Truncated: latest AI news

Wednesday 4 November

Report: Apple reduces employees’ AI token allowances as Ternus moves to cut costs

AI-generated summary According to Bloomberg, Apple has reportedly reduced employees’ daily artificial intelligence spending limits from $300 to $200 as part of broader cost-cutting efforts. The company is planning further cuts to these daily allowances for some engineering teams, though employees can seek exemptions from senior leadership.

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Democrat wins will slow data center construction and force tech to the negotiating table after even Republican stronghold of Texas flips

Gina Hinojosa beat Gov. Greg Abbott in the race for Texas governor Tuesday.

AI-generated summary Recent Democratic victories in midterm elections brought several new governors to office who campaigned on restricting data center development, which could complicate Big Tech plans to build out infrastructure powering AI. Yorkville Ives tech analyst Dan Ives stated that tech companies will need to reassess and adjust to a slower pace of AI rollouts following the election outcomes.

Earlier: Texas Democrats Push AI Guardrails After Historic Midterm Gains

Ada to merge with Dialpad in deal reportedly valuing firm at $600 million

AI-generated summary Toronto-based customer service technology company Ada announced that it is merging with Dialpad in an all-share transaction set to value Ada at approximately $600 million CAD. Mike Murchison stated that joining forces with Dialpad will accelerate their joint product roadmap as they compete against other players in the artificial intelligence customer service space.

Uber sets its first-ever driverless deadline: 700 robotaxis by December, 10K+ by 2028

Nissan Wayve Uber

AI-generated summary Uber announces plans to deploy approximately 700 fully driverless vehicles on its platform by December 31, with totals projected to climb past 2,000 by the close of 2027 and into the tens of thousands by 2028. The company expects autonomous vehicle fleet financing to shift progressively from its own balance sheet to third-party capital arrangements such as a one billion dollar Santander arrangement.