Chris Liu
The Latest
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Largest U.S. Water Utility American Water Hit by Cyberattack; Customer Billing Suspended During Investigation
American Water, the largest regulated water and wastewater utility company in the United States, disclosed on Monday that it was the target of a cyberattack, forcing the company to halt its billing services while it investigates the breach. The New Jersey-based utility, which serves over 14 million people across 14 states and 18 military installations, reported that it discovered the unauthorized activity last Thursday and immediately took steps to secure its systems. 
American Water, the largest regulated water and wastewater utility company in the United States, disclosed on Monday that it was the target of a cyberattack, forcing the company to halt its billing services while it investigates the breach. The New Jersey-based utility, which serves over 14 million people across 14 states and 18 military installations, reported that it discovered the unauthorized activity last Thursday and immediately took steps to secure its systems. -
EU Court Rules Meta Must Limit Use of Personal Data for Targeted Ads
Meta Platforms, the parent company of Facebook, suffered a major legal blow on Friday when the European Union's top court ruled that the company must limit its use of personal data for targeted advertising. The ruling, handed down by the Court of Justice of the European Union (CJEU), marks a significant victory for privacy activist Max Schrems, whose legal battles against Meta have helped shape EU privacy law under the General Data Protection Regulation (GDPR). 
Meta Platforms, the parent company of Facebook, suffered a major legal blow on Friday when the European Union's top court ruled that the company must limit its use of personal data for targeted advertising. The ruling, handed down by the Court of Justice of the European Union (CJEU), marks a significant victory for privacy activist Max Schrems, whose legal battles against Meta have helped shape EU privacy law under the General Data Protection Regulation (GDPR). -
OpenAI Raises $6.5 Billion in Landmark Funding, Valuation Skyrockets to $157 Billion Amid Fierce AI Competition
OpenAI, one of the most talked-about companies in the tech industry, has closed a massive funding round, raising over $6.5 billion and boosting its valuation to an eye-popping $157 billion. This new injection of capital, led by Thrive Capital and including contributions from heavyweights like Microsoft, Nvidia, and SoftBank, will fuel the company's ambitious efforts to remain at the forefront of generative artificial intelligence. 
OpenAI, one of the most talked-about companies in the tech industry, has closed a massive funding round, raising over $6.5 billion and boosting its valuation to an eye-popping $157 billion. This new injection of capital, led by Thrive Capital and including contributions from heavyweights like Microsoft, Nvidia, and SoftBank, will fuel the company's ambitious efforts to remain at the forefront of generative artificial intelligence. -
Character.ai Quits AI Model Race After $4 Billion Google Deal, Shifts Focus to Consumer Chatbot Platform
Character.ai, a popular chatbot platform, has dramatically shifted its business strategy following a significant deal with Google, opting to step away from developing large language models. The San Francisco-based startup, known for its traction among young users, will now concentrate on enhancing its consumer-facing platform, according to interim CEO Dominic Perella. 
Character.ai, a popular chatbot platform, has dramatically shifted its business strategy following a significant deal with Google, opting to step away from developing large language models. The San Francisco-based startup, known for its traction among young users, will now concentrate on enhancing its consumer-facing platform, according to interim CEO Dominic Perella. -
Verizon’s Network Restored Post-Outage, but Customers Frustrated by Lack of Communication
In a significant disruption affecting nearly 50,000 members of the International Longshoremen's Association (ILA), Verizon confirmed that its network has been fully restored after a nationwide outage that left many customers unable to make or receive calls for much of the day. The outage, which began shortly after 9 a.m. ET on Monday, caused widespread frustration as users reported their phones stuck in "SOS mode," indicating connectivity issues that limited their ability to communicate except for emergency calls. 
