The jury also found that Meta and Google could face punitive damages, with a separate phase of the trial to determine how much they should pay.

The decision comes just one day after a New Mexico judge ordered Meta to pay $375 million in civil penalties, saying it violated state consumer protection laws by enabling child sexual exploitation.

JetBlue’s attempt to acquire budget rival Spirit was blocked by the Biden administration in 2024.

Today he brings them in even closer. The White House announced that Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and close pal and Oracle cofounder Larry Ellison will join a new President’s Council of Advisors on Science and Technology, along with 10 other tech leaders including Dell founder Michael Dell and Google cofounder Sergey Brin.

According to the White House, the group will “focus on topics related to the opportunities and challenges that emerging technologies present to the American workforce, and ensuring all Americans thrive in the Golden Age of Innovation.”

The full list of appointees:

Per Google’s extremely technical release, TurboQuant is an algorithm that allows for a data technique called “vector quantization” to be used while addressing the issue of so-called “memory overhead,” allowing data in AI models to be compressed without reductions in accuracy or requiring retraining, while reducing the memory storage requirements at data centers.

And that outlook seems to be enough for the market to be sending memory stocks down for the day.

Shares of the fund, which uses the ticker VCX, closed at $314.99 on Tuesday and rose to $533 by Wednesday morning — a nearly 70% jump for the day and a more than 1,500% increase in the value of its stock since it went public on March 19.

Fundrise’s vertiginous price action underscores just how hungry retail investors are for exposure to high-flying private companies, even at increasingly eye-watering implied valuations.

Nvidia, Intel, Advanced Micro Devices, ON Semiconductor, Microchip Technology, and NXP Semiconductors all got a bump from Arm’s rosy revisions to its outlook.

Why? Basically, the speech that Arm CEO Rene Haas delivered at its Arm Everywhere event in San Francisco supports the idea that “agentic AI is expanding the TAM for server CPUs which should drive server unit growth upside,” as HSBC semiconductor stock analyst Frank Lee put it in a note Wednesday.

In other words, the rise of AI will equate to a permanent step up in chip demand from AI data center servers — also known as an increase in the total addressable market, or TAM. So, you know, higher chip stock prices.

Cipher Digital also attained a $200 million revolving credit facility with an additional accordion option of up to $50 million, of which the total proceeds will be used to boost liquidity, support working capital, and fund growth initiatives. 

“This transaction marks Cipher’s first syndicated revolving credit facility and represents a major step in the evolution of our capital structure,” CFO Greg Mumford said in a statement. “We believe this facility highlights the continued strength and maturation of our business, as well as the growing confidence in our long-term strategy from premier financial institutions.” 

Last month, the firm rebranded from “Cipher Mining” to “Cipher Digital” to reflect the change of its focus from bitcoin mining to HPC data center development.

EchoStar is set to collect roughly $20 billion on the deal, with as much as $11 billion to be paid in SpaceX stock.

The prospect of EchoStar potentially providing backdoor access to investing in SpaceX has attracted the attention of traders, and helps explain why the shares are up more than 300% over the last 12 months.

But as we’ve mentioned before, EchoStar doesn’t exactly own the shares yet, as the spectrum transactions remain pending. So, while the stock is up and the SpaceX IPO appears on track, as the old saying goes, don’t count your satellite spectrum for pre-public offering equity chickens before they’ve hatched.

A nearly six-figure EV that you could play “The Last of Us” in doesn’t exactly sound like a bestseller in the current electric vehicle landscape, but the announcement is still surprising given how far along the joint venture was. The JV had a ribbon-cutting ceremony to mark the grand opening of its delivery hub in California on March 21. At the Consumer Electronics Show in January, the JV teased a crossover SUV prototype as a second model.

In Honda’s EV write-down announcement earlier this month, the automaker canceled three models planned for production in the US.

That means some top executives, like CTO Andrew Bosworth and CFO Susan Li, could gain hundreds of millions of dollars if the shares reach those levels, pointing to a roughly $9 trillion valuation by 2031. CEO Mark Zuckerberg is not part of the program, the company confirmed.

The company’s expenses grew 40% in the fourth quarter from a year earlier, largely driven by employee compensation after shelling out heavily to recruit AI talent. The latest plan suggests those costs could climb even further.

Speaking at an event in San Francisco, Arm CEO Rene Haas said the new chip alone is expected to generate $15 billion in annual revenue by 2031. Meanwhile, he said that the company expects intellectual property sales, currently its main revenue driver, to hit $10 billion by then.

In total, Arm projects it will hit $25 billion in annual sales in five years, compared to the $4.9 billion analysts expect it to report for its current fiscal year, which ends this month. It also expects to report $9 in earnings per share by then, compared to the $1.75 Wall Street is penciling in for FY2026.