Archive snapshot · Economy
Fri, Aug 28, 3:16 AM ET
Meta to pay up to $18 billion in settlement with states over social-media addiction claims
Meta will pay up to $18 billion over 10 years and implement child-safety reforms on Instagram and Facebook under a nationwide settlement with 52 state attorneys
Digital · +1 outlets
Nvidia's outlook fuels AI optimism after earnings
Nvidia delivered earnings that reinforced the AI investment theme, though analysts warn rising rates and heavy corporate borrowing could shape market returns.
Bloomberg Technology · +2 outlets
Advent and Stripe consortium abandons PayPal acquisition effort
A consortium including Advent International and Stripe has ended its pursuit of PayPal, abandoning a deal that would have ranked as one of the biggest leveraged
Bloomberg Technology
Court rules Pentagon illegally blacklisted Anthropic, judges supply-chain risk label unconstitutional
A US judge ruled that the Pentagon's blacklisting of AI lab Anthropic earlier this year was unconstitutional, delivering a legal win against the Trump administr
Bloomberg Technology · +1 outlets
SoftBank seeks another $10 billion loan for OpenAI stake funding
SoftBank Group is looking for additional debt financing to help refinance debt used for its investment in OpenAI, signaling continued leveraged exposure to AI f
Bloomberg Technology · +1 outlets
US FTC probes YouTube over account suspension policies
The US Federal Trade Commission is investigating whether Alphabet's YouTube violated consumer protection laws when it suspended user accounts.
Bloomberg Technology · +1 outlets
Pimco warns 'too much, too fast' AI debt is stoking bond yields
The flood of debt financing for AI capital expenditures is causing indigestion in fixed-income markets and fueling yields, according to Pacific Investment Manag
Bloomberg Technology
CXMT's 580% stock rally raises bar for first earnings since IPO
Chinese chipmaker CXMT Corp. faces its first earnings test as a public company after its stock soared 580% on debut, making it China's most valuable listed comp
Bloomberg Technology · +1 outlets
GTA VI extended look streams on YouTube and Netflix, draws influencer traffic
Rockstar published an extended preview of Grand Theft Auto VI on YouTube and Netflix, drawing massive viewership and influencer commentary ahead of the November
The Verge · +2 outlets
Google tells Android app developers to reduce memory use or face Play Store enforcement
Google is policing memory-hungry Android apps by enforcing new memory-usage restrictions on the Play Store in response to the RAM crisis.
The Verge · +1 outlets
Yotta eyes $20 billion GPU buildout and IPO as AI demand soars
Yotta Data Services plans to deploy up to $20 billion in graphics processing units and is preparing for an IPO to meet surging global AI computing demand.
Bloomberg Technology
SK Hynix considers closer ties with Japan's memory industry and Kioxia
SK Hynix CEO said the chipmaker is exploring ways to deepen cooperation with Japanese customers and suppliers in the memory industry.
Bloomberg Technology
Ajaib scores $270 million in Indonesia's largest tech fundraising round since 2022
Stanford graduates' Indonesian stock trading platform Ajaib raised $270 million, a rare bright spot for the region's struggling startup economy.
Bloomberg Technology
Malaysia chip chief raises E&E export forecast to $223 billion on AI demand
Malaysia's semiconductor industry leader raised the nation's electrical and electronics export forecast to over 900 billion ringgit as global AI demand accelera
Bloomberg Technology · +1 outlets
Meta addresses 'pervert glasses' reputation with privacy fix and marketing campaign
Meta is updating its AI smart glasses to close a recording LED loophole and launching a marketing campaign to address privacy concerns.
The Verge · +1 outlets
Lightspeed predicts globally competitive Indian AI model by 2027
Venture capital firm Lightspeed forecasts a homegrown Indian AI model competitive on the world stage will be released by next year.
Bloomberg Technology
Final Fantasy VII Revelation gameplay trailer debuts at gamescom
Square Enix released a new gameplay trailer for the third and final entry in the Final Fantasy VII remake series during gamescom Opening Night Live.
Digital · +1 outlets
Haier sees Europe and India AC demand offset weak China sales
Haier Smart Home reports rising demand for cooling appliances from Europe and India, helping compensate for sluggish sales in its domestic Chinese market.
Bloomberg Technology · +1 outlets

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