Business

Meta Scam Ad Revenue to Hit Shocking $16 Billion

Internal Meta documents reviewed by Reuters reveal that Mark Zuckerberg’s company expects to generate a staggering $16 billion—roughly 10 percent of its projected 2024 revenue—from ads promoting scams and banned products.

OpenAI Government Backstop Demand Sparks Outrage

OpenAI CFO Sarah Friar triggered a wave of criticism this week after suggesting the company wanted the U.S. government to serve as a financial “backstop” for its infrastructure investments.

Bernie Moreno’s HIRE Act Sends Shockwaves Through India

Sen. Bernie Moreno’s Halting International Relocation of Employment (HIRE) Act is drawing international backlash, particularly from India.

Michael Burry Bets $1B Against Nvidia & Palantir, AI Crash Incoming?

Hedge‑fund legend Michael Burry, known for forecasting the 2008 housing‑market collapse, is betting big against two of the hottest names in tech: Nvidia and Palantir Technologies.

Wikipedia Scandal Erupts, Checkuser Caught in Paid Editing Storm

A senior administrator on the Serbian‑language Wikipedia, who holds “checkuser” privileges allowing access to confidential user data.

AI Push Drives Office Comeback: Why Companies Are Re‑In‑Office

Companies are expanding their office footprints as AI‑driven work models highlight the value of in‑person collaboration.

Amazon Layoffs Blamed on Culture, Not AI?

Amazon CEO Andy Jassy has downplayed the role of artificial intelligence in the company’s latest round of mass layoffs.

Seattle Bans Grocery Chains from Blocking New Stores

The Seattle City Council unanimously passed an emergency ordinance Tuesday banning “restrictive covenants” that prevent new grocery stores and pharmacies from opening in locations previously used for those purposes.

Waymo CEO Admits Fatal Crashes Are Inevitable with Self-Driving Cars

Waymo Co-CEO Tekedra Mawakana says society will accept the eventual deaths caused by self-driving cars as part of the cost of innovation.

Trump Told Nvidia to Build in America, And They Did

Nvidia CEO Jensen Huang announced this week that the company will build seven new supercomputers for the U.S. Department of Energy — all using American-made chips.

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