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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.
His Duquesne Family Office opened a position in Reddit in the second quarter.
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.
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.
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."
Anthropic CEO Dario Amodei could receive super-voting shares ahead of the AI company’s potential IPO, giving him and other co-founders greater control even as their ownership stakes remain relatively small. Anthropic Reportedly Eyes Super-Voting Shares Ahead of IPO Anthropic is...
Shares of Meta Platforms Inc. have been under pressure all year due to questions about its spending on artificial intelligence. But a trial accusing its social media platforms of targeting children goes beyond that, raising existential questions about the future of its core business.
Massachusetts lawmakers are seeking to establish the nation’s most stringent state-level safeguards for artificial intelligence, a proposal that’s divided an industry the governor’s office is concurrently seeking to woo.
Meta Platforms Inc. has become one of Microsoft Corp.’s biggest AI customers, underscoring how demand for the emerging technology remains concentrated in the tech industry.
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 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.
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.
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.
Plus: Disney sues FCC over license review, and Europe’s rivers are drying up, threatening its economy.
Companies are now fighting to push through their projects in the face of growing opposition.
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.
The case, brought by four state attorneys general, alleges that Meta violated state consumer protection laws and federal rules that protect children online.
ByteDance Ltd., the developer of TikTok, has attracted more than $30 billion of orders for its jumbo syndicated loan, people familiar with the matter said, indicating strong interest from lenders as the Chinese technology giant ramps up investments in artificial intelligence.
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.
A major federal child-safety trial is underway.
Meta Platforms (NASDAQ:META) is heading to trial in California federal court on Tuesday as a coalition of 29 U. S.
By Diana Novak Jones Aug 18 (Reuters) - A coalition of states suing Meta Platforms over claims Facebook and Instagram were designed in ways that harmed young users' mental health will begin making its
Meta Platforms Inc. is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users.
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.
Tech stock coverage for the week of Aug. 17.
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