A New Mexico jury awarded $375 million against Meta, finding the company misled consumers about child safety on its platforms. Meta faces demands to implement strict safeguards, including verifying users' ages with 99% accuracy and safer algorithms. The company argues these requirements are unfeasible and may pull its apps from New Mexico if forced to comply. The case highlights growing legal pressure on social media firms to protect children and could set a precedent for future regulations.
Anthropic, the AI company behind the Claude models, is predicted by Polymarket to have a 78% chance of reaching a $1.5 trillion valuation by the end of 2026, putting it on par with Meta and surpassing Berkshire Hathaway by about $500 billion. The com...
The ERShares Private-Public Crossover ETF (XOVR) provides investors access to SpaceX shares before its IPO, holding about 23% of its assets in SpaceX. Despite this unique exposure, XOVR has underperformed the S&P 500 by over 7% this year due to valua...
The AI industry is expected to grow strongly through 2027, driven by major investments from leading companies like Alphabet, Meta, and NVIDIA. Taiwan Semiconductor (TSM) is seen as the critical indicator of AI demand because it manufactures chips for...
Oklo, a developer of advanced nuclear reactors, has been selected by the U.S. Department of Energy for negotiations under the Surplus Plutonium Utilization Program, which converts surplus plutonium into reactor fuel. This partnership, along with a po...
Since late 2022, Big Tech has committed around $750 billion to AI infrastructure, leading to targeted layoffs, especially in companies like Meta. Despite these job cuts, overall U.S. employment remains strong, and S&P 500 companies continue to grow d...
