AI FIRMS SLASH LOBBYING SPEND IN Q1 2025
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Anthropic and OpenAI dramatically reduced their lobbying expenditures in the first quarter of 2025, dropping to $360K and $560K respectively from their Q1 2026 peaks of $1.6M and $1M.
■ MORE FROM THE BIG TECH DESK
Apple is reportedly redesigning the iPhone interface around a redesigned Siri. The overhaul marks a significant shift in how the voice assistant integrates with iOS.
Tencent is shifting strategy toward smaller AI models to compete with Chinese rivals. Executive Vice President Dowson Tong revealed that AI now accounts for over 20% of the company's revenue and generates 95%+ of new internal code.
Dell reported Q1 revenue of $43.84B, up 88% year-over-year and significantly above the $35.43B analyst estimate. The company also issued FY 2027 guidance above expectations, sending shares up 15% in after-hours trading.
Anthropic, the company behind Claude, has raised $65 billion in funding to reach a $965 billion valuation, surpassing OpenAI as the most valuable AI startup. The massive funding round reflects continued investor appetite for artificial intelligence companies.