Meta is still burning money on AR/VR
Meta is losing billions on Reality Labs each quarter, and its AI expenditures are only going to increase its spending.
Satya Nadella says he’s ready to ‘exploit’ the new OpenAI deal
Microsoft gets to offer OpenAI’s tech to its cloud customers and doesn’t have to pay for it. “We fully plan to exploit it,” Nadella said.
Microsoft says it has over 20M paid Copilot users, and they really are using it
Despite the lingering perception that no one really uses Copilot, Microsoft said on Wednesday that the number of users and engagement is growing.
Google Cloud surpasses $20B but says growth was capacity-constrained
Google Cloud topped $20B in quarterly revenue for the first time, fueled by surging demand for AI. But capacity constraints mean it could have grown even faster.
Google gains 25M subscriptions in Q1, driven by YouTube and Google One
Google added 25M paid subscriptions in Q1, reaching 350M total, as YouTube and Google One grow.
Parallel Web Systems hits $2B valuation five months after its last big raise
The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after raising a previous $100 million.
Google Photos uses AI to make the iconic closet from ‘Clueless’ a reality
Google recreates Cher’s closet from “Clueless” with AI.
More Gemini features are coming to Google TV
Google TV just got more Gemini features, including the ability to transform photos and videos with tools Nano Banana and Veo.
Firestorm Labs raises $82M to take drone factories into the field
A defense startup just raised $82 million to put drone factories inside shipping containers and bring manufacturing to the front lines.
BMW i Ventures has a new $300M fund and AI is riding shotgun
BMW i Ventures is interested in startups working on agentic AI and physical AI, as well as industrial software, advanced materials, and manufacturing and supply chain technologies.