A reported plan to sell surplus computing power would put Meta up against AWS, Google Cloud and Azure, and give investors a reason to look past its spending. Meta has spent two years buying every scrap of AI computing power it can lay hands on. Now it …
A Swedish court has ordered Google to pay more than 14 billion kronor to Klarna’s PriceRunner subsidiary for illegally favouring its own comparison shopping service in search results. The ruling, handed down on Tuesday by the Patent and Market Court in…
Apple chief executive Tim Cook and the European Union’s technology chief spoke by video call on Monday, and both sides came away describing the exchange as “constructive”. That word is doing a lot of work. Executive Vice-President Henna Virkkunen, who …
Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run by an independent company named Open Standard, is a …
The US Commerce Department has lifted the export controls it placed on Anthropic’s most advanced models, ending a roughly three-week freeze that had pulled the company’s Claude Fable 5 offline. Reuters first reported the move on Tuesday, 30 June, citin…
Microsoft is preparing to cut under 2.5% of its workforce in another round of layoffs, according to a Business Insider report picked up on Tuesday. The reductions could be announced as soon as next week, and they would affect thousands of roles across …
TikTok has reached a confidential settlement with a Florida teenager who accused the platform of contributing to his mental health problems, removing itself from a jury trial scheduled to begin on July 27 in Los Angeles. The deal, first reported by Blo…
Google on Tuesday released Nano Banana 2 Lite, the fastest and cheapest model in its Nano Banana family of AI image generators. The model produces images in four seconds and costs under four cents per thousand images, making it the company’s most aggre…
Clicks Technology released a video on Tuesday showing the pre-production hardware and internal software of its Communicator, a $499 smartphone with a physical keyboard that is the closest thing to a new BlackBerry anyone has built in years. The phone w…
AI chip startup Etched has raised $800 million and revealed that its backers include trading firm Jane Street and VentureTech Alliance, a venture firm with a strategic partnership with TSMC. The company, which designs chips specifically for running AI …