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28.07.26 - 08:06
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Meta disregarded its own research on teen harm, Tennessee lawyers tell jury (The Guardian)
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In opening statements, state argued Meta's own research showed it harmed teens while firm's attorneys pointed to transparencyThe long-awaited trial between the social media company Meta and the state of Tennessee began proceedings on Monday. Attorneys for Tennessee told a jury in Nashville that Meta, which owns Instagram and Facebook, disregarded internal research about its platform's impact on teenagers, while the company sought to maximize profit from those young users.During opening statements in a seven-week trial in state court, the state's lawyers said Meta researchers repeatedly flagged teenagers' compulsive use of the platform – leading to eating disorders, depression and self-harm. But despite those warnings, Meta did not disable features such as autoplay, notifications and infinite scroll which, the lawyers said, were designed to keep teens on Instagram as long as possible and increase the number of ads they viewed. Continue reading......
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28.07.26 - 07:06
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Google TPU surge and Meta capacity push fuel CSP capex wave (Digitimes)
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AI demand and whether the boom is heading into a bubble are back in focus, and capital expenditure by cloud service providers (CSPs) and their supply chains is emerging as a key gauge. Google has already said it will raise capex again in 2027, and industry watchers expect AWS and Microsoft to follow, keeping AI infrastructure momentum strong with more capital injections....
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27.07.26 - 15:45
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Futures Jump As Brent Tumbles Below $90 On Fresh Round Of Iran Ceasefire Optimism (ZeroHedge)
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Futures Jump As Brent Tumbles Below $90 On Fresh Round Of Iran Ceasefire Optimism
A sharp drop in oil prices prompted by a quieter weekend for geopolitics and a pause in MidEast hostilities also sparked a drop in bond yields and the USD. A powerful relief rally in stocks and bonds emerged after a lull in hostilities in the Middle East, and started a week packed with earnings and a stack of interest-rate decisions on a positive note. As of 8.00am ET, Nasdaq futures surged after the index logged its first back-to-back weekly declines since March; S&P 500 futures rose 1%. After Friday's rout, all Mag 7 stocks gained amid the relief rally in tech and AI-related stocks (Meta Platforms +1.8%, Alphabet +1.7%, Amazon +1.4%, Tesla +1.3%, Microsoft +1%, Nvidia +0.9%, Apple +0.1%). While Asian markets closed mixed, European stocks advanced as broader risk sentiment gets a boost from a pullback in energy prices. Brent crude futures for September fell 9% to around $88 a barrel (these hit $100 late last...
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