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Meta Expands Hardware Ambitions With Purchase of Robotics Startup

Key Points: Meta Platforms officially purchased Assured Robot Intelligence on Friday to accelerate its humanoid robotics program. Founders Lerrel Pinto and Xiaolong Wang will bring their deep expertise to the Meta Robotics Studio, created in 2025. The new team members have gained valuable experience at major technology rivals such as Nvidia and Fauna Robotics. Meta plans to use this new software to help robots understand...

OpenAI Executive Denies Missed Targets and Highlights Massive Demand

Key Points: OpenAI Chief Financial Officer Sarah Friar dismissed recent reports that the company missed its internal revenue and user growth targets. The company plans to spend $600 billion on new artificial intelligence infrastructure by 2030 to meet soaring customer demand. OpenAI recently secured a massive $122 billion funding round, valuing the company at $852 billion. Rival company Anthropic might soon surpass OpenAI with a...

Spirit Airlines Prepares to Shut Down After $500 Million Government Bailout Collapses

Key Points: Spirit Airlines faces total liquidation after failing to secure a $500 million rescue package from the federal government. The proposed bailout would have given the United States government up to a 90 percent ownership stake in the budget carrier. Jet fuel prices doubled following the outbreak of the Iran war, rapidly draining the company's remaining cash reserves. The airline has lost more than...