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Four U.S. states demand $1.4 trillion from Meta ahead of an August trial, claiming the company engineered addictive experiences on Facebook and Instagram while downplaying risks to children. The figure, nearly equal to Meta's market value, highlights escalating accountability for platform design and youth mental health. Meta calls the penalties unprecedented and unsupported. The Oakland case could reshape industry standards.
Join our free webinar on Tuesday, 15 July, at 10:30 am ET / 3:30 pm BST to discover how to optimise your marketing mix for sustainable growth.
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China's pivot to domestic AI chips has slashed Nvidia's market share from 40% to a projected 8% this year while Huawei claims half the market. Ascend processors and local fabs are scaling fast despite export curbs. The shift threatens Nvidia's long-term growth in its second-largest market.
Semler Scientific sold 48 BTC for about $5.3 million near $110,000, locking in gains from lower purchase prices to fund healthcare operations and acquisitions. The move reflects tactical profit-taking while maintaining a substantial bitcoin treasury position, sparking mixed market reactions about corporate conviction. This balanced approach may influence future treasury strategies.
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SK Hynix CEO Kim Jong-hoon described the semiconductor memory market as the worst in his 30-year career, citing persistent oversupply, softening demand, elevated inventories, and fierce competition. Despite the AI-driven boom in high-bandwidth memory, traditional DRAM and NAND segments face significant challenges.
This creates a complex outlook for the industry.
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