Internet
Trump ends de minimis exemption for global low-cost goods
A U.S. postal worker delivers Amazon boxes outside of the New York Stock Exchange on Oct. 11, 2018. Spencer Platt | Getty Images President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any […]
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Meta slated to reported second-quarter earnings after the bell
Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to the company’s costs and related guidance amid CEO Mark Zuckerberg’s recent artificial intelligence hiring blitz. Here’s what analysts polled by LSEG are expecting: Earnings per […]
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Google execs say employees have to ‘be more AI-savvy’ as competition ramps up
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Google executives are pushing employees to act with more urgency in their use of artificial intelligence as the company looks for ways to cut costs. That was the message […]
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Meta’s AI spending spree is Wall Street’s focus in second-quarter earnings
Over the years, Meta has built a reputation for using rivals’ innovations to bolster its technology. But its decision to copy a Chinese artificial intelligence lab in 2025 in an effort to compete with OpenAI backfired, forcing the company to overhaul its AI strategy. In a rush to mimic the techniques developed by Chinese startup […]
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Samsung backs South Korean AI chip startup Rebellions ahead of IPO
The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. Rebellions South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up […]
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Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says
Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London, UK, on Friday, July 19, 2024. Bloomberg | Bloomberg | Getty Images Revenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, EssilorLuxottica revealed Monday as part of the company’s most recent earnings report. EssilorLuxottica […]
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Trump Organization says Amazon, Walmart, eBay sellers are hawking knockoff shirts, hats, mugs
The Trump Organization is seeking to prevent some online businesses from hawking counterfeit merchandise promoting President Donald Trump. In a lawsuit filed Friday in U.S. District Court in Florida, the company accused unnamed merchants of selling “inferior imitations” of Trump-branded products on several online marketplaces, including Amazon, Walmart and eBay. The Trump Organization company, which […]
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Alibaba to launch AI-powered glasses creating a Chinese rival to Meta
Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category. Alibaba Alibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm’s first foray into the product category. […]
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Meta names OpenAI’s Shengjia Zhao as chief scientist of AI Superintelligence Lab
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg on Friday said Shengjia Zhao, the co-creator of OpenAI’s ChatGPT, will serve as the chief scientist of Meta Superintelligence Labs. Zuckerberg […]
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Musk’s Grok AI is now on the Kalshi, Polymarket betting apps. What could go wrong?
Nurphoto | Nurphoto | Getty Images Elon Musk is now a driving force in prediction markets. Musk’s xAI on Thursday announced a partnership to integrate its artificial intelligence chatbot Grok with Kalshi’s prediction markets service. In June, xAI announced a similar deal with Polymarket, a Kalshi rival. Kalshi, the company that turned heads with a made-with-AI […]
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