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Tech Weekly: Anthropic's record settlement, defense firms dominate air show
Reuters Videos32d agoneutralVIDEO
Tech Weekly: Anthropic's record settlement, defense firms dominate air show

<body><p>STORY: From Anthropic's class action settlement to the world AI conference in Shanghai... This is Tech Weekly.</p><p>:: Tech Weekly</p><p>A federal judge has approved Anthropic's $1.5 billion class action settlement...</p><p>the largest known in a U.S. copyright case.</p><p>A group of writers sued Anthropic in 2024, arguing that the company used pirated versions of their books without permission to train its Claude AI model.</p><p>The lawsuit is one of dozens brought by copyright owners against tech companies over the training of large language models.</p><p>Tennessee state has claimed Instagram's design is to blame for a youth mental-health crisis.</p><p>Meta Platforms went to court on Monday – one of several trials in the coming weeks...</p><p>on allegations that the company's social media platforms were intentionally built to be addictive.</p><p>The lawsuit claims Meta failed to disclose extensive internal research..</p><p>showing Instagram could harm teens.</p><p>A Meta spokesperson previously said in a statement that the company already has built-in controls to protect teens.</p><p>Ongoing conflicts shaped discussions at the Farnborough Airshow, one of the world's largest aerospace and defense&nbsp;gatherings.</p><p>The show brings together hundreds of companies across commercial aviation, propulsion and military technology...</p><p>from unmanned fighter jets and hypersonic missiles to spy satellites and AI-enabled weapons systems.</p><p>Defense companies made up half of a record 1,600 exhibitors at this year's show.</p><p>Apple overtook Nvidia to become the world's most valuable company...</p><p>reshuffling the top ranks of tech giants as investors reassess the outlook for AI.</p><p>The shift in the pecking order illustrates how investors are looking beyond the most obvious beneficiaries of the AI boom, such as Nvidia.</p><p>The 2026 World Artificial Intelligence Conference kicked off in Shanghai...</p><p>showcasing the shifting AI landscape with Chinese open-weight AI models making rapid gains against systems from U.S. companies such as OpenAI and Anthropic.</p><p>Huawei's Atlas 950 SuperPoD large-scale AI computing system made its public debut...</p><p>demonstrating China's efforts to produce tech without U.S. giant Nvidia's most advanced chips.&nbsp;</p><p>Li Tianyi was an exhibitor at the show.</p><p>"We work in AI applications, which are more on the software side. As far as foundation models are concerned, I think we're still slightly behind. But it's not a gap that can't be closed. At least after visiting the exhibition today, I feel confident that we can catch up with the U.S. in terms of foundation model capabilities within a relatively short period. Perhaps three to five years."</p><p>An entire hall of humanoid companies also showcased robots dancing, weight lifting and looking eerily human like.&nbsp;</p></body>

Mobileye to supply Stellantis with cloud-based driver assistance technology
Reuters32d agoneutral
Mobileye to supply Stellantis with cloud-based driver assistance technology

Mobileye Global will supply Stellantis with cloud-driven advanced driver-assistance technology, the Israeli company said ‌on Tuesday, as automakers race to meet rising demand ‌for connected safety systems. The companies said select models from Stellantis, the parent of Jeep and Chrysler, will integrate Mobileye's Road Experience Management technology from 2027, using crowdsourced road data to improve ‌lane keeping and hands-free ⁠driving. ADAS has become one of the auto industry's fastest-growing technologies as carmakers race to offer ⁠increasingly sophisticated safety and convenience features and generate higher-margin software revenue.

Investing.com32d agoneutral
Boeing pushes U.S. to look into EU loan to Airbus

Investing.com -- Boeing has requested the U.S. government to push the European Union for details about a €3 billion ($3.43 billion) loan package to Airbus, according to a Reuters report Tuesday. The move brings back potential trade tensions after the two sides extended a tariff truce over jet subsidies.

