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18.08.26 - 17:45
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Nvidia Confirms It Will Back Massive 4.25GW SoftBank Data Center In Ohio For $105 Billion (ZeroHedge)
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Nvidia Confirms It Will Back Massive 4.25GW SoftBank Data Center In Ohio For $105 Billion
Nvidia has confirmed reports that it is financially backing SoftBank's massive data center at the Portsmouth Site in Pike County, Ohio, with up to $105 billion in financing, a securities filing revealed on Monday.
The project, led by SB Energy, is set to be fully leased to OpenAI. The facility could grow to 10GW, making it the world's largest data center, but Nvidia will initially support the first 4.25GW, DataCenterDynamics reported.
In a LinkedIn post, Nvidia CEO and founder Jensen Huang confirmed that his company would partner with SB Energy to help secure land, power, and shell (LPS) capacity at the Department of Energy (DOE) site.
The GPU giant will provide a $105bn backstop for the project, helping lower debt costs, similar to previous SPV project financings and reusing the structure popularized by Meta in late 2025 with its Project Beignet off balance sheet structure to fund its massive Hyperio...
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18.08.26 - 17:45
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Meta Faces Unprecedented Legal Reckoning Over Youth Mental Health As Massive Multistate Trial Begins (ZeroHedge)
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Meta Faces Unprecedented Legal Reckoning Over Youth Mental Health As Massive Multistate Trial Begins
Meta Platforms is facing a critical juncture in its battle over youth online safety. Just weeks after suffering a massive legal defeat in New Mexico, the parent company of Facebook and Instagram is now defending itself in a California federal court against a bipartisan coalition of 29 states. The states say Meta deliberately designed its platforms to addict children and harvested their data in violation of federal law.
The California Showdown
A sweeping multistate trial opens Tuesday in Oakland, California, overseen by U.S. District Judge Yvonne Gonzalez Rogers. Attorneys for Colorado, California, New Jersey and Kentucky - leading a bipartisan group of 29 states - will deliver opening statements. Those four states' claims about addictive design and deceptive marketing are what this trial tests, while all 29 states are involved over data-harvesting claims.
Interestingly - the eight-person jur...
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18.08.26 - 17:36
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Meta Platforms Falls 4% on Trial Risk With Costs Up 55%, Free Cash Flow Down to $784M (24/7 Wall St.)
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Meta Platforms (NASDAQ:META) stock is down 4% to $548.14 in Tuesday morning trading as a 29-state youth-harm trial opens in Oakland. Investors are reassessing a cost base growing far faster than revenue. Meanwhile, Pinterest (NYSE:PINS) stock is up 3% to $23.75. Snap (NYSE:SNAP) stock is up 2% to $5.30. Alphabet (NASDAQ:GOOGL) stock is down 0.2% ... Meta Platforms Falls 4% on Trial Risk With Costs Up 55%, Free Cash Flow Down to $784M...
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18.08.26 - 16:18
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KI statt Freunde: Mark Zuckerbergs Vision vom vollüberwachten Alltag (RND)
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Der Meta-Konzern träumt von Partys, bei denen alles mitgefilmt und per KI ausgewertet wird. Dessen Chef Mark Zuckerberg fantasiert von einem Super-Assistenten, der im Zweifel sogar Freunde ersetzt. Und längst stellt sich die Frage, ob das Silicon Valley überhaupt noch versteht, wie normale Menschen leben....
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18.08.26 - 16:12
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′A feudal relationship′: Stonegate Pub Partners under scrutiny after complaints of tenant mistreatment (The Guardian)
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UK's largest pub company with the lowest satisfaction rating accused of entrapping landlords into financial loss situations“We're pleased to welcome Stonegate Pub Partners as a sponsor for the Great British Pub Awards 2026” read a post on the event's Facebook page. Within minutes it had backfired.“Must be 1st April again,” said one commenter. “This is like Pontius Pilate being appointed child welfare ambassador,” said another. Other comments about the UK's largest pub company were significantly less polite. Continue reading......
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18.08.26 - 16:00
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Meet the Chinese AI star who splashed a reported US$70m on a California mansion (SCMP)
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Tony Wu Yuhuai, the China-born co-founder of Elon Musk's artificial intelligence lab, sparked discussions across Chinese social media after reportedly spending US$70 million on a six-bedroom Californian mega-mansion.
The property deal, the largest so far this year in the Bay Area, pushed the thirty-something AI star under the spotlight, alongside other Silicon Valley-based Chinese talent that has contributed to frontier AI labs from OpenAI to Meta Platforms.
Wu appeared to be the buyer of a......
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18.08.26 - 16:00
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Ikea to take on eBay and Vinted with UK online secondhand site (The Guardian)
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Platform set to launch later this year will enable loyalty card members to sell preloved Billy bookcases and Poäng chairsBusiness live – latest updatesIkea is taking on eBay, Facebook Marketplace and Vinted with its own secondhand selling site in the UK.The new platform, which will enable shoppers signed up to the Swedish company's membership scheme to connect directly to one another to buy and sell pre-owned Ikea items locally, is due to launch in the next few months. Continue reading......
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18.08.26 - 15:12
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Reel-ing it in: Meta is paying influencers to promote teen accounts (The Guardian)
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Tech Transparency Project's report shows whenever governments mull platform regulations, company recruits influencers to promote its safety featuresIn July 2025, Meta gathered parenting influencers from all over Australia at a waterfront venue overlooking the Sydney Opera House. It was a camping-themed event and in many ways was like any other influencer affair. There were Instagram-branded tents to take pictures in, an Instagram-branded step-and-repeat, a custom-tote making station and Instagram-branded snacks and coffee cups.But this “screen smart” event wasn't about the photo op. Continue reading......
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18.08.26 - 12:39
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Blasphemy Law Is Back: Retired British Police Officer Fined For Islam Joke (ZeroHedge)
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Blasphemy Law Is Back: Retired British Police Officer Fined For Islam Joke
Authored by Steve Watson via Modernity News,
A retired British police officer has been handed a criminal conviction and more than £1,000 in fines for resharing a satirical Facebook meme poking fun at Islam.
Stephen Gray, 65, a former Police officer who served nearly three decades, was found guilty under Section 127 of the Communications Act 2003 of making a "grossly offensive" post.
The case has sparked fresh warnings that blasphemy laws, abolished in England in 2008, are being revived by the back door - but only for one religion.
'It was one joke, not targeted at anybody, pointing out certain parts of Islam.'
Former police officer and foster carer Stephen Gray recounts his experience of being charged for resharing a post criticising Islam, raising questions about a potential backdoor to blasphemy laws. pic.twitter.com/9BMeUigvxC
— GB News (@GBNEWS) August 16, 2026
Gray's first concern when charged was n...
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