$86 billion valuation
Microsoft emerges as big winner from OpenAI turmoil with Altman on board
Microsoft emerged on Monday as the big winner of the upheaval at OpenAI, hiring ousted CEO Sam Altman and other key staff of the startup.
AI-powered
Spotify to use Google’s AI to tailor podcasts, audiobooks recommendations
Spotify expanded its partnership with Google Cloud to use large language models to help identify a user’s listening patterns across podcasts and audiobooks.
Alphabet
Microsoft, Google will not challenge EU gatekeeper status
Microsoft and Google will not challenge an EU law requiring them to make it easier for users to move between competing services.
Alphabet
Meta and Snap must detail child protection measures by Dec. 1, EU says
Meta and Snaphave been given a deadline to give more information on how they protect children from illegal and harmful content.
Alphabet
Google, Meta win court fight against Austrian online content rule
Top EU court backs Google, Meta, and TikTok against Austrian law mandating hate speech deletion.
AGI
Amazon dedicates team to train ambitious AI model codenamed ‘Olympus’ -sources
Amazon to invest millions in Olympus LLM model to rival OpenAI and Alphabet.
Ad copy
Meta to require disclosures for AI-created, altered political ads
Meta said in a blog post it would require advertisers to disclose if their altered or created ads.
Alphabet
US consumer watchdog proposes rules for Big Tech payments, digital wallets
US watchdog proposes rules for Big Tech payments and digital wallets, aiming for consumer safeguards.
AI
Amazon rallies on cloud optimism as it chases Microsoft for AI business
Amazon.com rose 7% on Friday as it aims for a larger share of the booming artificial intelligence market in a race with Microsoft.
AI features
Microsoft extends cloud lead over Alphabet with focus on OpenAI, big clients
Microsoft is outstripping Alphabet in the race to make money from generative AI through early bets on OpenAI and focus on big clients.