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The Latest Breaking News from Big Tech

Florida sues OpenAI and CEO Sam Altman over ChatGPT

It's part a string of lawsuits the state has filed against Big Tech companies.

Axios

Meta weighs big equity raising to finance AI infrastructure: FT

The report comes after Alphabet ‌moved to ⁠raise $84.75 billion ⁠in upsized equity offerings, as Big Tech competes to build data centers and capitalize on growing demand for AI.

The Economic Times

Big Tech finds a foe in Texas’ robust consumer protection laws and AG Ken Paxton

Paxton is banking on his recent lawsuits against tech and social media companies like Meta, WhatsApp and Discord to win a Senate seat, building on notable victories in years past.

The Texas Tribune

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Oil prices rise, but not by enough to keep Wall Street from more records

Oil prices rose following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn't very worried, and U.S. stocks are rising toward more records

AAP

Oil prices rise, but Wall Street still hangs near its records

Oil prices are rising following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn't very worried, and U.S. stocks are hanging around their records

AAP

Proton CTO urges the UK to start enforcing competition laws against Big Tech before it's 'too late'

The UK's new digital market rules are "nothing more but words on a page" without proper enforcement, warns Proton's CTO. Here's why a coalition of tech challengers is demanding immediate action against Apple and Google's monopolies.

TechRadar

Big tech earning £200k per person from data of each internet user in UK, report finds

Amazon, Microsoft, Meta and Alphabet extract up to £1,000 annually from a single user’s personal data, according to the report

Evening Standard

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Why Location Is the Only Thing That Matters for Nebius Stock

While the U.S. market is saturated with data centers, Nebius is leveraging Europe's strict regulations and energy grid limits to build a monopolistic AI infrastructure.

Barchart

Communities are blocking billions in data centers. Big Tech has wagered $1 trillion otherwise

A grassroots rebellion is canceling AI infrastructure projects at a record pace — but hyperscalers are betting the math still works in their favor.

Fortune

Margrethe Vestager backs new AI Safety Institute for children after decade regulating Big Tech

A US nonprofit is borrowing the car industry's safety playbook to protect children from AI — and it wants to use big tech's own money, among others, to do it.

Euronews

Alphabet considers first yen bond sale to fund AI goals

Alphabet is making headlines with its first-ever issuance of yen bonds, aimed at fueling its rapidly developing artificial intelligence ecosystem. This trend reflects a broader shift among Big Tech firms who are increasingly tapping into debt markets to fund their AI projects.

The Economic Times

70% H-1B approvals from India in FY 2025 revealed in new report, US senator shocked

Senator Eric Schmitt expressed shock over the latest official report on H-1B for FY 2025 where India led the list of countries with 283,772 approvals, followed by China with a distant 49,161 approvals. "While Washington pats themselves on the back, American workers are told to “upskill” or get replaced by…

The Times of India

Europe’s relationship with US Big Tech has reached a breaking point

It starts with upgrades. It ends with losing control of your own systems

TechRadar

Review: Minecraft Is Still Getting Better Over 15 Years After Its Original Release

Contrary to the concerns of big-is-bad types, the game's charm has only grown since its Big Tech acquisition.

Reason

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TechRadar

Proton CEO warns global age verification push will mean "the death of anonymity online"

Proton CEO Andy Yen is sounding the alarm on the global push for age verification, warning that current proposals will strip away online anonymity for everyone while handing unprecedented surveillance power to Big Tech.

Fortune

Here’s what Warren Buffett, Sam Altman, Donald Trump, and everyone else has to say about Tim Cook stepping down

Trump called Cook by his pet name, “Tim Apple,” in a post congratulating the longtime Apple CEO, who will step down on Sept. 1.

The Times of India

Big tech loves this arrangement: Congressman Riley writes to DHS for ending OPT; claims 450,000 jobs 'stolen' from Americans

GOP Congressman Riley M Moore has written to new DHS secretary Markwayne Mullin to end OPT, STEM-OPT and CPT programs to save jobs for American graduates. He is not the first one to raise the demand amid the ongoing H-1B controversy but he detailed how these programs that allow foreign…

International Business Times UK

Is Big Tech Teaching Machines To Be Conscious? Google Mind's Move To Hire A Philosopher Raises Eyebrows

Google DeepMind has hired an in-house philosopher to explore the boundaries of machine consciousness and ethics. This move follows years of controversy surrounding AI sentience and the limits of large language models.

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International Business Times UK

Big Tech Abandons Multi-Billion Dollar Data Centres in US as Investors Demand Energy, Water Usage

Global tech giants are abandoning multi-billion-dollar data centre projects across the US due to mounting environmental pushback. Investors are now demanding full disclosure of water usage and site-specific energy audits to mitigate ESG tech reporting risks. Learn how AI energy demand is reshaping the future of the digital economy.

Fortune

Who owns ideas in the AI age?

David Shelley, CEO of Hachette’s U.K. and U.S. operations, on taking on Big Tech, defending copyright, and why the future of human creativity is at stake.

Fortune

The Iran war turned Mag 7 stocks into dip-buying bait. But no one is jumping in yet even though Wall Street expects U.S. tech to outperform

Microsoft has sold off 32% in just five months.

The Independent UK

‘Beyond massive’: How a court victory by a teenager addicted to Instagram and YouTube could upend the whole tech industry

ANALYSIS: In a landmark ruling, a Los Angeles jury held Meta and Google liable for a young app user’s mental distress. Io Dodds explains why that logic could cost Big Tech billions — and potentially transform it permanently

Fortune

A court just ruled that tech addiction is real—and dangerous. It could be Meta and YouTube's Big Tobacco moment

A Los Angeles jury’s decision that addictive app design caused a young woman’s mental health crisis could force Big Tech to confront what parents, doctors, and users have warned about for years.

International Business Times

Why Big Tech Is Pouring Billions Into AI Data Centers and Reinventing Tech Infrastructure

Discover how Big Tech is investing billions in AI data centers to power next-generation tech infrastructure, driving innovation, sustainability, and the future of artificial intelligence.

TechRadar

Chat Control: EU Parliament said no to Big Tech mass surveillance of your chats — but the battle for privacy isn't done

The EU Parliament's stance on untargeted scanning and encryption is clear. With the trialogue negotiations for the permanent law ongoing, will the Council and Commission be ready to follow suit?

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