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Meta defeats Instagram shopping monopoly lawsuit for now

US Magistrate Judge Virginia DeMarchi in San Jose, California, on Friday dismissed claims brought by London-based Ollywan, which had alleged last year that Meta copied its concept for a "tag-based" shopping platform before launching Instagram Shopping ‌in 2016.

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Jio Platforms gets SEBI nod to launch IPO

The public issue could raise around $4 billion (approximately ₹37,700 crore), making it potentially the largest public issue in the country.

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OpenAI says Indian advertisers to get direct access to ChatGPT Ads as ad business hits $1 billion ARR

OpenAI said self-service access to ChatGPT Ads will begin in India later on Monday, along with Europe, the Middle East and North Africa. The expansion will allow businesses in India, including small and medium-sized companies and startups, to directly use OpenAI's advertising platform to reach ChatGPT users.

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Ultrahuman raises $60 million to expand smart ring business

The $60 million Ultrahuman raised in its Series C funding led by Qualcomm will be used to accelerate growth & market expansion as the wearable tech space heats up with Deepinder Goyal's Temple entering the longevity sphere. The post Ultrahuman raises $60 million to expand smart ring business appeared first on MEDIANAMA.

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AI boom heats up Bay Area housing market as wealthy buyers drive demand for high-end homes across US

High-income earners, many of them employees at AI companies, are snapping up multimillion-dollar houses in the San Francisco Bay Area, undaunted by the higher mortgage rates and rising home prices that have prevented many would-be buyers from affording a home.

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