The case centered on claims that Meta misled Facebook users about data privacy in connection with the Cambridge Analytica scandal. Jurors found more than 43 million consumer protection violations. Cambridge Analytica harvested Facebook data to target political advertising for the 2016 election, according to The Economic Times.
Quartz reports the penalty was reduced from $219.5 billion.
Zuckerberg considered leaving the state over a proposed billionaire wealth tax that could require substantial stock sales and threaten his voting control. Meta's agreement would let him sell shares without diluting that control, giving him a financial incentive to remain near the company's headquarters despite a potential multibillion-dollar tax bill.
Meta's board feared his departure could disrupt its AI plans, according to Wired.
The shutdown ends development of the next Mass Effect game at the studio behind that series and Dragon Age. Roughly 50 of the affected jobs are at the Edmonton-based developer.
The security release is scheduled for October 21 at 14:00 UTC, and administrators are being urged to prepare to upgrade. The vulnerabilities could allow remote code execution.
The agent connects to apps, flags items needing attention and continues working when users step away. It is launching as a research preview for US subscribers, with access on iOS, Android and the web.
The new stock would allow Meta to raise capital while preserving Mark Zuckerberg’s voting control. The company reported third-quarter revenue of $64.6 billion, up 26% from a year earlier, and its cash flow turned negative amid increased AI spending, according to The New York Times.
The Chinese AI pioneer DeepSeek has raised about 100 billion yuan ($15 billion) in its latest fundraising round, one of the country’s largest ever and a sign of the startup’s ambitions to compete globally with the likes of Anthropic PBC and OpenAI.
The companies had already collaborated on headphones incorporating Bose technology, including head-tracking spatial audio and active noise cancellation, according to The Verge.
Noetix Robotics has filed confidentially for a Hong Kong initial public offering that could raise several hundred million dollars, according to people familiar with the matter.
Microsoft said it has observed cyberattacks by a Chinese state-aligned actor known as Storm-0940 that used a Chinese AI agent called Artex to automate the attacks targeting hundreds of organizations globally across a wide range of industries.
Atreides Management led the Swedish legal AI startup’s Series E round, with new investors including Baron Capital, Capital Group, Fidelity Management & Research Company and Glade Brook Capital Partners.