ADT confirmed this week that it was recently hacked, compromising some customer data. The home security company did not say when the cyberattack and data breach occurred, but disclosed that the attackers accessed the company’s databases containing customer home addresses, email addresses, and phone numbers. In a brief regulatory filing published late Wednesday, ADT said it has “no reason to believe” that customer home security systems were compromised during the incident, but ADT did not say how it reached ...

The U.K.’s antitrust regulator has confirmed that it’s carrying out a formal antitrust investigation into Amazon’s ties with Anthropic, after Amazon recently completed a $4 billion investment into the AI startup. The news comes a week after the Competition and Markets Authority (CMA) revealed it was launching an invitation to comment into Google’s own ties with Anthropic, after the internet first invested a reported $300 million last year followed by a further $2 billion. Founded in 2021, San Francisco-bas ...

Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services, and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by becoming known for doing more than just one thing — short-term vacation rentals. “We’re going to have to do multiple new things,” Chesky told investors. With co-hosting, launching later this ...

Waymo, the Alphabet-owned self-driving car company, is adding another 10 square miles to its robotaxi service area to include cities surrounding San Francisco. The move, which adds Daly City, Broadmoor and Colma, pushes its total commercial service territory to about 55 square miles. Waymo said Tuesday it is also adding 16 square miles of new robotaxi service area in Los Angeles, including Marina del Rey, Mar Vista, Playa Vista, and more of Hollywood, Chinatown and Westwood. Waymo has been pushing to add m ...

Manish Tiwary, the head of Amazon’s India operations, is leaving the firm as the U.S. e-commerce giant grapples with mounting pressure from competitors in one of its crucial international markets.Tiwary, who took over as country manager in late 2020, is departing as Amazon has noticeably shifted its focus on cloud business in India and shuttered several other initiatives, including its food delivery venture. Amazon, which has poured over $7 billion in India, has faced hurdles in penetrating the South Asian ...

Warren Buffett’s Berkshire Hathaway cut its Apple holding by around half, to $84.2 billion, according to an SEC filing.While Apple remains the firm’s largest stock holding by far, Buffett had already reduced its stake by 13 percent earlier this year, hinting that he didn’t mind selling “a little Apple” for tax reasons. Berkshire Hathaway made huge profits on the sale, according to calculations by The Financial Times; Buffett had largely avoided tech investments before beginning to buy Apple stock in 2016. ...

Apple on Thursday announced that it its third-quarter financials beat Wall Street expectations, as its overall revenue ticked up 5%. iPad, which had languished in recent years, saw the biggest category increase for the quarter, up from $5.8 billion to $7.2 billion year-over-year. Tablet sales, fueled by the line’s largest refresh in years, helped counter slowed iPhone revenue, which dropped from $39.7 billion to $39.3 billion year on year.In spite of a drop for the quarter, iPhone remained Apple’s most impo ...

Microsoft has a long and tangled history with OpenAI, having invested a reported $13 billion in the ChatGPT maker as part of a long term partnership. As part of the deal, Microsoft runs OpenAI’s models across its enterprise and consumer products, and is OpenAI’s exclusive cloud provider. However, the tech giant called the startup a “competitor” for the first time in an SEC filing on Tuesday. In Microsoft’s annual 10K, OpenAI joined long list of competitors in AI, alongside Anthropic, Amazon, and Meta. Open ...

Boeing has lost another $125 million on its Starliner astronaut capsule program due to delays in its first crewed flight test, which was supposed to last just eight days — and has now been on orbit for almost two months. The aerospace giant has lost $1.6 billion on Starliner, including the $125 million, which was reported to regulators in a quarterly filing. While the company was awarded a massive, $4.2 billion contract to accelerate Starliner development in 2014, it was structured as a “fixed-price” model. ...

WhatsApp’s massive 500 million user in India has supercharged Meta’s AI ambitions. Meta CFO Susan Li said Wednesday that India is the largest market in terms of Meta AI usage, a notable milestone considering the product launched in India just a few months ago. Li said during Meta’s second-quarter earnings call that people have used Meta AI for billions of queries since the launch.“We’re seeing particularly promising signs on WhatsApp in terms of retention and engagement, which has coincided with India beco ...