Breaking News: Technology
- From Llamas to Avocados: Meta's shifting AI strategy is causing internal confusion - Meta’s push to develop its next frontier model, codenamed Avocado, under new AI leadership is creating internal friction as it races rivals OpenAI and Google.
- U.S. uncovers scheme to reroute Nvidia GPUs worth $160 million to China despite export bans - Authorities have shut down yet another China-linked smuggling network for Nvidia's AI chips, according to a release from a U.S. Attorneys office.
- Google hit with EU antitrust investigation over use of online content for AI - It's the latest in a string of actions the European Commission has taken against U.S. big tech companies.
- Saudi Arabia eyes data embassies amid sovereign AI push. Here's what we know so far - Only two data embassies currently exist, but Saudi Arabia is looking to make them commonplace.
- Trump greenlights Nvidia H200 AI chip sales to China, says Xi responded positively - TechTrump greenlights Nvidia H200 AI chip sales to China, says Xi responded positivelyPublished Mon, Dec 8 20254:40 PM ESTUpdated 6 Min AgoKevin Breuninger@Kevi
- Pressure builds on Apple and CEO Tim Cook with holiday executive shakeup - Apple has seen extraordinary turnover in its top ranks over just the past week.
- Tiger Global launches new fund eyeing between $2 billion and $3 billion as it takes more disciplined approach - Tiger first invested in OpenAI in 2021 at a valuation of less than $16 billion and in Waymo that same year at $39 billion.
- IBM acquiring Confluent in $11 billion all-cash deal - IBM will pay $31 per share in cash for all of the issued and outstanding common shares of the Confluent.
- BlackRock bets on ‘pick and shovel’ trade, singling out clear winners in AI spending spree - Powell noted that leading tech firms have only begun to tap debt markets to fund the next phase of AI expansion, suggesting additional capital is on the way.
- 'Terrifying': Why U.S. senator in top intel post wants more spying on Chinese companies - Chinese biotech BGI will pass Huawei in scale and threat, says Sen. Mark Warner. 'It's terrifying,' he said at CNBC event, pushing for more corporate spying.