Industry
Tennessee Puts Meta on Trial Over Instagram's Addictive Design - Up to $1,000 Per Violation
Meta faces trial in Tennessee over Instagram's addictive design. New Mexico won $375M on similar claims. Three more trials land before August 18.
Industry
Business and market news for tech - earnings, acquisitions, layoffs, EV market moves, and the deals shaping the industry.
Industry
Prysmian Signs €5.5 Billion Molex Deal to Supply Fibre Optic Cables for Data Centers
Prysmian signs a €5.5 billion, 10-year deal with Molex (Koch) to supply fibre optic cables for data centers. €550 million upfront. Prysmian shares rose 2%.
AI
Anthropic Is in Talks to Buy $10 Billion of Compute From Meta - Its Fourth Major Infrastructure Source
Anthropic is in early talks on a compute deal with Meta worth up to $10 billion over two years, the New York Times reported Thursday.
Industry
SpaceX Stock Fell Below Its $135 IPO Price. A Lockup Releasing 911 Million Shares Comes Next
SpaceX stock dipped below its $135 IPO price Wednesday for the first time. An August lockup releasing 911 million shares - worth $123B at current prices - is the next test.
AI
Ten Japanese Robotics Giants - FANUC, Sony, Kawasaki - Just Joined NVIDIA's Cosmos Coalition
NVIDIA confirmed 10 Japanese industrial firms - including FANUC, Sony, and Kawasaki - are joining its Cosmos Coalition to build physical AI for manufacturing. Kawasaki also starts an AI shipyard with NVIDIA digital twins.
Science
General Fusion Lists on Nasdaq. Its Machine Has Already Hit 8.4 Million Degrees Celsius.
General Fusion began trading on Nasdaq today as GFUZ, the first publicly listed fusion company. LM26 has already reached 8.4 million degrees Celsius toward a 10 million degree target.
Tech
Apple Quietly Acquired SigScalr, the Startup Behind Open-Source Observability Tool SigLens
Apple acquired assets and employees from SigScalr, the maker of open-source observability tool SigLens. Deal closed March 12. No financial terms disclosed.
AI
Meta Doubles Hyperion to 5GW in Louisiana. Add the Chips and Bloomberg Gets to $250 Billion.
Meta Hyperion data center in Richland Parish grows from 2GW to 5GW. Construction tops $50 billion. Add the hardware and Bloomberg's count exceeds $250 billion.
Hardware
Samsung Yongin Chip Factory Moves to 2029 as AI Memory Demand Pulls Timeline Forward
Samsung confirmed its Yongin chip factory will open in 2029, one to two years ahead of schedule. South Korea plans to double memory output within five years.
Hardware
Intel Commits €5 Billion to Ireland to Scale Xeon 6 on Intel 3
An Intel Ireland investment of €5 billion targets Xeon 6 and next-gen Xeon production on the Intel 3 node at the Leixlip campus in County Kildare.
Industry
Netflix Viewers Drop Off After Season 1, and YouTube Has Already Passed It in Daily Viewing
Bloomberg data shows Netflix viewers dropping off after Season 1. YouTube already beats Netflix in daily viewing time, and microdrama apps hit $1.5B in 2025.
Industry
Bookshop.org Partners With Kobo to Give Indie Bookstores a Native E-Reader Channel
Bookshop.org partnered with Kobo to bring indie bookstore ebooks to Kobo devices natively. Amazon's DRM walls and retail stake mean Kindle won't follow.