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Facebook parent Meta to stop paying Australian news media
Facebook parent Meta to stop paying Australian news media

Facebook parent Meta announced Friday it would no longer pay Australian media companies for news, prompting a government warning that the firm was in "dereliction" of past promises. Three years ago, Meta's promise to pay news outlets prompted the Australian government to water down legislation governing online platforms and their relationships with the news media.

Asian markets mostly up after US gains
Asian markets mostly up after US gains

Asian markets were largely higher on Friday following Wall Street gains driven by tech rallies and key US inflation data that met investors' expectations. On Wall Street, the tech-linked Nasdaq set a new record, surpassing a 2021 high.

Riding high on AI, Nvidia is no bubble, says Wall Street
Riding high on AI, Nvidia is no bubble, says Wall Street

The emergence of AI bots like OpenAI's ChatGPT and Google's Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world's fourth biggest company by market capitalization.