Business

Snap shares fell after the company introduced its consumer augmented reality glasses, Specs, at a price of $2,195. The stock dropped more than 5% following the announcement and remained below…

The Federal Trade Commission has sued Genesis Tech and a network of related companies, alleging that they used deceptive subscription practices to charge consumers without clear consent. The agency said…

Critical Energy has raised $19 million in seed funding to develop factory-built turbines for geothermal power plants. The company will use the capital to complete its first 2.5-megawatt commercial project,…

CPP Investments has committed up to ₹70 billion to Indian data center operator CtrlS, combining a direct equity investment with a new joint venture for hyperscale campuses. The partnership will…

DeepL has acquired real-time audio startup Mixhalo to expand its voice translation services into conferences, sports, and other live events. The acquisition will also support DeepL’s US expansion through a…

Uber plans to launch a premium robotaxi service in Houston by mid-2027 through its partnership with electric vehicle maker Lucid and autonomous driving company Nuro. Houston will be the second…

Pinterest has introduced Ask Pinterest, an experimental standalone app that uses conversational AI to provide personalized shopping ideas and recommendations. The limited-access service allows users to submit complex requests in…

Anthropic surpassed OpenAI in business adoption during May, according to new spending data from Ramp. The increase came as Anthropic raised $65 billion, filed confidential paperwork for a US initial…

Qualcomm is expanding its wearable technology business with Snapdragon Reality Elite, a mixed-reality platform designed for stronger on-device AI, and Snapdragon START, a toolkit intended to help manufacturers develop AI…

Rivian is cutting hundreds of jobs one week after beginning deliveries of its R2 electric SUV. The company said the reduction affects less than 2% of its workforce and is…

Mobileye plans to launch its own robotaxi service in a major US city in 2027, expanding from an autonomous driving technology supplier into a direct ride-hailing operator. The company expects…

The US Department of Justice has supported xAI in a lawsuit seeking to stop the company from operating dozens of natural gas turbines at its Colossus 2 data center in…

Robinhood will cut about 10% of its full-time workforce as it restructures the company around smaller teams and fewer management layers. The reduction will affect approximately 290 employees, based on…

Probably has raised $9 million in seed funding from Andreessen Horowitz to develop AI systems that prevent hallucinations and factual errors from reaching users. Founder Peter Elias said the company…

SpaceX has agreed to acquire Anysphere, the company behind AI coding platform Cursor, in an all-stock transaction valued at $60 billion. The agreement comes four days after SpaceX began trading…

ChatGPT remains the world’s most widely used AI assistant, but its market share fell below 50% for the first time as users increasingly divided their activity among Google Gemini, Anthropic…

Respond.io has raised $62.5 million in Series B funding as the Malaysia-based company expands its AI-powered customer conversation platform into North America and Europe. Camber Partners led the round, with…

Oregon-based Softstar Shoes has transferred ownership of the company to its approximately 30 employees as former owner Tricia Salcido begins planning for retirement. The shoemaker completed the transition through an…

Starbucks Korea will close all its stores early on June 22 so employees can attend mandatory training on South Korean history and social sensitivity. The action follows public criticism of…

Anthropic executives are expected to meet senior US Commerce Department officials in Washington on Monday after the government restricted foreign access to the company’s latest AI models. CEO Dario Amodei…