Kuaishou Sees Higher Spending on AI Development Denting Margins
Chinese social platform Kuaishou Technology expects to spend more on artificial intelligence development as it tries to dispel concerns about lackluster monetization of its latest AI tool.
Overall losses for Kling AI will continue to narrow as revenue grows, while fixed costs like training and labor will be more spread out, according to Chief Financial Officer Jin Bing.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Marjorie Taylor Greene Seemingly Admitted She Hadn't Read The "Big, Beautiful" Bill Before Voting For It
Well, one of the people who is no longer a fan of the "One Big, Beautiful Bill" is none other than someone who voted for it: Marjorie Taylor Greene. The tax bill passed through Congress last month with a 215 to 214 vote (two Republicans voted no; Kentucky's Thomas Massie and Ohio's Warren Davidson). Within its 1,000+ pages, the bill offers greater benefits to the richest Americans, big cuts on Medicaid and SNAP, and a potentially troubling limitation on courts' abilities to enforce contempt. It's estimated to add $3.8 trillion to the federal deficit. As the bill awaits its future in the Senate, Marjorie took to X to criticize it. "Full transparency, I did not know about this section on pages 278-279 of the OBBB that strips states of the right to make laws or regulate AI for 10 years," she wrote. Related: A Republican's Response To A "Tax The Rich" Chant At His Town Hall Is Going Viral "I am adamantly OPPOSED to this and it is a violation of state rights and I would have voted NO if I had known this was in there," she continued. "We have no idea what AI will be capable of in the next 10 years and giving it free rein and tying states hands is potentially dangerous. This needs to be stripped out in the Senate." Related: "I Am So Torn With What You Are Doing" — 11 Posts From MAGA Business Owners Who Are So Close To Getting It "When the OBBB comes back to the House for approval after Senate changes, I will not vote for it with this in it. We should be reducing federal power and preserving state power. Not the other way around. Especially with rapidly developing AI that even the experts warn they have no idea what it may be capable of," she concluded. Indeed, part of the bill plainly reads, "No State or political subdivision thereof may enforce, during the 10-year period beginning on the date of the enactment of this Act, any law or regulation of that State or a political subdivision thereof limiting, restricting, or otherwise regulating artificial intelligence models, artificial intelligence systems, or automated decision systems entered into interstate commerce." Democrat Representative Eric Swalwell, among others, subsequently concluded that MTG likely hadn't actually read the bill itself. Marjorie joins the company of Republican Representative Mike Flood, who got yelled at during a town hall when he was asked about the provision surrounding contempt orders. He replied, 'I do not agree with that section that was added to the bill...I am not going to hide the truth, this provision was unknown to me when I voted for that." I mean, when even Elon Musk and Marjorie Taylor Greene are criticizing your glad these people get to make decisions over healthcare!!! Also in In the News: People Can't Believe This "Disgusting" Donald Trump Jr. Post About Joe Biden's Cancer Diagnosis Is Real Also in In the News: Miss USA's 2024 "National Costume" Has Been Revealed, And It's Obviously An Interesting Choice Also in In the News: One Body Language Expert Spotted Something Very Telling When Donald Trump "Held His Own Hand" At His Recent Press Conference
Politico
42 minutes ago
- Politico
AI companies pitch Washington as cuts roil federal landscape
Presented by With help from Anthony Adragna The Walter E. Washington Convention Center was buzzing Tuesday as roughly 15,000 attendees swarmed the floors of the Special Competitive Studies Project's second annual AI+ Expo. Some 180 exhibitors showcased everything from fast-moving tactical drones to software that claims to decode geopolitical risk in real time. It was a snapshot of the massive wave of ambition around AI-based government contracting — dynamic, sprawling and deeply optimistic. But beneath the glitz of AI-powered warfighting tools and defense integration platforms, a more complicated story is emerging. There's a growing bifurcation in Washington's AI landscape, with defense agencies charging ahead and many civilian agencies stumbling in the wake of sweeping budget cuts and policy churn. The Pentagon is opening up newer, faster avenues for technological acquisition, confident about the growth of its purchasing budget. Meanwhile, civilian agencies are grappling with fallout from the work of the Department of Government Efficiency initiative, including staffing cuts, budget freezes, and uncertainties about their ability to buy and manage a complex new technology. 'It's really uncharted territory right now,' said Ben Edelman, who founded the AI business automation company EmberByte in Ashburn, Virginia. He attended SCSP to network and learn more about how to work with the government. 'They're still doing most of the cutting and trying to figure out what they don't want. So I imagine once they're done with that, they'll figure out what they do want,' he said. One exhibitor for a federal AI contractor put it bluntly: 'There's a lot of angst right now,' said the exhibitor, granted anonymity to speak freely. 'Everyone's asking, when will the dust settle? What will this look like after the DOGE cuts?' For one set of companies, AI looks like a way to stave off cutbacks. As the Trump administration targets the contracts of major government consulting firms, those companies are re-pitching themselves as AI implementation powerhouses. 'They're no longer just consultants. Now it's: 'We have AI products,' and they're partnering with startups and incubators, trying to evolve fast,' said the exhibitor, whose company works with consulting firms. Contractors for agencies like the Department of Health & Human Services and USAID, which have been the focus of DOGE cuts, have been particularly worried, the exhibitor said. By contrast, the Department of Defense is sending a much different signal. The exhibitors DFD talked to were convinced the boom in defense contracting for AI is just beginning. Under the Biden administration, the DOD requested $1.8 billion for AI programs in 2025; the Trump administration has yet to release details on its defense budget for next year. 