Weekend Recap: Zuckerberg’s Court Testimony, Nvidia’s Investment in OpenAI, Meta’s Equity Reductions, Netflix-WBD Deal Worries, and More

This week, the tech industry was abuzz with significant developments, including Mark Zuckerberg’s court testimony, a major NVIDIA investment in OpenAI, and more. Zuckerberg discussed the safety of young social media users during a trial dubbed the “Big Tobacco” moment for the industry. NVIDIA is finalizing a $30 billion equity investment in OpenAI, a shift from an earlier $100 billion infrastructure agreement. Meanwhile, Meta Platforms has reduced annual stock awards by 5% for the second consecutive year to redirect funds towards AI, aligning with Zuckerberg’s ambitious infrastructure expansion plans. Concerns arose from James Cameron regarding Netflix’s proposed acquisition of Warner Bros. Discovery, which he believes could jeopardize the theatrical film industry. Lastly, Microsoft announced a leadership change in its gaming division, with Phil Spencer retiring and AI executive Asha Sharma stepping in. For the latest updates and in-depth analysis, follow Benzinga News.

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