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Company also announced a paid service for early access to president’s posts on policies to the social media siteDonald Trump’s media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter.Trump Media & Technology on Monday reported that losses in the three months through June came as the company branched into new ventures including crypto. The company’s new chief executive, Kevin McGurn, announced at a conference call

Meta CEO presents utopian vision of AI in 6,000-word essay amid Silicon Valley debate over government regulationMark Zuckerberg published a lengthy essay on Monday detailing his views on artificial intelligence and announced several plans for how Meta would develop the technology in the future. The CEO’s essay went online the same day as Meta released a new, open-source AI model that seeks to rival Anthropic and OpenAI’s products called Muse Glimmer.Over the course of more than 6,000 w

Justice department says it decided to abandon fraud and bribery case in which Adani Group has denied wrongdoingA US judge on ⁠Monday dismissed criminal charges against the Indian ⁠billionaire Gautam Adani, after ​the justice department said it had decided to abandon the fraud and bribery case.The Brooklyn-based district judge Nicholas Garaufis’s decision to grant federal prosecutors’ rare attempt to ⁠toss the case came after he inquired into their reasons for doing so, including by ask

A bipartisan group argue in lawsuit that $110bn merger would hurt competition and lead to thousands of job lossesA bipartisan group of US state attorneys general are seeking to block the $110bn merger of Paramount Skydance and Warner Bros Discovery, arguing in a lawsuit filed on Monday that it would hurt competition and lead to higher prices for consumers.The coalition behind the lawsuit is led by the California attorney general, Rob Bonta, who has been a staunch critic of the merger s