A New Mexico judge expressed concern Monday that the state's proposed safety reforms for Instagram and Facebook might be excessive. The attorney general seeks up to $3.7 billion in penalties and major changes after a jury found Meta failed to protect children from sexual predators. The judge emphasized his role is not to act as a regulator but to ensure remedies address proven harms without overstepping. Meta argues the state's demands are impractical and has threatened to block access to the apps in New Mexico if forced to comply. The case will determine if Meta's failures constitute a public nuisance and which safety measures are appropriate.
Chinese startup Even Realities Technology, founded by former Apple engineer Will Wang, raised $150 million in a pre-Series B round, reaching a $1 billion valuation. The company develops AI-integrated smart glasses focused on privacy, with no cameras ...
SanDisk's stock price skyrocketed 3,904.6% over the past year following its spin-off from Western Digital, driven by increased investor interest in memory hardware for AI data centers. A $1,000 investment in SanDisk last summer would now be worth ove...
India's government has issued stern warnings to Meta's Instagram and WhatsApp platforms within a week. Instagram was ordered to remove all child sexual abuse-related ads following a BBC investigation revealing paid ads promoting such content. WhatsAp...
David H. Lerner is accumulating shares of Meta Platforms and Micron, citing their strong long-term growth prospects driven by AI. Meta trades at a low forward P/E of about 18x with solid earnings and a strategic shift to AI cloud services and non-adv...
The recent surge in AI-related stocks appears to be losing momentum due to challenges faced by OpenAI, including pricing pressures, a delayed IPO, and political issues. Major tech companies like Meta and hyperscalers are reconsidering their investmen...
