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Meta wins FTC antitrust trial that focused on WhatsApp, Instagram
CNBC· 2025-11-18 17:59
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.Meta has won a high-profile antitrust case on Tuesday centering on its acquisitions of Instagram and WhatsApp.This is breaking news. Please refresh for updates. ...
Waymo says it will launch in more Texas and Florida cities in 2026
CNBC· 2025-11-18 17:38
Waymo on Tuesday said it will bring its robotaxi service to new cities in Texas and Florida in 2026.The Alphabet-owned company said it plans to start operating its vehicles with no human driver assistants in Dallas, Houston, San Antonio, Miami and Orlando in the coming weeks before opening service in those markets to the public next year, the company said in a blog."Waymo has entered a new phase of commercial scale, doubling the number of cities we operate without a human specialist in the car," Waymo Chief ...
Google announces Gemini 3 as battle with OpenAI intensifies
CNBC· 2025-11-18 16:00
Core Insights - Google is launching its new AI model, Gemini 3, to enhance user experience by providing better answers to complex questions with less prompting [1][4] - The rollout of Gemini 3 will begin for select subscribers and expand to a broader audience in the coming weeks, following the previous versions Gemini 2.5 and 2.0 [2] - The Gemini app currently has 650 million monthly active users, while AI Overviews boasts 2 billion monthly users, indicating significant user engagement [3] Product Features - Gemini 3 is designed to understand depth and nuance, improving its ability to grasp context and intent behind user requests [4] - The AI responses from Gemini 3 aim to provide genuine insights rather than flattery, addressing criticisms of current AI chatbots being overly sycophantic [6] Industry Context - Major tech companies, including Alphabet, are heavily investing in AI infrastructure, with collective capital expenditures expected to exceed $380 billion this year [5] - OpenAI has also made advancements with its GPT-5 model, which has been updated to be more intelligent and efficient in task execution [7]
Microsoft unveils tool to help companies control, track AI agents
CNBC· 2025-11-18 16:00
Judson Althoff, CEO of Microsoft's commercial business and then mresident of Microsoft North America, speaks during We Day at KeyArena in Seattle on April 23, 2015.Microsoft made it easier for corporate workers to make AI agents that go off and do work. Now it's demonstrating a tool that IT specialists can use to see and manage those agents.The software, named Agent 365, provides a list of artificial intelligence agents inside companies' systems, even if they're from other companies, Microsoft announced Tue ...
Anthropic to buy $30 billion in Azure capacity in new deal with Microsoft, Nvidia
CNBC· 2025-11-18 15:10
Core Insights - Microsoft is forming new strategic partnerships with Nvidia and Anthropic to reduce its reliance on OpenAI [1] Group 1: Investment Details - Microsoft will invest $5 billion into Anthropic, while Nvidia will invest $10 billion into the startup [2] - Anthropic has committed to purchasing $30 billion of Azure compute capacity from Microsoft and has contracted for additional compute capacity up to one gigawatt [2] Group 2: Industry Reactions - Nvidia CEO Jensen Huang expressed excitement about the partnership, stating it is a significant opportunity to collaborate with Anthropic to accelerate their AI model, Claude [3]
Il Makiage parent Oddity takes aim at Hims with new telehealth skincare platform Methodiq
CNBC· 2025-11-18 14:00
Core Insights - Oddity, the parent company of Il Makiage, is launching Methodiq, a telehealth platform focused on medical-grade skin care, to compete with Hims and address issues in the medical care system [1][2] Company Overview - Methodiq has been in development for four years and offers 28 products targeting acne, hyperpigmentation, and eczema, with prices ranging from approximately $29 to $59 [1][2] - The platform combines investments in biotechnology, AI-based imaging, and digital retailing, aiming to capture a share of the medical skin care market projected to reach $113 billion in 2023 [2] Market Positioning - Methodiq directly competes with Hims, which has established a successful telehealth platform for anti-acne medications [2][4] - The launch indicates Oddity's potential for deeper expansion into the healthcare sector [2] User Base and Market Opportunity - Oddity has 60 million users, with around half experiencing skin conditions like acne and eczema, presenting a significant market opportunity [3][12] - There is a lack of dermatologists in over 60% of U.S. counties, highlighting the need for accessible dermatological care [13] Product Development and Technology - Methodiq utilizes AI and computational imaging technologies acquired through previous investments to enhance product offerings [7][8] - The platform includes a facial scan and a medical review process to recommend personalized treatment kits [9][14] Product Features - Methodiq's Clindalaq product combines prescription-strength ingredients with additional components to improve user experience and reduce side effects [10][11] - The platform aims to provide a "true beauty experience" in a prescription formula, making effective treatments more appealing [12] Access to Care - Methodiq seeks to improve access to dermatological care by connecting patients with medical professionals through a chat function, although it does not currently support video consultations [15][16] - The inclusion of various healthcare providers to prescribe treatments can enhance access to care, especially in underserved areas [17]
Zoox begins offering robotaxi rides in San Francisco, facing off with Waymo
CNBC· 2025-11-18 14:00
Zoox on Tuesday began allowing select San Francisco users to hail its driverless vehicles, pitting the Amazon-owned robotaxi service against Alphabet's Waymo in the same market for the first time.Riders can sign up to join the "Zoox Explorers" program to take free rides in the company's box-shaped vehicles in certain San Francisco neighborhoods, including SoMa and the Mission and Design districts, the company said.Zoox will take users off the waitlist depending on their location and as it adds more robotaxi ...
Cloudflare down: Company blames 'unusual' spike in traffic before outage errors
CNBC· 2025-11-18 13:42
Internet infrastructure company Cloudflare was hit by an outage on Tuesday, knocking several major websites offline for global users.OpenAI's ChatGPT and Elon Musk's social media platform X appear to have been affected by the Cloudflare issues, according to Downdetector, which itself could not be accessed for some users.A Cloudflare spokesperson said the company observed a "spike in unusual traffic" to one of its services around 6:20 a.m. ET, causing some traffic passing through its network to experience er ...
Intuit to pay OpenAI over $100 million a year for model access, ChatGPT integrates with TurboTax
CNBC· 2025-11-18 13:00
Tax software provider Intuit has agreed to pay OpenAI more than $100 million to use the artificial intelligence startup's large language models to bolster its financial products. By using OpenAI's technology inside GenOS, its internal AI system, Intuit is aiming to upgrade its products with advanced AI agents. The models will work across Intuit's TurboTax, QuickBooks, Credit Karma and Mailchimp services.The companies are also partnering to integrate OpenAI's ChatGPT chatbot with Intuit's offerings. TurboTax ...
Netflix is finally leaning into a key piece of the media playbook: Merchandising
CNBC· 2025-11-18 13:00
In this articleNFLXPeople linger in the restaurant of the Netflix House experience center. Andrej Sokolow | Picture Alliance | Getty ImagesNetflix was the early leader in streaming. It's been later to another crucial piece of the media playbook — merchandising and live events.The streamer has only recently begun adopting tried-and-true marketing methods that have been in play for the likes of the Walt Disney Company, Universal and Warner Bros. Discovery for decades: Namely, consumer product partnerships, sp ...