Tesla CEO Elon Musk’s other company, xAI, has raised $15 billion in its latest funding round, CNBC reports. That’s $5 billion more than the company had raised in that same round in September. Its valuation remains at a sky-high $200 billion.
Tesla shareholders recently voted to invest in xAI but, due to a large number of abstentions, the board has yet to approve the proposal.
As part of Microsoft’s investment in OpenAI, the company is using OpenAI’s development of custom AI semiconductors to help improve its own in-house chips, which have lagged behind peers, according to an interview with CEO Satya Nadella by podcaster Dwarkesh Patel.
“As they innovate even at the system level, we get access to all of it,” Nadella said. “We first want to instantiate what they build for them, but then we’ll extend it.” Under their updated agreement, Microsoft has access to OpenAI’s models and products — excluding the Jony Ive-designed AI device — through 2032.
Apple has made a major inroad into China, the world’s largest smartphone market, by reaching a landmark agreement with Tencent to process payments within WeChat’s mini games and apps, Bloomberg reports.
Under the deal, Apple will take a 15% commission on digital purchases — half its usual 30% App Store cut. The arrangement ends a long-running dispute between the two over WeChat’s in-app payment system, which for years allowed users to bypass Apple’s infrastructure entirely, and gives the iPhone maker a lucrative new revenue stream inside the most dominant app ecosystem in China.
The agreement is expected to require developers to comply with Apple’s software policies and close payment loopholes that previously directed users to external systems.
Tencent posted earnings today that beat analysts revenue and earnings expectations.
Under the deal, Apple will take a 15% commission on digital purchases — half its usual 30% App Store cut. The arrangement ends a long-running dispute between the two over WeChat’s in-app payment system, which for years allowed users to bypass Apple’s infrastructure entirely, and gives the iPhone maker a lucrative new revenue stream inside the most dominant app ecosystem in China.
The agreement is expected to require developers to comply with Apple’s software policies and close payment loopholes that previously directed users to external systems.
Tencent posted earnings today that beat analysts revenue and earnings expectations.
You may have noticed that recently, every piece of business or productivity software seems to have an “AI agent” feature that keeps getting pushed in front of you, whether you want it or not.
That’s leading to AI agent fatigue among enterprise customers, according to The Information.
Companies like Salesforce, Microsoft, and Oracle have been pushing their AI agent features to help with tasks such as customer service, IT support, and hiring. But many of those features are all powered by AI services from OpenAI and Anthropic, leading to a similar set of functions, according to the report.
As companies race to tack on AI agents to their legacy products, it remains to be seen which functions will become the “killer app” for enterprise AI.
Companies like Salesforce, Microsoft, and Oracle have been pushing their AI agent features to help with tasks such as customer service, IT support, and hiring. But many of those features are all powered by AI services from OpenAI and Anthropic, leading to a similar set of functions, according to the report.
As companies race to tack on AI agents to their legacy products, it remains to be seen which functions will become the “killer app” for enterprise AI.
