An activist investor says the market has decided Lionsgate is an AI casualty. It wants the studio to prove otherwise or sell.

Activist investor Anson Funds is pressing Lionsgate to redefine itself for the AI era or put itself up for sale, according to a July letter to the board reviewed by Semafor. The argument turns on how [...]

SEC settles fraud case against Adit Ventures over fake SpaceX and Klarna pre-IPO shares

The US Securities and Exchange Commission has settled fraud charges against private-fund adviser Adit Ventures Management LLC, its CEO Eric Munson, and three affiliated general partners, in a case tha [...]

IBM bets $240m on cheap, open-source inference to take on the hyperscalers

A multi-year deal with the startup Together AI will put Nvidia Blackwell systems on IBM Cloud, and the wager is that enterprises now care more about the cost of running AI than the prestige of the mod [...]

Tesla emptied its share of California’s new EV rebate in five days

Tesla exhausted its share of California’s MyFirstEV rebate between August 3 and August 8. The $50,000 price cap is waived for California-headquartered EV-only makers like Rivian and Lucid, but not T [...]

Meta and TikTok agree to fact-check border content after Ceuta tragedy

Meta and TikTok have agreed to fact-check content about Spain’s border crossings, a voluntary commitment brokered by Brussels after a catastrophe that showed how quickly a viral video can turn into [...]

Target appoints its first chief AI officer as retailers scale up AI spending

Target has named Lowe’s executive Chandhu Nair as its first chief AI officer, starting August 24. IBM research puts the share of organisations with a chief AI officer at 76% this year, up from 26% i [...]

Apple Executive Who Launched Apple Pay Is Retiring After 25 Years

Jennifer Bailey, head of Apple Pay and Wallet since the service launched in 2014, is retiring in October after more than 25 years at Apple. Her exit is one of several senior departures ahead of Tim Co [...]

Sonos Plans September Launch Event and Deeper Push Into Home AI

Sonos chief executive Tom Conrad says model quality will converge and the advantage will sit with hardware that already knows a home. An FCC filing names the first product of that push, the Ace Ultra [...]

SpaceXAI launches Grok Bot as the agent race moves to office work

SpaceXAI has launched Grok Bot in beta, AI agents that sign into apps and websites, retain context between tasks and coordinate with each other. Access is limited at first to SuperGrok Heavy, Cursor U [...]