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• OpenAI

• Meta

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Economy & Finance

OpenAI

OpenAI, the company behind ChatGPT, is reportedly in talks to raise billions in a new funding round that could value the company at over $100 billion. The round is expected to be led by Thrive Capital, with a significant investment of around $1 billion, and Microsoft is also anticipated to contribute. The funding would further boost OpenAI's rapid growth following the success of ChatGPT.

Technology

Meta

Meta Platforms may face up to $3.62 million in fines after a Brazilian court ruled it must block fraudulent ads using Havan's name. The department store chain sued Meta for allowing deceptive ads that misused its brand, and the court mandated Meta to act within 48 hours or face increased penalties. Havan's lawsuit accused Meta of profiting from these ads without verifying their authenticity, leading to legal issues for the retailer. Meta, which has declined to comment, can appeal the ruling.

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