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Meta Removes 756,000 Australian Teen Accounts as Regulatory Scrutiny Intensifies
InvestorsHub9d agoneutral
Meta Removes 756,000 Australian Teen Accounts as Regulatory Scrutiny Intensifies

Meta (NASDAQ:META) said on Thursday that it has removed more than 750,000 Facebook and Instagram accounts suspected of belonging to Australians under the age of 16, as the technology group steps up enforcement of the country’s landmark social media age restrictions amid the prospect of regulatory action. Meta accelerates removal of under-16 accountsThe Facebook and Instagram owner said it deactivated 462,000 suspected underage Instagram accounts and another 294,000 Facebook accounts between shor

META
Exclusive-Microsoft retreats in China, but AI boom helps it keep a window open
Reuters9d agoneutral
Exclusive-Microsoft retreats in China, but AI boom helps it keep a window open

Microsoft once regarded the idea of quitting China as unthinkable. In the past five years, however, at least 15 Microsoft branch offices and joint ventures in China have been shut, corporate filings show, and Microsoft is pursuing what five company sources described as ‌a strategy of retreat. The firm considered quitting the market in 2023 because some executives felt it took on too much geopolitical risk for too little economic return, one of them said, while stressing Microsoft has no current plans to exit.

GOOGGOOGLMSFT
Robinhood Co-founder's plans to take over space
Yahoo Finance Video9d agoneutralVIDEO
Robinhood Co-founder's plans to take over space

Robinhood co-founder Baiju Bhatt explains to Yahoo Finance Executive Editor Brian Sozzi his $275 million plan for Cowboy Space Corporation to build its own rockets and launch AI-powering data centers into space by 2028.

HOODSPCX
2 Services Stocks to Research Further and 1 We Question
StockStory9d agoneutral
2 Services Stocks to Research Further and 1 We Question

Business services providers play a critical role for enterprises, assisting them with everything from new hardware integrations to consulting and marketing. These firms have helped their customers unlock huge efficiencies, so it’s no surprise the industry has posted a 20.5% gain over the past six months, beating the S&P 500 by 8.8 percentage points.

^GSPC
Do Investors Deserve to Know the Details of a CEO’s Medical Leave?
The Wall Street Journal9d agoneutral
Do Investors Deserve to Know the Details of a CEO’s Medical Leave?

“The company expects Decker to return within the next few months,” it said in a statement that also explained that two executives—Ann-Marie Campbell, senior executive vice president, and Richard McPhail, CFO—will share leadership duties on an interim basis.

HD
AI Weekly: Nvidia does deal with Wall Street, China's AI weather forecasts
Reuters Videos9d agoneutralVIDEO
AI Weekly: Nvidia does deal with Wall Street, China's AI weather forecasts

<body><p>STORY: From Nvidia's deal with Wall Street giants... to China's AI weather forecasting</p><p>This is AI Weekly.</p><p>:: AI Weekly</p><p>Nvidia has partnered with six major financial institutions to launch compute financing platforms.</p><p>They are aimed at raising over $500 billion in third-party capital for AI infrastructure.</p><p>Nvidia CEO Jensen Huang said on X the company has the option to backstop up to $125 billion, or 25% of the potential deals.</p><p>The move highlights how surging demand for AI computing capacity is drawing institutional investors.</p><p>South Korea will launch a $3.5 billion semiconductor fund targeting promising chip materials, parts, equipment and fabless companies.</p><p>Seoul says it seeks to accelerate plans for new chip manufacturing hubs across the country.</p><p>Under the plan, Samsung Electronics, SK Hynix, suppliers and local governments are expected to invest more than $576 billion in new chip manufacturing projects.</p><p>A French press association has asked the country's competition watchdog to take action against Google's AI-generated article summaries.</p><p>The trade group says they deprive newspapers and magazines of readers.</p><p>The group has called on the regulator to make a decision similar to one ordered against&nbsp;Meta.</p><p>To put forward a payment plan and resume talks with traditional media seeking fees for the use of their content by AI tools.</p><p>China is emerging as a leading player in the race to improve weather prediction through AI.</p><p>Meteorologists used a new generation of AI weather models alongside traditional forecasting systems as they tracked Typhoon Dolphin's path.</p><p>Researchers say they can generate forecasts much faster than conventional systems while matching or surpassing them on some measures of accuracy.</p></body>

