Alibaba has led a $300 million funding round in AI video startup PixVerse, valuing the company at over $1 billion. PixVerse offers tools that generate videos from text and images and has reported more than 100 million users globally. The funding will support expansion into North America and Asia, as demand for generative AI video tools increases and competition intensifies across global technology companies.
The xAI lawsuit Colorado challenges a state law aimed at reducing bias in artificial intelligence systems. The company argues the rules create compliance and liability concerns, while officials defend the framework. The case reflects broader global efforts to regulate AI as adoption continues to grow.
Meta social media lawsuits have led to the removal of ads recruiting plaintiffs across its platforms. The move follows rising legal cases, recent jury verdicts and a surge in legal advertising, alongside increasing regulatory scrutiny on youth safety and platform accountability.
Abbott infant formula lawsuit results in a $53 million jury verdict in the United States over NEC-related claims in a premature infant case. The ruling adds to ongoing litigation involving infant formula manufacturers and increasing scrutiny around neonatal nutrition products, medical risks, and regulatory standards.
Elon Musk’s SpaceX reported a net loss of nearly $5 billion for 2025, despite generating a record $18.5 billion in revenue. The financial hit is primarily attributed to the acquisition and rapid expansion of xAI, which spent $13 billion on chips and data centers. While the core launch and Starlink divisions remain highly profitable, the heavy AI burn rate has impacted the bottom line. This comes as SpaceX prepares for a June 2026 IPO, targeting a valuation exceeding $1.75 trillion to fund its interplanetary ambitions
OpenAI investigation in Florida is examining whether ChatGPT had any role in the 2025 Florida State University shooting. Authorities are reviewing user activity and safeguards, while no direct link has been confirmed. The case adds to rising global scrutiny of AI platforms.
OpenAI has officially launched a new AUD $155-a-month subscription tier aimed at professional developers in Australia. This “Pro” plan offers five times more usage of the Codex coding agent compared to the standard Plus plan, alongside unlimited access to OpenAI’s most advanced “Thinking” models. By filling the gap between entry-level and enterprise pricing, OpenAI is targeting the growing community of 3 million weekly builders. This article details the plan’s features, its impact on the developer community, and OpenAI’s broader expansion into car-based AI experience.
Traffic across major Australian roads is falling as soaring fuel prices push commuters to cut driving and shift to public transport.
Australia is looking to secure new fuel supplies from the US, Mexico and Asia as diesel prices surge to record highs, highlighting growing energy security concerns.
ChatGPT Pro plan has been launched at $100 per month, increasing Codex usage limits and targeting developers who require high-frequency AI coding support. The rollout comes as global adoption of AI developer tools grows and competition intensifies across the generative AI sector.
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