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MYSTERIOUS: 31 - You Need To See This

Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffs

Uber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligence. The move reflects a broader Silicon Valley trend as Big Tech firms including Amazon, Microsoft, Oracle and Meta restructure teams, automate work and accelerate AI adoption across operations.

The Economic Times

US teen withdraws social media addiction suit against Meta

LOS ANGELES - A US teenager has withdrawn his lawsuit against Meta, his lawyers announced Wednesday, closing out a closely watched case over social media's harms to children's mental health without a trial.

Bangkok Post

US teen drops Meta lawsuit on social media addiction days before trial

Withdrawn case marks a victory for the social media giant after earlier landmark loss at trial over addictive claims

The Guardian - US

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Meet ‘Memi,’ the $3 trillion memory boom powering small-caps, emerging markets, and Japan

Micron Technology, SK Hynix, and Samsung hit $1 trillion or more in market cap this year due to surging demand for memory chips.

Fortune

News Corp Is Suing Brave Over AI Scraping As a New Internet Battlefield Emerges

Publishers are increasingly choosing between lawsuits and licensing agreements as AI companies seek access to news content.

International Business Times

Where Can the Data Centers Go?

In a committee hearing yesterday, Alexandria Ocasio-Cortez complained about data centers' impacts on rural areas and industrial parks.

Reason

Analysts Hear Echoes Of Enron In AI Data Center Financing

Big Tech's AI data center boom is drawing Enron comparisons as analysts warn that off-balance-sheet debt and interconnected obligations could create new risks.

International Business Times

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AAPL Stock Alert: HSBC Gives Investors Fresh Reasons to Be Bullish on Apple Before Earnings

HSBC believes Apple may win the AI race without matching the massive spending of its tech rivals.

Barchart

CoreWeave Just Scored a New 'Buy' Rating. Here's Why.

CoreWeave stock inches higher as Truist initiates coverage with a 'Buy' rating. Here’s why the investment firm is bullish on CRWV shares.

Barchart

Instagram was down — Live updates on massive outage affecting DMs

There seems to be an issue with Instagram, as users are reporting problems on the popular social network.

Tom’s Guide

Meta’s Latest AWS Hire Makes Wedbush Bullish on Its Cloud Ambitions. How to Play META Stock Here.

Dave Brown was with Amazon for close to two decades and is now on his way to Meta to bolster its AI and cloud plans.

Barchart

Instagram down: Users report outage, messaging issues and app glitches worldwide, what is the reason?

Is Instagram Facebook Down Today 22 July Downdetector: Instagram and other Meta platforms are facing reported outages, with thousands of users flagging app glitches, messaging failures and loading issues. Downdetector recorded a sharp rise in complaints, while Meta has not yet confirmed the cause of the disruption. Users worldwide are…

The Economic Times

Meta shadow-bans Delhi protest content, throttles reach, complain users

Multiple users noted that Meta had marked Cockroach Janta Party (CJP) and politician Anish Gawande's posts as 'sensitive content'. For the past two days, social media has been filled with videos and photos of the clashes that broke out at the protest site with police using tear gas and lathicharges…

The Economic Times

France Just Took on TikTok, Facebook, Instagram and X With Europe’s Toughest Social Media Ban for Kids

France became the first European Union country to approve a blanket social media ban for children under 15 on Tuesday, as lawmakers moved to curb young users’ exposure to addictive design and harmful content.

Benzinga

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International Business Times UK

The Engineers Who Built AI Are Losing Their Jobs to It: More Than 800,000 Tech Jobs Lost Since 2022

AI advancements are displacing high-earning tech workers, even as industry revenues grow. driving concerns about job security, economic impacts, and the need for workforce reskilling.

Tom’s Hardware

AI tech companies have ‘hidden debt’ worth around $1.65 trillion, report claims — amount is 122% of debt reflected on the balance sheets of Alphabet, Amazon, Meta, Microsoft, and Oracle

Five tech giants have $1.65 trillion in data center obligations that are listed off their balance sheets. These liabilities are added as footnotes in their quarterly statements but will become due and payable once these data centers start operating.

Tom’s Guide

I just went hands-on with the new Samsung smart glasses — here’s why I’d pick them over Meta

I went hands-on with the new Samsung smart glasses launching this fall from Warby Parker and Gentle Monster and got the scoop on their design, durability, battery life and privacy protections from Samsung EVP James Choi.

TechRadar

'If, because of that, we stop innovation, we don’t go anywhere': we got a first look at Samsung Intelligent Eyewear, the smart glasses entering a fraught market worried about privacy

TechRadar got a first look at Samsung's new Intelligent Eyewear — its answer to the Meta Smart Glasses — and some insight into how the company approached the big privacy question.

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Tom’s Hardware

Meta to use custom AMD Instinct MI400 accelerators with 144GB of HBM4 for select workloads, report claims — could dramatically reduce cost at the expense of versatility

Meta will reportedly use a custom version of AMD's Instinct MI400-series accelerators with a memory system cut to 144GB of HBM4, allegedly for select workloads only.

The Economic Times

Meta employees' lawsuit shows that if AI fires you, proving it is the hard part

A Meta Platforms lawsuit claims AI tools unfairly targeted employees for layoffs. Workers face difficulties proving AI discrimination due to limited access to internal processes. Arbitration agreements often prevent collective legal action and public scrutiny of workplace disputes. These hurdles explain the scarcity of high-profile AI employment lawsuits. Meta denies…

The Economic Times

US Stock Market: Big tech's AI spending boom raises cash flow concerns despite early returns

America's biggest technology companies are beginning to generate meaningful AI-driven revenue, but surging infrastructure spending is putting free cash flow under pressure. Reuters' analysis of LSEG estimates shows capital expenditure is expected to outpace free cash flow by 2027, shifting investor focus toward AI monetisation and long-term returns.

The Economic Times

Meta’s automated system mistakenly banned CJP spokesperson Saurav Das’ account: Sources

Meta has restored the account of Cockroach Janta Party (CJP) spokesperson Saurav Das after it was mistakenly blocked by the company's automated moderation systems, ET has learnt. Sources said the suspension was an error triggered by automation, and the account was reinstated after the issue was identified on Wednesday.

Player One

Meta Horizons+ Subscriptions Now Include Xbox Game Pass Starter Edition—Here's What It Brings

Meta Horizons+ subscriptions will now include Xbox Game Pass Starter Edition. What does this mean for gamers and users of Meta Horizons+?

The Economic Times

US lawmakers urge Donald Trump to act against EU tech rules, suggest trade probes

In a letter, the lawmakers focused on the European Union's Digital Markets Act aimed at reining in the power of Amazon, Apple, Booking Holdings, TikTok owner ByteDance, Google, Meta Platforms and Microsoft. The lawmakers cited European businesses' unfettered access to the U.S. market as a comparison. The Commission said a…

Windows Central

Microsoft and Meta are teaming up to offer Xbox Game Pass with the Quest VR Horizon+ subscription — Xbox VR controller improvements coming too

For all 6 Meta Quest owners reading Windows Central today, Microsoft and Xbox have a new offering for you.

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Alexandria OcasioCortez

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