HOPPER PAYS $35M FOR DECEPTIVE FEE PRACTICES
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Travel app Hopper will pay $35 million to settle Federal Trade Commission allegations of using deceptive practices to hide fees and mislead users about service costs and benefits.
■ MORE FROM THE BUSINESS DESK
The UK government has dismissed Green party leader Zack Polanski's proposal for a moratorium on large-scale AI datacentre construction, citing economic concerns over the energy and water-intensive projects.
ChangXin Memory Technologies (CXMT), China's leading memory chip producer, filed a lawsuit against the Pentagon on Friday challenging its designation as a Chinese military company. CXMT denies military affiliation and claims its chips are for civilian use only.
A US appeals court has ruled against Kalshi's attempt to block Nevada from regulating its platform, determining that the prediction market platform cannot escape state gambling laws by rebranding bets as 'swaps.'
Vijay Pande has left Andreessen Horowitz's $4 billion biotech practice to launch VZVC, a smaller AI-native venture fund focused on transforming drug discovery through engineering principles rather than traditional discovery methods.