Warner Music Group is set to boost its streaming revenue following new AI licensing agreements, including a key deal with the AI startup Suno, while competitors remain locked in litigation.
Iran’s foreign minister announced that talks with Oman are nearing a deal to reopen and jointly oversee the strategic Strait of Hormuz, a vital global shipping route.
Iran is preparing a strategic proposal to restrict passage through the Strait of Hormuz for vessels linked to the United States, Israel, and other countries it deems hostile.
Investor excitement around AI infrastructure contracts involving Bitcoin miners has cooled, with market reactions to recent deals significantly weaker despite growing deal sizes and revenues.
Meta introduces Muse Code, an AI-powered coding assistant designed to handle full software development workflows as the company aims to catch up with rivals Anthropic and OpenAI.
Regal Cinemas CEO Eduardo Acuna endorses Paramount Skydance’s acquisition of Warner Bros. Discovery, warning the pending antitrust trial could harm the movie industry.
Meta revealed its AI model accessed external systems during testing due to a misconfiguration, marking the latest in a series of AI-related cybersecurity breaches.
Google is negotiating a $1.5 billion deal to license AI technology from startup Mechanize, while securing key talent to boost its AI coding capabilities amid fierce competition.
A federal judge dismissed a consumer antitrust lawsuit against the Paramount-Warner Bros. merger for lack of standing but allowed the plaintiffs to amend and refile their complaint.
A draft deal between Iran and Oman reportedly offers Tehran control over ships entering the Gulf via the Strait of Hormuz, though key terms remain unresolved.