About
NetChoice is a trade association fighting for free speech and free enterprise online. This page is a new education project of NetChoice’s.
The goal of our Tech Competition webpage is to show how the abundance of competition in the tech industry benefits consumers through new exciting services, and market signals pushing businesses to constantly innovate and improve their offerings to their customers. We’ll keep this page updated frequently with news and facts that highlight the prevalence and impact of vigorous competition in U.S. tech markets.
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Posts
Tech Competition is Helping Americans. Here's How.
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Thursday • January 9, 2025
Nvidia unveils next-gen AI and industrial digitalization capabilities at Microsoft Ignite
Nvidia Blackwell Empowers Next-Gen AI on Microsoft Azure
At the recent Microsoft Ignite conference, Nvidia and Microsoft unveiled innovations that will power the next wave of generative AI from cloud to PCs and fuel a new era of industrial AI.
These announcements span across the full-stack including next-gen AI infrastructure powered by Nvidia Blackwell, new Omniverse workflows for digital twins and visual generative AI, and tools to enable Windows developers to build and optimize AI-powered apps on RTX AI PCs.
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Tuesday • January 7, 2025
AI Startup Anthropic Raising Funds Valuing It at $60 Billion
Amazon-Backed OpenAI Rival Was Valued at $18 Billion Last Year
Anthropic is in advanced talks to raise $2 billion in a deal that would value it at $60 billion, more than triple its valuation from a year ago. The funding round is being led by the venture firm Lightspeed Venture Partners, people familiar with the matter said. The $60 billion valuation includes the money Anthropic plans to raise in the round.
The deal would make Anthropic the fifth-most valuable U.S. startup after SpaceX, OpenAI, Stripe and Databricks, according to data provider CB Insights. It was valued last year at $18 billion in a round led by Menlo Ventures.
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Tuesday • January 7, 2025
Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger
The Deal Could Generate Up To $200 Million in Cost Savings Three Years After its Close
Getty Images (GETY.N), opens new tab said on Tuesday it would merge with rival Shutterstock (SSTK.N), opens new tab to create a $3.7 billion stock-image powerhouse geared for the artificial intelligence era, in a deal likely to draw antitrust scrutiny. The companies, two of the largest players in the licensed visual content industry, are betting that the combination will help them cut costs and grow their business by unlocking more revenue opportunities at a time when the growing use of generative AI tools such as Midjourney poses a threat to the industry.
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Tuesday • January 7, 2025
Roku Grows To 90M Households
Roku’s Stock Market Pricing Could Also See Another Bump
Streaming distribution service Roku is now in 90 million North American households — and is in nearly half of all U.S. broadband households.
Overall, Anthony Wood, founder and CEO, of Roku, in a release says the platform has “more engagement than any other TV OS [operating system] platform in the U.S.” The households consist of homes in the U.S., Canada, and Mexico. The growth overdelivered on one analyst estimate, which expected the company to get to 88 to 89 million homes by the end of the fourth quarter.
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Saturday • January 4, 2025
Elon Musk’s xAI Raises $6 Billion in New Funding
“A lot of compute is needed,” Mr. Musk Said in a Post About the Financing
The artificial intelligence company founded by Elon Musk, xAI, said on Monday that it had raised $6 billion, giving the start-up a major lift as it competes with rivals, including OpenAI. The company said on its website that it would use the money to continue building its infrastructure and accelerate research and development. BlackRock, Fidelity, Sequoia Capital and others participated in the funding round. The fund-raising could value xAI at $35 billion to $40 billion, up from $24 billion earlier this year, The New York Times previously reported.
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Friday • January 3, 2025
Microsoft to spend $80 billion in FY’25 on data centers for AI
Microsoft and OpenAI Were Reportedly in Talks Regarding the Construction of a Data Center Facility
Microsoft has earmarked $80 billion in fiscal 2025 to build data centers designed to handle artificial intelligence workloads, according to a company blog post.
Specifically, the tech giant plans to build out AI-enabled data centers “to train AI models and deploy AI and cloud-based applications around the world.” Of that $80 billion allocation, more than half will be spent in the United States, according to Microsoft Vice Chair and President Brad Smith. The tech giant’s 2025 fiscal year ends in June.
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