News
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Meta’s $567 Million New Mexico Order Reveals the Legal Playbook for 41 More State Lawsuits
At a Glance: A New Mexico court ordered Meta to pay $567 million into a state fund addressing teen mental…
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SpaceX’s First Public Earnings Beat Clouded by $18 Billion AI Capex Surge
At a Glance: SpaceX reported fiscal second-quarter revenue of $7.8 billion, a 92% year-over-year surge that beat Wall Street consensus…
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Anthropic Signs $10 Billion Computing Deal With Nvidia-Backed Startup Volta Infra
At a Glance: Anthropic has reportedly signed a six-year, $10 billion computing agreement with cloud infrastructure startup Volta Infra Holdings.…
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ArcelorMittal Hedges Its Cloud Bets, Deepening Ties With Microsoft Weeks After Signing With AWS
At a Glance: ArcelorMittal announced Monday it is expanding its partnership with Microsoft, making Azure the steelmaker’s primary cloud computing…
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Tim Cook’s Supply-Chain Legacy Faces Its Toughest Test on His Final Earnings Call
At a Glance: Apple shares plunged nearly 10% Friday after the company issued a weaker-than-expected fourth-quarter revenue forecast, its worst…
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Microsoft’s Record $450 Billion Rally Wasn’t All From the Cloud: Two-Thirds Came From One Investment Gain
At a Glance: Microsoft shares surged more than 15% Thursday, adding nearly $450 billion in market value, the largest single-day…
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Meta’s Legal Bills Just Became a Real Earnings Problem, Not Just a Future Risk
At a Glance: Meta’s second-quarter profit fell 14% to $15.85 billion, even as revenue grew 28% to $60.8 billion and…
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Zuckerberg Accuses OpenAI and Anthropic of “Regulatory Capture” as Meta Breaks Ranks on China AI Policy
At a Glance: Mark Zuckerberg told the New York Times that leading AI labs pushing for tightly controlled development risk…
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Tennessee Opens Trial Accusing Meta of Burying Its Own Research on Teen Harm
At a Glance: Tennessee attorneys told a Nashville jury Monday that Meta ignored its own internal research showing Instagram fueled…
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Nvidia’s $250 Billion OpenAI Guarantee Revives Wall Street’s Circular Financing Fears
At a Glance: Nvidia is in talks to provide roughly $250 billion in financing guarantees to help OpenAI lease a…
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