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...
Google Faces Up to $10 Billion in EU Lawsuits
Google is facing a fresh legal challenge in Europe as a series of private lawsuits seeking up to $10 billion in damages gather momentum following its first loss under the European Union’s Digital Markets...
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...
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement
A U.S. federal judge in San Francisco has granted final approval to Anthropic’s landmark $1.5 billion settlement in a class-action copyright lawsuit brought by a group of authors who accused the artificial intelligence company...
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...
Hitachi Energy, Eve Partner to Build Charging Network for Flying Cars
Hitachi Energy and Eve Air Mobility have entered into a strategic partnership to develop the power infrastructure required for Eve’s electric vertical takeoff and landing (eVTOL) aircraft, commonly known as flying cars. The collaboration...
Flex Raises $70 Million, Hits $1.2 Billion Valuation
AI-powered fintech startup Flex has raised $70 million in a funding round led by Halo Fund, the venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney. According to a...