A jury has reached a verdict in a major New Mexico trial in which the state's attorney general alleged that Meta failed to safeguard its family of apps from child predators.The civil trial, in which opening arguments began on Feb. 9 in a Santa Fe courthouse, centers on allegations that Meta violated state consumer protections laws and misled residents about the safety of apps like Facebook and Instagram. New Mexico attorney general Raúl Torrez sued Meta in 2023 following an undercover operation involving th ...

Techcrunch event In Brief Data center developer Crusoe is ramping up its energy storage capacity with battery buys from Form Energy and Redwood Energy. The company said it will buy 12 gigawatt-hours of Form Energy's 100-hour batteries. It's the second large sale made by Form, which last month said it would build a 30 gigawatt-hour battery for Google in Minnesota. That deal was worth about $1 billion, according to The Information. Form, which didn't disclose the value of the sale, will start delivering Cruso ...

Techcrunch event With an overflowing war chest from its $5 billion raise that closed last month (not to mention billions in revenue), Databricks is acquiring. The company, best known for its cloud data analytics platform, announced on Tuesday that it was launching a new security product called Lakewatch. Lakewatch takes Databricks' ability to store massive amounts of data and performs classic Security Information and Event Management (SIEM) tasks, like detecting and investigating threats. Only it does so wi ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

When Jeff Bezos said that one breakthrough technology would shape Amazon's destiny, even Wall Street's biggest analysts were caught off guard. Fast forward a year and Amazon's new CEO Andy Jassy described generative AI as a "once-in-a-lifetime" technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

Quick Read Apple (AAPL) posted record iPhone revenue of $85.27B (up 23.3% year-over-year) and Services revenue hit $30.01B (up 14% year-over-year), while Meta (META) drove advertising revenue to $58.14B (up 24% year-over-year) despite operating margin compression from Reality Labs losses of $19.2B for the full year and planned 2026 CapEx of $115-$135B. Apple is prioritizing capital returns to shareholders through buybacks while maintaining lean AI infrastructure spending, whereas Meta is betting $115-$ ...

Plus, Jensen Huang's latest flex and Nvidia's lower stock-market multiple ...

Andrew Bosworth, Meta's chief technology officer, will oversee the company's 'AI For Work' initiatives as focus shifts away from the metaverse. ...

Over the last few years, Meta Platforms (NASDAQ: META) has quietly solidified its position as a leader in the artificial intelligence (AI) realm through a combination of open-source models and integrating generative AI across its social media platforms. On one side of the equation, Meta is democratizing AI for developers and enterprises through its Llama model series. On the other side, the company is embedding machine learning into core advertising tools across Facebook, Instagram, and WhatsApp -- enhanc ...