Meta faces twin threats to user growth

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Tech Across the Globe

Tencent bets on AI: China's most-valuable company plans to at least double investments in artificial intelligence to more than $5.2 billion in 2026.

SAP pushes AI: The German software company is creating a new unit with hundreds of employees to promote the adoption of its AI tools and plans to change the way it charges customers for its products.

Netflix banks on KPop Demon Hunters: The streaming company is planning a live global concert tour featuring songs from its most popular movie ever — ahead of a sequel to the animated film.

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Businessweek

People Are Using Claude to Do Their Taxes (But Maybe They Shouldn't)

Accountants warn of the potential for costly mistakes using ChatGPT and other AI tools.

Technology

Google Ties Data Center to 20-Year Power Deal, Solar Investment

Alphabet Inc.'s Google is moving ahead with plans for a major data center in Michigan that features a 20-year electricity contract requiring it to cover the full expense of adding a haul of new clean power.

Technology

Micron Boosts Factory Spending in Bid to Keep Up With Demand

Micron Technology Inc. warned that it will need to spend heavily on production to meet burgeoning demand, overshadowing a generally upbeat forecast from the largest US maker of computer memory chips.

Revalued

Xbow, a cybersecurity startup that relies on AI, raised $120 million in a funding round that pushed the company's valuation to more than $1 billion. Founded in 2024, Xbow is among the companies that promises to use advances in AI to combat corporate hackers, including those who employ artificial intelligence themselves.

Must Read

A growing consensus is building that children are harmed by too much exposure to social networks — and that view is a threat to the companies' user growth, Kurt Wagner reports in today's Tech In Depth. Meta, particularly, is facing a lawsuit alleging its apps are addictive and a proposal in its home state of California that would ban social media for those younger than 16, he writes.

Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world.

This Week in Cyber Bulletin

Chinese universities have increasingly created partnerships with European schools on cybersecurity research, according to a new report, potentially giving China's military a means of collecting details on high-tech projects, Ryan Gallagher writes in this week's Cyber Bulletin.

Sign up for the Cyber Bulletin newsletter for exclusive coverage inside the shadow world of hackers and cyber-espionage ‒ and how businesses are playing defense.

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