The Inside Story of Eric Trump’s American Bitcoin

A new crypto mining company is flexing the Trump name and connections to get ahead.

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Figma CEO says AI superintelligence is not a looming threat to the company

Superintelligence isn’t “out of the picture,” but it would be “quite difficult” for AI to replicate Figma’s technology, Field said.

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Roblox stock soars 16% after revenue beat, strong user growth

User and engagement numbers were also strong for gaming platform Roblox, with daily active users up 41% year-over-year, and hours engaged up 58%.

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OpenAI to launch AI data center in Norway, its first in Europe

OpenAI said the new Norway-based datacenter comes as the European Union races to achieve AI sovereignty by investing in data center and compute power.

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Join Us for WIRED’s AI Power Summit

On September 15, WIRED is gathering a panel of leaders across technology, politics, and media to tell you everything you need to know about the future of generative AI.

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Meta, Microsoft roar higher on strong earnings as AI spending booms

Meta and Microsoft have been investing heavily in AI infrastructure in recent years, and are set to still shell out billions in capital expenditures.

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Google is experimenting with machine-learning powered age estimation tech in the U.S.

Google will use machine learning and user data to estimate age of users in the U.S.

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UK’s National Lottery to temporarily shut down for major tech updates

The National Lottery in the UK will shut down this weekend to put through its biggest tech update in decades.
National Lottery draw game sales and all prize claims will be temporarily paused in shops, on the website, and in the app between 11pm on Saturday, August 2 and late in the morning on Monday, August 4, as operator Allwyn puts through a behind-the-scenes tech update.
The update will move the Lottery’s core system to new platforms, although users shouldn’t expect to see much of a change on the front end.
In practice, after Saturday night’s Lotto and Thunderball draws, the National Lottery website, app, and retail lottery terminals will shut down from 11pm, so players won’t be able to log into their online accounts, buy draw tickets, or claim prizes until Monday. Players can still buy Scratchcards in person from any partnered shop, as well as see the National Lottery draws via YouTube.
What’s new for the National Lottery?
With the tech updates largely being behind-the-scenes changes, Lottery players likely won’t notice a difference to their experience. However, Allwyn said in a press release that the new lottery terminals rolling out in stores should speed up transactions for all players. Plus, there’s a promise of ‘great changes’ coming soon after the tech update.
“This is a once-in-a-generation opportunity to deliver the National Lottery that the UK deserves,” said Allwyn CEO Andria Vidler. “We’re making unprecedented and much-needed changes, which will move us closer to achieving our vision for The National Lottery, restoring its magic and significantly increasing its positive impact on lives across the UK.
“These major upgrades will mean short-term disruption for players and our retail partners, but they will allow us to deliver on our promise to bring new, exciting games, a better player experience, and our commitment to double returns to Good Causes from £30m to £60m every week by the end of the 10-year licence.”
The investment in the platform comes after Allwyn reported a 12% increase in revenue in 2024.
Featured image: Flickr, licensed under CC BY-SA 2.0
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MGM Resorts reports highest ever revenue in second quarter of 2025

MGM Resorts has shared its financial results for the second quarter of 2025, reporting a record-breaking high for revenue.
The global entertainment and resorts brand has reported net revenues of $4.4 billion, an increase of 2% when compared to the same period a year before. That increase is largely attributed to success at MGM China, with the region achieving an all-time record in earnings before tax with a market share of 16.6%.
Net income for MGM Resorts has fallen, however, from $187 million to just $49 million, thanks to the impact of foreign currency exchanges. Nonetheless, CEO and President Bill Hornbuckle – who recently signed a new contract at the company – attributes the ‘strong growth’ to the strength of its BetMGM offering.
“MGM Resorts’ operational scale and diversity delivered solid growth in the second quarter, with consolidated results increasing year over year,” said Hornbuckle. “This performance was driven by accelerating EBITDA growth at the BetMGM venture and record results out of our Regional Operations as well as MGM China.
“Our outlook on the business remains bright, particularly in Las Vegas as 4Q25 and full year 2026 will benefit from meaningful capital investment, including the completion of the MGM Grand room remodel, combined with strong convention bookings. Looking beyond 2025, our BetMGM venture continues towards its goal of $500 million in EBITDA and our MGM Digital segment is on target to become profitable in the coming years.”
The focus on Las Vegas echoes the positive outlook of Caesars Entertainment CEO Tom Reeg, despite a slow second and third quarter in 2025. While gambling activity in the historical heart of betting has plateaued recently, many operators are looking for ways to innovate and tempt people away from the ever-growing online gambling sector.
Trends in MGM Resorts’ earnings
Looking at some of the trends that one of the largest gambling and entertainment companies in the world is observing, there are some notable examples to pick out. For example, net revenue at Las Vegas resorts dropped by $100 million from the year before, with MGM citing a decline in table games as the reason.
However, revenue surged by the same amount in China, thanks to increased casino table games in the region, suggesting a geographical shift for the company. Indeed, MGM Resorts is clearly making Asia a priority market, with attempts to influence casino tax rates in Thailand.
Featured image: MGM Resorts
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Google and Meta may lose legal shield amid Indian betting probe

