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Microsoft launches a $2.5 billion AI deployment business with 6,000 engineers

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Microsoft announced a new operating business called Microsoft Frontier company on Thursday, backed by a $2.5 billion investment and 6,000 industry and engineering experts. The venture is focused on delivering enterprise AI deployments using Microsoft’s existing tools, with early partnerships including the London Stock Exchange Group, Unilever, Land O’Lakes, and Accenture. Commercial Business CEO Judson […]

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Google loses final appeal over record €4.1 billion EU Android fine

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The Court of Justice of the European Union has dismissed Google’s final appeal against a €4.1 billion antitrust fine, ending an eight-year fight over how the company built Android into a vehicle for its search and browser dominance. The ruling, handed down on Thursday, leaves the penalty intact and closes off any further judicial route […]

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Nvidia offers AI startups compute now, payment later

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Instead of just selling chips, Nvidia is offering AI clouds a revenue-sharing and credit-support model built to get GPUs into the hands of companies that could not otherwise afford them. Nvidia is changing how it gets paid. The company announced on Wednesday a new arrangement in which AI cloud providers can access large volumes of its […]

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US in talks with AI companies over voluntary standards for new models

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The US government is negotiating voluntary standards with AI companies covering how new models get released, according to the Financial Times, with an announcement said to be possible within the next week. The standards would reportedly set benchmarks and timelines for advanced models, while clarifying who gets access to them inside the US and abroad. […]

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OpenAI has reportedly offered Washington a 5% stake worth $42.6bn

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OpenAI has proposed handing the US government a 5% equity stake in the company, according to the Financial Times, as the White House and Silicon Valley’s best-funded startup edge closer to a deal that has been under discussion for more than a year. At OpenAI’s $852bn valuation, struck in its record-breaking March funding round, a […]

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Alibaba will pay 600 million dollars to settle a US probe into illegal pharmaceutical sales on its platform

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Alibaba and its US digital payment processor have agreed to pay 600 million dollars to resolve a federal investigation into whether they failed to prevent the sale and importation of illegal pharmaceuticals and controlled substances, the Justice Department said on Wednesday. Alibaba entered into a non-prosecution agreement to end a probe of alleged violations of […]

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Ashton Kutcher is leaving Sound Ventures to start a new VC firm with Morgan Beller

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Ashton Kutcher is leaving Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a new venture capital firm with Morgan Beller, according to TechCrunch. The new firm will target early-stage investments in AI infrastructure, energy, and deep tech, areas where Kutcher believes the next generation of transformative companies will be […]

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Meta wants to rent out its spare AI compute, and Wall Street likes the idea

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A reported plan to sell surplus computing power would put Meta up against AWS, Google Cloud and Azure, and give investors a reason to look past its spending. Meta has spent two years buying every scrap of AI computing power it can lay hands on. Now it appears to be working out how to sell […]

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Swedish court orders Google to pay Klarna nearly $2 billion in antitrust damages

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A Swedish court has ordered Google to pay more than 14 billion kronor to Klarna’s PriceRunner subsidiary for illegally favouring its own comparison shopping service in search results. The ruling, handed down on Tuesday by the Patent and Market Court in Stockholm, is the largest competition damages award in Swedish history. Presiding judge Linda Kullberg […]

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EU tech chief and Tim Cook hold ‘constructive’ talks as Siri AI stays blocked in Europe

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Apple chief executive Tim Cook and the European Union’s technology chief spoke by video call on Monday, and both sides came away describing the exchange as “constructive”. That word is doing a lot of work. Executive Vice-President Henna Virkkunen, who oversees the bloc’s digital rulebook, held the meeting with Cook on 30 June. An EU […]

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