The state’s Attorney General Peter Neronha filed the suit in Providence Superior Court, accusing Meta of making billions in profits from scam ads, while simultaneously telling users it was working hard to protect them. The suit cites reporting on leaked Meta documents from Reuters that said: > ... it was earning ​far more from high-risk scam ads than it expected to pay in fines for allowing them. > According to those documents, Meta displays around 15 billion “higher risk” scam ads to users every

That’s according to Mark Zuckerberg on the company’s earnings call today. He also says that “About 25% of people who have set up Muse use it on any given day. For our earliest adopters, the longer that they use Muse, the better the retention seems to get.” This week, Sensor Tower reported that the Muse app had hit 10 million US downloads.

Samsung Electronics issued third-quarter guidance, expecting strong memory chip sales driven by AI demand. The company forecast operating profit to rise 782% year on year. It also projected revenue of about 195 trillion won, up nearly 127% from the same period last year. Samsung said the quarter could set a new profit record.

Micron Technology reported record results for fiscal fourth-quarter and full-year 2026. DRAM quarterly revenue jumped 343% year over year to $39.8 billion, while data center revenue surged to $18.0 billion from $1.57 billion a year earlier. NAND quarterly revenue also climbed 526% to $14.1 billion, with all three figures marking record highs.

OpenAI’s chief financial officer told investors that the company’s enterprise revenue has surpassed its consumer revenue. Sarah Friar said OpenAI began the year with a 60/40 split, but enterprise growth accelerated faster than expected and has since overtaken consumer, according to CNBC. She added that enterprise now makes up the majority of the company’s revenue.

Spotify said its paid subscriber base has reached 300 million, making it the first audio streaming company to hit that milestone. Premium subscribers rose 9 percent year over year. Monthly active users climbed to 777 million, up 12 percent from the same quarter last year.

Snap said it has 971 million monthly active users, up 4.2% year over year. Revenue rose 19% from a year earlier. The company is preparing to launch $2,195 augmented-reality glasses at an event on Sept. 16. The update points to continued growth in Snap’s user base and monetization.

AI music company Suno lost a lawsuit in Germany brought by the licensing group GEMA, after a court found it trained its models on works by GEMA-represented artists without permission. The ruling requires Suno to disclose any “illicit revenue” and pay damages of an unspecified amount. The company can still appeal the decision. The case is being treated as a copyright precedent for AI-generated content and is not tied to direct trading or price transmission in traditional financial assets.

Electronic Arts said in an SEC Form 8-K filing that its take-private acquisition by Take-Two Interactive has received all required regulatory approvals. The company expects the deal to be completed at or around the close of trading on August 4, Eastern time. The transaction was announced in September 2023 and would end EA’s status as an independent publicly traded company.