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AI lab Odyssey valued at $1.45 billion in latest funding round
Reuters100d agoneutral
AI lab Odyssey valued at $1.45 billion in latest funding round

AI lab Odyssey on Wednesday said it has raised $310 million in a Series B round valuing it at $1.45 ‌billion, and struck a deal with Amazon Web Services that gives ‌it access to specialized chips designed for high‑performance machine-learning workloads. The round, led by Natural Capital, ​saw participation from Amazon, AMD Ventures, Google Ventures, EQT and In-Q-Tel, alongside prominent individual investors including Google’s chief scientist Jeff Dean and Garry Tan, president and CEO of Y Combinator. Odyssey is building models that can ⁠simulate the real world and act without human input.

SpaceX acquires Anthropic and OpenAI rival in $60B deal
TheStreet100d agoneutral
SpaceX acquires Anthropic and OpenAI rival in $60B deal

Elon Musk just made his biggest bet yet on artificial intelligence. Days after SpaceX's record-breaking stock market debut, the company confirmed it would acquire Anysphere, the San Francisco-based startup behind the popular AI coding tool Cursor, in a deal valued at $60 billion. The move puts ...

Bloomberg100d agoneutral
Apple Investors Are Tired of AI Promises, Want Tangible Progress

(Bloomberg) -- Apple Inc. investors are losing patience with the company’s talk about becoming a more formidable presence in artificial intelligence and want to start seeing some results.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace Deal“Ther

AI use in UK hits 'tipping point' as companies scale up, Google exec says
Reuters100d agoneutral
AI use in UK hits 'tipping point' as companies scale up, Google exec says

Adoption of artificial intelligence has reached a "tipping point" in Britain, as companies move from experimentation ‌to large-scale deployment and start seeing returns, a Google Cloud executive ‌said on Wednesday. Businesses and government bodies that were testing AI tools a year ago are now ​using them to run more complex processes and improve productivity, Maureen Costello, Google Cloud's vice president for the United Kingdom, Ireland and Sub-Saharan Africa, told Reuters in an interview.

UK regulator sets out conduct requirements for Google's search services
Reuters100d agoneutral
UK regulator sets out conduct requirements for Google's search services

Britain's competition watchdog ‌set out two ‌conduct requirements for Google's ​search services under its regulatory regime to secure "a fairer deal" ‌for businesses ⁠and improve Google search services ⁠in the country. The first requires Google ​to improve ​transparency ​and fairness ‌in how search results are ranked, while the second requires Google to allow users ‌to move ​their search ​data ​to authorised ‌third parties, the ​Competition ​and Markets Authority said in a statement ​on ‌Wednesday.

HSBC partners with Google Cloud to expand AI usage
Reuters100d agoneutral
HSBC partners with Google Cloud to expand AI usage

HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building ‌the British bank's artificial intelligence capabilities. The tie-up marks the ‌latest step in HSBC CEO Georges Elhedery's drive to embrace the revenue-generating and cost-savings ​power of AI which can process vast amounts of data, automating tasks previously done by people. The partnership, which HSBC said will focus on areas such as advice for wealth management clients and financial ‌crime risk management, shows ⁠how banks worldwide are accelerating their adoption of AI as they compete in a technology arms race ⁠with each other.

Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
Reuters101d agoneutral
Amazon may face penalties from potential FTC ad suit, Bloomberg News reports

Amazon.com may face a U.S. Federal Trade Commission lawsuit ‌that could result in civil ‌penalties, following allegations that the e-commerce giant misled ​advertisers, Bloomberg News reported on Tuesday. The FTC has a possible complaint against Amazon as part of an ongoing probe, ‌Bloomberg reported, ⁠citing people familiar with the matter. The agency has been investigating whether Amazon and Alphabet's Google ​misled advertisers ​that place ads ​on their websites, ‌Reuters reported last year.

