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Tech News
Meta invests $14 billion in Scale to catch up in the AI race
Meta is paying $14.3 billion to acquire 49 percent of Scale AI and hire its CEO, Alexandr Wang, to revamp…
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Tech News
Google will pay a $1.375 billion settlement to Texas over privacy violations
Google is set to pay $1.375 billion to settle claims of data privacy violations brought by Texas Attorney General Ken…
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Tech News
Eddy Cue is fighting to save Apple’s $20 billion paycheck from Google
Microsoft’s Bing or DuckDuckGo probably won’t disrupt Google’s dominance in search, said Apple senior vice president of services Eddy Cue…
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Netflix revenue rises to $10.5 billion following price hike
Netflix said in its first quarter earnings report on Thursday that revenue reached $10.5 billion in the months since it…
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OpenAI just raised another $40 billion funding round
OpenAI is set to receive $10 billion up front (SoftBank will invest $7.5 billion along with $2.5 billion “from an…
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Apple blocked from presenting at Google antitrust hearing where $20 billion search deal is at stake
The DC Circuit Court of Appeals has blocked Apple’s efforts to intervene in the federal antitrust trial against Google that…
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Netflix’s plan to spend $18 billion on content is ‘not anywhere near the ceiling’
Netflix plans to spend around $18 billion on content this year – and chief financial officer Spencer Neumann thinks that…
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TSMC announces $100 billion investment in US chipmaking
Taiwan Semiconductor Manufacturing Co. – the world’s biggest chipmaker – will invest at least $100 billion to expand chip manufacturing…
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EU mobilizes $200 billion in AI race against US and China
The European Union says it will channel €200 billion (about $206 billion) into artificial intelligence investments in a bid to…
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Elon Musk just offered to buy OpenAI for $97.4 billion
In a dramatic escalation of Silicon Valley’s most heated AI rivalry, Elon Musk just announced that he’s leading a $97.4…
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Google expects to spend $75 billion this year on the AI race
Google parent company Alphabet expects to invest “approximately $75 billion” in capital expenditures in 2025, according to a statement from…
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Tech News
/cdn.vox-cdn.com/uploads/chorus_asset/file/23935560/acastro_STK103__03.jpg "Amazon is selling the tech behind its billion ad business to other retailers")
Amazon is selling the tech behind its $50 billion ad business to other retailers
The company’s new Retail Ad Service beta will let other online stores “Deliver contextually relevant ads by leveraging Amazon’s two…
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