The European Commission has found Meta in breach of the Digital Services Act for using addictive design features like infinite scroll, autoplay, and personalized algorithms on Facebook and Instagram. These features encourage compulsive use and harm users' mental and physical health, especially minors and vulnerable adults. The EU demands Meta disable these features by default, improve screen-time controls, and adjust recommendation algorithms. Meta faces fines up to 6% of its global revenue if it fails to comply. Meta can respond before final decisions are made. This follows earlier EU findings and ongoing scrutiny in the US over Meta's handling of young users' safety.
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...
