Apple Intelligence Clears China Regulators, Taps Alibaba and Baidu
China's Cyberspace Administration of China (CAC) approved Apple Intelligence for deployment in the country, clearing the way for Apple to launch its generative AI suite in one of its largest markets after a two-year delay . The CAC on July…
Moonshot Launches Kimi K3, 2.8T-Parameter Open Model Claiming Parity With Anthropic Opus 4.8
Moonshot has launched Kimi K3, a 2.8-trillion-parameter open-weights model that the Beijing-based company claims outperforms leading US systems from Anthropic and OpenAI in some capabilities . The release represents the largest open-source…
EU Orders Google to Open Android and Search to Rival AI Assistants
The European Union has ordered Google to give rival AI assistants and search engines greater access to key parts of Android and Google Search, in a pair of binding decisions that carry direct implications for the competitive landscape aroun…
Apple Overtakes Nvidia as World's Most Valuable Company
Apple overtook Nvidia on Friday to reclaim the title of the world's most valuable company, a shift that reflects investors reassessing the outlook for artificial intelligence spending . Apple was last valued at approximately $4.88 trillion…
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RANKED · 7 THIS DAYStripe and Advent Reportedly Bid $53.4B for PayPal
Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion . Reuters reports the offer was submitted earlier this month and is backed by rough…
xAI Sues Grok User Accused of Generating CSAM
xAI filed a lawsuit on Tuesday against Terry Wayne Harwood, a South Carolina man the company accuses of using its Grok AI chatbot to generate child sexual abuse material (CSAM) — the first time the Elon Musk-owned firm has sued a user for a…
Fireworks AI Raises $1.5B Series D as Inference Platform Hits $1B Revenue
Fireworks AI has raised a $1.5 billion Series D round, with Menlo Ventures among the investors, as the inference platform reports annualized revenue of $1 billion and rapidly growing token volumes . The round positions Fireworks as one of…