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...
Australia Tightens Rules on Tech Giants Over News Content
Australia has passed legislation requiring major technology companies to strike commercial agreements with local news publishers or face a levy of 2.5% of their advertising revenues. The News Bargaining Incentive is aimed at ensuring...
Meta Faces Major Youth Safety Trial
A coalition of 29 U.S. states will begin presenting its case against Meta Platforms in federal court in California on Tuesday, accusing the company of designing Facebook and Instagram in ways that harmed the...
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...
Warren Opposes AI Secrecy Push in USMCA Trade Talks
Democratic Senator Elizabeth Warren has urged the Trump administration to reject efforts by major artificial intelligence companies to weaken transparency requirements in the U.S.-Mexico-Canada Agreement (USMCA). In a letter to U.S. Trade Representative Jamieson...
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,...