Alibaba’s net profit fell 75% in the June quarter, to $1.54bn. The cause was not a weak business. It was the bill for building one. Capital spending reached $9.98bn in three months, up 75% on the same quarter last year, according to the results announcement. In the same accounts, the cloud unit that spending pays […]<br /> This story continues at The Next Web [...]
Apple Intelligence automatically summarizes notifications, text messages, and emails on hundreds of millions of iPhones, iPads, and Macs. A new independent investigation by the non-profit AI Forensics analyzed more than 10,000 of these AI-generated summaries, and the findings reveal systematic bias baked right into the feature.<br /> The article Apple Intelligence pushes hallucinated stereot [...]
Meta is facing its biggest existential threat in its history. Years after the Federal Trade Commission first sued the social network in an attempt to unwind its acquisitions of Instagram and WhatsApp, the trial that will shape its future is finally underway. FTC v. Meta began last month when CEO Mark Zuckerberg took the stand, and is expected to last for several weeks.<br /> The FTC is hopin [...]
Stocks fell in premarket trading on Monday, after The Wall Street Journal reported that President Donald Trump has pushed his team to be more aggressive on tariffs in recent days. Futures tied to the S&P 500, the Nasdaq 100, and the Dow Jones Industrial Average pointed toward a lower open.Read more... [...]