Spur Intelligence has successfully raised $200 million in funding from Insight Partners to develop and enhance its technology that distinguishes genuine human web traffic from bots, helping businesses improve online security and analytics.
Runlayer has initiated legal action against Rippling, accusing the latter of appropriating the idea behind Runlayer's MCP gateway product. Rippling had assessed Runlayer's product before deciding to develop a similar solution independently.
Two major technology companies reported their AI expenditures on the same day with very different results. Microsoft's investment in AI was reflected positively, contributing to a rise in its cloud revenues. On the other hand, Meta’s AI spending resulted in a cash flow deficit. Meta managed to increase its revenue by 28% to $60.8 billion, surpassing market expectations, according to CNBC. Despite this growth, Meta’s profits declined by 14% to $15.8 billion, its earnings per share fell short of predictions, and its stock price dropped approximately 5%.
Sam Altman has announced a shift in his approach after experiencing a significant security incident that impacted him deeply on a personal level.
Microsoft’s recent earnings report answered a key question: Is the company’s heavy investment in AI paying off? The results show strong growth, with revenue increasing 18% to $90 billion for the quarter ending June 30, and net income rising 31% to $35.8 billion. The Microsoft Cloud division delivered $59.3 billion in revenue, up 27%, with Azure playing a major role. Following the announcement, Microsoft’s stock rose approximately 2% after hours, highlighting investor confidence in the company’s cloud and AI strategy.
Representative Kevin Mullin of California has introduced legislation aimed at compelling federal authorities to set national minimum safety requirements for operators of autonomous vehicles. This move comes amid growing concerns over emergency response shortcomings exhibited by companies like Waymo and other robotaxi operators.
OpenAI recently made two significant announcements that seem unrelated but are closely connected. The first is a generous initiative: OpenAI will provide free access to its cutting-edge AI models for 100,000 academic researchers until 2027. According to Axios, this program, called ChatGPT for Academic Researchers, will begin with 10,000 users this summer and gradually expand.
Rapid expansion of data centers has led grid operators to consider temporary power cuts to avert widespread blackouts across the largest electricity grid in the US.
BMW announced plans to reduce roughly 8,000 jobs in Germany by the end of 2027 through a voluntary redundancy program. At the same time, the automaker revealed it will rely on Qualcomm to develop the core technology for its future vehicles over the next ten years. These moves mark a significant shift in BMW's strategy as it focuses on outsourcing key tech components while managing workforce changes internally.
The new X Money app offers users an X Visa debit card that can be instantly added to Apple Pay. This enables seamless, fee-free peer-to-peer transfers within the app without any limits, providing quick and convenient payment options.
