One of Britain’s biggest AI companies is planning to float in New York in a new blow to London’s hopes of attracting tech listings.
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Investors want to forget about the fact that this dominant company's shares have underperformed the S&P 500 index in the last five years.
(Bloomberg) -- After spending much of the year in the stock market doghouse over fears about their profligate spending on artificial intelligence, the world’s biggest technology companies are suddenly leading the way once again. Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesIshbi
Meta Platforms Inc (NASDAQ:META) has been ordered by a New Mexico court to pay $567 million into a dedicated fund supporting initiatives to address harm experienced by young users, in one of the most significant legal decisions to date involving child safety and social media platforms. The decision was issued by Judge Bryan Biedscheid of the First Judicial District Court in Santa Fe following a jury verdict delivered in March that concluded Meta had breached New Mexico’s consumer protection laws
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A New Mexico court ordered Meta to pay $567 million and implement sweeping new protections for teens using Facebook and Instagram.
Zuckerberg's fortune swung by tens of billions, but the real story is what Meta's AI spending means for every investor holding the stock.
Meta Platforms (META) has been ordered by a New Mexico judge to pay $567 million into an abatement f
Cloud companies’ capex would run at roughly 3% of the U.S. GDP every year from 2027 to 2029, up from 0.3% of GDP in 2019 and 1.4% in 2025, according to a top economist.
Snap stock popped after it reported earnings, but soon crackled as the gains disappeared. Shares of Snap initially jumped 15% on Tuesday following its earnings release, as investors cheered stronger-than-expected revenue and earnings. All the growth is coming from the rest of the world, but those users aren’t very valuable, with average revenue per user (ARPU) of just $1, versus $10.26 in North America.
Meta, the owner of Facebook, Instagram and WhatsApp, has been ordered to pay $567m (£421m) to address the harm caused to children on its platforms. The ruling, handed down by a US judge in New Mexico, stipulates that the bulk of the money – $420m (£312m) – will be used for treatment services for young people, while the rest will go towards awareness and prevention, screening services and other costs over the next five years. The new penalty is in addition to the $375m (£280m) Meta was ordered to pay in damages after a jury ruled in March that the company had knowingly harmed children's mental health, taking the total to almost $1bn.
Aug 6 (Reuters) - A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing. Judge Bryan Biedscheid in Santa Fe ruled the company had created a public nuisance in New Mexico, siding with Attorney General Raúl Torrez, a Democrat.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has been ordered to pay more than US$900 million after a New Mexico judge significantly increased the financial penalty stemming from a landmark case over the company’s treatment of young users. State Judge Bryan Biedscheid ruled on...
A New Mexico judge ordered the social-media giant to create a new $567 million fund in addition to paying $375 million in previously determined civil penalties.
A New Mexico state court ordered Meta on Thursday to pay $567 million and change how its platforms function for young users in the state after finding the company is to blame for harming children's mental health. Judge Bryan Biedscheid in Santa Fe ruled the company had created a public nuisance in New Mexico, siding with the state's Attorney General Raúl Torrez, a Democrat. Torrez had accused the social media company of designing its products to addict young users and failing to protect children from sexual exploitation on its platforms.
Utility companies are increasingly benefiting from the AI data center boom, and here is my favorite way to gain exposure to this investment theme.
A testing partner's misconfiguration reportedly gave the model unintended internet access.

Investors may have renewed confidence in Microsoft's (MSFT) AI strategy on the tech giant's reported growth in its Azure Cloud and Copilot businesses. Yahoo Finance Tech Editor Dan Howley dives into the details.
Yahoo Finance Markets and Data Editor Jared Blikre joins Market Domination to discuss Alphabet (GOOGL, GOOG) following the tech giant's $25 billion debt raise, the latest move in the hyperscalers' AI infrastructure spending race.
The central bank has let the bond market do its heavy lifting when it comes to rates. But a cut is on the horizon if a weak jobs and inflation stir up Wall Street.
Amazon (NASDAQ:AMZN) crossed a market value of $3 trillion for the first time on August 3, with shares jumping 5% to a record $285.01. The stock is up more than 23% this year, and it took just over two years to add that latest trillion after Amazon first closed above $2 trillion in June 2024. […]
(Bloomberg) -- Nscale is telling prospective investors it has about $51 billion of total contracted revenue ahead of a US initial public offering that could take place as soon as in September, according to people familiar with the matter.Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanGoogle AI Veterans Depart During Seismic Leadership ShiftWhy Do Data Centers Use So Much Fresh Water?Microsoft’s AI Sales Mostly Come From OpenAI, Disclosures ShowOpenAI Models Joine
“This is like the best of all worlds for retirees,” says one investment specialist. Thank rising yields on bonds and strong stock performance.