Shaq to pay $1.8 million to settle FTX investor lawsuit

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Shaquille O’Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025. Jesse D. Garrabrant | National Basketball Association | Getty Images Shaquille O’Neal has agreed […]


Scale AI promotes strategy chief Droege to CEO as Wang heads for Meta

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FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | Reuters Scale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as part of a multibillion-dollar deal with the company, CNBC […]


Meta files lawsuit against developer of CrushAI ‘nudify’ app

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Facebook CEO Mark Zuckerberg departs E. Barrett Prettyman United States Court House on April 14, 2025 in Washington, DC. Andrew Harnik | Getty Images Meta is suing a company that ran ads on its services to promote an app that lets people create non-consensual, sexualized images of others using AI technology, the social media company […]


Chime prices IPO at $27 per share, valuing fintech at $11.6 billion

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Chime Visa Credit Card Source: Chime Chime priced its IPO at $27 per share on Wednesday, above the expected range, in an offering that values the provider of online banking services at $11.6 billion The company raised roughly $700 million in the IPO, with another $165 million worth of shares being sold by existing investors. […]


Nintendo sees record 3.5 million sales of its Switch 2 console

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Nintendo Switch 2 controllers are displayed during at the Nintendo New York store on June 4, 2025, for a launch event ahead of the video game hybrid console’s midnight release. David Dee Delgado | AFP | Getty Images Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four […]


As Energy Costs Surge, Eastern Governors Blame a Grid Manager

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For decades, a little-known nonprofit organization has played a central role in keeping the lights on for 65 million people in the Eastern United States. Even some governors and lawmakers acknowledge that they were not fully aware of how much influence the organization, PJM, has on the cost and reliability of energy in 13 states. […]


As Temu, Shein pivot to Europe, they again meet regulatory scrutiny

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U.S. consumer spending on Temu fell about 36% in May compared to a year earlier, while it fell 13% over the same period on Shein, according to trend data from Consumer Edge. Nurphoto | Nurphoto | Getty Images Temu and Shein are pivoting to Europe as their business in the U.S. takes a major hit […]


Waymo vehicles set on fire

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A row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025. Benjamin Hanson | Afp | Getty Images Several Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump’s immigration crackdown. A spokesperson for the […]


Sam Altman brings World eye-scanning ID verification startup to UK

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Sam Altman’s identity verification venture World is launching its eye-scanning Orb product in the U.K. World LONDON — World, the biometric identity verification project co-founded by OpenAI CEO Sam Altman, is set to launch in the U.K. this week. The venture, which uses a spherical eye-scanning device called the Orb to scan people’s eyes, will […]


Apple’s AI strategy comes into question

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One year ago, Apple announced Apple Intelligence, its response to the wave of sophisticated chatbots and systems kicked off by the arrival of ChatGPT and the age of generative AI. Analysts said Apple’s installed base of more than 1 billion iPhones, the data on its device and its custom-designed silicon chips were advantages that would […]