In other news, President-elect Donald Trump plans to nominate Paul Atkins, an advocate for looser crypto regulation, as chair of the U.S. Securities and Exchange Commission. Google's DeepMind has unveiled Genie 2, an AI model that can generate playable 3D worlds from a single image and text description. The article also mentions various other updates, including Apple's struggles with Chinese iPhones, Jeff Bezos's optimism about Trump, and layoffs at fintech unicorn Stash.
Key takeaways:
- Spotify is about to reach full-year profitability for the first time in its 18-year history, defying the odds and proving its corporate fortunes.
- Amazon Web Services is borrowing pieces of Amazon's winning playbook to propel a new AI strategy, with the aim of quieting critics who argue Amazon is playing catch-up in the AI wars.
- Intel's future is at risk after the abrupt exit of CEO Pat Gelsinger, with the company's share price falling by more than 6% as the implications sunk in.
- OpenAI CEO Sam Altman has expressed that he is not worried about Elon Musk's influence when President-elect Donald Trump returns to the White House, stating it would be 'un-American' for Musk to leverage his role against competitors.