Big tech is on track to spend $1 trillion on AI this year
Tech giants are on pace to double AI spending this year.
Investing
Key moments in Elon Musk’s trial against Sam Altman: ‘I was a fool’ to fund OpenAI
Tesla billionaire Elon Musk reportedly declared, “Without me, OpenAI wouldn’t exist,” on the witness stand Wednesday as his testimony in his trial against Sam Altman stretches into a second day.
OpenAI investors Nvidia and Oracle fall after AI giant misses revenue target: reports
One executive told employees that OpenAI may be unable to fund future computing contracts.
Anthropic taps tech veteran to head new Sydney HQ
The AI giant behind Claude has appointed Theo Hourmouzis as General Manager for Australia and New Zealand and confirmed the opening of its Sydney office, as the company expands its enterprise and government footprint in the region.
Robinhood invests $75 Million in OpenAI—allowing indirect investments into AI giant
A recent funding round valued OpenAI at more than $850 billion.
Tesla beats first-quarter expectations amid pivot to robotics, AI
The automaker said demand for its vehicles has rebounded from recent declines .
Billionaire Robin Khuda’s AirTrunk expands in India with Lumina CloudInfra deal
Data centre investments are surging in India, fuelled by rapid growth in AI and cloud computing. The country’s capacity is expected to rise more than fivefold to 10 gigawatts by 2030 from about 1.5 gigawatts last year, according to consulting firm Deloitte.
Who is John Ternus? The man set to replace Tim Cook as Apple CEO
Cook has been Apple’s CEO for nearly 15 years.
‘Before Canva was Canva’: Mel Perkins on the original vision now shipping at scale
From newsrooms to meeting rooms to boardrooms, the shift to agentic workflows is letting leaders focus on the story instead of the process. Perkins says she has been building towards this moment since before Canva was Canva.
Netflix beats expectations as cofounder Reed Hastings steps down from board
Netflix shares still plunged after beating first quarter revenue expectations.