Google has filed a lawsuit against a Chinese cybercrime network called Outsider Enterprise, accusing it of using Google's AI system, Gemini, to create hundreds of fake websites and send millions of scam messages to Americans. The group mimicked trusted companies and government services to defraud people, affecting hundreds of thousands mostly in the US. Google is working with the FBI and major wireless providers to shut down the network and prevent a surge in AI-powered online fraud, which is growing rapidly and caused nearly $21 billion in losses last year. The case highlights the increasing threat of AI-enhanced scams and the need for coordinated law enforcement action.
Morgan Stanley analyst Adam Jonas reaffirmed a 'Buy' rating on SpaceX stock, forecasting a 116% rise to $300 in 12 months, driven by optimism around the upcoming Cursor acquisition. The firm also outlined a bullish scenario where the stock could reac...
US tech giants like Meta, Amazon, Alphabet, and Microsoft are investing nearly $800 billion in AI infrastructure in 2026, but economist Jonathan Millar warns this massive spending hasn't translated into measurable productivity gains yet. Drawing para...
A federal appeals court ruled that social media companies like Meta, Snap, TikTok, YouTube, and Roblox cannot use Section 230 of the Communications Act to dismiss thousands of lawsuits alleging addiction among young users. The court said Section 230 ...
JPMorgan has increased its S&P 500 target for 2026 from 7,800 to 8,000, citing stronger-than-expected corporate earnings and significant AI-related investments driving business growth. The bank expects earnings per share to grow 35% in 2026, supporte...
Google Play has added Venmo as a payment option for purchases including games, apps, add-ons, and digital content. Users can link their Venmo wallet or other linked payment methods like bank accounts and cards to pay for subscriptions or tip creators...
