Meta says it will invest $600 billion in the US, with AI data centers front and center
Meta said on Friday that it's investing $600 billion in US infrastructure and jobs by 2028. Although the announcement is light on specifics (and heavy on standard Big Tech self-congratulation), i [...]
Apple starts testing China’s state-backed memory chips, and Washington is watching
Apple has begun testing memory chips from China’s state-backed CXMT for devices sold in China, the Financial Times reports. That puts it behind a supplier Washington has flagged as a security risk. [...]
White House accuses China of industrial-scale AI model distillation, commits to intelligence sharing with OpenAI, Anthropic, Google
Summary: The White House OSTP released a policy memo accusing China of “industrial-scale” distillation of US AI models, committing to share intelligence with US AI companies and explore accountabi [...]
Sachin Bansal’s Navi hires banks for a $315m IPO, four years after his first attempt stalled
Navi, the Indian fintech founded by Flipkart co-founder Sachin Bansal, has hired banks for an initial public offering of about $315m, according to a Bloomberg report. It is the clearest sign yet that [...]
Meta killed its Muse Image AI feature three days after launch. Hollywood had had enough.
Meta has pulled its Muse Image AI feature from Instagram and the Meta AI app just three days after launch, saying the tool “missed the mark” on user privacy. The model, the first image generator [...]
Aptera has found someone to build its solar car, and it is in Shanghai
Aptera has partnered with Shanghai’s Launch Design on a manufacturing programme worth up to $44mn, covering tooling, testing and pilot production. Aptera pays two-thirds of the costs, while its late [...]