More Big Tech company debt ‘would increase the macro risks associated with the AI build-out,’ Goldman Sachs warns

Mark Zuckerberg and other directors at Meta have agreed to a $190 million settlement in a shareholder privacy lawsuit. The case centers on allegations of mishandling user data and violating privacy rights, which has drawn significant scrutiny towards the company's practices.

Meta's CEO Mark Zuckerberg and other executives are set to pay $190 million as part of a privacy lawsuit settlement. The lawsuit, which has garnered significant attention, addresses allegations regarding the mishandling of user data and privacy violations. This settlement reflects ongoing concerns about privacy practices among major tech companies.

Waymo, Tesla Robotaxi, and Amazon's Zoox are competing in the autonomous vehicle market, with recent developments highlighting their rivalry. Waymo has made significant strides, while Zoox has launched a new robotaxi service in San Francisco, offering free rides to users. This competition is intensifying as each company seeks to establish dominance in the self-driving taxi sector.

Retailers Kroger, Target, and Walgreens are implementing stricter rules to combat retail theft and shoplifting, which have negatively impacted the shopping experience. Customers often find essential items locked away, requiring assistance from staff, leading to frustration and a shift towards online shopping alternatives like Amazon.

A key manufacturer in the food industry has filed for Chapter 11 bankruptcy, reflecting ongoing challenges within the sector. The filing highlights concerns over financial stability and operational viability amid rising costs and market volatility. This situation underscores the broader issues facing food-related businesses, particularly in the context of changing consumer behaviors and economic pressures.

Yann Le Cun, a prominent figure in artificial intelligence and a key player at Meta for over a decade, is leaving the company. His departure follows disagreements with fellow engineers regarding the future of AI technology, particularly large language models like those used in ChatGPT.

Google has announced a $2 billion investment in a data center in Turkey in partnership with Turkcell. This initiative is part of Google's strategy to expand its infrastructure and services in the region, aiming to enhance connectivity and support local businesses. The investment reflects a growing trend of tech companies increasing their presence in emerging markets.

Google has inaugurated a new AI engineering center in Taiwan, marking a significant expansion of its operations in the region. This facility aims to enhance the company's capabilities in artificial intelligence and strengthen its presence in the Asian market, which is increasingly becoming a hub for AI development.