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.
Elon Musk expects customer deliveries to begin at the end of 2027, according to Business Insider. Tesla has started Optimus production in California and reported flat revenue alongside sharply rising expenses as it increased its focus on robots, AI and autonomous driving, according to TechCrunch.
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 companies had already collaborated on headphones incorporating Bose technology, including head-tracking spatial audio and active noise cancellation, according to The Verge.
Nokia Oyj’s third-quarter profit beat analyst expectations, driven by rising demand for data center networking equipment as investment in artificial intelligence infrastructure surges.
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.
Exclusive: Nvidia, Microsoft and Cisco taskforce urges ministers to offer areas greater benefits from tech infrastructure amid fears of US-style opposition AI companies have told ministers they have 12 months to head off public opposition to datacentres in the UK or risk US-style protests that could threaten their construction.
European countries need to acknowledge that a degree of reliance on US technology is inevitable, said Louis Mosley, the head of Palantir Technologies Inc.’s UK and Europe operations, following moves by some governments in the region to reconsider their use of the company’s data analysis products.