Consumer Tech News (Dec 15-19): Meta Accelerates AI Wearables Push, Trump Unveils U.S. Air Taxi Strategy, US Halts Technology Agreement With UK & More

Benzinga_recent_news12-22 04:43

White House AI and Crypto Czar David Sacks has rejected the narrative that artificial intelligence is a threat to the American workforce, citing new data from Vanguard that suggests the technology is ...

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(NASDAQ:MU) reported first-quarter revenue of $13.64 billion, topping estimates, with adjusted earnings of $4.78 per share.\nTrump Media & Technology Group Corp. (NASDAQ:DJT) said it will merge with TAE Technologies in an all-stock deal valued at over $6 billion to fuel its fusion energy ambitions.\nSony Group Corp (NYSE:SONY) shares were lower on Friday after the company announced plans to increase its ownership of the iconic Peanuts franchise.\nAlibaba Group Holding Ltd (NYSE:BABA) is integrating its mapping and navigation platform, Amap, into its Qwen AI app to enhance real-world “life services” just weeks after the app’s launch.\nTikTok has reportedly signed an agreement to create a new U.S.-based joint venture with major American investors.\nThe Federal Trade Commission (FTC) issued a civil investigative demand to Instacart Inc. (NYSE:CART), requesting information about its Eversight pricing tool.\nIn response to Japan's Mobile Software Competition Act (MSCA), Apple Inc. (NASDAQ:AAPL) and Google-parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) have announced significant changes.\nApple said that eight iPhones are reportedly in the works for 2026 and 2027, sparking optimism for the stock next year.\nA new leak suggests Apple Inc.’s long-rumored foldable iPhone will prioritize thinness and durability over familiar features like Face ID as it prepares to enter the foldable smartphone market.\nGoogle is stepping up its push to reshape the competitive dynamics of the AI chip market as demand for large-scale AI computing continues to surge.\nTaiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is advancing with significant capacity investments as global demand for advanced chips, particularly from U.S. customers, continues to rise.\nMeta Platforms Inc. (NASDAQ:META) is reportedly working on a new AI model, which will be focused on image and video processing, led by the company's Chief AI Officer, Alexandr Wang.\nMeta Platforms Inc. (NASDAQ:META) is accelerating its push into artificial intelligence-powered wearables, updating its smart glasses and adjusting its broader hardware strategy to focus on smarter, more premium devices.\nCognizant Technology Solutions Corporation (NASDAQ:CTSH) and Microsoft Corp. (NASDAQ:MSFT) announced a multi-year alliance to help global companies scale artificial intelligence across core business functions.\nServiceNow  (NYSE:NOW) is reportedly in advanced talks to acquire cybersecurity firm Armis, which could value the startup at up to $7 billion.\nGeneral Motors Co. (NYSE:GM) is reportedly eyeing its current Chief Product Officer, Sterling Anderson, who was also formerly a Tesla Autopilot exec and co-founder of Aurora Innovation Inc. (NASDAQ:AUR), as the company’s next CEO.\nRivian Automotive, Inc (NASDAQ:RIVN) is expanding hands-free assisted driving and rolling out new software updates that give drivers more control, customization across Gen 1 and Gen 2 vehicles.\nJoby Aviation, Inc. (NYSE:JOBY) is intensifying its efforts to integrate electric air taxis into everyday travel, aligning new infrastructure plans with a faster production timeline as regulators move to open the skies to eVTOL aircraft.\nJoby unveiled plans to double its manufacturing capacity in the United States, in a move that will support the production of four aircraft per month over the next two years.\nSam Altman, the CEO of OpenAI, expressed concerns about Google's dominance in the field of artificial intelligence (AI). He believes that Google's immense power and business model could pose a significant threat in the AI space.\nOpenAI is set to bring former UK Chancellor George Osborne into a senior global role, as shifting U.S.–UK tech relations and intensifying competition over AI infrastructure reshape the international landscape.\nOpenAI is reportedly in talks with Amazon.com Inc. (NASDAQ:AMZN) about a potential investment that could exceed $10 billion and a deal to use its artificial intelligence chips.\nAmazon is set to lay off 370 employees or about 8.5% of its Luxembourg workforce.\nChatGPT reached the milestone of $3 billion in global consumer spending on its mobile app as of this week.\nDoorDash Inc. (NASDAQ:DASH) stock gained on Thursday after it announced on Wednesday that it had partnered with OpenAI to integrate grocery shopping directly into ChatGPT.\nOpenAI has held preliminary talks with investors about raising as much as $100 billion at a valuation of roughly $750 billion.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2593817306","isCrawlerRequest":true}