Tag: Internet Media and Services

Uber Technologies plans to invest up to $1.25 billion in electric vehicle maker Rivian Automotive as part of a deal to deploy up to 50,000 robotaxis in several countries through 2031, the companies announced Thursday.

Meta stock was up in pre-market trading on Monday, following what it called “speculative” reports that the company is planning to lay off over 20% of its workforce to balance its big AI spending plans this year.

Meta has signed a new long-term agreement to spend up to $27 billion on Dutch cloud provider Nebius’ AI infrastructure, the company announced on Monday.

Amazon’s Zoox is making its toaster-shaped self-driving vehicles available through the Uber app in Las Vegas starting this summer, the latest sign of momentum in the nascent but fast-growing robotaxi market.

Robo-taxi competitors Alphabet (GOOGL) and Tesla (TSLA) have teamed up to help lower electricity costs.

AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation, the company announced on Monday, as the AI infrastructure boom continues.

Meta Platforms (META) has signed a multi-billion dollar deal to rent artificial intelligence chips from Google (GOOGL), to develop new AI models, The Information reported on Thursday, citing a person involved in the talks.

Advanced Micro Devices (AMD)stock surged 14% in premarket trading Tuesday after the chip maker agreed to a long-term deal with Meta Platforms (META).

Food delivery firm DoorDash’s (DASH.O), shares surged about 11% premarket on Thursday following a strong forecast for first-quarter marketplace gross order value, betting on steady demand and aggressive expansion across businesses.

Uber Technologies Inc. is planning to spend more than $100 million to build fast-charging, autonomous-vehicle charging stations in the US, the latest move to establish itself as a critical player in the robotaxi industry.

Meta Platforms (META) is expanding its business with Nvidia (NVDA) in a chips-and-networking deal likely to be worth tens of billions of dollars. It’s a reminder the chip maker is still the leading player in artificial-intelligence processors.

ByteDance will take steps to prevent the unauthorised use of intellectual property on its AI video generator Seedance 2.0, the Chinese technology firm said on Monday, following threats of legal action from U.S. studios, including Disney (DIS).

Roku (ROKU) stock was rallying on Friday, as analysts doubled down on the company as a potential streaming wars winner following a strong fourth-quarter earnings report.

Alphabet Inc. is selling Swiss franc-denominated bonds for the first time, following a bumper $20 billion deal in the US..

Spotify Technology (SPOT) was surging Tuesday after the audio-streaming company topped Wall Street’s fourth-quarter earnings targets and issued solid margin guidance.

French oil major TotalEnergies (TTEF), opens new tab on Monday signed two long-term deals to supply solar power to Google’s (GOOGL), opens new tab data centres in Texas, as it looks to tap rising electricity demand driven by artificial intelligence.

EU competition regulators have threatened to stop Meta Platforms from blocking artificial intelligence rivals from its WhatsApp messaging service while it investigates suspected abuse of a dominant position by the U.S. tech giant.

Meta (META) stock climbed early on Thursday after its fourth quarter earnings topped analysts’ expectations on the top and bottom lines.

As Meta tries to rapidly construct massive data centers to keep pace with the artificial intelligence craze, it’s turning to a 175-year-old glass manufacturer for help.

TikTok’s Chinese owner, ByteDance, on Thursday said it has finalized a deal to establish a majority American-owned joint venture that will secure U.S. data, to avoid a U.S. ban on the short video app used by over 200 million Americans.