Business - News Articles

Zuckerberg Assembles AI Dream Team, Doubles Down on Tech Investments

Jun 21, 2025

CNBC

Meta CEO Mark Zuckerberg assembles an AI 'dream team', hiring former GitHub CEO Nat Friedman and partner Daniel Gross, doubling down on AI investments after previous efforts fall short of expectations.

Business Labor & Jobs

Meta Pursues Perplexity AI Acquisition, Bolstering AI Ambitions

Jun 20, 2025

CNBC

Meta, the tech giant behind Facebook, intensifies its AI ambitions by pursuing an acquisition of Perplexity AI, an artificial intelligence startup, though a deal has yet to materialize, following its recent investments in Scale AI and a failed bid for Safe Superintelligence.

Search Funding Business

Waymo Seeks Permit for Self-Driving Cars in New York City, Eyes Autonomous Ride-Hailing Expansion

Jun 20, 2025

Yahoo Finance

Waymo, Google's self-driving car unit, seeks a permit to test its autonomous vehicles in New York City, paving the way for expanding its robotaxi service nationwide beyond current operations in San Francisco, Phoenix, Los Angeles, and Austin.

Autonomous Vehicles Business

Meta Fails $32 Billion Bid for AI Firm, Hires CEO and Takes Stake in Fund

Jun 19, 2025

CNBC

Meta's failed $32 billion bid for AI firm Safe Superintelligence leads to hiring its CEO Daniel Gross, former GitHub CEO Nat Friedman, and taking a stake in their venture fund NFDG.

Funding Business Foundation Models

Nvidia CEO Clashes with Anthropic Chief over AI's Impact and Governance

Jun 16, 2025

Fortune

Nvidia CEO Jensen Huang clashes with Anthropic CEO Dario Amodei over AI's potential job displacement and governance, with Huang advocating for open and responsible AI development while rejecting Amodei's prediction of AI automating half of entry-level office jobs within five years.

Labor & Jobs AI Safety Business

Waymo Charges 41% More Than Uber and Lyft Despite Customer Preference for Driverless Cars

Jun 12, 2025

TechCrunch

Waymo's driverless cars cost 41% more than Uber and Lyft rides in San Francisco, averaging $20.43 versus competitors' $14-15 fares, yet 70% of customers still prefer the autonomous vehicles despite paying up to $11 extra during peak hours.

Autonomous Vehicles Transportation & Logistics Business

OpenAI Slashes GPT-4.1 Prices, Sparks AI Price War as Altman Ousted

Jun 12, 2025

VentureBeat

Breaking news: OpenAI slashes GPT-4.1 prices, igniting an AI price war as Sam Altman is ousted as CEO amidst a legal battle with music publishers over AI copyright.

Foundation Models Business Copyright & IP Funding

Meta Faces Brain Drain as AI Talent Flees to Rivals Despite Lucrative Salaries

Jun 11, 2025

Tom's Hardware

Meta faces a brain drain as top AI talent leaves for rivals like OpenAI and Anthropic, lured by better culture and flexibility despite Meta's lucrative $2M salaries, with nearly 20% of new AI lab hires coming from tech giants.

Labor & Jobs Business

Meta Launches AI Lab to Pursue 'Superintelligence', Taps Scale AI's Alexandr Wang

Jun 10, 2025

TechCrunch

Meta unveils an AI lab focused on 'superintelligence,' led by Alexandr Wang from Scale AI, as CEO Mark Zuckerberg aims to outpace rivals in achieving artificial general intelligence (AGI).

Foundation Models AI Safety Business

Zuckerberg Bets $14 Billion on Scale AI, Hires Co-Founder to Lead Meta's AI Push

Jun 10, 2025

CNBC

Mark Zuckerberg finalizes a $14 billion deal to invest in Scale AI and hires co-founder Alexandr Wang to lead Meta's AI push, aiming to catch up with rivals like OpenAI in the AI race.

Funding Business Foundation Models