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Meta plans substantial layoffs to offset heavy AI spending and improve productivity. Despite heavy investment, its AI model Avocado underperforms, yet Meta remains well positioned for an AI-driven fu…
Analysts caution that AI may reduce Meta's profitability by lowering software costs and increasing competition, while Meta considers expanding its data center in Abilene, Texas amid rivals’ slowed gr…
Two key co-founders resigned from Elon Musk's AI startup xAI amid internal pressure to compete with AI rivals, coinciding with a recent merger with SpaceX, raising concerns about Tesla's related AI i…
Amazon announced plans to cut 16,000 jobs to streamline operations amid rising AI competition, aiming to boost efficiency and reduce bureaucracy.
A federal court allowed an antitrust suit to proceed against Apple and OpenAI, alleging unfair competitive advantage from AI integration in iPhones, potentially harming innovation and consumer choice…
Apple and OpenAI asked a U.S. judge to dismiss xAI's lawsuit alleging preferential treatment via an exclusive ChatGPT App Store deal; Apple says integration isn't exclusive and plans other partnershi…
Meta held talks with Google to use Gemini AI for ad targeting, suggesting its in-house models may lag. Shares slipped while Google rose; Meta downplayed the discussions, but the report highlights pre…
xAI's Grok 4 models won GSA approval for federal use at a very low $0.42 price for 18 months, undercutting rivals and intensifying AI competition with Google and others.
Meta unveiled consumer-ready smart glasses (likely named Celeste) with a built-in display and an $800 price, boosting hardware momentum but facing AI competitiveness and child-safety scrutiny.
Alphabet (GOOGL) jumped 4.5%, topping a $3 trillion market cap after a judge’s decision eased breakup fears; shares are up 33% YTD despite rising search competition from AI chatbots.
Judge limits remedies in Google search monopoly case, citing rapid AI-driven competition. Ruling may weaken antitrust enforcement across Big Tech, potentially aiding Google, Meta, Apple and others wh…
A U.S. judge rejected breaking up Alphabet, letting Google keep Chrome and Android control while limiting some exclusive contracts; shares jumped on the ruling, easing a major regulatory overhang but…
A court ordered Google to share search data with rivals, lowering barriers for AI competitors while Google retains key distribution advantages; experts say rivals need massive capital and time, so th…
Elon Musk’s X and xAI sued Apple and OpenAI alleging an anticompetitive scheme blocking rivals in app rankings and generative AI, escalating a legal battle over App Store treatment and AI competition.
Elon Musk promoted xAI's new project 'Macrohard', filing a trademark and positioning the startup as a potential AI software rival to Microsoft. The move is part jest, part signal that xAI may pursue …