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The Federal Trade Commission said it is appealing a November ruling that cleared Meta Platforms of accusations that the company improperly monopolized the social media business. In a statement, the FTC said the appeal will be heard by the U.S. Court of Appeals for the District of Columbia. The ...
Amazon CEO Andy Jassy said on Tuesday that the retail giant is open to working with other companies to run their AI shopping assistants on its site, where it already offers its own shopping chatbot. “I think that over time we will work with other third-party agents as well,” Jassy said, ...
Netflix reported 17.6% higher revenue in the fourth quarter, ahead of its projections, and revealed that its ad revenue had more than doubled in 2025 to $1.5 billion. That was the first time the company had given a precise number for its ad business, which was launched just over three years ago. ...
ServiceNow has signed a multi-year deal to pay for OpenAI’s artificial intelligence models in its business software, the two companies said on Tuesday. Under the agreement, OpenAI will now be the “preferred” AI model provider in ServiceNow’s software. In the past, ServiceNow let customers choose ...
Elon Musk and Sam Altman traded barbs on X this week over media reports of deaths linked to OpenAI’s ChatGPT and other AI-related safety issues. On Monday, Musk shared a post about a man who committed a murder-suicide after a series of delusional conversations with ChatGPT, calling the story “ ...
Fintech startup Checkbook began with the promise to help banks eliminate paper checks and transformed itself into an international payments company that leveraged a relationship with JPMorgan Chase to give all manner of customers access to the U.S. financial system.
JPMorgan recently told Checkbook it was winding down its relationship with the firm rather than face the regulatory risks...
AI startups talk a lot these days about how their products will be revolutionary by automating white collar work. But it’s rarer to hear messy stories about the hiccups AI startups face when trying to build such products for businesses, or the awkward situations that can arise when they roll out their own technology internally. That makes a recent podcast with an xAI engineer—who left the company...
Before we get to today’s column, OpenAI’s Chief Financial Officer Sarah Friar pulled back the curtain this weekend on how the ChatGPT maker’s consumption of computational resources and annualized revenue have grown at approximately the same pace over time. That isn’t super surprising, given that most companies would expect their revenue to grow with increasing levels of investment. (The real...
Pinterest named former Spotify ads chief Lee Brown as its first Chief Business Officer, overseeing sales, content, “ad product marketing” and “customer-facing operations.” The appointment comes days after Brown quit DoorDash after just a few months. At the same time, Pinterest said Chief Revenue ...
Netflix is converting its offer for Warner Bros. Discovery to make it all cash, but at the same $27.75 a share level that the companies agreed in early December, both companies said Tuesday. The revised offer reflects pressure from bidder Paramount Skydance, which is offering $30 a share for all ...