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Apple is losing more than $1 billion per year on its streaming service, Apple TV+, according to a new report from The Information. Apple TV+ is the only service in Apple’s portfolio that isn’t profitable, the report reveals. The company has spent around $5 billion on content each year since the streaming service launched in…
A federal judge on Thursday issued an order blocking Elon Musk’s Department of Government Efficiency from accessing systems at the Social Security Administration (SSA) that store the personal information of millions of Americans. In the Thursday ruling, U.S. District Judge Ellen Hollander in Maryland accused DOGE of being “essentially engaged in a fishing expedition” in…
Apple has been sued in federal court over what plaintiffs allege is false advertising of several Apple Intelligence features. Filed Wednesday in U.S. District Court in San Jose, the suit seeks class-action status and damages on behalf of those who purchased Apple Intelligence-capable iPhones and other devices. Plaintiffs claim that device owners haven’t received the…
Intel’s new CEO Lip-Bu Tan seems ready to get right to work to turn around the struggling company. The semiconductor giant’s new executive is considering sweeping changes for the company’s chip manufacturing and AI strategies, according to Reuters, including cutting middle management staff and revamping the company’s approach to manufacturing chips. Tan reportedly told company…
Meta is facing an AI copyright publisher lawsuit in France accusing it of economic “parasitism,” Reuters reports. The French litigation was filed in a Paris court this week by the National Publishing Union (SNE), the National Union of Authors and Composers (SNAC), and the Society of People of Letters (SGDL), which are accusing Meta of…
Meta is reportedly testing an in-house chip for training AI systems, a part of a strategy to reduce its reliance on hardware makers like Nvidia. According to Reuters, Meta’s chip, which is designed to handle AI-specific workloads, was manufactured in partnership with Taiwan-based firm TSMC. The company is piloting a “small deployment” of the chip…
Dustin Moskovitz is retiring from Asana, the software company he founded in 2008. Asana, a task management platform, announced his retirement as part of the company’s fiscal fourth-quarter earnings report, CNBC reported. Moskovitz informed the board he intends to move into a chair role when a new CEO starts. The company has raised more than…
Google co-founder Larry Page is building a new company called Dynatomics that’s focused on applying AI to product manufacturing, according to The Information. Page is reportedly working with a small group of engineers on AI that can create “highly optimized” designs for objects and then have a factory build them, per The Information. Chris Anderson,…
The launch of Anthropic’s coding tool, Claude Code, is off to a rocky start. According to reports on GitHub, Claude Code’s auto-update function contained buggy commands that rendered some workstations unstable and broken. When Claude Code was installed at the “root” or “superuser” levels — permissions that give programs the ability to make operating system-level…
Meta reportedly plans to release a standalone app for its AI assistant, Meta AI, in a bid to better compete with AI-powered chatbots like OpenAI’s ChatGPT and Google’s Gemini. According to CNBC, Meta could launch a standalone Meta AI app as soon as the company’s next fiscal quarter (April-June). Meta AI is currently only available…