Tech

Meta ordered to pay $567 million in New Mexico child safety case

A New Mexico judge has ordered Meta to pay $567 million and implement sweeping new safeguards for young users of Facebook and Instagram, delivering the largest additional financial penalty yet imposed on the tech company in the child-safety litigation.

Samsung secures more than $200 billion Broadcom AI chip deal through 2030

Samsung Electronics has signed a memorandum of understanding (MOU) with U.S. chip designer Broadcom to expand their strategic partnership, with the collaboration expected to exceed $200 billion through 2030.

Nvidia, SK Group launch $500 billion AI partnership centered on next-generation memory

SK Group and Nvidia expand strategic collaboration with a $500-billion-plus initiative spanning AI factories and next-generation memory.

China launches World AI Cooperation Organization with 29 founding nations

Twenty-nine countries have signed an agreement establishing the World Artificial Intelligence Cooperation Organization (WAICO), creating a new intergovernmental body headquartered in Shanghai

World’s first large-scale 100% Hydrogen Engine tested to supply power to Spanish grid

Finnish energy technology company Wartsila has successfully operated what it describes as the world's first large-scale engine powered entirely by hydrogen to supply electricity to Spain’s national grid

Space Force awards SpaceX $4.16 billion to build satellite network for airborne target tracking

U.S. Space Force has awarded SpaceX a $4.16 billion contract to develop a constellation of satellites designed to track airborne targets from orbit

Key takeaways from historic Trump-Xi China summit

U.S. President Trump met with Chinese leader Xi Jinping in Beijing this week, his second state visit to China and the first U.S. presidential visit to the country in nearly nine years.

Turkish defense firms sign $8 billion deals at SAHA 2026 Expo

Turkish defense companies signed nearly $8 billion in export contracts within the first three days of the SAHA 2026 International Defense and Aerospace Exhibition

Meta to lay off 8,000 employees amid surge in AI spending

Meta has announced it will lay off approximately 8,000 employees, about 10% of its global workforce, as part of a broader restructuring driven by its expanding focus on AI

Hypersonica targets Europe’s first sovereign hypersonic strike capability by 2029

German-British defense startup Hypersonica is building Europe’s sovereign hypersonic strike capability
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Colombia Earthquake death toll rises to 287 as rescuers race to find survivors

The death toll from Colombia's powerful earthquake rose to at least 287 by Aug. 14, as rescuers continued searching collapsed buildings for survivors four days after the 7.4-magnitude quake struck western Colombia.
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