IMF Urges Nations to Stay at Frontier of Mounting AI Risks
IMF emphasizes proactive AI oversight amid rising risks.
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The day in brief
Microsoft has announced significant price hikes for its Surface lineup, primarily due to a global memory chip shortage. The 12-inch Surface Pro now starts at $1,050, while the 13-inch Surface Pro 11th Edition has increased to $1,500, reflecting a 50% price increase. These adjustments have positioned Microsoft's devices at a disadvantage compared to Apple's offerings, which have not seen similar price increases.
Amazon has announced its acquisition of satellite operator Globalstar for $11.6 billion, marking its largest investment since the purchase of Whole Foods in 2017. This strategic move aims to bolster Amazon's satellite communications capabilities and enhance its competitive edge against Starlink, a leading satellite internet provider.
Samsung has announced price increases on 11 of its Galaxy phones and tablets, with hikes reaching up to $280. This adjustment is attributed to rising costs associated with storage and memory, impacting popular models like the Galaxy Z Flip 7 and Galaxy Tab S11 Ultra.
Lucid Motors has strengthened its partnership with Uber by selling an additional 15,000 robotaxis, specifically Lucid Gravity SUVs, raising Uber's total investment in the company to $500 million. The announcement coincides with the appointment of Silvio Napoli as the new CEO, who will be relocating from Switzerland to the US.
Starting June 15, 2026, Google will classify back button hijacking as a form of spam, penalizing websites that engage in this practice. This crackdown aims to improve user experience by preventing deceptive navigation that leads users to unwanted content or ads. Site owners have a two-month window to address these issues before facing potential penalties, including lower search rankings and manual spam actions.
Google has officially launched its Gemini Personal Intelligence feature for users in India, allowing them to connect services like Gmail and Google Photos for personalized responses. Initially available to AI Pro and AI Ultra users, the feature is set to roll out to free users in the coming weeks. Gemini was first introduced in the U.S. in January 2026 and later expanded to Japan.
OpenAI has acquired Hiro, a personal finance startup known for its AI-driven financial tools, although the acquisition is primarily an acqui-hire for Hiro's team. Founded in 2023, Hiro has managed over $1 billion in assets for its users and will cease operations on April 20, 2026, with user data scheduled for deletion by May 13.
Novo Nordisk has announced a partnership with OpenAI to enhance the efficiency of drug development for obesity and diabetes treatments. This collaboration builds on Novo's previous AI initiatives, including a deal with Nvidia, and has already resulted in a 2.8% rise in Novo Nordisk's stock following the announcement.
Microsoft is set to discontinue its Outlook Lite app for Android, with support ending on May 26, 2026. Originally launched in 2022 as a lightweight email solution for devices with limited resources, users will need to transition to the full Outlook Mobile app to maintain access to their email and calendar functionalities.
Christine Lagarde, President of the European Central Bank, has voiced her support for Anthropic's cautious approach to releasing its AI model, Mythos, during an interview in Washington. She highlighted the urgent need for stricter controls on AI technologies as the US Treasury seeks access to Mythos for vulnerability assessments amid rising concerns about AI-related threats.
Goldman Sachs has lowered the price target for Hewlett Packard Enterprise (HPE) from $31 to $29, despite the company's ongoing partnership with Nvidia aimed at enhancing AI infrastructure for enterprises. The updated target reflects a potential upside of 16%, as HPE expands its Private Cloud AI platform to support workloads of up to 128 GPUs.
ADT has launched two innovative security features aimed at enhancing safety for users. The 'My Safety' feature transforms smartphones into portable security systems for ADT+ subscribers, while the 'Live Light' outdoor alert system integrates with Nest to assist first responders during emergencies.
Pillar, a financial risk management platform founded in 2023, has raised $20 million in a seed funding round led by Andreessen Horowitz. The company automates hedging processes for commodity-driven businesses, which have faced significant volatility in recent times due to geopolitical factors. Co-founder and CEO Harsha Ramesh emphasized the platform's goal of providing institutional-grade risk management tools to small and medium-sized enterprises, making hedging as accessible as payment systems.
