What Bubble? Nvidia CEO Says AI Needs Trillions More in Investments
Nvidia CEO Jensen Huang urges for trillions more in AI infrastructure investments to sustain growth and avoid a bubble collapse, despite concerns about an overheated market.
Meta to Cut Around 10% of Metaverse Unit as AI Takes Priority
Meta is cutting around 10% of its metaverse unit’s staff, signaling a strategic shift towards artificial intelligence. This move reflects broader industry trends and the growing importance of AI in technology and business.
Meta to cut 10% of metaverse arm this week amid AI push: Report
Meta is cutting 10% of its metaverse arm, Reality Labs, as it shifts focus toward AI development, reflecting broader industry trends prioritizing AI over metaverse initiatives.
Google, Character.AI Agree to Settle US Lawsuit Over Teen’s Suicide
Google and Character.AI have settled a lawsuit alleging an AI chatbot contributed to a teen’s suicide, raising questions about AI accountability and the need for clearer regulations on AI safety.
Crypto heavyweights slam proposed 5% wealth tax in California
Crypto executives, including Bitwise CEO Hunter Horsley and Castle Island Ventures founding partner Nic Carter, have strongly opposed a proposed 5% billionaire tax in California, arguing it could drive away talent and stifle innovation.
European Commission investigates Google over web and YouTube content use for AI
European Commission’s probe into Google’s AI content use highlights the need for regulatory clarity in tech innovation.
Musk takes on EU as regulators defy Washington in U.S. Big Tech sweep
EU fines Elon Musk’s X platform, highlighting tensions between tech giants and regulators, impacting crypto’s regulatory landscape.
A judge ruled that Google’s default search and AI contracts must be renewed every year
Google’s contracts now require annual renewal, influencing competition and innovation in tech and AI sectors.