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...The group’s bumper profits last year compare with $700mn of net income for 2022 and $1.1bn in 2021....
...Last year, groups including OpenAI, Google DeepMind and Meta agreed to open their generative AI models for review by Britain’s AI Safety Institute....
...The losses are smaller than the start of 2023 when Big Tech groups including Meta, Amazon and Microsoft axed roles following an exuberant period of over-investment during the pandemic....
...In the only two notable agreements between the tech and media worlds so far, AP allowed its archives to be used to train OpenAI’s models, while Axel Springer, owner of Politico, Die Welt and Business Insider...
...The seven largest tech groups — Microsoft, Apple, Amazon, Alphabet, Meta, Tesla and Nvidia — drove most of last year’s stock market gains as traders bet that they would be winners from the growth of AI....
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...The move by the San Francisco-based group comes after Facebook parent Meta announced its debut dividend earlier this month, triggering a record leap in its stock price, while home rental site Airbnb expanded...
...Apple’s changes come as big tech groups caught by the EU’s Digital Markets Act have been keen to show how they are complying with the rules....
...He didn’t need the money after six years working in tech and the experience was not enjoyable. His last day delivering food was blazing hot....
...Gary Swidler, president of Match Group, which owns Tinder, said the EU’s acceptance of Apple’s plan is “far from assured”....
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...In a separate antitrust case, Brussels is consulting with Apple’s rivals over the tech giant’s concessions to appease worries that it is blocking financial groups from its Apple Pay mobile system....
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