This newfound behemoth of technology and space exploration has given rise to an unprecedented surge in wealth, transforming the private aviation industry in ways nobody could have imagined a couple of years ago. This past month, aviation lawyer Amanda Applegate was so inundated with aircraft-purchase contracts she couldn't even take her annual vacation — and …
Meta Platforms will start producing its own AI chip, dubbed “Iris,” that it has been developing since September, an internal memo seen by Reuters revealed. The move is part of the company's wider strategy to increase its total computing power to more than double to 14 gigawatts by next year, having come to depend on …
On July 2, 2026, the Court of Justice of the European Union finally condemned Google in its long-awaited decision in the case between the company and European antitrust authorities. The top court in Europe rejected Google's appeal and affirmed the massive €4.1 billion fine it had received for abusing its dominance of the Android mobile …
Publicly, Mark Zuckerberg, the Chief Executive of Meta Platforms, has come out and admitted that the company's lofty AI plans are not going as quickly as he expected. In an internal town hall meeting on Thursday, Zuckerberg explained the massive organizational changes being made at Meta, and indicated that the AI agent systems had not …
In a significant development that underscores the growing legal scrutiny of social media platforms and their impact on young users, TikTok has reached a settlement agreement with a minor plaintiff who alleged that the platform caused severe damage to his mental health. The settlement, confirmed by Morgan & Morgan, the law firm representing the plaintiff, …
As businesses reflect on their investments and approach to implementing AI, the landscape is changing dramatically. For years, the Silicon Valley doctrine has been that only the most advanced and costly AI models would offer business value to companies looking to stay competitive. But a major change is taking place, with an increasing number of …
In a major escalation of its efforts to clamp down on social media companies, the Australian government has doubled the fines for those that continue to let children under 16 use social media platforms, admitting that the nation's pioneering under-16 social media ban has had little impact on teen social media usage six months on. …
SpaceX officially joins the Nasdaq 100 index, with the move scheduled to happen on July 7, the exchange operator announced on Friday. It's an important step for Elon Musk's aerospace and artificial intelligence company, which went public on June 12. Many passive investors are likely to follow the trend and buy shares after inclusion in …
China and the United States have been at the forefront of global technological advancements and innovation, but as tensions continue to intensify in the trade and security arena, the U.S. has once again stepped up its regulatory action against Chinese technology imports. The Federal Communications Commission recently issued a huge expansion of its current ban …
The Italian antitrust office has formally launched an investigation against Microsoft Corporation for potentially unfair commercial practices for price changes of its subscription service Microsoft 365. The regulator said Friday it was exploring if the tech giant failed to notify consumers of “substantial changes” to its subscription options, such as adding AI-enabled tools that “materially …
OpenAI has just announced a major delay in releasing its much-anticipated GPT-5.6 model for the public — at the explicit request of the United States government. In a move to exercise more control over the most powerful AI tools being developed in the private sector, the artificial intelligence firm on Friday announced that initial access …
In a move that significantly escalates transatlantic trade tensions, President Donald Trump has announced that the United States will impose a 100% tariff on all goods imported from any country that implements a digital services tax targeting American companies. The declaration, made via social media on Friday, represents a dramatic hardening of the administration's position …
In a bold move that highlights the growing conflict in the artificial intelligence arms race, Anthropic, an American AI firm, has formally leveled allegations of the largest known attack to date against its AI systems by the Chinese technology giant, Alibaba. According to the allegations in a confidential letter sent to key members of the …
Amazon has revealed another big investment in Indian market, which is going to be spent on development of AI and cloud infrastructure by 2030. The new investment follows Alibaba's earlier stated plan on funding its e-commerce arm by investing $35 billion in the next five years in India. The announcement follows a strategic meeting between …
