Palmer Luckey’s Defense Startup, Anduril, Raises $1.5 Billion to Produce AI-Powered Weapons

The company plans to build a Tesla-style, software-optimized factory to manufacture autonomous drones and other battlefield tech.

Reddit To Test AI-Powered Search

Reddit CEO Steve Huffman said during the firm’s earnings call earlier this week that it plans to test AI-powered search results that will summarize and recommend content to help site visitors find
new communities.

‘Beetlejuice’ Roblox Experience Invites Fans To Buy Real Movie Tickets

In a first for Roblox as it “tests and invests in commerce,” the company says, it will team with Warner Bros. on an immersive digital experience featuring a virtual Fandango box office where visitors
can purchase movie tickets –

WBD Latches Onto Global Expansion And Sports To Turn Around Revenue Losses

WBD’s overall revenue fell 5% year-over-year to $9.7 billion, continuing a recent decline and missing investor expectations, according to its earnings report on Wednesday. WBD shares dropped 8% during after-hours trading.

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Chamber Of Commerce Sides With AT&T, Says Privacy Fine Is Unconstitutional

The business group says FCC violated AT&T’s constitutional rights by imposing a $57 million fine for sharing customers’ location data with third parties.

ByteDance Takes On OpenAI With New Text-To-Video AI App

ByteDance has launched Jimeng AI in China – an app that can generate videos based on text prompts, similar to OpenAI’s recently announced Sora and a number of projects led by Chinese tech firms.

Dotdash Meredith Boosts Programmatic Ad Revenue Thanks To Contextual Tech

IAC-owned Dotdash Meredith (DDM) saw double digital growth in its digital business last quarter. Q2 digital revenue was up 12% year-over-year to $238 million and digital ad revenue was up 16% YOY, as per IAC’s earnings call on Wednesday. Ad revenue was helped along by 9% growth in unique visitors to the top sites in […]

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