Year: 2026

Amazon, Meta join fight to end Google Pay, PhonePe dominance in India

Amazon, Meta join fight to end Google Pay, PhonePe dominance in India PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions. Powered by WPeMatico https://techcrunch.com/2026/04/29/amazon-meta-join-fight-to-end-google-pay-phonepe-dominance-in-india/

Amazon’s cloud business is surging — and so is its capital spending

Amazon’s cloud business is surging — and so is its capital spending The e-commerce giant is making more money than expected from AWS but it’s also spending a lot, and will continue to do so in the near term, its chief executive said. Powered by WPeMatico https://techcrunch.com/2026/04/29/amazons-cloud-business-is-surging-and-so-is-its-capital-spending/

Sources: Anthropic could raise a new $50B round at a valuation of $900B

Sources: Anthropic could raise a new $50B round at a valuation of $900B The maker of Claude has received multiple pre-emptive offers at valuations in the $850 billion to $900 billion range, according to sources familiar with the matter. Powered by WPeMatico https://techcrunch.com/2026/04/29/sources-anthropic-could-raise-a-new-50b-round-at-a-valuation-of-900b/

On the stand, Elon Musk can’t escape his own tweets

On the stand, Elon Musk can’t escape his own tweets Elon Musk took the stand for the second day for his attempt to legally dismantle OpenAI. Powered by WPeMatico https://techcrunch.com/2026/04/29/on-the-stand-elon-musk-cant-escape-his-own-tweets/

Meta is still burning money on AR/VR

Meta is still burning money on AR/VR Meta is losing billions on Reality Labs each quarter, and its AI expenditures are only going to increase its spending. Powered by WPeMatico https://techcrunch.com/2026/04/29/meta-is-still-burning-money-on-ar-vr/

UK to develop AI hardware plan

UK to develop AI hardware plan The UK government will develop an AI hardware plan, the Technology Secretary announced today, just days after US AI giant OpenAI paused a major UK data centre project. The announcement of the plan emerged today as Liz Kendall said that AI sovereignty was not

Freepik rebrands as Magnific, unifying its AI creative stack as enterprise and “no-collar” growth accelerates

Freepik rebrands as Magnific, unifying its AI creative stack as enterprise and “no-collar” growth accelerates Freepik today announced its relaunch as Magnific, a new identity that confirms its transformation into the world’s most comprehensive AI creative platform, set against the backdrop of a new creative industry in full bloom.  Magnific