Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race 
Trump Says Anthropic No Longer Seen as National Security Threat 
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
SpaceX Stock Plunges 16% as KeyBanc Warns Valuation May Be Overstretched 
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular 
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise 
The Cambridge Analytica scandal was a doozy for the tech industry, with Facebook getting the brunt of the criticisms of the incident. However, while the social network seems to have just shrugged the issue off, the British data analytics firm just announced that it was shutting down. It’s now closing its offices in the UK and is insolvent.
According to a press release, the firm is filing bankruptcy because it lost pretty much all of its customers and suppliers. While Cambridge Analytica has denied that it did anything wrong, the matter still cost it everything.
"Over the past several months, Cambridge Analytica has been the subject of numerous unfounded accusations and, despite the company’s efforts to correct the record, has been vilified for activities that are not only legal, but also widely accepted as a standard component of online advertising in both the political and commercial arenas," the company notes in the statement. "It has been determined that it is no longer viable to continue operating the business, which left Cambridge Analytica with no realistic alternative to placing the company into administration."
Aside from the main offices of the firm in the UK, it seems this decision also affects the US company SCL Defense, The Wall Street Journal reports. It is also closing now along with Cambridge Analytica the founder of SCL Group, Nigel Oakes confirmed to the publication.
In the wake of the attention that the inquisition against Facebook, it can often be difficult to remember that there are other parties involved in this situation. These parties also suffer the consequences of using the stolen data of over 87 million users to help get Donald Trump get elected president.
So far, only the analytics firm seems to have suffered actual financial and concrete consequences over the situation. With Facebook recently holding its F8 conference, featuring a smiling Mark Zuckerberg striding onstage, it seems the social network is not even giving the matter any thought.
