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.
Meta Platforms is pivoting its AI strategy from consumer models to tools for small businesses, a move praised by Rothschild & Co Redburn analysts for potentially increasing margins and growth. The firm maintained a 'Buy' rating and raised the 12-mont...
A Nikkei study reveals that five major U.S. tech companies hold $1.65 trillion in hidden debt, far exceeding their reported liabilities. This debt has grown eightfold in four years, driven by heavy investments in artificial intelligence. Meta and Ora...
Meta Platforms is entering the cloud hosting market by utilizing its underused GPU capacity amid rising rental rates. This move supports Meta's goal of building a vertically integrated AI stack and advancing agentic AI adoption. The expansion is expe...
Anthropic has received final court approval for its $1.5 billion settlement in a class action lawsuit over copyright infringement related to its AI training data. The settlement will pay $3,000 per copyrighted work to authors and publishers for about...
Mark Zuckerberg has become the world's fifth-richest person, surpassing Michael Dell after Dell's shares dropped 3.3% amid a recent selloff. Dell's stock has fallen over 18% since its peak on June 1, reducing his net worth by $2 billion to $221.1 bil...
