Tag: Internet Media and Services

Uber Technologies Inc said Tuesday it will acquire ezCater Inc, a U.S. platform for catering and workplace meals, in an all-cash transaction valued at $2.3 billion.

Google has contracted for 3,590 megawatts of power from Constellation Energy in the US’ largest power grid, with new nuclear energy accounting for about ​a quarter of that supply, the companies said on Tuesday.

Alphabet unveiled Gemini 4 Argon on Wednesday, its most advanced artificial intelligence model yet, offering major improvements in coding, cybersecurity, and complex professional work. The company said the model sets a new record in real-world software engineering, ties for first in cybersecurity, and leads another benchmark measuring performance across finance, legal, and other professional tasks.

 OpenAI on Tuesday unveiled always-on agents called dots that chase user goals across apps ​on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously.

UPS on Tuesday said it had inked an exclusive deal to provide no-box, no-label returns for the fast-growing TikTok Shop network ​of US sellers as it competes with rivals like FedEx to ‌provide specialized services that generate more profit than typical e-commerce package deliveries.

The release on Monday of Nvidia’s Open Agent Safety Platform comes after companies including OpenAI, Anthropic, Meta, and Google disclosed recent incidents in which their artificial intelligence models escaped their sandboxes and attempted to hack other companies and access their computer systems.

Mark Zuckerberg took repeated digs at Apple during Meta’s annual event on Wednesday, only to borrow a page from Steve Jobs’ playbook for ‌a surprise reveal: a pocket-watch-sized device that carries Meta’s viral Muse AI agent into the real world.

Wall Street has turned bullish on Meta Platforms, betting that its new AI agent Muse could open a new revenue stream for the social media giant and reshape the company’s ​AI monetization prospects.

A German court has ruled that Meta is liable for fake advertisements posted by third parties on its Instagram and Facebook platforms, and ordered the U.S. tech giant to remove such content and pay damages, the court said on Thursday.

Snap on Wednesday launched its upcoming $2,195 Specs augmented reality glasses, providing insights into the eyewear’s capabilities and its new Specs Intelligence AI platform.

Nvidia’s chief executive Jensen Huang has said no new US laws or regulations are needed to control AI development, as he rejected a united push by leading labs to co-ordinate a slowdown in research in the name of safety.

Meta rolled out on Tuesday a long-touted AI assistant that can autonomously send emails, sell a car and book travel on a person’s ‌behalf, despite internal concerns that the technology mismanages its access to sensitive personal data.

Google on Wednesday said it would invest at least 13 billion euros ($15.1 billion) into AI infrastructure in Finland, marking the tech giant’s largest single investment in Europe.

Alphabet’s Google on Tuesday rolled out changes to its online search results in Europe to satisfy EU antitrust regulators, a move which it said will degrade users’ experience and ​ratchet up costs for European businesses.

Trade Desk  announced Friday it’s significantly reducing its workforce. Wall Street approved the move.

ByteDance Ltd., the developer of TikTok, has secured a $29.6 billion loan, according to people familiar with the matter, in Asia’s second-largest dollar-denominated borrowing this year.

Uber Technologies said on Wednesday it will cut about 3,300 jobs, or roughly 10% of its workforce, in a restructuring aimed at removing management layers, consolidating teams and reducing costs.

Berkshire took a $10 billion stake in Google 15 months ago at a 6.5% discount, CEO Greg Abel said to CNBC’s Becky Quick.

Nvidia on Wednesday forecast a 70% ​jump in revenue next fiscal year, underscoring unabated demand for AI computing, while warning that shortages of memory components would continue to curb how ‌quickly it can expand.

Meta Platforms will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram under an agreement with nearly all U.S. states to resolve claims it designed those social media platforms to addict children.