ITBEAR

xAI’s Financial Gap: 13BAnnualBurnvs.500M Revenue Prediction Poses Huge Challenge

June 19, 2025 – Bloomberg reported yesterday that Elon Musk’s AI venture, xAI, is pouring substantial resources into developing cutting-edge AI models like Grok, with massive investments in server clusters and specialized chips. The company is reportedly burning through $1 billion each month to fuel its ambitious projects. Projections indicate that xAI’s annual expenditures could…

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Microsoft Slated for Another Round of Layoffs Early Next Month, Sales Division in the Crosshairs

June 19, 2025 – Bloomberg revealed today that Microsoft is gearing up for another round of job cuts, with thousands of positions expected to be eliminated, primarily hitting the sales division. This move is part of the company’s ongoing efforts to streamline its workforce while simultaneously ramping up investments in artificial intelligence. Sources familiar with…

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OpenAI’s Altman Reveals GPT-5 Expected to Debut This Summer

June 19, 2025 – In the latest episode of OpenAI’s podcast released today, CEO Sam Altman revealed that GPT-5 is anticipated to launch this summer, marking a significant leap in the company’s generative AI capabilities. However, a precise release date remains unconfirmed. According to Business Insider, GPT-5 is set to outperform its predecessor, GPT-4, by…

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Altman: Meta’s $100M Offers to Poach OpenAI Talent Fall Flat

June 18, 2025 – Meta CEO Mark Zuckerberg is ramping up recruitment efforts to lure top AI researchers from OpenAI and Google DeepMind into his newly formed superintelligence unit, TechCrunch reported today. The company is said to be offering eye-popping compensation packages—including salaries and signing bonuses totaling up to $100 million—to entice talent to join…

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iOS 26 Unveils Enhanced iPhone Screenshot Experience: HDR & Visual Intelligence Take Center Stage

June 18, 2025 – Apple has rolled out several enhancements to the screenshot functionality for iPhone users in its latest iOS 26 update, as reported by MacRumors today. The tech giant has introduced a dedicated “Screenshot” settings menu, featuring three key improvements: HDR screenshot capabilities, a manual toggle for CarPlay screenshots, and the integration of…

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