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Meta agrees to pay two teens a combined $7M in addiction suits

Meta agreed to pay two teens a combined $7M in the past two weeks in social media addiction litigation, Bloomberg reported, citing sources. Seven confidential deals with young plaintiffs ranged from $2 million to $2.5 million, establishing concrete settlement costs in the litigation.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Security AI
Security AI

OpenAI launches tools for web app testing and automated defense

OpenAI has launched Daybreak Red Team in early access to test web applications for security flaws, The Register reported. It also launched Daybreak Defense Factory to automate finding, validating and fixing flaws, pairing penetration testing with a separate defensive product.

Infrastructure Products
Infrastructure Products

Samsung in talks to acquire data center cooling maker Modine

Samsung Electronics is in talks to acquire Modine Manufacturing, Bloomberg reported, citing people familiar with the matter. Modine makes cooling systems for data centers and has a market value of $5.6B. A deal could come as soon as the coming weeks.

Products
Products

ByteDance plans share buyback of up to $6 billion

ByteDance plans to buy back up to $6 billion of shares from investors at a valuation of about $400 billion, Bloomberg reported, citing people who reviewed the proposal. That valuation represents a 20% increase from a similar program a year ago.

Products Infrastructure
Products Infrastructure

Microsoft reports limited recovery as global outage exceeds 12 hours

Microsoft reported only marginal success repairing a global outage after more than 12 hours, CNN reported. The company said changes intended to improve service were not working as expected and was seeking alternative ways to increase capacity amid traffic management imbalances.