Palantir stock faces hidden AI risk after Google deal
TheStreet101d agoneutral
Palantir stock faces hidden AI risk after Google deal

Palantir Technologies (PLTR) has spent years trying to convince Wall Street that it can become one of the most important software companies in the artificial intelligence boom. Its most recent action does just that. Palantir said on June 4 its software is available through the Google Cloud ...

Who Is The World’s Second Richest Person?
24/7 Wall St.101d agoneutral
Who Is The World’s Second Richest Person?

After SpaceX’s (NASDAQ: SPCX) IPO, Elon Musk’s net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars). His net worth has risen to $653 billion this year. That increase alone is larger than the net worth of the second-richest ... Who Is The World’s Second Richest Person?

SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings
24/7 Wall St.101d agoneutral
SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings

CNBC’s Leslie Picker walked viewers through the mechanics of last week’s blockbuster listing on June 15. She framed SpaceX (NASDAQ: SPCX) as more than the biggest IPO ever priced. “Friday’s debut went off really smoothly. There were no technology glitches in the 19% day one gain meant that those who received allocation generated a pretty ... SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings

French startup bets on non-humanoid design in crowded AI robot race
Reuters101d agoneutral
French startup bets on non-humanoid design in crowded AI robot race

Genesis AI, the French robotics startup backed by former Google CEO Eric Schmidt, unveiled ‌its first general-purpose robot on Tuesday, as AI capabilities expand beyond chatbots and ‌into physical machines. The robot, named Eno, breaks from the humanoid design usually favoured by leading manufacturers, featuring ​a wheeled base rather than legs, a foldable tower and hands that the company says match the form of a human hand. Founded in early 2025, Genesis AI has raised $105 million (€90.6 million), one of France's largest and matching the record seed round of Mistral AI - Europe's leading AI company.

Bloomberg101d agoneutral
Trump’s Anthropic Crackdown Sets Off AI Alarms for US Allies

(Bloomberg) -- With the recent crackdown on Anthropic, the Trump administration has given global leaders another reason to panic about their place in the technology race.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen HormuzOn Friday, the

How SpaceX’s First Day Compares With Mag-7 Debuts
The Wall Street Journal102d agoneutral
How SpaceX’s First Day Compares With Mag-7 Debuts

Space-X pulled off a Goldilocks IPO on Friday, and for good measure today is adding another gain to its initial 19% rise. Here's how other high-profile IPOs did on their first day of trading, according to Dow Jones Market Data: ‘Magnificent Seven’ growth stocks Nvidia, up 64%.

Bloomberg102d agoneutral
Starmer Announces Full Ban on Social Media for UK’s Under 16s

(Bloomberg) -- Prime Minister Keir Starmer announced what he described as a “full ban” on children using social media, one of the strictest online crackdowns in the democratic world and going beyond limits imposed by Australia last year.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s B

Bloomberg102d agoneutral
Anthropic Block Marks US Reversal, Warning to Silicon Valley

(Bloomberg) -- The extraordinary move by the US to bar foreign access to Anthropic PBC’s best AI models underscores the Trump administration’s newfound willingness to exert control over a pivotal industry. It also reminds Silicon Valley that it’s working with an imperfectly understood technology with uncertain impact.Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Rest

Investing.com103d agoneutral
How ‘agentic’ is AI shopping today

Investing.com -- Agentic shopping is the use of AI agents to carry out parts of the shopping process on behalf of the customer instead of merely providing recommendations. Google’s agentic shopping protocol, for instance, enables agents to work across different parts of the buying processes, including discovery and post-purchase support. But has agentic shopping reached the capacity to directly make shopping decisions on customers’ behalf?

Goldman Sachs resets Apple stock forecast after WWDC
TheStreet103d agoneutral
Goldman Sachs resets Apple stock forecast after WWDC

Apple has spent years trying to convince investors that its next major growth story will not depend only on a new iPhone. That effort has become more urgent as artificial intelligence reshapes the technology industry, with rivals including Google, Microsoft, OpenAI, and Meta moving faster with ...