Meta Platforms shares dropped 7% after two verdicts found the company liable for harm to young users. This sparked fears that the social media giant may need to overhaul the design practices that underpin its sprawling advertising business.

OpenAI’s ChatGPT advertising pilot in the United States has surpassed USD 100 million in annualised revenue within six weeks of its launch. A company spokesperson highlighted robust early demand for the AI startup’s new advertising business.

China is intensifying efforts to establish Beijing and other major city clusters as international technological innovation centres, a move supporting the nation's drive for tech self-sufficiency. Vice-Premier Ding Xuexiang announced this initiative at the Zhongguancun Forum in Beijing.

Arm Holdings announced a new artificial intelligence data centre chip, the AGI CPU, marking a significant shift in the company's strategy. This new chip is expected to add billions of USD in annual revenue.

Jeff Bezos is reportedly in early discussions to raise USD 100 billion for a new fund. This fund aims to acquire manufacturing companies and integrate artificial intelligence to enhance automation, the Wall Street Journal reported.

Microsoft is considering legal action against its partner OpenAI and Amazon regarding a USD 50 billion deal. This action stems from concerns the agreement could violate Microsoft’s exclusive cloud arrangement with OpenAI, the creator of ChatGPT.

A JPMorgan-led group of banks has begun marketing a USD 5.75 billion loan to investors. This loan is intended to help finance the leveraged buyout of Electronic Arts, a video game publisher.

Moonshot AI seeks to raise as much as USD 1 billion in an expanded funding round. This would value the Chinese start-up at approximately USD 18 billion, more than quadrupling its valuation in three months. The move highlights growing interest in Chinese artificial intelligence developers.