School Districts Seek Compensation Over Social Media Addiction; Kentucky Requests $60M for Long-Term Program School districts are pursuing compensation for harms they say stem from social media addiction, with a …
Meta
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Business
Meta begins Singapore layoffs and confirms up to $145 billion AI investment
by Leo Müllerby Leo MüllerMeta layoffs in Singapore mark start of company’s 8,000-job cuts as AI shift accelerates Meta layoffs begin in Singapore as the company moves to cut 8,000 jobs globally, reassign 7,000 …
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Politics
EU announces rules to curb TikTok, Meta and X designs harming children
by Hans Ottoby Hans OttoEU social media rules: Commission moves to curb addictive design and protect children EU plans new social media rules to shield children from addictive design, targeting TikTok, Meta and X …
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Technology
SoftBank’s Global Data Center Plan Sparks Sustainability Doubts Amid Meta and Amazon Expansion
by Helga Moritzby Helga MoritzSoftBank data center expansion faces investor skepticism as AI-driven demand fuels strategy SoftBank data center expansion meets investor skepticism as Meta and Amazon drive global build-out; SoftBank leans on OpenAI …
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Business
Meta announces 8,000 job cuts as AI efficiency fuels record investment plans
by Leo Müllerby Leo MüllerAI layoffs reshape big tech as Meta, Amazon and Microsoft cut office roles amid massive AI spending Major tech companies are enacting AI layoffs even as they pour billions into …
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Technology
Amazon and Meta lobby NPCI to curb PhonePe and Google Pay dominance
by Helga Moritzby Helga MoritzAmazon and Meta to Lobby India’s Payments Regulator Over UPI Dominance Amazon, Meta and rival firms will press India’s payments authority over UPI dominance by PhonePe and Google Pay, seeking …
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Business
Eli Lilly acquires blood cancer therapy firm as China blocks Meta AI
by Leo Müllerby Leo MüllerEli Lilly acquisition of blood-cancer developer leads a day of cross-border corporate shakeups Eli Lilly acquisition bolsters the drugmaker’s hematology pipeline while China blocks a major Meta AI deal and …
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Technology
Meta secures space‑beamed solar power deal with Overview Energy
by Helga Moritzby Helga MoritzMeta Signs Capacity Reservation for Space-Based Solar Power from Overview Energy Meta secures a reservation to receive up to 1 GW of space-based solar power beamed as near-infrared light to …
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Meta layoffs to cut about 8,000 jobs as company prioritizes AI spending Meta layoffs will cut roughly 8,000 jobs as the company reshapes to fund large AI infrastructure spending; about …
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Technology
Meta launches tool capturing employee mouse movements and keystrokes for AI training
by Helga Moritzby Helga MoritzMeta to Collect Employee Mouse Movements and Keystrokes to Train AI Meta will collect employee mouse movements and keystrokes to train AI, the company says, raising privacy concerns as firms …