A landmark lawsuit held Meta and Google accountable for designing addictive social media platforms that harm children. Plaintiff Kaley was awarded $6m after a jury found the companies liable for malice, oppression, or fraud. Lawyer Mark Lanier utilized AI in his "righteous case" against the tech giants.
Tech giants like Google and Amazon are seeing increased carbon emissions due to AI investments, jeopardizing net-zero goals. Meanwhile, Meta is exploring new revenue streams like cloud computing and prediction markets amid stock decline and legal challenges.
A study by CUHK Business School reveals that AI investment enhances business resilience, particularly for firms with limited budgets, by helping them recover faster from natural disasters. AI's effectiveness is greatest in optimizing supply chains and production inputs during crises.
Perplexity CEO Aravind Srinivas argues that America's unique risk-seeking culture allows new ideas to flourish, making the "American Dream" alive and well. He shared his perspective on "The Joe Rogan Experience."
Nvidia maintains a frugal workplace culture with subsidized meals and few lavish perks, prioritizing work-life balance. Despite this, CEO Jensen Huang advises investors to view the recent tech stock selloff as a major buying opportunity, emphasizing the early stages of the AI boom.
Tencent, Alibaba, Meituan, and Xiaomi are initiating large share buy-back programs to counter low stock prices and investor skepticism. Analysts suggest the sector may be nearing a bottom, with companies using buy-backs and leadership appearances to restore market confidence.
Australian creatives are seeking assurances that the government will not weaken copyright laws in exchange for significant AI data centre investment. A proposal reportedly includes AI companies mining creative content for training models, with a fund for artists as compensation. Critics call it a 'dirty deal'.
Democrat Manny Rutinel's Colorado congressional campaign received at least $2 million from tech executives, including Eric Schmidt and Chris Larsen, highlighting a rift among tech donors over AI regulation. Rutinel supports AI guardrails, while his opponent, Shannon Bird, opposes them.
Australia plans to double fines to $99m for social media platforms violating the under-16 ban, amid concerns over ineffective enforcement and calls for stricter algorithm regulation.
Apple and Microsoft have significantly increased prices for popular products like Macs, iPads, and Xbox consoles, attributing the hikes to soaring memory chip costs fueled by AI demand. Apple's stock fell over 6%.
Palo Alto Networks CEO Nikesh Arora challenges the tech industry's trend of mass layoffs for AI talent, advocating for a gradual, specialized hiring strategy and internal upskilling through methods like hackathons. He argues that most current employees lack AI skills and contrasts his approach with other tech leaders who opt for job cuts.
Shanghai-based Fysics AI has launched Fysiverse, a new physics-based world model that embeds the laws of physics into its code, aiming to overcome limitations of current data-driven AI models.
Chinese internet giants like Kuaishou are increasingly designing proprietary chips to gain control over computing infrastructure amid rising AI workloads and geopolitical tensions. Kuaishou's chip spin-off, TranStreams, recently raised significant funding, highlighting investor confidence in the sector.
Chinese chip suppliers, including Huawei and Cambricon, along with domestic tech giants, are projected to capture nearly 80% of China's AI server market this year, further eroding the position of global rivals like Nvidia due to geopolitical tensions and Beijing's push for self-reliance.
Google's YouTube has settled a lawsuit filed by a 15-year-old in Florida, R.K.C., who alleged the platform's design fostered addiction and mental health issues. This case is part of a larger wave of litigation against social media companies.
Senator David Pocock has urged the Australian government to prevent tech giants from using Australian content to train AI models, as cabinet debates copyright rule changes. Senator Sarah Hanson-Young called for a moratorium on new data centers until regulations are established.
Senator David Pocock urges the Australian government to prevent tech giants from using Australian content to train AI models, as cabinet debates copyright rule changes. Senator Sarah Hanson-Young calls for a moratorium on new datacentres.
US stocks fell Monday, with the S&P 500 and Nasdaq reversing earlier gains. Energy stocks rose while tech giants like Amazon, Microsoft, and Alphabet faced declines due to AI researcher turnover and strategic shifts. Apple was an outlier, outperforming peers with its partnership-focused AI strategy.
A growing backlash against AI is evident, with students booing former Google CEO Eric Schmidt and voters opposing AI's impact on jobs, creativity, and relationships. Cory Doctorow's new book argues that the revulsion stems from Big Tech's profit-driven model, not the technology itself.
Hong Kong is increasingly seen by mainland Chinese tech firms as a "strategic adaptation ground" for global expansion, according to the city's finance chief. These companies are leveraging Hong Kong for international capital, talent, and brand building to become true multinational enterprises.
Tech companies, especially hyperscalers, are increasingly reliant on debt for AI infrastructure buildouts, making them more vulnerable to rising interest rates. Investors are now paying closer attention to the Federal Reserve's actions and inflation data.
Amazon, Google, and Microsoft admit AI startup Anthropic leads in "frontier" AI models, especially for coding. However, executives state they are not concerned, citing specialized foundations and distinct development timelines to close the gap.
The UK plans to ban social media access for under-16s without age verification, requiring ID uploads. Critics argue this will increase data collection by Big Tech, harm privacy, and stifle competition, while proponents seek tighter speech restrictions.
Chinese AI lab DeepSeek reportedly secured $7.4 billion in its maiden fundraise with a unique condition: investors must pledge not to poach its AI talent. The Hangzhou-based company, now valued over $50 billion, faces intense competition for engineers from tech giants like Tencent, ByteDance, and Alibaba.
