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Microsoft vs OpenAI, Meta's AI agents, foreign robot ban · Newslit Daily

• 0:02
  SPEAKER_00: Good morning.
• 0:03
  SPEAKER_00: It's Thursday,
• 0:04
  SPEAKER_00: July 30th,
• 0:05
  SPEAKER_00: and you are listening to Newslit Daily,
• 0:07
  SPEAKER_00: expertly curated news bits on what is happening around us
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  SPEAKER_00: to supercharge your mornings.
• 0:13
  SPEAKER_00: In today's edition,
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  SPEAKER_00: Microsoft closed out its fiscal year with more than $300 billion in revenue
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  SPEAKER_00: and used its latest earnings call to openly pitch its own AI models as
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  SPEAKER_00: an alternative to the two major AI labs it has invested billions in.
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  SPEAKER_00: Its CEO argued that companies should never depend on a single AI model,
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  SPEAKER_00: pointing to last week's high-profile security incident as proof,
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  SPEAKER_00: and pushed the company's own model family and custom chips as a safer,
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  SPEAKER_00: cheaper option.
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  SPEAKER_00: Meta beat revenue expectations for the second quarter,
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  SPEAKER_00: but its stock fell after hours on weaker guidance and rising costs tied
• 0:53
  SPEAKER_00: to AI spending.
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  SPEAKER_00: Its chief executive told investors that within five years,
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  SPEAKER_00: billions of people will each have a personal AI agent managing their health,
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  SPEAKER_00: finances and relationships,
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  SPEAKER_00: describing it as the foundation of the company's next wave of products.
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  SPEAKER_00: The United States banned Chinese-made robots,
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  SPEAKER_00: a rule that reaches from humanoid robots used in research labs all the way
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  SPEAKER_00: to ordinary robot vacuums, and even applies to some products from allied countries.
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  SPEAKER_00: Supporters call it one of the strongest technology security moves in years,
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  SPEAKER_00: while critics warn it could end up hurting American startups that rely
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  SPEAKER_00: on affordable foreign hardware.
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  SPEAKER_00: Elon Musk settled a two-year legal battle with a global advertiser group over
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  SPEAKER_00: an alleged boycott of his social media platform following his 2022 takeover.
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  SPEAKER_00: Neither side disclosed the terms,
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  SPEAKER_00: but both said they are moving past the dispute and resetting their relationship.
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  SPEAKER_00: Google rolled out a new AI music model
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  SPEAKER_00: that turned one writer's rambling over-the-top prompt into a strange,
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  SPEAKER_00: oddly catchy song.
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  SPEAKER_00: A reminder of just how unpredictable AI generated music still is,
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  SPEAKER_00: even as it becomes more common across streaming platforms.
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  SPEAKER_00: That's it for today.
• 2:13
  SPEAKER_00: See you tomorrow.