leadership diverted a nonprofit mission toward profit, while also stating under oath that Tesla is not currently pursuing artificial general intelligence,…
Anthropic Draws Preemptive Funding Offers Near $900 Billion Valuation Ahead Of Potential IPO Decision
Anthropic is facing strong investor demand as it considers raising a new funding round that could value the company between $850 billion and $900 billion, according to multiple sources familiar…
Amazon AWS Growth Surges 28% As AI Demand Drives Revenue And Capital Spending
Amazon reported first-quarter results that exceeded Wall Street expectations, with its cloud division showing accelerated growth tied to demand for artificial intelligence infrastructure. AWS Growth Driven By AI Demand Amazon…
Amazon And Meta Join Rivals To Challenge UPI Dominance Of PhonePe And Google Pay In India
Amazon and Meta are among a group of firms preparing to raise concerns with India’s payments authority over the market dominance of leading apps on the country’s instant payments network.…
Instagram Limits Recommendations For Reposted Content To Prioritize Original Creators
Instagram said it will stop recommending posts from accounts that frequently repost content they did not create, extending existing rules to photos and carousels as part of a broader effort…
Snapchat Introduces AI Sponsored Snaps Allowing Direct User Interaction With Brand Agents
Snap has launched “AI Sponsored Snaps,” a new advertising format on Snapchat that enables users to interact directly with brands through AI-powered agents within the app’s Chat tab. New Interactive…
Apple Introduces Discounted Monthly Subscriptions With Yearlong Commitment For App Store Developers
Apple has introduced a new App Store subscription model that allows developers to offer discounted monthly pricing tied to a 12-month commitment, aiming to provide more predictable revenue while standardizing…
Supreme Court Weighs Legality Of Geofence Warrants In Case That Could Reshape Digital Privacy Rights
The U.S. Supreme Court heard arguments in Chatrie v. United States on Monday, a case that could determine whether law enforcement’s use of geofence warrants complies with constitutional protections on…
Google Grants Defense Department Broad AI Access As Industry Split Emerges Over Use Restrictions
Google has agreed to provide the U.S. Department of Defense with access to its artificial intelligence systems for use on classified networks, allowing a wide range of lawful applications, according…
Match Group Invests $100 Million In Sniffies As It Expands Portfolio Amid Dating App Slowdown
Match Group has invested $100 million in Sniffies, a location-based service aimed at connecting users in real time, as the company looks to expand its offerings beyond its core dating…
Amazon Adds AI Shopping Chat Feature With Real Time Audio Responses To Product Questions
Amazon has introduced a new AI-powered shopping feature that allows users to ask product-related questions and receive conversational audio responses generated in real time within its shopping app. Conversational Audio…
Amazon Expands OpenAI Partnership On AWS After Microsoft Exclusivity Ends
Amazon has moved quickly to deepen its collaboration with OpenAI after changes to OpenAI’s agreement with Microsoft removed exclusive access to its products. Shift In OpenAI Microsoft Relationship OpenAI announced…
Cohere To Acquire Aleph Alpha Backed By Governments And Schwarz Group To Build Sovereign AI Alternative
Cohere is set to acquire Aleph Alpha in a government-supported deal aimed at building a sovereign AI provider for enterprises seeking greater control over data and infrastructure. Deal Structure And…
Climate Tech IPO Momentum Builds As Energy Startups Gain Investor Interest While Funding Gaps Widen
Public markets are showing renewed interest in climate technology companies, particularly those tied to energy generation, as startups in nuclear and geothermal sectors move toward initial public offerings amid rising…
Mill Valley Homeowner Seeks Anthropic Equity Swap For 13 Acre Property In Unusual Deal Proposal
An investment banker has listed a 13-acre property in Mill Valley with an unconventional proposal, offering to exchange the real estate for equity in Anthropic rather than a traditional cash…
Anthropic Tests AI Agent Marketplace With Real Transactions Revealing Outcome Gaps Between Models
Anthropic has conducted an internal experiment called Project Deal, where AI agents represented buyers and sellers in a marketplace that completed real transactions using allocated budgets. Experiment Design And Participation…