In a move to counter a legal challenge, X has updated its Terms of Service to explicitly state it still owns the Twitter trademark. This comes days after a startup petitioned the USPTO to cancel the mark, claiming abandonment.
OpenAI is bringing former UK Chancellor George Osborne on board to head its international “OpenAI for Countries” initiative. This is part of the massive $500bn “Stargate” project to build AI data centers. The move follows rival Anthropic’s hiring of another ex-UK PM, Rishi Sunak.
A new report alleges Meta generated about $3 billion in 2024 from Chinese ads tied to scams and illegal activity. Internal documents show the company prioritized this revenue over enforcement, treating potential fines as a cost of doing business.
Nearly two dozen states have joined the FTC’s lawsuit against Uber over its Uber One subscription practices. The complaint alleges deceptive billing and an intentionally difficult cancellation process requiring up to 32 actions.
Ubisoft is diving into the competitive MOBA market by acquiring Amazon Games Montreal and its in-development game, March of Giants. This follows Amazon’s decision to “gut” its game division in October, halting work on major titles like its Lord of the Rings MMO.
Legacy retail tech stacks are a budget drain, with technical debt eating up to 40% of IT balance sheets. A new wave of modular, unified platforms promises to consolidate operations and free up resources for innovation instead of maintenance.
Despite mounting evidence that AI investments aren’t generating returns, CEOs are planning to spend even more. A survey of over 350 public-company CEOs reveals a stark disconnect between spending plans and financial results. This comes as fears of an AI bubble grow louder.
According to a portfolio manager at $35 billion Gabelli Funds, there are two kinds of market bubbles: earnings-driven and valuation-driven. He argues the current AI boom doesn’t fit either category, pointing to lower P/E ratios than the dot-com era and growing commercial use cases.
Monzo CEO TS Anil was forced out by the board after disagreements over the timing of an IPO and the pace of international growth. The fintech, which just turned its first profit, is now bringing in a former Google exec to lead its next chapter.
A major survey from EY reveals a counterintuitive trend among companies successfully using AI. Instead of mass layoffs, they’re using productivity gains to hire more people and buy more AI tools.
