Tech

Meta reaches privacy settlement, denies any wrongdoing

Published

3 years ago

August 24, 2022

Meta reaches privacy settlement, agreeing to pay $37.5 million in compensation

There are new reports Meta, the parent company of Facebook, Instagram and WhatsApp, has reached a $37.5 million privacy settlement.

Filed earlier this week in San Francisco’s Federal Court, the settlement is in response to a class action accusing Facebook of violating both California state law and its own privacy policy.

Meta allegedly collected consumer data despite users shutting off location services on their mobile devices.

Whilst agreeing to pay, Meta continues to deny any wrongdoing as the deal awaits a judge’s final approval.

In 2018, then-Facebook CEO Mark Zuckerberg admitted that location data was used to help advertisers reach their target audiences.

Zuckerberg said the data was useful to assist advertisers in serving more targeted promotions to users within a specific geographic area.

While some people find this feature helpful, others have complained that the move is highly invasive.

Much has changed in the world of user data collection since this lawsuit was first lodged. Apple now allows consumers to turn off the ability for apps, like Facebook, to track activity. While Facebook is also allowing users to clear their history on the app.

Of course, people who have switched off these functions have impeded advertisers’ capability in accurately measuring ad performance.

It remains unclear if Meta has reached this settlement in a bid to make this case to disappear or if it is acknowledgement of former poor practices that have now been rectified.

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Dr Karen Sutherland

Dr Karen Sutherland is a Senior Lecturer at the University of the Sunshine Coast where she designs and delivers social media education and research. Dr Sutherland is also the Co-Founder and Social Media Specialist at Dharana Digital marketing agency focused on helping people working in the health and wellness space.

Tech

Nvidia and Amazon explore massive OpenAI funding round

Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup

Published

1 day ago

February 2, 2026

Harvey Vargas

Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup

In Short:
– OpenAI aims to raise up to $100 billion, with Amazon considering a $50 billion investment.
– Funding will support Project Stargate and address projected losses of $14 billion by 2026.

Nvidia’s CEO has confirmed the company will participate in a major funding round for OpenAI, though the previously mentioned $100 billion commitment is not final.

This investment comes as OpenAI seeks to raise up to $100 billion, potentially valuing the AI startup at around $830 billion. Amazon is also reportedly in discussions to contribute up to $50 billion.

The funding is intended to support OpenAI’s ambitious $500 billion Project Stargate, aimed at pushing the boundaries of artificial intelligence.

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News

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

4 days ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Tech

Memory shortages and rising prices could persist through 2027

Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.

Published

7 days ago

January 27, 2026

Harvey Vargas

Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.

Memory chips critical to consumer electronics and AI data centres remain in tight supply, keeping prices elevated despite production expansion by major players including Samsung and Micron.

Lenovo warns higher memory costs will hit budget devices first, even as PC demand stays strong from Windows 11 upgrades.

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