Google kicks off I/O conference with AI upgrades for coders, consumers

Google CEO Sundar Pichai announced major AI advancements at the company's developer conference. New tools like Docs Live and Ask YouTube were revealed. Gemini AI now boasts 900 million users. The company also launched Gemini Omni, a new video generation model. These updates aim to strengthen Google's position in the AI race.

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Meta lays out plans for May 20 layoffs, restructuring, internal document says

In ​the document, ⁠the Facebook owner's head of ​human resources also told ​employees that "many leaders will announce org changes" in coordination with the layoffs.

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Elon Musk loses lawsuit against OpenAI

A significant verdict has emerged from the courtroom as a jury rejected Elon Musk's lawsuit against OpenAI, finding the company not liable for any wrongdoing. Musk contended that OpenAI had lost sight of its core mission to serve humanity's best interests, but the jury ruled that Musk's claims were untimely.

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Salesforce not building AI to displace humans: Vala Afshar

Salesforce is developing digital labor platforms using AI. The company emphasizes that these AI tools are designed to enhance human capabilities, not replace them. By automating repetitive tasks, Salesforce aims to free up employees for more creative and strategic work. This approach has already led to internal reskilling and growth within the company.

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Nvidia may lead AI startup Simplismart’s $20 million fundraise at $100 million valuation

Chipmaking giant Nvidia is reportedly in advanced talks to lead a $20 million funding round for Simplismart, valuing the AI infrastructure startup at approximately $100 million. Earlier this year, Simplismart said its AI inference platform would be made available on Nvidia infrastructure as the startup expanded its enterprise AI offerings.

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Steven Soderbergh used AI in a documentary about John Lennon. And he wants to talk about it

Steven Soderbergh's documentary "John Lennon: The Last Interview" utilises AI-generated imagery to visualise philosophical discussions from a final interview with John Lennon and Yoko Ono. The film, which debuted at Cannes, sparked debate over AI's role in filmmaking, with Soderbergh emphasising transparency and necessity in its application.

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Elon Musk wants SpaceX to go public. Here's how it works

Companies like SpaceX and OpenAI are eyeing stock market debuts, potentially in 2026. Going public involves choosing an exchange, filing detailed financial documents with the SEC, pitching to investors, and crucially, setting a share price. This complex process, known as an IPO, can take months and millions of dollars.

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Big risks and rewards in upcoming IPOs at SpaceX, OpenAI, Anthropic

Wall Street anticipates a wave of massive IPOs, led by SpaceX, OpenAI, and Anthropic, each aiming for trillion-dollar valuations. These mega listings, despite geopolitical headwinds, are expected to attract significant capital. Their public market performance will be a crucial test for current private market valuations and future tech offerings.

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SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq

SpaceX is preparing for a major stock market debut. The rocket and satellite maker plans to list its shares on the Nasdaq exchange as early as June 12. This highly anticipated IPO could be the largest ever, with a target valuation of $1.75 trillion. The company has accelerated its timeline, with a roadshow planned for early June.

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Gig workers’ union calls for five-hour shutdown over rising fuel costs; protest on Saturday

Gig and platform service workers are planning a five-hour nationwide shutdown on Friday to protest rising fuel prices and stagnant pay. The union demands an immediate revision of per-kilometre service rates, warning that increased fuel costs are eroding workers' earnings.

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D2C brands feel the pinch as consumers cut spending

Rising input costs and shrinking demand are squeezing smaller brands, with consumer spending projected to drop 5-6% next quarter. D2C brands face pressure as inflation and a weakening rupee push consumers towards essential purchases, impacting discretionary spending and average order values. Companies are absorbing costs or planning price hikes up to 10%.

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