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Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000

NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite edged up by less than 0.1%. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields inched higher in the bond market.… Continue Reading

Mark Zuckerberg faces deposition in AI copyright lawsuit from Sarah Silverman and other authors

SAN FRANCISCO (AP) — Meta CEO Mark Zuckerberg will be deposed as part of a lawsuit brought by authors including comedian Sarah Silverman accusing the company of copyright infringement to train its artificial intelligence technology. U.S. District Judge Thomas Hixson rejected Meta’s bid to bar the deposition of Zuckerberg, pointing to evidence that he is the “principal decision maker” of the company’s AI platforms. Meta had argued that Zuckerberg doesn’t have unique knowledge of the company’s AI operations and that the same information could be obtained from depositions with other employees.… Continue Reading

Meta unveils cheaper VR headset, AI updates and shows off prototype for holographic AR glasses

MENLO PARK, California (AP) — Meta has unveiled updates to the company’s virtual reality headset and Ray Ban smart glasses along as it tries to demonstrate its artificial intelligence prowess and the next generation of computing platforms beyond smartphones and computers. CEO Mark Zuckerberg also showed off Orion, a prototype for holographic augmented reality glasses he called the most advanced glasses the world has ever seen.… Continue Reading