Nvidia Faces DOJ Antitrust Probe Amid Dominant AI Position

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Nvidia Faces DOJ Antitrust Probe Amid Dominant AI Position - The U.S. Department of Justice is escalating its antitrust investigation into Nvidia, issuing subpoenas tied to concerns over the company's potential anti-competitive practices in the AI chip market.

OpenAI's Search Tool Fails to Compete with Google, says Early Testers - While OpenAI's SearchGPT showcases AI capabilities, it struggles with certain queries and occasionally presents inaccurate data, limiting its current threat to Google's search dominance.

CMA Approves Microsoft's Acquihire of Inflection AI Leadership - The UK Competition and Markets Authority (CMA) approved Microsoft's acquisition of Inflection AI, stating that Inflection's small market share means no significant threat to competition. The deal remains under review by US and EU authorities.

OpenAI Eyeing TSMC's 1.6nm Tech for AI Chip Launch - OpenAI is set to manufacture custom silicon chips with Taiwan's TSMC, expecting mass production in 2026. Simultaneously, OpenAI is negotiating a funding deal for a $100 billion company valuation.

Alibaba Enables Tencent's WeChat Pay on E-commerce Platforms for Expansion - Alibaba's platforms, Taobao and Tmall, are set to accept Tencent's WeChat Pay, marking a strategic move to fuel growth and broaden its market in China amidst recent regulatory pressures.

Google to Unleash Android 15 on Select Devices, Introducing Enhanced Features and Security - Google is set to launch Android 15, with new features like Private Space and enhanced passkeys. The system upgrade will first hit Pixel devices, then selected devices from multiple manufacturers.

ByteDance Embarks on 6% Premium Share Buy-back Amid Legal Challenges - TikTok owner ByteDance launched a share buy-back scheme for employees at a nearly 6% premium, indicating growing private market valuation. The company also seeks a $9.5 billion bank loan and faces potential U.S. store ban challenges.

OpenAI Co-founder Secures $1B Funding for New AI Firm, SSI - OpenAI co-founder Ilya Sutskever has raised $1 billion for his new AI venture, Safe Superintelligence (SSI), with backing from Andreessen Horowitz, Sequoia Capital, and others. SSI aims to focus solely on safe superintelligence.

X's New Video-First Strategy: TV App Aims to Boost Advertising Revenue - Twitter's successor, X, aims to revive its floundering ad business with a new TV app, seeking more advertisers and creators for a video-centric platform.

Instagram Begins Allowing Comments on Ephemeral Stories - Instagram is soon adding a public comment feature for Instagram Stories, only accessible to mutual followers. These comments, adjustable by users, will disappear after 24 hours.

Canva Hikes Teams Pricing, Cites Expanded AI Tools as Justification - Design platform Canva is sharply hiking prices for some teams subscribers, citing use of generative AI tools among reasons. The company, gearing up for an IPO, recently made major acquisitions, including AI firm Leonardo and software company Serif.

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