A Milan court has approved a class action lawsuit against Meta Platforms, stemming from a data scraping incident that compromised the personal information of approximately 533 million Facebook users globally between January 2018 and September 2019. The CTCU consumer association is representing affected users in Italy, where an estimated 35 million individuals may have lost control over their data, in violation of the EU's GDPR. Meta has expressed disagreement with the court's decision, emphasizing that it is merely procedural and does not imply any legal wrongdoing.
Anthropic has publicly opposed Illinois bill SB 3444, which OpenAI supports, as it would protect AI labs from liability for significant harm caused by their systems. This disagreement highlights a growing divide in AI regulation approaches between the two leading companies, with Anthropic advocating for accountability and safety measures. Despite the bill's low chances of passing, it has sparked intense lobbying efforts and discussions about the future of AI legislation in the U.S.
CoreWeave Inc. has entered into a substantial $21 billion agreement with Meta Platforms to provide AI cloud capacity, complementing an earlier $14.2 billion deal. This partnership has led to a positive stock reaction, with analysts projecting significant upside potential for CoreWeave's shares, highlighting the growing importance of AI infrastructure in the tech landscape.
Tesla is rolling out a redesigned self-driving app that streamlines the subscription process for its Full Self-Driving (FSD) software and provides users with detailed statistics on their usage. The app will feature gamified elements, such as multi-day streaks, and visual data representations, enhancing the user experience and encouraging more frequent use of the FSD system, which still requires driver supervision.
Apple Wallet continues to evolve, recently adding support for car keys from Toyota, home keys with the new Aqara Smart Lock U400, and upgraded boarding passes from American Airlines. These enhancements are part of a broader trend of integrating third-party support, making Wallet a more versatile tool for users.
Amazon has announced a deal to acquire Globalstar's low-Earth orbit satellite network for $11.57 billion, which includes its spectrum licenses and operations. This acquisition will enable Amazon to enhance satellite services for Apple devices, such as the iPhone and Apple Watch, while continuing to support existing functionalities like Emergency SOS. The deal is expected to close in 2027, pending regulatory approval.
Alibaba Group Holding Ltd. is preparing to unveil its first quadruped robot, a significant move into the competitive Chinese robotics market. The device, developed by Alibaba's Amap unit, will compete with established products like Unitree's Go series, while the company also explores the feasibility of humanoid robots to capture consumer interest.
The archive
IMF emphasizes proactive AI oversight amid rising risks.
Read sourceLagarde supports Anthropic's cautious AI model release.
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Glydways raises significant funding for autonomous vehicle networks.
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Pillar secures $20M seed funding for risk management platform.
Read sourceAI training access is limited for low-income workers.
Read sourceItaly court permits class action against Meta for data scraping
Read sourceUnited Airlines explores merger with American Airlines.
Read sourceCEOs optimistic about AI's role in the workforce
Read sourceAdobe addresses critical PDF security vulnerability.
Read sourceInstacart expands internationally through Instaleap acquisition.
Read sourceUkraine achieves a milestone in unmanned warfare.
Read sourceClaims of reverse-engineering Google's watermarking system emerge.
Read sourceEcovacs launches advanced robovac for efficient cleaning.
Read sourceAnthropic opposes liability bill backed by OpenAI.
Read sourceEurope's AI safety framework faces critical challenges.
Read sourceGoogle app for desktop launches for Windows users globally.
Read sourceNew annual list to highlight key AI topics and technologies.
Read sourceSAP integrates agentic AI into human capital management.
Read sourceJim Cramer critiques market perceptions of cybersecurity stocks.
Read sourceA new airbag skinsuit for cyclists is in development.
Read sourceSamsung raises prices on Galaxy devices amid rising costs.
Read sourceGoogle hosts forum to discuss AI's economic impact.
Read sourceScotiabank launches Scotia Intelligence for AI integration.
Read sourceADT launches 'My Safety' for enhanced mobile security.
Read source