Meta's Zuckerberg admits 'mistakes' made on AI transformation
Meta CEO Mark Zuckerberg has said that the social media giant has made mistakes on its AI transformation, in an internal memo seen by Reuters. Source link
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China Opposes US Move to List Top Firms as Military Companies
BEIJING (AP) — China said Saturday it firmly opposed the U.S. adding several prominent Chinese businesses to its list of military companies, and that the move ignored the consensus reached during U.S. President Donald Trump’s summit with Chinese leader Xi Jinping last month. The Pentagon on Monday Source link
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SpaceX stock jumps nearly 20% following largest IPO ever
SpaceX’s (SPCX) stock opened at $150 on Friday — an 11% jump from its IPO price — and finished up nearly 20% for the day. The rocket and satellite company priced its IPO Thursday night at $135 per share ahead of today’s debut on the Nasdaq Composite (^IXIC), trading under the ticker SPCX (SPCX). “SpaceX…
Justice Dept. Clears Way for Paramount-Warner Bros. Merger
The Justice Department will not challenge Paramount’s merger with Warner Bros. Discovery, clearing a major hurdle for the $111 billion deal, the agency said Friday. The merger would consolidate the ownership of two major movie studios; two major streaming services, Paramount+ and HBO Max; and two television news networks, CNN and CBS News, under the…
SpaceX IPO creates windfall for thousands of current and former workers
Employees at SpaceXs facility in Hawthorne, California, share their thoughts on the companys initial public offering. (Splash News for Fox News Digital) SpaceX’s record-setting IPO is creating a financial windfall for thousands of the company’s current and former employees who received stock as part of their compensation. Workers who hold stock in non-public companies are…
Trump’s DOJ approves Paramount-Warner Bros. merger, as potential state lawsuits loom
Summary The Justice Department has approved Paramount’s acquisition of Warner Bros. Discovery, including CNN and HBO. State attorneys general may still file a lawsuit challenging the merger on antitrust grounds. The deal has drawn scrutiny over Paramount’s ties to President Trump and concerns about press freedom. AI-generated summary was reviewed by a CNN editor. The…
SBA kicks off new audit of economically disadvantaged contractors
The Small Business Administration is expanding its scrutiny of socio-economic contracting programs to now include a review of the women-owned small business program. In an email sent to economically disadvantaged women-owned small businesses earlier this week, SBA is giving these firms until June 30 to respond to a survey and provide the agency with “personal…
Elon Musk, the world's first trillionaire – his stratospheric rise in charts
The BBC breaks down how the tech mogul’s fortune has grown. Source link
Anthropic's Claude Fable 5 and Mythos 5 AI suspended over security fears
Anthropic’s Claude Fable 5, released publicly this week, sparked concerns about cybersecurity and hacking. Source link