OpenAI Rejects Apple’s Trade Secret Theft Allegations
OpenAI has denied Apple’s allegations that former employees stole trade secrets, arguing that the iPhone maker has failed to show that any confidential information was misappropriated. In a filing in a U.S. District Court...
OpenAI Reportedly Holds $5.5 Billion in SB Energy Warrants
OpenAI has been issued warrants estimated to be worth $5.5 billion in power infrastructure firm SB Energy, according to a Wall Street Journal report citing draft IPO documents reviewed by the publication. The reported...
Nvidia Forecasts 70% Revenue Growth as AI Demand Surges
Nvidia forecast a 70% jump in revenue for its next fiscal year, significantly above Wall Street expectations of 44%, signaling that demand for AI computing remains exceptionally strong. Shares rose nearly 5% in extended...
Meta Settlement Leaves Core Business Intact
Meta Platforms has emerged from its biggest U.S. legal challenge with its core business largely intact after agreeing to pay up to $18 billion over a decade to settle claims brought by nearly all...
Uber Faces €825 Million GDPR Fine
The Dutch Data Protection Authority has fined Uber €825 million ($966 million) for allegedly violating European data protection rules by using automated systems to suspend or deactivate drivers without providing adequate information or meaningful...
OpenAI Unveils ChatGPT for Teens With Stronger Safeguards
OpenAI on Tuesday introduced “ChatGPT for Teens,” a version of its AI chatbot designed for users aged 13 to 17, featuring enhanced security measures and parental controls. The new system automatically activates when a...
Databricks Raises $5 Billion at $190 Billion Valuation
Databricks has closed a $5 billion strategic funding round at a valuation of $190 billion, as the data and artificial intelligence software company ramps up investment in products designed for AI agents. The round...
Meta Faces Major Youth Social Media Trial
Meta is set to face a major legal challenge in a California federal court over allegations that Facebook and Instagram were deliberately designed to keep children and teenagers engaged and that the company misled...
Meta Fined $567 Million Over Teen Mental Health
A New Mexico state court has ordered Meta to pay $567 million into a teen mental health fund and make major changes to how Facebook and Instagram operate for young users, ruling that the...
AI Spots Fake “Made in USA” Labels, Retailers Yet to Act: Study
A new study has found that the AI shopping assistants of Amazon and Walmart can often identify false “Made in USA” claims on products, but the retail giants are not fully using the technology...