Two law firms, Richardson Hartley Law and Humphries Kerstetter, have launched a group legal action against Meta, accusing the company of enabling scam advertisements on Facebook and Instagram that have caused significant financial losses to tens of thousands of British consumers. Victims reportedly lose an average of £37,000 each, often their life savings, due to fraudulent investment schemes and fake cryptocurrency ads. Despite public outcry and calls for government action, Meta has not been held accountable, with internal documents suggesting the company profited from these scams. The legal action aims to hold Meta responsible and push the company to address scam ads more effectively, with eligibility for victims who lost £2,000 or more in the past six years.
Meta has rolled out new safety features for its platforms, Instagram, Facebook, and Messenger, aimed at limiting teenagers' exposure to potentially harmful content, such as posts on nutrition, weight lifting, and anxiety. This move comes after Meta w...
The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has received a buy rating due to accelerating investments in AI infrastructure by major hyperscalers, who are expected to invest over $700 billion. This surge is driving strong capital...
Instagram patched a security flaw that hackers exploited by tricking Meta's AI support chatbot to gain control of user accounts without needing access to the linked email. High-profile accounts, including the Obama-era White House and a U.S. Space Fo...
The S&P 500's recent rally is largely fueled by AI-related companies, with investor enthusiasm leading to crowded positioning and fear of missing out. AI capital expenditure is projected to reach $1.2 trillion by 2027, but funding is increasingly rel...
Ahead of California's June 2 primary election, tech billionaires like Google co-founder Sergey Brin and crypto mogul Chris Larsen have spent unprecedented sums, totaling hundreds of millions, to influence state and local races. Their goal is to secur...
