The reported $83 million deal for Netflix to acquire Warner Bros. Discovery has sparked immediate and fierce opposition. From the Writers Guild to Senator Elizabeth Warren, critics are calling it an antitrust nightmare that would hurt workers and consumers.
The European Commission has fined X $140 million for breaching the bloc’s Digital Services Act. This is the first major non-compliance decision under the new rules, citing deceptive blue checkmarks and lack of transparency.
Family offices manage over $3 trillion but often rely on basic tools like Excel and 67 separate QuickBooks logins. Asseta AI is building a platform to consolidate it all, charging $35,000 per year and aiming for profitability in 18 months.
Travel agencies are adopting AI, but the strategy is to augment human expertise, not eliminate it. New tools help advisors track price drops for clients and personalize trips for the ultra-wealthy, blending data with personal touch.
Intuit’s new AI accounting agent saves small businesses an average of 12 hours monthly with over 90% accuracy. The company’s AI push fueled better-than-expected Q1 earnings and a $100M deal with OpenAI.
The scale of investment flooding into artificial intelligence is almost incomprehensible. We’re talking about sums that make historic government projects and previous tech frenzies look like small change.
The UK outsourcer Capita has had to seek Microsoft’s support after the launch of a critical pension portal for 1.7 million civil servants failed spectacularly. Users faced broken links, untested pages with dummy text, and an inability to enter vital information like pension beneficiaries.
The tech world saw two massive money moves. Meta is reportedly reallocating its massive Reality Labs budget from long-term metaverse bets to AI-powered smart glasses. Meanwhile, in China, AI chipmaker Moore Threads just raised $1.13 billion in a wildly popular IPO.
Amazon is reportedly preparing to cut ties with the U.S. Postal Service, a move that could profoundly impact USPS revenue. Meanwhile, Walmart is testing “dark store” formats in cities. The retail giants are racing to own their delivery networks.
Apple is losing two of its most senior executives. General Counsel Kate Adams and policy chief Lisa Jackson are both retiring, continuing a recent trend of high-level departures.
