Meta refuses to sign EU’s AI code of practice
Meta will not sign the EU’s new rules, calling the implementation “over-reach”
Google inks $3B deal to buy hydropower from Brookfield
Google will pay more than $3 billion to source carbon-free hydropower from Brookfield Renewable Energy Partners’ plants in Pennsylvania.
Indeed, Glassdoor to lay off 1,300 staff
Recruit Holdings, the Japanese parent of Indeed and Glassdoor, is laying off about 1,300 employees, or 6% of the staff at the two job sites.
EU says it will continue rolling out AI legislation on schedule
The European Union said it will stick to its timeline for rolling out its AI legislation, ignoring calls by tech companies to delay the bloc’s AI rules.
Foxconn tells hundreds of Chinese staff to return from its Indian iPhone factories
Foxconn ordered over 300 Chinese employees to return home from its factories in India, per Bloomberg.
xAI raises $10B in debt and equity
Elon Musk’s AI company, xAI, has raised $5 billion in debt and $5 billion in equity, Morgan Stanley said on Monday.
People use AI for companionship much less than we’re led to think
A report by Anthropic reveals that people rarely seek companionship from AI, and turn to AI for emotional support or advice only 2.9% of the time.
UK may require Google to give users alternative search options and rank its results ‘more fairly’
The UK’s competition regulator may require Google to offer users alternative search engines; change how it ranks searches; and improve data portability.
Amazon to invest $233M to enhance its India infrastructure
Amazon is investing $233M in its India business to expand operations infrastructure, build new tools for its delivery network, and work on employee safety.
Humain planning $10B VC fund to invest in US, European and Asian startups
Humain, the state-owned AI company from Saudi Arabia, is reportedly on track to launch a $10 billion venture fund, Humain Ventures.