Technology Is Fast and the Courts Are Slow

Meta has successfully won an antitrust case that could have required the company to divest its popular platforms, Instagram and WhatsApp. A federal judge ruled in favor of Meta, dismissing the Federal Trade Commission's (FTC) allegations that the company held a monopoly in social media. This ruling is seen as a significant legal victory for Meta, allowing it to retain ownership of these key assets.

A federal judge ruled in favor of Meta, the parent company of Facebook, rejecting the FTC's antitrust case that sought to unwind its acquisitions of Instagram and WhatsApp. The ruling signifies a significant legal victory for Meta, allowing it to maintain its ownership of these popular social media platforms without facing forced divestiture. This decision comes amid ongoing scrutiny of large tech companies and their market practices.

John Hegeman, Meta's Chief Revenue Officer, is leaving the company to start his own venture after nearly two decades of working on monetization and the Facebook app. His departure marks a significant change in leadership at Meta, which is currently navigating challenges in its business strategy.

Tareq Amin is promoting Saudi Arabia as a prime destination for AI computing power, leveraging the country's oil wealth. His sales pitch has gained traction in Silicon Valley, where tech companies are increasingly seeking robust AI infrastructure. This initiative aligns with Saudi Arabia's broader strategy to diversify its economy and invest in technology sectors, moving away from its traditional reliance on oil revenues.

A study by Which? has revealed that popular AI chatbots, including ChatGPT and Microsoft's Copilot, are providing British consumers with inaccurate financial advice. The research found that these chatbots offered misleading tips on investments, tax, and insurance. For instance, ChatGPT incorrectly stated that travel insurance is mandatory for most EU countries, while Copilot advised users to breach HMRC investment limits on ISAs. Additionally, Meta's AI provided false information regarding compensation claims for delayed flights.

Meta and Google have announced a delay in the deployment of undersea cables due to security concerns. This decision highlights the growing apprehension regarding the safety and integrity of global internet infrastructure, particularly in light of geopolitical tensions. The companies have not specified a new timeline for the project, which is crucial for enhancing internet connectivity across various regions. The delay raises questions about the future of such initiatives and the potential impact on global internet access.