Uber appoints new CFO as its AV plans accelerate
Uber is promoting Balaji Krishnamurthy, its VP of strategic finance and investor relations, to be its CFO, replacing its current finance chief Prashanth Mahendra-Rajah.
Linq raises $20M to enable AI assistants to live within messaging apps
Linq offers an API that lets companies offer their AI assistants via iMessage, RCS and SMS.
Nvidia invests $2B to help debt-ridden CoreWeave add 5GW of AI compute
CoreWeave will also integrate Nvidia’s products across its platform, including the new Rubin chip architecture.
From invisibility cloaks to AI chips: Neurophos raises $110M to build tiny optical processors for inferencing
Neurophos is taking a crack at solving the AI industry’s power efficiency problem with an optical chip that uses a composite material to do the math required in AI inferencing tasks.
Netflix revises offer to pay all cash for Warner Bros to stave off Paramount
However, the streaming giant is still offering the same $27.75 the companies had agreed on for WBD’s movie studio and streaming assets, and the deal continues to value the company at $82.7 billion.
Italy investigates Activision Blizzard for pushing in-game purchases
Italy has launched two investigations into Microsoft’s Activision Blizzard, alleging the company has engaged in “misleading and aggressive” sales practices for two of its most popular smartphone games.
India reportedly tells quick-commerce firms to drop 10-minute delivery promise
India’s labor ministry is pushing the country’s booming quick-commerce sector to prioritize the wellness and safety of its gig workers.
X restricts Grok’s image generation to paying subscribers only after drawing the world’s ire
Elon Musk’s AI company has restricted Grok’s controversial AI image-generation feature to only paying subscribers on X, after the tool invited heated criticism from across the world for letting users generate sexualized images of women…
Warner Bros. Discovery rejects Paramount’s bid again, calls it a ‘leveraged buyout’
The studio’s board unanimously rejected Paramount Skydance’s revised $108.4 billion bid, calling the proposal a “leveraged buyout” that would saddle the company with $87 billion in debt.
Italy tells Meta to suspend its policy that bans rival AI chatbots from WhatsApp
Italy has ordered Meta to suspend its policy that bans companies from using WhatsApp’s business tools to offer their own AI chatbots on the popular chat app.