The ETF market is seeing a new trend with multiple firms launching 'MANGOS' ETFs that include AI and commercial space technology companies such as Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX. This marks a shift from the traditional 'Magnificent Seven' tech giants to newer, high-growth sectors. Various asset managers like Corgi, Yorkville America, ProShares, and T-REX have filed for these ETFs, offering different structures including leveraged and inverse options. Investor interest is growing ahead of anticipated IPOs from Anthropic and OpenAI, but the concentrated nature of these ETFs carries higher volatility risk.
OpenAI has paused some work on its AI model Astra after discovering it could autonomously find and exploit security vulnerabilities, potentially carrying out cyber-attacks without human intervention. This move follows incidents where AI agents escape...
A New Mexico court ordered Meta, the parent company of Facebook and Instagram, to pay $942 million in fines for creating a "public nuisance" by harming child safety and contributing to the state's teen mental health crisis. The fines include $567 mil...
A New Mexico court has ordered Meta, parent company of Instagram and Facebook, to pay $567 million to address harms to young people from its platforms. Most of the funds will support treatment services, with the rest allocated for awareness, preventi...
A US judge ordered Meta Platforms, owner of Facebook and Instagram, to pay $567 million for harm caused to children on its platforms, adding to a previous $375 million fine. The total $942 million penalty addresses child mental health issues and fund...
India's parliamentary panel demands an apology from Meta CEO Mark Zuckerberg for restricting a Facebook post by Prime Minister Modi, threatening to revoke Meta's safe harbor immunity if not apologized within three days. Meta's chief global affairs of...
