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Meta Is Now One of Microsoft's Largest AI Customers
Bloomberg35d agoneutralVIDEO
Meta Is Now One of Microsoft's Largest AI Customers

Meta has quietly become one of Microsoft's largest AI customers, spending hundreds of millions of dollars a year to access the Azure cloud service - and reviving concerns around circular business dealings in the AI space. Bloomberg's Brody Ford joins Ed Ludlow on "Bloomberg Tech."

Australia passes law to levy tech giants that fail to pay for local news
Reuters35d agoneutral
Australia passes law to levy tech giants that fail to pay for local news

Australia passed legislation on Thursday that will force tech giants to pay millions of dollars in ‌levies if they fail to strike commercial deals with local ‌media outlets for news on their platforms. Proceeds from the scheme would be directed to local Australian news outlets, whose content helps drive user engagement and advertising revenue on the tech firms' platforms. The levy applies to Meta, Alphabet's Google, ‌TikTok and Microsoft's LinkedIn, ⁠covering companies with a "significant" social media or search service in Australia, and local advertising revenue exceeding A$250 million ($178 million).

Corrections &Amplifications
The Wall Street Journal36d agoneutral
Corrections &Amplifications

CORRECTIONS A judge ordered Meta Platforms to create a $567 million abatement fund as part of remedies stemming from a New Mexico trial. A U.S. News article on Wednesday about a different child-safety trial in California incorrectly said $567 billion.

Ex-Meta Staffer Testifies Daughter, 14, Was Prey on Instagram
Bloomberg36d agoneutral
Ex-Meta Staffer Testifies Daughter, 14, Was Prey on Instagram

Arturo Béjar spent six years working on child safety tools at Meta Platforms Inc., but told a jury he did not fully understand the threats posed to young users on the platform until his 14-year-old daughter signed up for an Instagram account.

Meta’s Trial Puts Big Tech’s Duty of Care Under the Microscope
The Wall Street Journal36d agoneutral
Meta’s Trial Puts Big Tech’s Duty of Care Under the Microscope

A federal trial against Meta Platforms is putting the company’s approach to child safety and data practices under scrutiny, as plaintiffs argue that its platforms were designed in ways that harmed young users. The case is one of the most significant tests yet of how courts and regulators evaluate responsibility for the design of large consumer platforms. For cybersecurity and privacy leaders, the case highlights how data governance risks are evolving.

Meta Exploits Youths on Social Media, States Allege at Trial
Bloomberg37d agoneutral
Meta Exploits Youths on Social Media, States Allege at Trial

Meta Platforms Inc. has deceived the public for years by targeting children on Facebook and Instagram with technology designed to turn them into compulsive users and drive up advertising revenue, a lawyer at the California attorney general’s office told a jury.

Alibaba drops a laptop AI model days before Meta's move
TheStreet37d agobearish
Alibaba drops a laptop AI model days before Meta's move

Open-source artificial intelligence is no longer the discount alternative to Silicon Valley's frontier labs. It is setting the pace on the newest battleground: the laptop sitting in front of the user. The pitch behind that lead was simple. Download the weights, run the model on your own hardware, ...

What to Know as Meta Goes to Trial
The Wall Street Journal37d agoneutral
What to Know as Meta Goes to Trial

Up to $1.4 trillion That's how much four states are seeking in damages from Meta in a trial starting today, accusing the owner of Facebook and Instagram of contributing to a crisis in youth mental health.

Meta’s Lawyers Say A Loss Could Cost $1.4 Trillion. Trial That Could Determine The Future Of Zuckerberg’s AI Ambitions Is Underway.
24/7 Wall St.38d agoneutral
Meta’s Lawyers Say A Loss Could Cost $1.4 Trillion. Trial That Could Determine The Future Of Zuckerberg’s AI Ambitions Is Underway.

Opening arguments in a landmark youth-safety trial against Meta Platforms (NASDAQ:META) begin Tuesday, August 18, 2026, in federal court in Oakland before Judge Yvonne Gonzalez Rogers, capping a consolidated action brought by 29 state attorneys general originally filed in 2023. Meta said the states are seeking as much as $1.4 trillion in penalties, a demand ... Meta’s Lawyers Say A Loss Could Cost $1.4 Trillion. Trial That Could Determine The Future Of Zuckerberg’s AI Ambitions Is Underway.