The Next Web (1 hour ago)
A New Mexico judge has ordered Meta to pay a $25B civil penalty for misleading Facebook users about privacy and hate speech, Bloomberg reported. A jury found more than 43 million violations of state law in September. The state wanted up to $40B, and Meta plans to appeal.
Read the full story on The Next Web.
Meta says it’s issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday, the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027.
Meta Muse users are adopting the app for shopping and personal productivity, the company said during Q3 earnings. The AI app now has over 10M users.
Anthropic subscribers in the US can join a waitlist to try the company’s new agent.
Never let a good crisis go to waste.
Anthropic today introduced Claude Duet, its answer to Meta’s Muse agent and OpenAI’s Dots agent. Like Dots and Muse, it is a proactive agent that “reaches out before you ask.” Claude Duet connects to your apps and suggests things that need your attention.
Anthropic is today revealing Claude Duet, its new AI agent that rivals Muse, OpenAI Dots, but it’s not widely available just yet. more…
Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday. The Getty family and Koch Equity Development will put in up to $533M and own the whole company, which expects to finish the process by year-end.
Flapping Airplanes, a San Francisco AI research lab founded in late 2025, has raised $1B at a $6B valuation, led by Index Ventures and Lux Capital, Bloomberg reported. Its valuation has quadrupled since January. It is working on ways to train AI with less data and compute, and has no product yet.
Electronic Arts will close BioWare, the studio behind Mass Effect and Dragon Age, and cut about 400 jobs, roughly 3% of staff, Bloomberg reported. The next Mass Effect game and a planned Sims project are cancelled. EA went private in a $55B buyout in August.
Eindhoven-based Photon Bridge has raised €10M, co-led by the Amadeus APEX Technology Fund and 360 Capital, to build laser light sources for the optical links inside AI data centres. It plans first samples in 2027 and volume production from 2028.
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