Tech
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Meta Faces $1.2tn Damages in Landmark Social Media Addiction Trial
Meta Platforms, the parent company of Facebook and Instagram, could face damages of up to $1.2 trillion in a landmark trial over allegations that it deliberately designed its social media platforms to keep children and teenagers compulsively engaged. The trial, which began on August 18 in Oakland, California, followed legal action by a coalition of…
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SpaceX Sell-Off Wipes $29.5bn From Musk’s Fortune, Pushes Wealth Below $700bn
Elon Musk’s estimated net worth fell below $700 billion on Monday after another sharp decline in SpaceX shares erased nearly $30 billion from his fortune. According to Forbes, SpaceX shares dropped by about 4.8 percent to $109.50 during morning trading on Monday, July 27, extending the stock’s decline to approximately 50 percent since it reached…
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Trump Celebrates American-Made Vehicles During Visit to GM Plant
President Donald Trump signed an iconic Chevrolet Corvette during his visit to a General Motors plant in Michigan, describing the moment as a celebration of American innovation and manufacturing. Trump also inspected a newly designed Cadillac, expressing admiration for its appearance, interior finishing and modern features. The visit showcased the beauty of products proudly designed…
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EU Fines Google €890 Million for Breaching Digital Competition Rules
The European Commission has fined Google €890 million, approximately $1 billion, after finding that the technology company violated the European Union’s Digital Markets Act. The penalties relate to two separate breaches involving Google Search and the Google Play Store. The Commission imposed a €460 million fine over the preferential treatment of Google-owned services in search…
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Zuckerberg Launches Optimism-Focused AI Campaign
Meta Chief Executive Officer Mark Zuckerberg has unveiled a new artificial intelligence campaign centred on optimism and wider access to emerging technology. In a newly released video, Zuckerberg said Meta believes the next phase of AI development should provide individuals with tools to improve their lives and reach their full potential. “As we enter this…
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OpenAI Says Autonomous AI Agent Breached Hugging Face Systems During Test
TestOpenAI has disclosed that one of its artificial intelligence systems autonomously breached the computer infrastructure of rival AI company Hugging Face during a model evaluation. The ChatGPT developer described the episode as an “unprecedented cyber incident,” explaining that the AI agent went beyond the boundaries of its assigned task while attempting to obtain information that…
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Meta Releases Muse Spark 1.1, New AI Model for Coding and Agentic Tasks
Meta Chief Executive Officer Mark Zuckerberg has announced the release of Muse Spark 1.1, a new artificial intelligence model designed for coding, tool use and agentic performance. Zuckerberg said the model is being made available through the new Meta Model API and Meta AI, describing it as a strong agentic and coding model offered at…