Bloomberg32d agoneutral
China at Risk of 20% Youth Joblessness as Labor Distress Spreads

(Bloomberg) -- China’s unemployment among young people could be headed for levels last seen more than three years ago, as a record number of graduates prepare to enter the labor market at a time when AI is threatening to displace more entry-level jobs.Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaChina AI Sensation Moonshot’s Gamble on Big Models Pays OffMoonshot’s Kimi K3 May Be More About Memory Than ComputeUS Strikes Iran in Escalating Campaign After Troop

BlackRock-backed group commits $5 billion for Aligned Data Centers
Reuters32d agoneutral
BlackRock-backed group commits $5 billion for Aligned Data Centers

A ‌group backed ‌by BlackRock ​and Abu Dhabi-based fund MGX ‌on ⁠Tuesday committed an ⁠additional $5 billion ​in ​growth ​capital to ‌Aligned Data Centers, after acquiring one ‌of ​the ​world's ​biggest ‌data center operators. (Reporting ​by ​Jaspreet Singh ​in ‌Bengaluru; Editing ​by Tasim ​ZAhid)

Monster Beverage Earnings Preview: What to Expect
Barchart32d agoneutral
Monster Beverage Earnings Preview: What to Expect

Monster Beverage is set to report its fiscal second-quarter results shortly, with analysts forecasting a double-digit rise in earnings, underscoring expectations of continued profit momentum.

AAPL Stock Hits Historic 11x Sales Valuation Ahead of Tim Cook's Final Earnings Call as Apple CEO
Benzinga32d agoneutral
AAPL Stock Hits Historic 11x Sales Valuation Ahead of Tim Cook's Final Earnings Call as Apple CEO

Apple Inc.‘s (NASDAQ:AAPL) valuation has officially shattered records, trading at an unprecedented 11 times its sales revenue just as CEO Tim Cook prepares to oversee his final earnings report. The technology behemoth touched an intraday all-time high of $334.99 on Friday, July 17, reflecting surging investor optimism in artificial intelligence and pushing the company to its “highest valuation level in company history.” Artificial Intelligence Drives Sentiment Shift Apple’s recent stock surge on

US futures rise as Middle East tensions and AI earnings dominate investor focus: Dow Jones, S&P, Nasdaq, Wall Street
InvestorsHub32d agoneutral
US futures rise as Middle East tensions and AI earnings dominate investor focus: Dow Jones, S&P, Nasdaq, Wall Street

Markets look ahead to a pivotal week for technology companiesUS equity futures traded higher on Tuesday as investors prepared for a busy earnings calendar led by major technology companies, while continuing to monitor escalating tensions in the Middle East and questions surrounding the sustainability of artificial intelligence investment. By 02:49 ET (06:49 GMT), Dow Jones futures had gained 170 points, or 0.

Tesla cash burn to test investor faith in AI bets
Reuters32d agoneutral
Tesla cash burn to test investor faith in AI bets

Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets ‌will pay off. CEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses ‌such as self-driving taxis and humanoid robots. However, investors are growing increasingly uneasy as spending on AI infrastructure, including data centers, and ​manufacturing capacity is projected to climb to $25 billion this year, outstripping quarterly cash generated by Tesla's core automotive and energy operations.

Kraft Heinz Strikes Deal With Disney to Supply Resorts and Tap Characters
The Wall Street Journal32d agoneutral
Kraft Heinz Strikes Deal With Disney to Supply Resorts and Tap Characters

Mickey Mouse, meet Kraft Mac & Cheese. Kraft Heinz and Disney struck a deal that gives the food conglomerate a foothold in one of America’s most enduring entertainment empires. Under the multiyear partnership, Disney will serve Kraft Heinz products at its properties throughout North America, and Kraft Heinz will be able to use Disney’s characters on some goods in stores.

Costco expands pharmacy, prescription services for members
TheStreet32d agoneutral
Costco expands pharmacy, prescription services for members

I've been a Costco member for about 20 years. And when I first signed up, my warehouse trips were pretty predictable. I'd stock up on bulk groceries, grab a few household essentials, and somehow leave with far more snacks than I ever intended to buy. Over time, though, Costco became much more ...