Emma Roth

T-Mobile is creating a joint venture with the investment firm KKR to acquire Metronet, a service that provides fiber internet to over 2 million homes and businesses in 17 states.

As part of the deal, T-Mobile will invest $4.9 billion for a 50 percent stake in the joint venture and all of Metronet’s residential customers. In April, T-Mobile announced plans to acquire the fiber optic company Lumos as well.

That means mapping developers can access the 2.3 billion unique buildings, 54 million places of interest, 200 million addresses, and other global data collected by the Overture Maps Foundation. The open-source initiative launched in 2022 with the goal of offering a free alternative to mapping data provided by Google and Apple.

During Alphabet’s earnings call on Tuesday, CFO Ruth Porat said the company will “commit to a new multi-year investment of $5 billion” into Waymo, which has launched its robotaxi service in San Francisco, Los Angeles, and Phoenix.

Comcast’s earnings report today revealed that Peacock lost 500,000 subscribers in the months leading up to the Olympics — and Peacock’s planned price hike. Despite this, Peacock is pushing toward profitability with $1 billion in revenue and losses narrowing to $348 million.

Alongside the FTC and the DOJ, the UK and EU’s antitrust authorities have issued a joint statement saying they will work to ensure fair competition in the AI industry.

One potential issue highlighted by the enforcers is the possibility that AI chipmakers could “exploit existing or emerging bottlenecks,” giving them “outsized influence over the future development” of AI tools.