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AI News

News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.

Latest News

16 articles

Funding

Microsoft's AI Bet Pays Off: $3.2B Gain on Anthropic in One Quarter Nearly Matches OpenAI's Full-Year Return

Microsoft disclosed a $3.2 billion gain on its investment in AI lab Anthropic in Q4 fiscal 2026, nearly matching the $5 billion full-year gain from OpenAI. The gain boosted diluted EPS by $0.33, while OpenAI was marked down $600 million in the same quarter. Microsoft's dual investments in competing AI labs highlight its hedging strategy amid rapid AI market evolution.

Jul 293 minNeura News

Industry

Google Cloud boom justifies massive AI spending for Alphabet

Alphabet's latest earnings report shows Google Cloud revenue surged 82% year-over-year to $24.8 billion, driven by enterprise AI adoption. The company's profit hit $112.1 billion, a massive jump from $28.1 billion a year ago. CEO Sundar Pichai defended the company's hefty capital expenditures, saying investments in compute capacity will pay off in 2027.

Jul 222 minNeura News

Industry

Alphabet Profit Quadruples to $112 Billion on AI Investments

Alphabet reported a quadrupling of profit to $112.1 billion in the second quarter, driven by heavy investments in artificial intelligence. Revenue rose 24% to $119.8 billion, with Google Cloud surging 82%. The results exceeded Wall Street expectations, but concerns about AI spending persist amid new competition from China.

Jul 222 minNeura News

Industry

Meta lays off 8,000 employees to fund AI investments

Meta has reportedly laid off about 8,000 employees, roughly 10 percent of its workforce, as part of a cost-cutting effort to offset massive spending on artificial intelligence. The company is also moving thousands of workers to AI projects and closing open roles. CEO Mark Zuckerberg has forecast capital expenditures of up to $135 billion in 2026, nearly double the previous year.

May 212 minNeura News

Industry

Altman Testifies Musk Suggested Passing OpenAI to Kids

Sam Altman testified in the Musk v. Altman trial that Elon Musk once proposed handing control of OpenAI to his children if he died. Musk's lawyers questioned Altman on deception claims and investments, while Altman described Musk as fixated on dominating the company. The session featured tense exchanges and details on Altman's stakes in firms partnering with OpenAI.

May 135 minNeura News

Industry

Altman Testifies Musk Wanted OpenAI Passed to His Kids

Sam Altman testified in the Musk v. Altman trial that Elon Musk once proposed handing control of OpenAI to his children if he died. Musk's lawyers grilled Altman on past accusations of dishonesty from former colleagues and his investments in firms with OpenAI deals. Altman defended his leadership, noting the nonprofit's massive equity stake now over $200 billion.

May 135 minNeura News

Industry

Nadella: AI Success Lies in Intense Users and Usage, Not Seats

Microsoft CEO Satya Nadella emphasized that AI success depends more on intense users and usage than on seat counts. The company reported $82.89 billion in Q3 revenue, with Azure growing 40 percent and Microsoft 365 Copilot surpassing 20 million paying users. Microsoft plans $190 billion in 2026 investments amid a shift to usage-based models.

Apr 303 minNeura News

Industry

Bay Area 13-Acre Home Seeks Anthropic Equity Swap

A homeowner in Mill Valley offers a 13-acre property in exchange for equity from AI company Anthropic. Investment banker Storm Duncan calls it a diversification move to balance his real estate holdings with AI investments. The deal allows buyers to keep 20% of the shares' upside during the lockup period.

Apr 263 minNeura News

Funding

China Blocks Tech Firms from US Funding Without Approval

China's NDRC has instructed tech companies to reject US investments without approval. AI firms Moonshot AI, Stepfun, and ByteDance face restrictions. The policy follows Meta's $2 billion purchase of Manus amid concerns over technology transfers.

Apr 243 minNeura News

Industry

Meta to Cut 8,000 Jobs as AI Spending Reaches $135bn

Meta plans to eliminate 10% of its workforce, about 8,000 positions, next month while boosting AI investments to $135 billion this year. The move aligns with CEO Mark Zuckerberg's view that AI boosts productivity enough for one worker to handle team-sized tasks. Other tech giants like Amazon and Microsoft have also reduced staff amid heavy AI focus.

Apr 233 minNeura News

Industry

Meta to Lay Off 10% of Staff in May

Meta plans to cut around 10 percent of its workforce in May, affecting about 8,000 employees, according to a company memo. The layoffs aim to offset heavy investments in AI, including data centers and talent hiring. The company also plans to close 6,000 open positions amid rising capital spending projected at $115 billion to $135 billion for 2026.

Apr 233 minNeura News

Industry

Meta to Lay Off 10% of Workforce for AI Focus

Meta plans to reduce its workforce by 10 percent, affecting around 8,000 employees, and eliminate 6,000 open positions to prioritize artificial intelligence development. The company, which had over 78,000 staff at the end of 2025, faces high costs from AI investments exceeding $70 billion. CEO Mark Zuckerberg aims to build AI products like personal superintelligence amid competition from OpenAI, Google, and Anthropic.

Apr 233 minNeura News