Category Archives: Tech

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Tesla to invest $2 billion in xAI, Elon Musk’s OpenAI competitor

In its earnings report on Wednesday, Tesla said it invested $2 billion in xAI, Elon Musk’s artificial intelligence startup.

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Meta Forecasts Spending of at Least $115 Billion This Year

That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.

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Tesla Profit Slumps, but Investors May Not Care

The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.

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Microsoft Continues to Spend Big on A.I. While Profit Jumps 60%

The company said on Wednesday that revenue in the most recent quarter was $81.3 billion, but its share price dropped more than 7 percent in after-hours trading.

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Driverless taxis set to launch in UK as soon as September

Waymo has laid out plans for a robotaxi service in London with a pilot scheme due to begin in April.

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Meta to ‘dramatically change’ with AI, Zuckerberg says

His comments seemed to hint at further layoffs at the owner of Facebook, Instagram and WhatsApp.

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Meta burned $19 billion on VR last year, and 2026 won’t be any better

The reported financial losses follow a series of layoffs at the VR unit.

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Zuckerberg teases agentic commerce tools and major AI rollout in 2026

Mark Zuckerberg says 2026 will be “a big year for delivering personal super intelligence.”

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ServiceNow falls 6% despite better-than-expected fourth-quarter results

ServiceNow announced an expanded partnership with Anthropic about a week after it inked a similar deal with competitor OpenAI.

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IBM jumps 8% on earnings beat

IBM CEO Arvind Krishna said the company’s generative artificial intelligence book of business hit more than $12.5 billion.

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