Estée Lauder Sues Jo Malone Over Trademark Dispute Involving Zara 
Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security 
Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy 
Valero Port Arthur Refinery Explosion Prompts $1M Lawsuit Over Worker Safety Negligence 
DOJ Antitrust Chief Rejects Political Fast-Track for Paramount-Skydance Deal 
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership 
Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys 
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas 
UBS Seeks Legal Protection Over Credit Suisse's Nazi-Era Banking Activities 
Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling 
NAB Plans to Cut 170 Jobs While Expanding Offshore Operations 
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
Federal Reserve Crisis: DOJ Standoff Threatens Powell's Succession and Rate Stability 
The U.S. Federal Trade Commission (FTC) announced it has referred a complaint against Snap Inc. (NYSE: SNAP) to the Department of Justice (DOJ). The complaint alleges that Snapchat’s artificial intelligence chatbot, My AI, caused harm to young users.
Although the FTC did not disclose specific details about the harm, it stated that making the referral public serves the public interest. The agency's investigation reportedly found "reason to believe Snap is violating or is about to violate the law."
This move highlights growing concerns about the safety of AI technologies, particularly those targeting younger demographics. Snapchat, widely used by teens and young adults, integrated My AI into its platform earlier this year, sparking debates about its impact on users.
Following the news, Snap's shares briefly dipped before stabilizing, ending the day unchanged.
This development underscores the increasing scrutiny on tech companies deploying AI-driven tools and their responsibility to protect user welfare, especially among vulnerable groups.
