Tech
tech
Rani Molla
8/18/25

Government launches two probes into Meta’s AI chatbots

Meta is facing two government probes over its AI chatbots, following a Reuters report last week showing they engaged in “sensual” conversations with children. Today, Texas Attor­ney Gen­er­al Ken Pax­ton accused Meta as well as Character.AI of deceptive trade practices and of marketing themselves as mental health tools.

“These platforms may be utilized by vulnerable individuals, including children, and can present themselves as professional therapeutic tools, despite lacking proper medical credentials or oversight,” Paxton wrote in a press release.

On Friday, Josh Hawley, Missouri senator and chair of the Senate Judiciary Subcommittee on Crime and Counterterrorism, announced a probe into “whether Meta’s generative-AI products enable exploitation, deception, or other criminal harms to children, and whether Meta misled the public or regulators about its safeguards.” The move followed Metas confirmation of its “GenAI: Content Risk Standards” document.

Meta is down 2% today.

On Friday, Josh Hawley, Missouri senator and chair of the Senate Judiciary Subcommittee on Crime and Counterterrorism, announced a probe into “whether Meta’s generative-AI products enable exploitation, deception, or other criminal harms to children, and whether Meta misled the public or regulators about its safeguards.” The move followed Metas confirmation of its “GenAI: Content Risk Standards” document.

Meta is down 2% today.

More Tech

See all Tech
tech

Apple announces extra-slim iPhone Air, iPhone Pro with longer battery life, updated AirPods Pro 3 with live language translation, and refreshed Apple Watch line

At today's "Awe dropping" Apple event, the company announced its yearly refresh of the iPhone lineup. The new iPhone 17, iPhone 17 Pro and iPhone 17 Pro Max were joined by a brand new iPhone — the iPhone Air — a super-thin model with tougher glass, and faster processors.

Apple shares dipped on news of the products releases and is down about 1.4% on the day in afternoon trading.

The company also announced an updated Apple Watch line — Series 11, SE3, and Ultra 3 —with new features like 5G, high blood pressure detection, 24 hour battery life and satellite communication. 

Apple iPhone 17
Apple’s iPhone 17 (Photo: Apple)

Here’s a breakdown of the new products Apple announced.

  • The ultra-thin iPhone Air that was described by Apple as “A paradox you have to hold to believe”. The sleek 5.6mm thin iPhone features a crack and scratch resistant front and back, “Macbook Pro-levels of compute,” which you can pair with a weird $59 “crossbody strap.” Starts at $999

  • The iPhone 17 has a faster A19 chip, an improved smart selfie camera, and a higher-resolution screen. Starts at $799

  • The iPhone 17 Pro has a new design, ever-faster A19 Pro chip, a tougher "ceramic shield" on the front and back, better cameras and and a bigger battery that gets an extra 10 hours of video playback compared to its predecessor. It costs $100 more than the previus generation, but the minimum storage has doubled to 256GB. Starts at $1,099.

  • iPhone 17 Pro Max Starts at $1,199

  • AirPods Pro 3 with AI-powered live translation, a new hear rate sensor, and 8 hours of battery life with improved active noise cancellation. The new AirPods can also track workouts, and Apple says they are built to fit more peoples’ ears with a new design and new foam ear tips. $249

  • Apple Watch Series 11 which has 5G, a new high blood pressure detection feature, improved sleep tracking, a more scratch-resistant face and 24 hours of battery life.

  • The entry level Apple Watch SE 3 gets 5G, new health tracking features and an always-on display. Starts at $249.

  • The chunky Apple Watch Ultra 3 has an impressive 42-hour battery life, satellite communications for emergencies, and a brighter and bigger display. Starts at $799.

tech

Nebius soars after signing a 5-year deal with Microsoft to supply nearly $20 billion worth of AI computing power

Artificial intelligence infrastructure group Nebius jumped more than 50% in early trading on Tuesday after the company announced after the close on Monday a major deal to supply computing power for Microsoft’s AI operations.

Under the agreement, Nebius — which rose from the ashes of Russian tech giant Yandex — will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The New Jersey data center has a capacity of 300 megawatts. The total contract value through 2031 is $17.4 billion, though, if further capacity is required, the contract value could rise to $19.4 billion.

The deal represents a sizable portion of Microsofts proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.

Nebius and competitor CoreWeave are both on the short list of startups that Nvidia has invested in. Nvidia’s small stake in the former is now worth about $120 million.

Under the agreement, Nebius — which rose from the ashes of Russian tech giant Yandex — will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The New Jersey data center has a capacity of 300 megawatts. The total contract value through 2031 is $17.4 billion, though, if further capacity is required, the contract value could rise to $19.4 billion.

The deal represents a sizable portion of Microsofts proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.

Nebius and competitor CoreWeave are both on the short list of startups that Nvidia has invested in. Nvidia’s small stake in the former is now worth about $120 million.

President Trump hosts tech executives and their guests to a dinner at the White House in the Oval Office.

Here are the Trump ties among the tech leaders who had dinner at the White House

Many of the attendees have donated to, vocally supported, or even worked for the president.

tech

Tesla’s EV market share declined to 38% in August

In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.