Tag: billion
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Meta agrees to pay $18 billion to settle US lawsuits over children’s social media addiction
OAKLAND, California, Aug 26 : Meta Platforms will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram, under an agreement with nearly all U.S. states to resolve claims it designed those social media platforms to addict children.The settlements announced on We
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Anthropic to rent AI computing power from Nscale for $45 billion, source says
Aug 26 : Anthropic will spend $45 billion to rent AI cloud computing power from Nscale’s West Virginia data center campus, a person familiar with the matter said on Wednesday, as the AI startup gears up for a major IPO.Anthropic has been aggressively expanding its computing power to meet demand growth it expe
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Meta agrees to pay $18 billion to settle lawsuits over children’s social media addiction
OAKLAND, Calif., Aug 26 : Meta Platforms will pay up to $18 billion and strictly limit how teenagers use Facebook and Instagram under a sweeping agreement with nearly all U.S. states to resolve claims it designed those social media platforms to addict children.The settlements announced on Wednesday end a fe
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Gamescom highlights gaming boom amid AI concerns
Gamescom 2026 opens in Cologne as the global gaming industry continues to grow. But rising hardware costs, AI concerns and slowing user growth all pose challenges.
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Meta reaches $18 billion of settlements over children’s social media addiction
Aug 26 : Meta Platforms agreed to make major changes to Facebook and Instagram and pay up to $18 billion to resolve claims by most U.S. states that it designed those platforms to addict children and misled consumers about their safety.The settlements announced on Wednesday end a federal trial that had been on
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Zoom forecasts quarterly profit below estimates
Aug 25 : Zoom Communications forecast third-quarter profit below Wall Street expectations on Tuesday, signaling stiff competition was squeezing the video-conferencing company even as it ramps up AI features on its services. Shares of the San Jose, California-based company fell 3.8 per cent in extended trading
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Intuit’s annual forecast falls short of estimates as it prioritizes customer growth
Aug 25 : Intuit forecast annual revenue below Wall Street expectations on Tuesday, as the TurboTax maker said its push for customer growth and market-share gains would weigh on near-term sales.Shares of the California-based company, which have fallen more than 44 per cent so far this year, were down 13 per ce
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Nvidia faces growth test as Rubin debut meets AI financing scrutiny
Aug 25 : Nvidia’s results on Wednesday will test whether the company’s latest Rubin chips can drive another period of explosive growth, with some investors questioning the sustainability of the AI spending boom.The chipmaker has been the biggest beneficiary of the race to build AI infrastructure. Recently, th
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Shein’s stock market listing will not mask sustainability challenges
LONDON, Aug 25 : Shein is finally going public, but in a far more hostile world than when the Chinese online retail giant’s IPO journey began five years ago.The company has worked hard to address environmental, social and governance (ESG) concerns that have triggered regulatory investigations and fines in sev
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Shares, oil dip as US sanctions on Iran loom
LONDON/SYDNEY, Aug 24 : Global stocks slipped on Monday and oil prices eased as investors awaited details of threatened U.S. sanctions on Iran, while the Canadian dollar dipped as a trade war loomed with its southern neighbour.U.S. Treasury Secretary Scott Bessent is due to hold a press conference later on M
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