Rhode Island Attorney General sues Meta over alleged scam ad profits

Attorney General Peter Neronha filed a suit in Providence Superior Court accusing Meta of earning billions from scam advertisements. The complaint requests civil penalties, consumer restitution, and recovery of illicit profits. The filing was reported by both Economic Times Tech and Mint Business.

Nvidia invests $14M in Simplismart to improve AI model efficiency

Nvidia has provided a $14 million investment to Simplismart to help the startup make AI models run more efficiently. Simplismart reports its annualized revenue run rate increased fourteenfold over six months, with the United States contributing over half of its revenue. The funding round was covered by Crypto Briefing and TechCrunch.