Tech
Musk’s xAI sues Apple, OpenAI for antitrust violations
Musk’s xAI sues Apple and OpenAI for alleged anticompetitive practices in AI and smartphone markets
Musk’s xAI sues Apple and OpenAI for alleged anticompetitive practices in AI and smartphone markets
– Elon Musk’s xAI has sued Apple and OpenAI for alleged anticompetitive practices in the AI sector.
– The lawsuit claims Apple favours OpenAI’s products over rivals in its App Store rankings.
Musk’s complaint, filed in the U.S. District Court for the Northern District of Texas, describes Apple’s actions as a desperate attempt to protect its dominance in the smartphone market.
Ongoing Dispute
Musk previously threatened legal action against Apple, alleging it violated antitrust laws.
OpenAI’s CEO Sam Altman responded to these claims, suggesting Musk is manipulating his platform X for personal gain. In contrast, Apple maintains that its App Store operates fairly, featuring a diverse range of applications.
Musk’s ongoing feud with OpenAI traces back to their co-founding in 2015, with Musk departing in 2018 due to differing visions for the organisation.
The conflict has escalated through various legal disputes and public statements.
Tech
Nvidia and Amazon explore massive OpenAI funding round
Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup
Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup
– OpenAI aims to raise up to $100 billion, with Amazon considering a $50 billion investment.
– Funding will support Project Stargate and address projected losses of $14 billion by 2026.
Nvidia’s CEO has confirmed the company will participate in a major funding round for OpenAI, though the previously mentioned $100 billion commitment is not final.
This investment comes as OpenAI seeks to raise up to $100 billion, potentially valuing the AI startup at around $830 billion. Amazon is also reportedly in discussions to contribute up to $50 billion.
The funding is intended to support OpenAI’s ambitious $500 billion Project Stargate, aimed at pushing the boundaries of artificial intelligence.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
News
Big Tech earnings spark investor unease over AI spending
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.
Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.
Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Tech
Memory shortages and rising prices could persist through 2027
Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.
Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.
Memory chips critical to consumer electronics and AI data centres remain in tight supply, keeping prices elevated despite production expansion by major players including Samsung and Micron.
Lenovo warns higher memory costs will hit budget devices first, even as PC demand stays strong from Windows 11 upgrades.
#Lenovo #ConsumerTech #PCMarket #Windows11 #TechPrices #Laptops #HardwareNews #DigitalEconomy
-
Ticker Views2 days agoElon Musk merges SpaceX and xAI to create solar-powered AI data centres
-
Tech4 days ago
Nvidia and Amazon explore massive OpenAI funding round
-
Money3 days ago
Australia’s inflation hits 3.8%: Budget decisions under pressure
-
Money3 days ago
Wall Street gains momentum amid tech and earnings surge
-
Ticker Views2 days ago
RBA interest rate increase explained – impact on Australians
-
Shows4 days ago
How AI is transforming real estate investment strategies
-
Ticker Views3 days ago
US-Russia nuclear arms control treaty comes to an end
-
News2 days ago
Grok continues generating sexualised images despite new safeguards