'There's a lot of money going in there,' said Ron Wright, who staffed a booth of the Virginia-based business coalition National AI Association that he co-founded this year. Wright said the group has over 1,000 corporate members, many of them startups eager to contract with the DOD. On the non-defense side, Wright said his member companies were optimistic that DOGE would ultimately create government opportunities for contractors with experience in the commercial world. 'The next step for DOGE is going to be more and more analysis, using AI to improve productivity,' he said. 'It's no different from what's happening on the corporate side.' Despite the lack of clarity, walking the floor of SCSP was a testament to the perpetual optimism of the tech business world. But at least one contractor said implementing AI would require some work to build up federal contracting abilities, as agencies lose key technical talent needed to integrate AI into their operations. Joel Meyer, who leads public sector business at the enterprise AI company Domino Data Lab, said having a capable technology procurement force in the government is a 'necessity.' 'It's important that the contracting officer workforce be strengthened and trained to be able to accelerate the procurement of commercial cutting-edge technology,' said Meyer, who previously served as deputy assistant secretary for strategic initiatives at the Department of Homeland Security. 'I would very much like to see them doing more of that.' Pushback to state ai moratorium A bipartisan group of 260 state lawmakers from all 50 states is calling on Congress to drop a proposed 10-year moratorium on states enforcing their own laws to regulate artificial intelligence. 'The sweeping federal preemption provision in Congress's reconciliation bill would also overreach to halt a broad array of laws elected officials have already passed to address pressing digital issues,' the lawmakers wrote in the letter Tuesday. Their push follows a mid-May effort from 40 state attorneys general who also called on Congress to jettison the moratorium from the megabill, which passed the House last month. The state lawmaker letter comes as senators prepare arguments under the so-called 'Byrd bath', a process for determining if provisions in the party-line reconciliation bill have a budgetary effect or have to be dropped. GOP senators are largely supportive of the moratorium but are skeptical it will survive the Byrd rule. Sen. Ed Markey (D-Mass.) hailed the new bipartisan push on the Senate floor Tuesday. 'These state leaders are right: This provision would be devastating for our country,' Markey said. Palantir pushes back Palantir is pushing back on a report from The New York Times that the data analysis and technology firm is working with the Trump administration to gather information on Americans. 'Palantir never collects data to unlawfully surveil Americans, and our Foundry platform employs granular security protections. If the facts were on its side, the New York Times would not have needed to twist the truth,' the company wrote in a post on X Tuesday. Trump signed an executive order in March calling on federal agencies to expand efforts to share data across the government, raising concern doing so might expand surveillance abilities to new heights. The Times reported that the Department of Homeland Security and the Pentagon are working with Palantir, while the Social Security Administration and the Internal Revenue Service are in talks with the company. The New York Times did not respond to request for comment. post of the day THE FUTURE IN 5 LINKS Stay in touch with the whole team: Mohar Chatterjee (mchatterjee@ Steve Heuser (sheuser@ Nate Robson (nrobson@ and Daniella Cheslow (dcheslow@
Forbes
an hour ago
- Forbes
Samsung Starts Deleting Accounts In 8 Weeks—How To Keep Yours
All change for Samsung users. There's a new tension at the heart of Android. Whisper it quietly, but everything might change, Reports suggesting Samsung could replace Google's AI should come as no surprise. Samsung phones outsell Google's tenfold, yet Google controls the OS on which all those phones run. Delayed updates and waiting in line for new features can't sit well. All of that means your Samsung account might become much more important than it is now. But just as with your Google account, Samsung has introduced a new policy to delete accounts that have not been used for a while. That 'inactive' timeline is set at 24 months, and those deletions begin on July 31, which is just 8 weeks from now. 'If you've used multiple Samsung accounts on different devices and haven't signed into one of them for a while, you may want to do so,' SamMobile says. 'Samsung says that this is being done in the interest of ensuring that the data of users who haven't used their accounts for two years remain protected.' If you're affected, Samsung should have let you know by email — albeit the email associated with the inactive account can't be inactive as well, or that notification won't reach you. 'When an account is deleted,' SamMobile says, 'access will be restricted and all of the data linked to that account will be deleted.' If you do have multiple accounts or a main account that is dormant as you move between phones, the fix is simple. Just 'log into it or use a Samsung service or product while logged into the account so that it's no longer considered inactive.' If you don't, 'Samsung has said that accounts and data once deleted can't be restored.' Samsung's direction of travel on Android might be informed by China's leading OEMs. There's speculation they may switch Android for a homegrown OS with Huawei, which would change the game completely. Meanwhile, speculation continues as to when Samsung might upgrade Galaxy phones to One UI 8 and Android 16, most of which have only just received One UI 7 and Android 15. It's not hard to see the problem.
