Minimalist News

AI Summary

Meta's newly launched video creation app, Instagram Edits, achieved over 7 million downloads in its first week, surpassing the debut of ByteDance's competitor, CapCut.
Elon Musk's xAI Holdings is reportedly in talks to raise $20 billion, which could establish it as one of the largest private funding rounds in tech history, potentially valuing the company at over $120 billion.
DoorDash is pushing back against a lawsuit from Uber, claiming the accusations of anti-competitive practices lack merit and labeling the lawsuit as a "scare tactic."
Apple is considering relocating iPhone production from China to India, aiming to manufacture all US-bound devices by 2026, while facing challenges in meeting heightened demand for its new Switch 2 gaming console.
Google's AI initiatives are gaining traction, with 1.5 billion monthly users engaging with its AI-summarized search results, while the company faces scrutiny regarding the accuracy and reliability of this AI-generated information.

Hacker News

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