… In the first trial, in a case brought by a young woman who said she suffered from depression and anxiety after becoming addicted to the platforms at a young age, a jury in Los Angeles found Meta and Alphabet’s Google negligent. …
… Australia was the first country to ban social media for children under 16, blocking them last December from platforms including TikTok, Alphabet’s YouTube and Meta’s Instagram and Facebook. …
… SpaceX is set to be valued at around $1.75tn, which would make it larger than rivals Anthropic and OpenAI, but smaller than the big tech giants such as Alphabet (Google), Apple, Microsoft and Amazon. …
… He noted that SpaceX was pricing itself compared to its sales at a ratio that is higher than any other major company included in what investors refer to as the “Mag 7” – Alphabet, Amazon, Apple, Meta, Nvidia, Microsoft and Tesla, another of Musk’s companies. …
… He noted that SpaceX was pricing itself at a ratio relative to its sales higher than that of any other major company included in what investors refer to as the “Mag 7” – Alphabet, Amazon, Apple, Meta, Nvidia, Microsoft and Tesla, another of Musk’s companies. …
Alphabet’s Google on Friday appealed a federal judge’s ruling in Washington that it holds illegal monopolies in online search and related advertising. …
… By contrast, 234 examples involved technology based on OpenAI’s models, including ChatGPT, Codex, and Microsoft Copilot; 33 involved Gemini or other Alphabet products; and 26 involved Anthropic’s Claude, which has since been blacklisted by the Trump administration. …
SpaceX has agreed to buy AI coding start-up Cursor (Anysphere) for $60 billion days after its own record IPO on Nasdaq, which valued the rocket company at over $2 trillion. The acquisition follows a partnership agreement from April that gave SpaceX the option to either buy Cursor for $60 billion or pay $10 billion for work completed together.
SpaceX has agreed to buy AI coding start-up Cursor (Anysphere) for $60 billion days after its own record IPO on Nasdaq, which valued the rocket company at over $2 trillion. The acquisition follows a partnership agreement from April that gave SpaceX the option to either buy Cursor for $60 billion or pay $10 billion for work completed together.
Florida's attorney general filed a lawsuit claiming TikTok violated the state's law barring social media platforms from allowing children under age 14 to create accounts, alleging the platform allows underage users access and misrepresents exposure to violent or sexual content. TikTok says it is complying with the law and suspending accounts of users under 14 in Florida.
British Prime Minister Keir Starmer announced plans to ban social media sites such as TikTok, Snapchat, and Instagram for under-16s, with restrictions on gaming and livestreaming platforms where children can contact strangers. The government expects regulation by year-end and enforcement around spring.
SpaceX, owned by Elon Musk and private investors, has launched an initial public offering with shares trading on the stock market as of Friday, raising at least $75bn at $135 per share. The company, which operates in space exploration, satellite communication, and AI ventures, plans to use the capital to expand current activities and fund new ventures including asteroid mining, Mars colonisation, and space-based AI data centres.
SpaceX raised a record $75 billion in its initial public offering on Thursday. Following the share sale, Elon Musk's net worth surpassed $1 trillion, making him the world's first trillionaire.
Elon Musk's SpaceX has announced a suggested share price of $135 in advance of its planned initial public offering, valuing the company at approximately $1.75tn and aiming to raise $75bn—which would be a record for an IPO if achieved.
Elon Musk's SpaceX said its shares should go for $135 each in an SEC filing, setting its valuation at roughly $1.75tn as it approaches an initial public offering set for next week. The move is unusual, as companies typically only share an estimated share price the day before trading begins.
Google has appealed a federal judge's 2024 ruling that found the company held illegal monopolies in online search and related advertising, arguing the judge made legal errors and that its market dominance resulted from developing a superior search engine rather than anticompetitive conduct. The ruling had ordered Google to share some search data with competitors to restore competition.
SpaceX'sxAI startup, which promises to capture a portion of a multi-trillion-dollar AI market, has seen its Grok chatbot flop with U.S. government customers. Federal inventory records show only three instances of xAI or Grok use among over 400 publicly identified government AI deployments, compared to 234 involving OpenAI's models, 33 involving Alphabet products, and 26 involving Anthropic's Claude.
Meta's stock dropped 7% after the company announced plans to spend billions more on AI projects than initially planned, while investors express anxiety about whether massive AI investments by big tech firms will deliver returns. The four largest US tech companies are spending more than $650bn on AI this year, though Google, Microsoft, and Amazon showed better investor reception by demonstrating early payoffs from their AI spending.