Elon Musk is the owner of social media platform X. Aytug Can Sencar | Anadolu | Getty Images Elon Musk’s X has been hit with a 120 million euro ($140 million) fine by the European Commission for breaching transparency obligations, in the latest challenge to a U.S. big tech company by the bloc. The Commission…
MUMBAI, INDIA – SEPTEMBER 20: People take the selfie with the new IPhone 16 at the Apple store in Bandra-Kurla Complex during the first day of sale of the iPhone 16 smartphone on September 20, 2024 in Mumbai, India. Hindustan Times | Hindustan Times | Getty Images The report is from this week’s edition of…
Is the “year of efficiency” Mark Zuckerberg back at Meta Platforms ? Shares of the social media giant rallied more than 5% to $676 each at Thursday’s highs after Bloomberg reported that Zuckerberg is set to reduce metaverse spending up to 30%. The metaverse group, which works on the company’s virtual “Horizon World” environment and…
Meta CEO Mark Zuckerberg has repositioned the social media giant as an AI company. Vincent Feuray | AFP | Getty Images Meta Platforms shares popped about 6% higher on Thursday after Bloomberg reported that CEO Mark Zuckerberg was looking to make significant cuts to the company’s metaverse resources. Bloomberg said that executives have considered cuts…
Meta has been hit with an EU antitrust investigation over its use of AI features in WhatsApp, as the European bloc continues to ramp up challenges to US big tech giants. The probe will examine whether Meta’s new policy on allowing AI providers’ access to WhatsApp may breach EU competition rules, Brussels said in a…
File: Then Apple Creative Director Alan Dye celebrates the launch of the July Issue at the new WIRED office on June 24, 2015 in San Francisco, California. Kimberly White | Getty Images Apple‘s head of user interface design, Alan Dye, will reportedly join Meta, in a notable shift of executive talent in Silicon Valley. Apple…
Amazon has found a way to let cloud clients extensively customize generative AI models. The catch is that the system costs $100,000 per year. The Nova Forge offering from Amazon Web Services gives organizations access to Amazon’s AI models in various stages of training so they can incorporate their own data earlier in the process….
If OpenAI’s internal drama were a Netflix series, CNBC’s Jim Cramer says, it would be a binge-worthy mix of tension, comedy and cliffhangers — and Wall Street would be glued to every episode. On Tuesday, Cramer seized on reporting that CEO Sam Altman recently declared a “code red” inside the company that suggests OpenAI fears…
A television broadcasts crypto market news at the Nasdaq MarketSite in New York, US, on Thursday, Nov. 20, 2025. Michael Nagle | Bloomberg | Getty Images AI-related equity valuations may be driven by fear of missing out, known as FOMO — but now’s not the time to get cold feet, according to strategists. Global equities are at…
After years of largely trading together, stocks related to artificial intelligence and the data center are starting to move in different directions, CNBC’s Jim Cramer said. “The Google complex cohort roared while the OpenAI complex got hammered. Meanwhile, the hyperscalers with great balance sheets held up much better than the ones with strained balance sheets,”…
