AI-driven search ad spending in US to reach $26 billion by 2029
AI search ad spending is expected to make up nearly 1% of total search ad spending this year and grow to 13.6% by 2029 in the U.S.
LinkedIn CEO Ryan Roslansky takes on Microsoft Office products
Microsoft CEO Satya Nadella said in a memo that Roslansky will report to Rajesh Jha, who manages Microsoft Windows and Teams
Amazon to invest $10 billion in North Carolina for AI expansion
Amazon says the investment will create at least 500 jobs, including positions for data center engineers and network specialists
SECP allows TRG shareholders to reclaim tendered shares amid acquisition dispute
Move comes in light of ongoing court case; requests to be honoured until June 18
Microsoft launches free cybersecurity program for European governments
The program is designed to boost information sharing on AI-based threats and help prevent or disrupt attacks
Starlink faces resistance in India over low satellite spectrum pricing
Reliance Jio and Bharti Airtel warn that low fees for satellite internet providers like Starlink could hurt traditional telecom businesses
SpaceX revenue to hit $15.5 billion in 2025, Musk says
The company’s growth is largely fueled by strong demand for cost-effective satellite communications and launch services
Jazz expands partnership with Qvantel, launches new digital support hubs in Islamabad and Lahore
Collaboration to drive agile, locally hosted digital infrastructure for Jazz’s 73 million subscribers, backed by Pakistan’s tech talent and Qvantel’s global expertise
Meta signs 20-year deal with Constellation nuclear plant
The agreement supports the Clinton Clean Energy Center, which is currently subsidized by a state-funded zero emissions credit program set to expire in 2027
Musk’s Neuralink raises $650 million as brain implant device enters clinical trials
Neuralink says five patients with severe paralysis are now using its device to control digital and physical devices with their thoughts
Apple challenges EU order to open ecosystem to rivals
Meta, Google, Spotify, and Garmin are among the companies that have requested access to Apple’s user data and systems
Musk’s xAI targets $113 billion valuation with $5 billion debt package
A larger investment round is expected to follow the secondary offering, in which xAI plans to offer new equity to outside investors
Google to spend $500 million on compliance overhaul in antitrust case
Google will also form a SVP-level committee reporting directly to Pichai to address regulatory and compliance matters
Meta plans AI-powered ad creation and targeting by end of next year
Meta’s planned AI system lets brands submit a product image and budget, then generates full ad with targeting and budget recommendations
Starlink faces pushback over potential interference with South Africa’s SKA telescope
Scientists fear Starlink transmissions could blind them to faint celestial signals like shining a spotlight in someone’s eyes