NVDASSNLF
SpaceX New Grok AI Release Ramps Up Pressure on Anthropic and OpenAI
Barrons.com9d agoneutral
SpaceX New Grok AI Release Ramps Up Pressure on Anthropic and OpenAI

SpaceX stock was rising in Thursday’s premarket after surging almost 10% the previous session after CEO Elon Musk told employees “We must win in AI because the future is overwhelmingly AI and robots.” On that theme, the company launched Grok 4.6, the latest version of its artificial intelligence assistant to rival OpenAI’s ChatGPT and Athropic’s Claude. In a post on his X social-media platform Musk described the latest iteration as “Smart, fast & amazing bang for buck.”

SPCX
2 Services Stocks Worth Investigating and 1 We Question
StockStory9d agoneutral
2 Services Stocks Worth Investigating and 1 We Question

Business services providers use their specialized expertise to help enterprises streamline operations and cut costs. These firms have helped their customers unlock huge efficiencies, so it’s no surprise the industry has posted a 20.5% gain over the past six months, beating the S&P 500 by 8.8 percentage points.

^GSPC
Why Gilead Sciences (GILD) Is Back In The Spotlight
Simply Wall St.9d agoneutral
Why Gilead Sciences (GILD) Is Back In The Spotlight

Gilead Sciences (GILD) is back in focus after announcing a collaboration with Nucleai that applies AI powered tissue analytics to its antibody drug conjugate programs, with the goal of speeding biomarker discovery across its oncology pipeline. See our latest analysis for Gilead Sciences. At a share price of $135.87, Gilead Sciences has posted an 11.74% year to date share price return and a 16.04% total shareholder return over the past year. Longer term total shareholder returns are above 90%...

GILD
Why Is Coinbase Global (COIN) Juggling New York Legal Risk And Abu Dhabi Growth?
Simply Wall St.9d agoneutral
Why Is Coinbase Global (COIN) Juggling New York Legal Risk And Abu Dhabi Growth?

Coinbase Global (NasdaqGS: COIN) faces heightened regulatory scrutiny as the New York City Council opens an investigation and the New York Attorney General pursues lawsuits into the company's activities in a key US market. At the same time, Coinbase Global is expanding into tokenized securities through a new regulated hub in Abu Dhabi that aims to support digital securities activity and strengthen its presence in the UAE. These developments combine a rising legal and compliance burden in the...

COIN
Is Target (TGT) Fully Valued As New Food Launches Put Its Stock Back In Focus?
Simply Wall St.9d agoneutral
Is Target (TGT) Fully Valued As New Food Launches Put Its Stock Back In Focus?

Target (TGT) is back in focus for investors after fresh product news in its food aisles. The retailer just introduced its first Good & Gather cookbook and new branded frosting offerings in stores. See our latest analysis for Target. For context, Target's recent food and AI announcements come on top of strong price momentum, with a 30 day share price return of 14.27% and a year to date share price return of 53.22%, while the 5 year total shareholder return is still down 27.31%. If Target's...

TGT
Nike (NKE) Stock Looks Reasonable On Cash Flow While Earnings Look Rich
Simply Wall St.9d agoneutral
Nike (NKE) Stock Looks Reasonable On Cash Flow While Earnings Look Rich

Nike stock is in a tricky spot for valuation right now. The Discounted Cash Flow (DCF) intrinsic value estimate lines up close to the current price, while a weak long term share price record and a low overall value score suggest the stock is not a clear bargain. Over the past 5 years, Nike shareholders have seen the stock fall about 73.9%, which raises the bar for any case that the current price already reflects business challenges. Nike's push to refresh its product line and athlete roster,...

NKE