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UK regulator sets out conduct requirements for Google's search services
Reuters49d agoneutral
UK regulator sets out conduct requirements for Google's search services

Britain's competition watchdog ‌set out two ‌conduct requirements for Google's ​search services under its regulatory regime to secure "a fairer deal" ‌for businesses ⁠and improve Google search services ⁠in the country. The first requires Google ​to improve ​transparency ​and fairness ‌in how search results are ranked, while the second requires Google to allow users ‌to move ​their search ​data ​to authorised ‌third parties, the ​Competition ​and Markets Authority said in a statement ​on ‌Wednesday.

HSBC partners with Google Cloud to expand AI usage
Reuters50d agoneutral
HSBC partners with Google Cloud to expand AI usage

HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building ‌the British bank's artificial intelligence capabilities. The tie-up marks the ‌latest step in HSBC CEO Georges Elhedery's drive to embrace the revenue-generating and cost-savings ​power of AI which can process vast amounts of data, automating tasks previously done by people. The partnership, which HSBC said will focus on areas such as advice for wealth management clients and financial ‌crime risk management, shows ⁠how banks worldwide are accelerating their adoption of AI as they compete in a technology arms race ⁠with each other.

Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
Reuters50d agoneutral
Amazon may face penalties from potential FTC ad suit, Bloomberg News reports

Amazon.com may face a U.S. Federal Trade Commission lawsuit ‌that could result in civil ‌penalties, following allegations that the e-commerce giant misled ​advertisers, Bloomberg News reported on Tuesday. The FTC has a possible complaint against Amazon as part of an ongoing probe, ‌Bloomberg reported, ⁠citing people familiar with the matter. The agency has been investigating whether Amazon and Alphabet's Google ​misled advertisers ​that place ads ​on their websites, ‌Reuters reported last year.

Palantir stock faces hidden AI risk after Google deal
TheStreet50d agoneutral
Palantir stock faces hidden AI risk after Google deal

Palantir Technologies (PLTR) has spent years trying to convince Wall Street that it can become one of the most important software companies in the artificial intelligence boom. Its most recent action does just that. Palantir said on June 4 its software is available through the Google Cloud ...

Who Is The World’s Second Richest Person?
24/7 Wall St.50d agoneutral
Who Is The World’s Second Richest Person?

After SpaceX’s (NASDAQ: SPCX) IPO, Elon Musk’s net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars). His net worth has risen to $653 billion this year. That increase alone is larger than the net worth of the second-richest ... Who Is The World’s Second Richest Person?

SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings
24/7 Wall St.50d agoneutral
SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings

CNBC’s Leslie Picker walked viewers through the mechanics of last week’s blockbuster listing on June 15. She framed SpaceX (NASDAQ: SPCX) as more than the biggest IPO ever priced. “Friday’s debut went off really smoothly. There were no technology glitches in the 19% day one gain meant that those who received allocation generated a pretty ... SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings

French startup bets on non-humanoid design in crowded AI robot race
Reuters50d agoneutral
French startup bets on non-humanoid design in crowded AI robot race

Genesis AI, the French robotics startup backed by former Google CEO Eric Schmidt, unveiled ‌its first general-purpose robot on Tuesday, as AI capabilities expand beyond chatbots and ‌into physical machines. The robot, named Eno, breaks from the humanoid design usually favoured by leading manufacturers, featuring ​a wheeled base rather than legs, a foldable tower and hands that the company says match the form of a human hand. Founded in early 2025, Genesis AI has raised $105 million (€90.6 million), one of France's largest and matching the record seed round of Mistral AI - Europe's leading AI company.

Bloomberg50d agoneutral
Trump’s Anthropic Crackdown Sets Off AI Alarms for US Allies

(Bloomberg) -- With the recent crackdown on Anthropic, the Trump administration has given global leaders another reason to panic about their place in the technology race.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen HormuzOn Friday, the

How SpaceX’s First Day Compares With Mag-7 Debuts
The Wall Street Journal51d agoneutral
How SpaceX’s First Day Compares With Mag-7 Debuts

Space-X pulled off a Goldilocks IPO on Friday, and for good measure today is adding another gain to its initial 19% rise. Here's how other high-profile IPOs did on their first day of trading, according to Dow Jones Market Data: ‘Magnificent Seven’ growth stocks Nvidia, up 64%.

Bloomberg51d agoneutral
Starmer Announces Full Ban on Social Media for UK’s Under 16s

(Bloomberg) -- Prime Minister Keir Starmer announced what he described as a “full ban” on children using social media, one of the strictest online crackdowns in the democratic world and going beyond limits imposed by Australia last year.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s B

Bloomberg52d agoneutral
Anthropic Block Marks US Reversal, Warning to Silicon Valley

(Bloomberg) -- The extraordinary move by the US to bar foreign access to Anthropic PBC’s best AI models underscores the Trump administration’s newfound willingness to exert control over a pivotal industry. It also reminds Silicon Valley that it’s working with an imperfectly understood technology with uncertain impact.Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Rest

Investing.com52d agoneutral
How ‘agentic’ is AI shopping today

Investing.com -- Agentic shopping is the use of AI agents to carry out parts of the shopping process on behalf of the customer instead of merely providing recommendations. Google’s agentic shopping protocol, for instance, enables agents to work across different parts of the buying processes, including discovery and post-purchase support. But has agentic shopping reached the capacity to directly make shopping decisions on customers’ behalf?

Goldman Sachs resets Apple stock forecast after WWDC
TheStreet52d agoneutral
Goldman Sachs resets Apple stock forecast after WWDC

Apple has spent years trying to convince investors that its next major growth story will not depend only on a new iPhone. That effort has become more urgent as artificial intelligence reshapes the technology industry, with rivals including Google, Microsoft, OpenAI, and Meta moving faster with ...

Investing.com52d agoneutral
How Booking won online travel & can it win AI travel?

Investing.com -- Booking Holdings (NASDAQ: BKNG) remains one of the strongest players in online travel, but artificial intelligence could eventually challenge some of the company’s competitive advantages, according to a report from Bernstein.

What the SpaceX IPO Portends for OpenAI and Anthropic
The Wall Street Journal54d agoneutral
What the SpaceX IPO Portends for OpenAI and Anthropic

SpaceX’s soaring shares, which brought the company’s market value to $2.1 trillion on Friday, was a stunning debut for the first of what could be three of the largest IPOs in history. AI giants Anthropic and OpenAI have filed paperwork in preparation for potential public listings and could IPO later this year. What does SpaceX say about investor appetite for AI?

Bloomberg54d agoneutral
Paramount’s Deal for Warner Bros. Is Cleared by US DOJ

(Bloomberg) -- The US Justice Department has closed its antitrust probe into Paramount Skydance Corp.’s $110 billion purchase of Warner Bros. Discovery Inc., according to people familiar with the decision.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOTrump Insists Iran Deal Is Close

Bloomberg54d agoneutral
SpaceX Rented Out Computing After Own Teams Had Trouble Using It

(Bloomberg) -- SpaceX decided to rent out the full capacity of its Colossus 1 data center in Memphis to Anthropic PBC after encountering technical challenges using the facility to develop and run its Grok artificial intelligence models, according to people familiar with the matter. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Ir