In a significant disruption affecting nearly 50,000 members of the International Longshoremen's Association (ILA), Verizon confirmed that its network has been fully restored after a nationwide outage that left many customers unable to make or receive calls for much of the day. The outage, which began shortly after 9 a.m. ET on Monday, caused widespread frustration as users reported their phones stuck in "SOS mode," indicating connectivity issues that limited their ability to communicate except for emergency calls. -
With $1.5 Billion Loan, Michigan’s Palisades Aims for Historic Nuclear Reactor Restart by 2025
The Palisades nuclear plant in Michigan has taken a significant step toward becoming the first nuclear reactor in U.S. history to restart operations after a shutdown. On Monday, the Department of Energy (DOE) announced that Palisades has secured a $1.5 billion federal loan to support the ambitious revival, which is being driven by Holtec International, the plant's owner. 
The Palisades nuclear plant in Michigan has taken a significant step toward becoming the first nuclear reactor in U.S. history to restart operations after a shutdown. On Monday, the Department of Energy (DOE) announced that Palisades has secured a $1.5 billion federal loan to support the ambitious revival, which is being driven by Holtec International, the plant's owner. -
Verizon Faces Major Outage, Millions Stuck in SOS Mode as Connectivity Issues Persist
Verizon experienced a widespread outage on Monday, leaving millions of customers across the United States unable to use their mobile phones. The outage, which began early in the morning, led to phones displaying "SOS mode" - a feature that only allows users to make emergency calls. As reports flooded in from across the country, frustrated users took to social media to voice their concerns about being unable to make calls or send messages, with many calling for compensation for the disruption. Verizon experienced a widespread outage on Monday, leaving millions of customers across the United States unable to use their mobile phones. The outage, which began early in the morning, led to phones displaying "SOS mode" - a feature that only allows users to make emergency calls. As reports flooded in from across the country, frustrated users took to social media to voice their concerns about being unable to make calls or send messages, with many calling for compensation for the disruption. -
Apple Confirms Exit from OpenAI’s $6.5 Billion Funding Round as Microsoft Boosts Investment
Apple has reportedly withdrawn from negotiations to participate in OpenAI's latest $6.5 billion funding round, according to a recent Wall Street Journal report. This decision marks a notable development in the ongoing AI arms race, as Apple was initially expected to join major tech companies such as Microsoft and Nvidia in investing in OpenAI, the creator of ChatGPT. The funding round, which could value OpenAI at over $100 billion, is set to close next week. 
Apple has reportedly withdrawn from negotiations to participate in OpenAI's latest $6.5 billion funding round, according to a recent Wall Street Journal report. This decision marks a notable development in the ongoing AI arms race, as Apple was initially expected to join major tech companies such as Microsoft and Nvidia in investing in OpenAI, the creator of ChatGPT. The funding round, which could value OpenAI at over $100 billion, is set to close next week. -
Binance Founder Changpeng Zhao Released from U.S. Custody After Prison Sentence
Binance founder Changpeng "CZ" Zhao has been released from a California correctional facility, according to reports from Bloomberg News. His release comes just two days ahead of his scheduled date, which was initially set for September 29. The U.S. Bureau of Prisons confirmed that early releases are common when the official date falls on a weekend or holiday, as in this case. 
Binance founder Changpeng "CZ" Zhao has been released from a California correctional facility, according to reports from Bloomberg News. His release comes just two days ahead of his scheduled date, which was initially set for September 29. The U.S. Bureau of Prisons confirmed that early releases are common when the official date falls on a weekend or holiday, as in this case. -
OpenAI Eyes $11.6 Billion Revenue Despite $5 Billion Loss in 2024 as Funding Round Nears $150 Billion Valuation
OpenAI, the artificial intelligence company behind ChatGPT, is anticipating a significant financial loss this year, projecting losses of about $5 billion on revenues of $3.7 billion, according to sources close to the company. Despite the heavy losses, OpenAI's growth trajectory remains steep, with revenue expected to surge to $11.6 billion next year, CNBC confirmed on Friday. 
OpenAI, the artificial intelligence company behind ChatGPT, is anticipating a significant financial loss this year, projecting losses of about $5 billion on revenues of $3.7 billion, according to sources close to the company. Despite the heavy losses, OpenAI's growth trajectory remains steep, with revenue expected to surge to $11.6 billion next year, CNBC confirmed on Friday.
