Wedbush Securities analyst Dan Ives slashed his price targets for Apple and Tesla over the weekend as President Trump’s tariffs threaten to disrupt both businesses. “The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive China production exposure,” Ives said in a warning note over the weekend. “In our […]
Former Tesla exec Drew Baglino’s new startup is rethinking the electrical transformer
Heron Power is raising between $30 million to $50 million for a Series A, according to a report.
Waymo may use interior camera data to train generative AI models, sell ads
Waymo is preparing to use data from its robotaxis, including video from interior cameras tied to rider identities, to train generative AI models, according to an unreleased version of its privacy policy found by researcher Jane Manchun Wong. The draft language reveals Waymo may also share this data to personalize ads, raising fresh questions about […]
Google’s AI Mode now lets users ask complex questions about images
Google is bringing multimodal search to AI Mode, its Google Search experiment that lets users ask complex, multi-part questions and follow-ups to dig deeper on a topic. Users who have access to AI Mode can now tap the feature to ask questions about photos they’ve uploaded or taken with their camera. The new image-analyzing functionality […]
Shopify CEO tells teams to consider using AI before growing headcount
In a recent memo to employees, Shopify CEO Tobi Lütke made a bold policy change: teams must demonstrate why AI can’t perform a job before they’re permitted to ask for more headcount and resources. “Before asking for more headcount and resources, teams must demonstrate why they cannot get what they want done using AI,” Lütke […]
Nintendo says it is ‘actively assessing’ the impact of U.S. tariffs
Nintendo of America president Doug Bowser said that the company did not factor in possible tariffs from the U.S. when deciding on the pricing for its Nintendo Switch 2 console, according to Wired. Nintendo unveiled its highly anticipated Switch 2 last week and announced that the console would be released on June 5, priced at […]
AI video startup Moonvalley raised a fresh $43M, SEC filing shows
Los Angeles-based startup Moonvalley, which is developing AI tools for video creation, has raised a fresh $43 million in venture capital, according to an SEC filing. The filing, which lists 11 unnamed investors, comes roughly a week after Moonvalley launched its first AI video-generating model, Marey. Moonvalley previously raised $70 million in seed funding from backers […]
UK’s demand for Apple backdoor should not be heard in secret, says court
A UK surveillance court said the backdoor order targeting Apple iCloud can be heard partly in public.
Krea raises $83M to be the one-stop shop for genAI creatives
Overwhelmed with trying to keep up with the different models you can now use to build your content using AI? A startup called Krea that’s looking to solve this problem specifically for designers and other visual creatives has now raised $83 million for a platform it believes will make the task of working with generative […]
IBM acquires consultancy Hakkoda in continued AI investment push
IBM on Monday announced that it acquired Hakkoda, a data and AI consultancy based in New York, for an undisclosed amount. Mohamad Ali, SVP and head of IBM’s consulting business, said that the acquisition would “further expand” IBM’s ability to bring consultants and AI to clients, particularly customers in industries like financial services, public sector, […]