Macron and Merz seek AI answers

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Tech Across the Globe

Internet failure: A major outage on the network of cybersecurity firm Cloudflare knocked out websites, including OpenAI’s ChatGPT and the social network X for several hours on Tuesday morning. 

Meta beats the regulators: A US judge ruled that Meta didn’t act as an illegal monopoly when it bought Instagram and WhatsApp, ruling against the Federal Trade Commission, which had accused the social media giant of violating antitrust laws.

Baidu sales slump: The Chinese internet search leader reported quarterly revenue declined the most ever, suggesting its core ad business is losing market share to rivals while it tries to keep up in the AI race.

Revalued

Ursa Major Technologies, an aerospace and defense tech startup, raised $100 million in a funding round that valued the company at $600 million. Ursa Major, which is about a decade old, is the latest example of Silicon Valley’s enthusiasm for software and hardware companies that supply the military and the space industry.

Must Read

Europe has big ambitions to create its own sovereign technology for artificial intelligence, Christina Kyriasoglou reports in today’s Tech In Depth. But the lack of deals and new ideas at the Summit on European Digital Sovereignty in Berlin signaled the reality that the bloc is struggling in its quest, she writes.

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This Week in Game On

Video-game company AdHoc Studio had struggled for seven years without releasing a single product until October, when it unveiled the first two episodes of Dispatch, a narrative superhero game, Jason Schreier reports in this week’s Game On. The title flipped the company’s future. Instead of facing financial ruin, AdHoc is figuring out how to handle success after the game sold a million copies in its first 10 days, Schreier writes.

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