Earlier this month, Meta laid off 10% of the staff for Reality Labs, its virtual reality unit, reportedly cutting as many as 1,000 employees. Now, in a development that seems directly related, the company has revealed that the unit lost many billions of dollars last year. On Wednesday, Meta’s earnings report showed that its embattled…
Mapping Australia’s AI sector: Key players, top investors, and funding insights in one report.
Tesla will “basically stop the production” of its Model S and X electric vehicles next quarter, CEO Elon Musk has announced at the automaker’s earnings call for the 2025 fiscal year. “It’s time to bring the Model S and X program to a end with an honorable discharge, because we’re really moving into a future…
Sebastiaan de With, known for his work on apps like Halide, Kino, and Orion as the co-founder of Lux, is joining Apple’s design team, he announced today. “So excited to work with the very best team in the world on my favorite products,” de With says in his post. It’s unclear what the future of…
Tel Aviv-based startup Factify emerged from stealth today with a $73 million seed round for an ambitious, yet quixotic mission: to bring digital documents beyond the standard formats most businesses use — .PDF, .docx, collaborative cloud files like Google Docs — and into the intelligence era. For Matan Gavish, Factify’s Founder and CEO, this isn’t…
Apple’s internal letter called for ‘de-escalation’ but stopped short of admonishing the president, sparking anger among employees in the wake of the recent Minnesota shooting. President Trump is facing a rare bipartisan backlash after a group of federal agents shot and killed protester Alex Pretti in Minneapolis on Saturday. But tech industry leaders—once some of…
Meta announced Wednesday that it will charge developers for running chatbots on WhatsApp in regions where regulators are forcing the company to allow them. The move comes after the company’s ban on third-party chatbots on WhatsApp took effect on January 15. For now, Meta will charge developers in Italy, where the country’s competition watchdog asked…
Previous government initiatives include around a US$393 million fund allocated to AI Singapore for research and development.
Following its recent AI makeover of Gmail, Google is bringing more Gemini-powered tools to Chrome. Starting today, a host of new features are rolling out for the browser, with more to come over the next few months. The first of the new features is a sidebar. Available to all Gemini in Chrome users, the interface…
Beyond Meat just launched a new product that’s even further from meat than ever before: a protein soda. Beyond Immerse is the company’s first product that makes no attempt to replicate meat whatsoever, marking a sharp shift in Beyond’s business model. It might seem like it comes out of left field, but it all clicks…
