Tag: Business
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Legal tech firm sues US over order limiting foreign access to top-tier Anthropic models
WASHINGTON, June 23 : A U.S. legal technology company on Tuesday sued the federal government, challenging a directive by President Donald Trump’s administration that resulted in the artificial intelligence firm Anthropic halting access to two of its most advanced models for users worldwide.Legion LegalTech
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US presses Meta to agree to AI reviews as security concerns rise, NYT reports
June 23 : The Trump administration is pressing Meta to submit its AI models for voluntary review, which would allow the government to evaluate its abilities and vulnerabilities, the New York Times reported on Tuesday, citing four people familiar with the confidential request.The request was made in emails wit
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Google’s YouTube settles with plaintiff ahead of second California trial over social media harm to children, attorneys say
June 23 : Google’s YouTube has settled with a minor who claimed the platform caused mental health harms, ahead of the second California state-court trial over allegations the design of social media sites has fueled a mental health crisis among children, the plaintiff’s attorneys said on Tuesday.
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Kunal Shah: The Indian entrepreneur taking charge of WhatsApp
Kunal Shah has been a recognisable figure in India’s startup ecosystem for a while but now he faces global spotlight.
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US Commerce Secretary signals possible action on Chinese robots after review, Politico reports
June 23 : U.S. Commerce Secretary Howard Lutnick told executives at a closed-door meeting Monday that his department is studying Chinese state-subsidized robotics imports and signaled the administration could take action once the review is complete, Politico reported on Tuesday, citing sources.“We don’t w
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GameStop CEO Cohen spurns compensation award to focus on proposed eBay deal
June 23 : GameStop said on Tuesday its board had granted the request of CEO Ryan Cohen to withdraw his proposed performance award, as the company shifts its focus towards the potential acquisition of eBay .Cohen said he wants the company’s leadership fully focused on GameStop’s operating performance and the a
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Cerebras posts rise in quarterly revenue in first report post-IPO
June 23 : Cerebras Systems posted a 94 per cent increase in first-quarter revenue on Tuesday in its first financial update since going public, benefiting from robust enterprise demand for its specialized AI chips.The company reported revenue of $193.4 million for the quarter, compared with $99.5 million repor
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Cerebras reports 92% revenue growth in chipmaker’s first earnings report since IPO
Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.
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FedEx posts strong earnings results in last quarter with freight business
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company’s last quarter that included the freight business before its spin-off.
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SPS Commerce explores sale amid activist pressure, sources say
(Corrects date of Anson stake disclosure in paragraph 5)By Milana VinnNEW YORK, June 23 : Supply chain software maker SPS Commerce is exploring a sale amid pressure from activist investors, according to three people familiar with the matter.The company is working with investment bank Morgan Sta
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