Facebook settles US worker discrimination claims

Published

4 years ago

October 20, 2021

Facebook has settled a major discrimination case, agreeing to pay a record $14.5m to settle claims made by US workers

The world’s biggest social media giant, Facebook, has agreed to pay a record $14.5m to settle claims it discriminated against U.S. workers in its hiring practice.

The United States Department of Justice claimed that the tech giant often overlooked US workers in favour of foreign ones on temporary visas.

It is the biggest penalty of its kind issued by the Department of Justice’s Civil Rights Division.

Facebook said it “strongly believes” it met the federal government’s standards

“Facebook is not above the law, and must comply with our nation’s federal civil rights laws, which prohibit discriminatory recruitment and hiring practices,”
said Assistant Attorney General Kristen Clarke of the DOJ.

“Companies cannot set aside certain positions for temporary visa holders because of their citizenship or immigration status.”

The tech sector in the United States often uses temporary visas, including the H-1B, to bring highly skilled foreign guest workers to America.

Tech giants argues those foreign workers are vital, because there are not enough American science and engineering graduates to fill the jobs available in areas such as artificial intelligence.

However, critics say the laws governing temporary visas are lax, and make it too easy to replace U.S workers with cheaper foreign labour – something US law prohibits.

Nvidia and Amazon explore massive OpenAI funding round

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

Published

11 hours 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

3 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

6 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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