Capital and Deals
Meta avoids trial as social media addiction lawsuit is withdrawn
A Florida teenager has dropped his social media addiction lawsuit against Meta without compensation, avoiding a trial scheduled to begin…
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Category: Capital and Deals
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Capital and Deals
Capital and Deals
Tesla pushes back volume production targets as capital spending nearly triples
Tesla delayed volume production of its Cybercab, Tesla Semi, and Megapack 3 energy-storage system to beyond 2026. The automaker's capital…
Capital and Deals
U.S. Treasury signals sanctions threat over Moonshot’s alleged Anthropic model distillation
U.S. Treasury Secretary Scott Bessent warned that sanctions remain possible after White House officials accused Moonshot of distilling Anthropic's Fable…
Capital and Deals
U.S. Treasury Signals Sanctions Over Moonshot’s Alleged Distillation of Anthropic Model
Treasury Secretary Bessent threatened sanctions against Chinese AI firms after a White House official accused Moonshot of improperly distilling Anthropic's…
Capital and Deals
Google Cloud revenue surges 82% as enterprise AI adoption drives profit to $112.1 billion
Google Cloud revenue jumped 82% to $24.8 billion, driven by enterprise AI adoption. The growth helps justify the company's $180-190…
Capital and Deals
Google Cloud revenue surges 82% as enterprise AI adoption drives earnings beat
Google Cloud's 82% revenue jump to $24.8 billion quiets investor concerns about its infrastructure spending, driven by enterprise AI adoption…
Capital and Deals
IBM’s mainframe business collapsed 42% last quarter, but the company insists AI isn’t the culprit
IBM's mainframe revenue plummeted 42%, prompting its largest single-day stock drop ever. The company blamed customer budget shifts toward expensive…
Capital and Deals
Synthesia launches AI roleplay coach for employee training, moving beyond passive videos
Synthesia launched Roleplay Sessions, an AI coaching product where employees practice sales pitches and difficult conversations with an AI avatar…
Capital and Deals
Dimension Capital closes $800M third fund as science-compute startups attract record venture interest
Dimension Capital closed an $800 million third fund, 60% larger than its previous raise, as startups blending AI with biotech…
Capital and Deals
Anthropic and Physical Intelligence held acquisition talks, sources confirm, reigniting AI rivalry over robotics
Anthropic and Physical Intelligence did hold acquisition talks this spring, according to The Information, even though the companies denied a…