Meta is still burning money on AR/VR
Meta is losing billions on Reality Labs each quarter, and its AI expenditures are only going to increase its spending.
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On the stand, Elon Musk can’t escape his own tweets
Elon Musk took the stand for the second day for his attempt to legally dismantle OpenAI.
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Sources: Anthropic could raise a new $50B round at a valuation of $900B
The maker of Claude has received multiple preemptive offers at valuations in the $850 billion to $900 billion range, according to sources familiar with the matter.
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Amazon’s cloud business is surging — and so is its capital spending
The e-commerce giant is making more money than expected from AWS but it’s also spending a lot, and will continue to do so in the near term, its chief executive said.
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Amazon, Meta join fight to end Google Pay, PhonePe dominance in India
PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.
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SoftBank is creating a robotics company that builds data centers — and already eyeing a $100B IPO
You need infrastructure to build AI and robots, but apparently you also need AI and robots to build infrastructure.
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Instagram cracks down on content aggregators
The update targets content aggregators that don’t post original content and instead simply re-upload others’ posts.
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Meta says its business AI now facilitates 10 million conversations a week
Meta said over 8 billion advertisers have used at least one of its GenAI tools
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Spotify introduces verified artist badges to help distinguish humans from AI
Spotify looks for an identifiable artist presence both on and off platform, like concert dates, merch, and linked social accounts on their artist profile.
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Netflix wants you to watch ‘Clips,’ its TikTok-like vertical video feed
Netflix is redesigning its mobile app and introducing Clips, a vertical video feed intended to help users discover new content by sharing highlights from original Netflix programming.
