Business - News Articles

Google Shakes Up AI Team, Prioritizing Product Experience in AI Race

Apr 03, 2025

semafor

In a strategic move to gain an edge in the AI race, Google has replaced the head of its AI chatbot Gemini, prioritizing product experience by appointing Josh Woodward, the leader of Google Labs, to helm the development of consumer-friendly AI products built on Google's powerful models.

Business Consumer Products

Musk's xAI Acquires Twitter in $113 Billion Mega-Merger

Mar 28, 2025

CNBC

In a blockbuster $113 billion deal, Elon Musk's AI firm xAI has acquired the social media giant X (formerly Twitter), valuing xAI at $80 billion and X at $33 billion, with Musk claiming the merger will 'unlock immense potential' by fusing AI with X's global reach.

Business Social Media Funding

Google Unveils 'Thinking' AI Models, Aims to Outpace OpenAI and Anthropic

Mar 25, 2025

TechCrunch

Google unveils Gemini 2.5, a groundbreaking AI model that 'thinks' before answering, with Gemini 2.5 Pro Experimental being its most intelligent multimodal reasoning AI yet, aiming to outpace rivals OpenAI and Anthropic in the AI race.

Foundation Models Business

Microsoft Passes on $12B Data Center Deal, OpenAI Swoops In

Mar 21, 2025

semafor

In a surprising move, Microsoft declined a nearly $12 billion deal for data center capacity, allowing OpenAI to swiftly secure the contract, highlighting the intense competition and high stakes in the AI industry as CoreWeave's impending IPO is viewed as a bellwether for the sector.

Data Centers Funding Business

PwC Inks Landmark Deal, Becomes First ChatGPT Enterprise Reseller

Mar 21, 2025

PwC

PwC has signed a groundbreaking deal to become the first enterprise reseller of OpenAI's ChatGPT, integrating the AI technology into its workforce and services, and positioning itself as a leader in AI adoption and scaling for clients.

Business Enterprise Funding

Zuckerberg's Failed Attempt to Silence Ex-Employee Fuels Controversy Over Meta's Ethics

Mar 20, 2025

Los Angeles Times

Mark Zuckerberg's failed attempt to silence a former employee's memoir, which portrays Meta as prioritizing profits over ethics and ignoring issues like hate speech, has fueled controversy over the tech giant's moral compass and credibility.

Ethics Business Social Media

Amazon Slashes 14,000 Managerial Jobs in Major Cost-Cutting Move

Mar 17, 2025

Tech Startups - Startups and Technology news

In a major cost-cutting move, Amazon is slashing approximately 14,000 managerial jobs, representing a 13% reduction in its global management workforce, aiming to streamline operations, accelerate decision-making, and save between $2.1 billion and $3.6 billion annually.

Labor & Jobs Business

Tech's AI Hype Derails Gadget Innovation, Leaving Virtual Assistants Unready

Mar 12, 2025

The Verge

Despite the hype around AI language models like ChatGPT, the tech industry failed to deliver seamless, AI-powered virtual assistants for gadgets and apps, getting distracted by chatbots and neglecting otherwise good product innovation.

Consumer Products AR/VR & Wearables Business

Google, Amazon Pour Billions into AI Startup Anthropic, Raising Antitrust Concerns

Mar 12, 2025

TechCrunch

Google and Amazon are pouring billions into AI startup Anthropic, with Google owning a 14% stake and committing over $3 billion, while Amazon has agreed to invest up to $8 billion, raising antitrust concerns about the startup's independence from Big Tech.

Funding Regulation Business

Chinese Firms Embrace DeepSeek AI Amid National Pride and US Rivalry

Mar 12, 2025

WIRED

Amid growing US-China tech rivalry and national pride, Chinese firms are enthusiastically adopting DeepSeek's AI models for publicity, potential business applications, and showcasing China's AI prowess, fueled by the international reaction to DeepSeek's success.

Geopolitics Foundation Models Business