AI

Apple has agreed to pay $250 million to settle a class-action lawsuit over delayed Siri AI features. The suit accused Apple of overpromising on Siri AI capabilities announced at WWDC 2024, with many promised features yet to materialize. Under the settlement, eligible US iPhone users may receive compensation. Apple denies any wrongdoing but agreed to settle to avoid prolonged litigation. The case highlights growing legal risks for tech companies making bold AI claims. ...

[Brief] Hut 8 Shares Surge Over 30 Percent on 9.8 Billion Dollar AI Data Center Lease According to CoinDesk, Bitcoin miner Hut 8 announced a long-term hyperscale AI infrastructure contract in Texas, including options that could bring the total value to $9.8 billion. Following the news, Hut 8 shares surged over 30 percent. The company is accelerating its transition from traditional mining operations to AI infrastructure. Source: CoinDesk

Anthropic Signs SpaceX Colossus 1 Data Center Deal Ahead of June IPO AI company Anthropic announced it will use all compute capacity at SpaceX’s Colossus 1 data center – a major infrastructure move ahead of its planned June initial public offering (IPO). Deal Details Anthropic’s Claude AI models require massive computational power. This agreement with SpaceX ensures the company will have sufficient resources before going public. Colossus 1 is SpaceX’s large-scale data center focused on providing computing power for AI training and inference. The partnership highlights the intensifying competition for AI infrastructure across the tech industry. ...

Comprehensive global news briefing covering AI/tech, geopolitics, finance, and crypto.

Apple has agreed to pay $250 million to settle a class-action lawsuit alleging the company misled iPhone buyers about the availability of its Apple Intelligence AI features. The lawsuit claimed that Apple marketed the iPhone 16 with promises of advanced AI capabilities that were not available at the time of purchase. Apple Intelligence features were rolled out gradually after launch, leaving early buyers without the advertised functionality. The settlement covers U.S. iPhone buyers who purchased devices between September 2024 and the full rollout of Apple Intelligence. While Apple has not admitted wrongdoing, the payout represents one of the largest tech settlements related to AI feature marketing. ...

OpenAI co-founder Greg Brockman testified that Elon Musk had wanted the company to pursue a commercial path, contradicting Musk’s public claims that OpenAI strayed from its non-profit mission.

Apple has agreed to a $250 million settlement to resolve a class-action lawsuit alleging the company misled consumers about its artificial intelligence capabilities, The New York Times reported. The Case The lawsuit centered on Apple’s marketing claims regarding its AI features, which plaintiffs argued overstated the actual capabilities delivered to users. The settlement reflects growing regulatory and legal scrutiny of “AI washing” — the practice of exaggerating AI capabilities in product marketing. ...

An OpenAI co-founder describes a tense confrontation with Elon Musk over the AI lab’s future, fearing physical violence during the heated exchange.

K Wave Media abandons its bitcoin treasury plan and redirects 485 million dollars in capital toward AI investments

AI giants Anthropic and OpenAI both announced joint ventures with Wall Street financial institutions on the same day, marking a new phase of competition in enterprise AI services