META'S THREADS HITS 500M MONTHLY USERS
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Meta's Threads has reached 500 million monthly active users nearly three years after launch, marking significant progress toward CEO Mark Zuckerberg's 1 billion-user target for the Twitter alternative.
■ MORE FROM THE BIG TECH DESK
The U.S. government awarded $500 million to startup SandboxAQ under the CHIPS Act to develop new chemicals and materials for semiconductor manufacturing using artificial intelligence.
Major tech companies are spending on AI infrastructure three times faster than their operating cash flow is growing, creating a funding gap that could force them to seek external capital within two years.
Uber will launch its premium robotaxi service in Houston by mid-2027 using Lucid vehicles equipped with autonomous driving technology from Nuro. This marks the company's second robotaxi market and positions it to compete directly with Waymo.
Google is releasing its first smart speaker in six years on June 25, a $100 device deeply integrated with its Gemini AI platform. Preorders begin June 17.