
Companies and regulators are struggling to determine who is responsible when things go wrong.
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Companies and regulators are struggling to determine who is responsible when things go wrong.

Meta Platforms Inc. and state attorneys general have discussed a possible mid-trial settlement of a blockbuster case accusing the company of deliberately designing Facebook and Instagram to addict teens, people familiar with the matter said.
Chris Malone’s exit adds to a string of senior departures as OpenAI reshuffles its infrastructure team and prepares for a potential IPO.

Artificial intelligence labs and cybersecurity firms are reconsidering the way they test advanced AI models after models from at least three firms jumped onto the open internet and breached real-world victims.

D.A. Davidson Head of Technology Research Gil Luria talks with Yahoo Finance Senior Reporter Brooke DiPalma about how traders should approach Nvidia (NVDA) ahead of its latest earnings report after enduring its longest losing streak since 2022.

Instagram head Adam Mosseri is expected to take the witness stand on Tuesday in a trial over whether Meta Platforms designed Instagram and Facebook to addict children without proper regard for their safety. Mosseri is a central witness in the lawsuit by 29 U.S. states, in what experts call the biggest legal test yet of social media's effects on young users. Four of the states — California, Colorado, Kentucky and New Jersey — have accused Meta of designing the platforms to hook young users, fueling anxiety, depression and even suicide, while misleading consumers about their safety.

Eight months after implementing a ban on under-16s accessing social media services like TikTok, Australia finds its younger users are returning in droves, according to new data from Qustodio.
Investors are cutting accelerator exposure before the report that could reset the entire AI-chip trade.

Nvidia enters earnings week with its stock priced for perfection, but a single crack in its numbers could send investors scrambling for the exits. The question is whether any weakness even exists, and what happens if the market finds out the hard way.
This week's major tech news
This week's major tech news

The AI spending boom is outrunning Wall Street estimates, Trump considers changing capital-gains taxes, China’s property crisis isn’t over, and more news to start your day.

"Content posted by friends has become a small fraction of the content that users see on Facebook and Instagram -- less than 15% of posts in Facebook's news feed and 5% on Instagram's feed," Meta tells a federal appellate court.
(Updated with response from Meta spokesperson in the seventh paragraph.) Meta Platforms (META), A

Nscale is seeking to raise as much as $3 billion in its US IPO, according to people familiar with the matter, joining a rush of artificial intelligence data center companies tapping public market investors.

Uber Technologies Inc. has been fined €825 million ($963 million) by Dutch authorities for using automated systems to suspend driver accounts, in what is the second-largest penalty under the European Union’s General Data Protection Regulation.
(Updated with response from Google spokesperson in sixth paragraph.) Meta Platforms (META), Alpha

His Duquesne Family Office opened a position in Reddit in the second quarter.
(Updated with response from Snap spokesperson in fifth paragraph.) Meta Platforms (META), Alphabe

The Dutch Data Protection Authority (AP) has decided to fine Uber €825 million ($966 million) under European data protection rules for deactivating driver accounts through automated systems without adequately informing them, according to an August 17 decision reviewed by Reuters. The penalty would be the second-largest ever issued under Europe's General Data Protection Regulation, behind a €1.2 billion fine imposed on Meta by Ireland in 2023 for unlawfully transferring European Facebook users' data to the United States, which Meta is appealing. Uber said it would also appeal.
Meta Platforms (META), Alphabet's (GOOGL) Google and Snap (SNAP) face one fewer teen social media ad

After ripping through the first half of the year, memory stocks are struggling to regain momentum as growing concerns about the state of the artificial intelligence trade overshadow their strong fundamental backdrop.

Broadcom is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic and other companies, Bloomberg News reported on Thursday, citing people familiar with the matter. The financing could include a roughly $30 billion junior debt tranche, and Broadcom would guarantee part of the senior-secured tranche possibly ranging from about $60 billion to $70 billion, the report said. Blackstone and Apollo Global Management are in talks with Broadcom to participate in the financing, following a partnership the three companies struck in June, the report added.
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