Meta is on trial in California over allegations that it designed Facebook and Instagram to be addictive and misled the public about risks to young users. State attorneys general from four states accuse Meta of downplaying harm and violating laws on children's data. Meta denies wrongdoing and disputes the addiction claims, arguing the damages sought could reach $1.4 trillion. The trial, expected to last 4-6 weeks and include testimony from CEO Mark Zuckerberg, could set a precedent on social media's impact on youth. Previous rulings have already fined Meta nearly $1 billion in New Mexico for teen protections violations.
This week saw major AI companies like Anthropic, OpenAI, Meta, and Google release significant updates to their AI models, intensifying competition in the fast-evolving AI market. Nvidia announced a $12.9 billion acquisition of open-source AI platform...
The August jobs report showed stronger-than-expected job growth with 162,000 jobs added and unemployment steady at 4.1%, easing concerns about labor market weakness. This shifts the Federal Open Market Committee's (FOMC) attention fully to inflation ...
Jim Cramer recently called the Magnificent Seven tech stocks—Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla—a generational buying opportunity, arguing they are undervalued due to heavy AI infrastructure spending. He believes this capital invest...
Meta Platforms, Inc. has launched its Muse Spark 1.3 AI model, which significantly reduces the performance and token efficiency gap with leading AI models from Anthropic and OpenAI. This advancement strengthens Meta's AI strategy by improving token u...
The Schwab U.S. Large-Cap Growth ETF (SCHG) heavily concentrates its portfolio in just three tech giants—NVIDIA, Apple, and Microsoft—making up nearly a third of its holdings. Despite being marketed as a diversified large-cap growth fund, this concen...
