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Technology



U.S. court allows thousands of lawsuits over alleged addictive social media designs to proceed

A U.S. appeals court has cleared the way for thousands of lawsuits against major social media companies, including Meta, Google, TikTok and Snap, over allegations that their platforms were deliberately designed to encourage addictive patterns of use. The Ninth Circuit Court of Appeals in San Francisco......

Meta launches new open-weight AI model as Zuckerberg calls for fewer U.S. restrictions

Meta has introduced a new open-weight artificial intelligence model as the company seeks to strengthen its position in the increasingly competitive global AI market. The launch of Muse Glimmer coincides with a call from Meta CEO Mark Zuckerberg for the United States to reconsider policies that he says......

Meta sanctioned by California judge over destruction of evidence in scam-ad case

Meta has been sanctioned by a federal judge in California after the company was found to have destroyed evidence relevant to a legal dispute involving fraudulent advertisements that allegedly used the image of Australian billionaire Andrew Forrest. The ruling adds another complication to Forrest's......

Meta launches open-source AI model and calls for lighter US restrictions

Meta Platforms has intensified its push into artificial intelligence with the launch of a new open-source model designed to support AI agents capable of carrying out tasks on personal computers. The model, named Muse Glimmer, reflects the technology industry’s growing focus on AI agents that can......

MySpace prepares a comeback as nostalgia for early social media grows

MySpace could be preparing for a new chapter as its current owners explore plans to revive the once-popular social media platform, tapping into growing nostalgia for the early days of online networking. Brothers Tim and Chris Vanderhook, who currently own MySpace, revealed their plans during a documentary......

Poll shows broad U.S. support for tighter social media regulation

Public pressure is growing in the United States for stronger oversight of social media platforms, particularly over concerns about their impact on children and teenagers. A recent Reuters/Ipsos poll suggests that Democrats and Republicans increasingly share concerns about the need for tougher rules. According......

Meta faces major California trial over alleged impact of Instagram and Facebook on minors

Meta is preparing to face one of the most consequential legal challenges yet brought against its social-media platforms in the United States, as four states seek to prove that the company deliberately designed Instagram and Facebook to encourage addictive use among minors. The federal case is scheduled......

J.P. Morgan raises S&P 500 year-end target to 8,000 on AI and earnings growth

J.P. Morgan has raised its year-end target for the S&P 500 to 8,000, up from its previous forecast of 7,800, citing stronger corporate earnings and growing confidence that artificial intelligence investment will translate into faster revenue growth. The new target represents an estimated 3.1% upside......

Three in five Americans back tougher oversight of social media companies

A majority of Americans support stronger government oversight of social media platforms, with broad bipartisan backing for measures aimed at protecting younger users, according to a new Reuters/Ipsos poll. The survey found that 61% of Americans believe social media companies require stronger regulation......

James Gray rejects AI in filmmaking and expects young directors to follow suit

American filmmaker James Gray has made clear that he has no intention of incorporating artificial intelligence into his filmmaking, describing the technology as both unnecessary and deeply troubling. The director, known for films including Little Odessa, The Yards, We Own the Night and Two Lovers, expressed......

Amazon plans massive gas power plant in Texas to supply data centers

Amazon is facing growing environmental scrutiny over plans for a large data center in West Texas, where the company is investing in an on-site natural-gas power plant that could become one of the largest individual sources of carbon emissions from a US power facility. The project in Pecos County reflects......

Meta faces nearly $1 billion penalty over alleged harm to young users in the United States

Meta has been ordered to pay nearly $1 billion in penalties and compensation over allegations that its social media platforms contributed to harm among young users in New Mexico. The ruling also introduces a series of restrictions on how minors can use certain features of Facebook and Instagram, marking......

Amazon builds massive Texas gas power plant to fuel AI data centers

Amazon is turning to natural gas to meet the extraordinary electricity requirements of its expanding artificial intelligence infrastructure, with the technology giant developing a vast power plant in Texas dedicated to supplying electricity to new data centers. Known as GW Ranch, the project is designed......

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