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This photograph shows a handheld smartphone displaying the icons of some of the main artificial intelligence-based apps, including LLMs and chatbots, including Meta AI, on July 15, 2026. (File photo: AFP)

US teen withdraws lawsuit against Meta over social media addiction

The withdrawal ends the case days before it was due to go before a Los Angeles jury on July 27 -- a trial that would have made Meta the sole defendant after YouTube, TikTok and Snap reached confidential settlements.

July 22, 2026

Meta shares surge on report of new AI cloud business

Bloomberg says Meta is developing plans to compete directly with Amazon Web Services, Microsoft Azure, and Google Cloud by monetizing the excess computing capacity it has built while racing to develop artificial intelligence.

July 1, 2026