CuspAI Raises $450 Million to Accelerate AI-Driven Materials Discovery
British artificial intelligence startup CuspAI has raised $450 million in a Series B funding round led by Kleiner Perkins and NEA, reaching a valuation of $2.6 billion. The round attracted major investors including the...
Meta to Begin AI Chip Production in September to Boost Computing Power
Meta Platforms plans to begin manufacturing its in-house artificial intelligence chip, code-named Iris, from September as part of its strategy to expand AI computing capacity to 14 gigawatts by next year, according to an...
Meta Faces $1.4 Trillion Penalty Claim in Youth Addiction Lawsuit
Meta Platforms has revealed that four U.S. states are seeking nearly $1.4 trillion in penalties over allegations that Facebook and Instagram were intentionally designed to addict young users while misleading the public about the...
Ohio Law Requiring Parental Consent for Social Media Use by Minors Upheld
A U.S. appeals court has ruled that Ohio can enforce a law requiring social media companies to obtain parental consent before allowing children under the age of 16 to use their platforms. The decision,...
U.S. Supreme Court Allows Vermont’s Instagram Addiction Lawsuit Against Meta to Proceed
The U.S. Supreme Court has declined to hear an appeal by Meta Platforms seeking to block a lawsuit filed by the State of Vermont, allowing the case to move forward. Vermont Attorney General Charity...
Santa Clara County Sues Meta Over Alleged Scam Ads on Facebook and Instagram
California’s Meta Platforms is facing a lawsuit from Santa Clara County, which accuses the tech giant of profiting from fraudulent advertisements on Facebook and Instagram in violation of California’s false advertising and unfair business...
New Mexico Trial Targets Meta Over Alleged Harm to Young Users
A high-stakes trial has begun in New Mexico to examine claims that Meta’s platforms — Facebook, Instagram, and WhatsApp — have negatively impacted the mental health of young users. The case, led by Attorney...
Massachusetts Top Court Allows Lawsuit Against Meta Over Youth Addiction Claims
The Massachusetts Supreme Judicial Court has ruled that Meta Platforms must face a lawsuit filed by the state’s attorney general, alleging the company deliberately designed Facebook and Instagram features to addict young users. The...
Meta and Google Found Negligent in $6 Million U.S. Social Media Harm Verdict
A Los Angeles jury has found tech giants Meta and Alphabet’s Google negligent in a landmark $6 million verdict over claims that their social media platforms harmed young users. The jury awarded $4.2 million...
Meta Pushes Back as EU Charges WhatsApp API with Antitrust Breach
Meta Platforms has criticized European Union regulators after being charged with breaching antitrust rules, in a move that could force the U.S. technology giant to alter how artificial intelligence services operate on its messaging...