Instagram boss says new AI engineers have 2 qualities driving their success, and you don’t need an Ivy League degree: ‘A lot of them are in their 20s’

A judge has ruled that Meta does not hold a monopoly following its acquisitions of Instagram and WhatsApp. This decision allows the parent company of Instagram to avoid the potential breakup of its business. The ruling comes after a lawsuit filed by the Federal Trade Commission (FTC) in 2020, which accused Meta of maintaining monopoly power in the market.

Meta has successfully defended itself against an antitrust lawsuit filed by the Federal Trade Commission (FTC), which posed a potential threat to its ownership of WhatsApp and Instagram. The lawsuit aimed to challenge Meta's market practices and its control over these popular social media platforms. The ruling is seen as a significant victory for Meta, allowing the company to maintain its current structure and operations without the risk of being forced to divest its key assets.

A judge ruled that Meta does not hold a monopoly, dismissing a lawsuit filed by the Federal Trade Commission (FTC) in 2020. The FTC accused Meta of maintaining monopoly power after its acquisitions of Instagram and WhatsApp. This ruling is a significant development in the ongoing scrutiny of large tech companies and their market practices.

Economist Grace Zwemmer warns that young workers, particularly from Generation Z, are facing significant challenges in the current economic climate. With many unemployed and living with their parents, this demographic is contributing to a $12 billion decline in consumer spending. The weak labor market is expected to have long-term negative effects on their wage growth and earning potential, highlighting the precarious situation of this generation in the workforce.

The U.S. national debt has reached a significant milestone of $38 trillion, raising concerns about the transparency and modernity of the government's accounting practices. The issue was highlighted by a recent congressional campaign focused on improving the financial reporting of the U.S. government. The candidate's victory suggests a growing public interest in fiscal accountability and the need for a more transparent accounting framework.

Research indicates that the adoption, investment, and usage rates of generative AI among U.S. companies are rapidly increasing. This shift reflects a growing recognition of the technology's potential to enhance business operations and drive innovation. As organizations integrate generative AI into their strategies, they are likely to experience significant changes in productivity and efficiency, positioning themselves competitively in the market.

Bitfury, a prominent player in Bitcoin mining, has announced a $1 billion initiative aimed at investing in ethical technology and artificial intelligence. The company plans to allocate $200 million in the upcoming year, focusing on areas such as self-sovereign identity and quantum technology. This strategic move reflects Bitfury's commitment to advancing responsible tech solutions while expanding its influence beyond cryptocurrency mining.

The likelihood of President Trump distributing $2,000 tariff rebate checks has dropped to just 2%. This decline follows skepticism expressed by members of his cabinet regarding the feasibility of the plan. The promise, initially made by Trump, has faced increasing doubts as discussions around economic policies continue.