Meta has started undoing its $2 billion acquisition of the Chinese-founded AI startup Manus, cutting off data sharing and operational ties to comply with a Chinese government divestiture order on national security grounds. Manus is moving toward independence, with its co-founders exploring raising $1 billion from outside investors to regain control, possibly forming a Chinese joint venture and listing in Hong Kong. This reflects Beijing's strict control over sensitive technology and foreign investment, as China also tightens travel and capital flow restrictions in the AI sector. Despite the separation, Manus continues to develop new AI features and expand partnerships.
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
