Meta will pay up to $16.68bn to settle the 29-state youth safety case

Meta has agreed to pay a maximum of $16.68bn to settle claims brought by states across the country. They alleged the company designed Facebook and Instagram to addict children, misled consumers about [...]

Twitch and Amazon face a class action over livestream AI training

A Twitch streamer sued Twitch and Amazon on 20 August over the use of livestreams to train Amazon’s generative AI. The complaint runs to 37 pages. Counsel filed it in the Northern District of Califo [...]

Freehand raises $75M to put AI agents in charge of supply-chain spend

The startup, whose agents negotiate and pay across procurement for the likes of Unilever and Pfizer, is betting enterprises want software that acts, not software that suggests. Freehand, a startup who [...]

Anthropic planned a $7bn takeover of chip startup MatX, then walked away

Anthropic got far enough into a plan to buy the AI chip startup MatX to have a number attached to it, roughly $7bn, before the deal stopped moving. Reuters reported the talks on Thursday, citing peo [...]

ECB tells Europe’s big banks to plan for AI cyber threats

Europe’s banking regulator has a new fear: an AI model clever enough to break into the financial system. It wants every big bank to have a plan by October. The European Central Bank has a warning fo [...]

Schneider Electric buys industrial-AI firm Cognite for $3.1bn

Schneider Electric is buying Cognite, a Norwegian-founded industrial AI company, for $3.1bn in cash. The French group wants software that can make factories and power grids think for themselves. Schne [...]

The DOJ is investigating Andreessen Horowitz over competing board seats

The US Justice Department is investigating Andreessen Horowitz. At issue is whether partners at the venture capital firm improperly sit on the boards of competing artificial intelligence companies. Bl [...]

Sony’s $7.85M PlayStation Store antitrust settlement has been preliminarily approved

A US federal court has preliminarily approved a $7.85 million settlement in an antitrust class action alleging that Sony monopolised the market for digital PlayStation games by eliminating competition [...]

Space-Eyes, backed by Eric Trump, plans a $638m SPAC debut

Space-Eyes, a Miami geospatial-intelligence company backed by Eric Trump, plans to go public through a $638 million blank-cheque deal, deepening the family’s defence-tech ties. A defence-technology [...]