Italy has launched an unprecedented VAT refund lawsuit targeting major American tech players—Meta, X, and LinkedIn. According to four sources familiar with the situation, the case could have far-reaching consequences for the European Union’s tax policy.
Recently, Instagram users in the United States experienced significant disruptions on the popular social media platform. However, according to Downdetector.com, a service that monitors website outages, the issue has largely been resolved. This reflects the efficiency of Meta, the company that owns Instagram, in addressing technical challenges.
In a development that could have significant implications for employment practices within the tech industry, Meta Platforms $META , the parent company of Facebook and Instagram, is set to face a trial. The case centers on accusations that Meta systematically favors hiring foreign workers, allegedly due to their lower salary expectations compared to American employees.
Meta Platforms $META , the tech giant behind social media powerhouse Facebook, is reportedly considering a massive expansion in its data center infrastructure to support its growing artificial intelligence (AI) initiatives. According to sources cited by The Information, the potential cost of this expansion could exceed an astonishing $200 billion.
Positron, a startup focused on chip manufacturing, has entered a new phase by securing $23.5 million in funding. This amount will be allocated to scaling up the production of its US-manufactured chips to compete with giants like Nvidia $NVDA. The investment round saw participation from Valor Equity Partners, Atreides Management, Flume Ventures, and Resilience Reserve.
Advanced Micro Devices, Inc. $AMD is drawing significant attention from investors ahead of its fourth-quarter earnings report. The chipmaker's strategy in the field of artificial intelligence is of great interest amidst Nvidia's $NVDA dominance and the shift by major tech companies toward developing custom chips.
