A New Mexico jury on Tuesday ordered Meta to pay $375m in civil penalties after it found the company misled consumers about the safety of its platforms and enabled harm, including child sexual exploitation, against its users.This is the first bench trial to find Meta liable for acts committed on its platform.“The jury’s verdict is a historic victory for every child and family who has paid the price for Meta’s choice to put profits over kids’ safety,” said New Mexico attorney general Raúl Torrez.“Meta execut ...

Anthropic faced against the Department of Defense in a federal court on Tuesday afternoon, as the artificial intelligence company seeks a temporary pause on the government’s decision to bar the US military and any contractors from using its technology. The two sides have been locked in an escalating feud over Anthropic’s refusal to allow its Claude AI chatbot to be used for domestic mass surveillance and fully autonomous lethal weapons. Donald Trump has ordered all US government agencies to stop using Anthr ...

Delta Air Lines is partly suspending its speciality service desk for members of Congress until funding for the Transportation Security Administration (TSA) is restored, the airline confirmed on Tuesday, as security lines stretch for hours at airports across the country due to the Department of Homeland Security (DHS) shutdown.The service desk is used to help members of Congress book flights at special government rates, secure airport escorts and make last-minute changes to flights.While the exclusive reserv ...

Kalshi and Polymarket, the two biggest prediction market sites, rushed to institute new industry guardrails and add new surveillance tools on Monday after two key senators announced legislation that could severely curtail the industry’s prospects.Kalshi said it would ban political candidates from trading on their own campaigns, and it would pre-emptively block anyone involved in college or professional sports from trading contracts related to the sports they play or are employed by.In a statement, a Kalshi ...

Global stock markets swung wildly and oil prices fell on Monday after Donald Trump postponed US attacks on Iranian power plants for five days.European stock markets, which had been falling sharply in the hours before Trump’s social media post, mostly rose on Monday as relieved investors digested the update.The French Cac 40, the Spanish Ibex and the German Dax, which all also opened lower, were up by 0.8%, 1% and 1.2% respectively. The FTSE 100 share index, which had fallen by almost 1.5% in early trading, ...

From 2h ago11.15 GMTMarkets bounce back as Trump postpones power plant strikes after 'very good and productive' talks with IranStock markets as suddenly surging, after Donald Trump claimed that the US and Iran have held “very good and productive conversations” over an end to the conflict.The London stock market has recovered almost all its earlier losses, after Trump also declared he had postponed any military strikes against Iranian power plants and energy infrastructure for five days.Poting on Truth Socia ...

Palantir is to be granted access to a trove of highly sensitive UK financial regulation data, in a deal that has prompted fresh concerns about the US AI company’s deepening reach into the British state, the Guardian can reveal.The Financial Conduct Authority (FCA) has awarded Palantir a contract to investigate the watchdog’s internal intelligence data in an effort to help it tackle financial crime, which includes investigating fraud, money laundering and insider trading.The Miami-based company, co-founded b ...

Core Insights - Palantir has secured a significant contract with the Financial Conduct Authority (FCA) in the UK, expanding its presence in the financial services sector, which constitutes 9% of the UK economy [1][2] - The company aims to leverage its AI and data analytics capabilities to assist the FCA in detecting financial crimes, particularly money laundering, which is a major concern in the UK [5][6] Group 1: Company Expansion and Contracts - Palantir's strategy involves embedding its technology in various sectors, including the NHS, police, and military, leading to contracts exceeding £500 million [1] - The FCA deal provides Palantir with access to vast amounts of data, enhancing its understanding of the financial landscape in London [2] Group 2: Drivers of Appeal - The appeal of Palantir to public authorities is driven by the need for efficient resource utilization amid tight public finances, the abundance of digital data, and the potential of AI to stimulate economic growth [3] Group 3: Financial Performance and Influence - Palantir reported earnings of $1.4 billion in the last quarter of the previous year, enabling it to attract top talent and maintain a strong presence in governmental discussions [4] Group 4: Regulatory Challenges and AI Implementation - The FCA is concerned about its current focus on financial crime cases that yield little results and seeks to utilize AI for better detection of wrongdoing [5] - The FCA's workplan for 2025-26 aims to enhance data usage to identify high-risk entities and networks [6] Group 5: Potential Risks and Countermeasures - Experts warn that reliance on AI for detecting financial crimes may lead to criminals adapting their tactics to exploit the technology [7][8] - The integration of various datasets by data companies raises concerns about privacy and the potential for misuse [9][10]

Eight states asked a US judge on Friday to issue a temporary restraining order to stop a $3.5bn merger of Nexstar Media Group and Tegna.On Thursday, the local broadcast station owners received merger approval from the Federal Communications Commission (FCC) and the US Department of Justice and said they had closed the transaction two hours after approval, the day after the states filed their lawsuit.The states argue that the deal, which would create the largest broadcast station group in the US, would “put ...

US stock markets dropped again on Friday, capping off a fourth week of market turbulence as investors worried about the US-Israel war on Iran and its widespread impact on global oil prices.The Dow lost over 400 points on Friday, with the S&P 500 slipping 1.5% and the tech-heavy Nasdaq down 2%.The biggest losses of the week were seen in the Russell 2000, which tracks the performance of small-cap companies. The Russell 2000 entered correction territory on Friday after dipping 2.7%, meaning the index fell more ...