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Meta is betting big on AI. But will CEO Mark Zuckerberg’s investment in the technology ultimately pay off? That’s one of the major questions lingering after Wednesday’s earnings call, which announced Meta’s second-quarter loss of over $4.6 billion in its Reality Labs sector. Throughout the
Microsoft is in a unique position as AI overtakes the tech industry. It’s one of the world’s largest cloud providers and software-as-a-service companies, while also holding valuable stakes in the two biggest AI labs, OpenAI and Anthropic. Those incentives are starting to clash as Microsoft posts blockbuster financial
A data-extortion operation using the name LeakNet claims it stole an 11TB archive from NYC Health + Hospitals (NYCHH) containing information linked to more than 12 million people. The figure has not been confirmed by the health system, regulators, or an independent forensic review. LeakNet published a preview on July 27
* Verizon signs $1 billion dark fiber data center connectivity deal with Google * The telecoms company plans to use its fiber assets to connect AI data centers across the US * Fiber network growth is replacing copper lines and activating previously unused dark fiber lines Verizon has completed a $1 billion deal