Tag: company
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Why is Selena Gomez being sued by investors in her mental health company?
BBC journalist Ana Guerra-Moore looks at why investors who backed Wondermind Global are claiming the pop star failed to fulfil promises.
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AI firm Databricks valued at $190 billion as it bags $5 billion in funding
Aug 13 : Databricks said on Thursday it had raised $5 billion at a $190 billion valuation, as the data and artificial intelligence software company looks to expand investments in products that help businesses build and manage AI applications.The funding comes six months after Databricks was valued at about $1
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Cerebras shares plummet 16% after results fail to impress investors
Aug 12 : AI chip designer Cerebras Systems slumped 16 per cent in extended trading on Wednesday after missing quarterly revenue estimates, suggesting that Wall Street was ready to punish richly valued AI stocks if they slipped up on any key metric.Shares of the company have gained more than 41 per cent from i
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Meta, 29 states head to court in biggest test yet of youth social media litigation
Aug 12 : Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims it engineered Facebook and Instagram to be addictive to children, a case that could expose the company to massive damages and force it to make sweeping changes to its platfo
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The rise of fashion slop: How algorithms are now shaping what we wear
Fast fashion and mall brands used to look to the runways for inspiration. Now, much of their output has been run through an algorithm.
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Cloudflare shares jump after forecast raise on higher AI-driven spending
Aug 7 : Cloudflare shares rose 16 per cent before the bell on Friday after the cloud services firm raised its annual forecasts, betting that growing enterprise spending on AI infrastructure would drive demand for its networking and security products.The results, reported after markets closed on Thursday, add
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Explainer-Who is liable when AI goes rogue? Lawyers see new risks
Aug 7 : Major artificial intelligence developers have reported cases of their autonomous AI models breaching other companies’ cyber infrastructure, raising questions about who may be held legally responsible when AI systems act without direct human oversight.Here’s a look at some of the legal questions surrou
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US: Meta ordered to pay $567 million over harm to children
A New Mexico judge ruled Meta created a “public nuisance” that harmed children’s mental health, ordering the company to pay over half a billion dollars in damages and overhaul safety features on Facebook and Instagram.
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SpaceX rebounds from post-earnings slide as investors eye lockup expiry
Aug 6 : SpaceX shares recovered from a steep post-earnings selloff, even as investors remained watchful of the impact of potential insider selling on the stock, which has had a turbulent run since its market debut.Shares of the Elon Musk-led company were last trading 6.4 per cent higher at $115.20 on Thursday
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Meta AI model hacks another company during testing
Aug 5 : Meta said on Wednesday that one of its AI models hacked another company during cybersecurity testing, after an error by its testing partner gave the model unintended internet access.The incident adds to a growing list of cases in which AI agents from major developers breached systems at other companie
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