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Meta has reached a settlement with a US school district which had sued the Instagram-owner over the costs of fighting a mental health crisis allegedly caused by the company’s social media platforms. Breathitt School District, located in the US state of Kentucky, had been poised to litigate the first case attempting to make social media companies cover those costs. The school district settled the same case last week with three other defendants: TikTok, Snap Inc, and Google’s YouTube. “We’ve resolved this case amicably,” a Meta spokesperson said on Thursday of the agreement, which allows it to avoid mounting a defence at this trial, although similar cases remain set for trial in the near future. BBC
A roughly $1 billion raise from outside investors is among the options being weighed by Manus co-founders Xiao Hong, Ji Yichao, and Zhang Tao as they work to comply with Beijing’s order to undo Meta’s acquisition of the startup, according to Bloomberg. Any gap in the financing could be filled with personal funds from the founders themselves, Bloomberg said. The target valuation for the round would be set at or above the price Meta paid — more than $2 billion — according to Reuters.
Elon Musk’s SpaceX has said it wants to save humanity from the “same fate as the dinosaurs” as it starts a record-breaking $1.75tn (£1.3tn) initial public offering (IPO). In a prospectus filed with US financial regulators, SpaceX stated its goal was to help mankind spread to other planets to avoid the “non-zero probability of extinction-level events” that could wipe out life on Earth. “By moving beyond the only home we have ever known, we ensure species-level redundancy and that the light of consciousness will not be tied to a single planet,” SpaceX said. “We do not want humans to have the same fate as dinosaurs.” Telegraph
Nvidia continued its years-long streak of beating Wall Street’s expectations for growth on Wednesday, reassuring most investors that the AI boom, particularly the global explosion of datacenters, will continue apace. “The buildout of AI factories – the largest infrastructure expansion in human history – is accelerating at extraordinary speed,” said Nvidia’s CEO, Jensen Huang, in a statement. “Agentic AI has arrived, doing productive work, generating real value, and scaling rapidly across companies and industries.” Many analysts view Nvidia’s financial performance as a broader referendum on the AI buildout. Guardian
Alphabet’s Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to improve performance around construction zones and flooded roadways. The suspension comes as Waymo, which has been growing its robotaxi operation slowly and steadily for years in the U.S., has quickened the pace of expansion, as others, including Tesla and Amazon’s Zoox, step up their push in the sector. “We have temporarily paused freeway operations, as we work to integrate recent technical learnings into our software and expect to resume these routes soon,” a Waymo spokesperson said in an email. Reuters
After establishing itself as a leader in foldable smartphones, Samsung could now be exploring a rollable display smartphone, according to a newly discovered patent filing. The patent, spotted by WearView, describes a phone with a rollable screen and a movable rear camera module that shifts along with the expanding display.
Based on the sketches in the patent filing, as well as renders created by WearView, the device appears to feature a cutout on the rear panel to accommodate the camera module. GSM Arena
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