Google and Meta might not be automatically protected from liability anymore just because they host third-party content in India, according to legal experts. The shift comes as country’s Enforcement Directorate (ED) looks into money laundering allegations tied to online betting apps.
Both tech giants were called into the ED’s headquarters on July 21, but they didn’t show up. They were then issued new summons for July 28. Google did turn up for the meeting, but Meta didn’t send anyone for the probe into the same issue.

Google Says : We’re committed to keeping our platforms safe and secure, prohibiting the promotion of illegal gambling ads. Our continuous AI advancements, complemented by human expertise, ensure all ads on our surfaces comply with local laws and our strict ad policies, and… https://t.co/eo5l4RUDyd
— Aseem Manchanda (@aseemmanchanda) July 21, 2025

A Google spokesperson told ReadWrite that the company is “committed to keeping our platforms safe and secure, prohibiting the promotion of illegal gambling ads.” The company also said, “Our continuous AI advancements, complemented by human expertise, ensure all ads on our surfaces comply with local laws and our strict ad policies, and protect users from evolving threats. Last year alone, we removed 247.4 million ads and suspended 2.9 million advertiser accounts in India.
“We are extending our full support and cooperation to investigating agencies to hold bad actors responsible and keep users safe.”
Why India is accusing Google and Meta of promoting sketchy betting apps
The ED is accusing Google and Meta of actively helping promote betting apps that are under investigation for serious financial crimes like money laundering and illegal wire transfers, often referred to as ‘hawala’. Authorities say both companies gave these apps prime ad space and allowed their associated websites to gain visibility, which helped them spread more widely.

“If it can be proven that they had the knowledge of illegal operations of such platforms, they could be liable under various legislations.” – Gaurav Bhalla, Ahlawat & Associates Partner

The investigation is focusing on a large web of betting apps, many of which are disguised as skill-based games but are actually running illegal gambling operations. The platforms are thought to have made crores of rupees in illegal funds, often funneled through complex hawala routes to dodge detection.
Tech giants may qualify for ‘safe harbour’
Legal experts have explained to ReadWrite that digital platforms could face serious criminal charges if they knowingly promote illegal betting operations. Gaurav Bhalla, a partner at Ahlawat & Associates, stated that a platform’s legal risk largely depends on whether it qualifies for “safe harbour” under Section 79 of the Information Technology Act, 2000.
“The primary aspect to be determined while ascertaining whether they would be liable or not would depend on whether they’re able to claim safe harbour,” Bhalla said. “If they’re able to claim the defence, a lot of their liability will be minimized. However, if it can be proven that they had the knowledge of illegal operations of such platforms, they could be liable under various legislations.”
He pointed out that there have been cases where intermediaries were held responsible for third-party content when they didn’t meet the criteria for safe harbor. That includes acting only as a passive channel, not altering content, and following the government’s due diligence guidelines.
Bhalla said platforms lose that protection when “the intermediary has conspired or abetted or aided or induced” an illegal act, or if they fail to act after being notified by authorities. “If the intermediary has knowledge that it is facilitating the operation of online betting platforms, it wouldn’t be able to claim safe harbour (and will be held liable for the content hosted on their platform).”
Without safe harbor, platforms could come under the scanner of the Prevention of Money Laundering Act for enabling illegal financial activity, and could also be charged with abetment under the Bharatiya Nyaya Sanhita for advertising banned services.
But the liability doesn’t stop with the platforms. Bhalla warned that “the app developers (which developed such betting platforms) and media outlets (which advertised such platforms) could be held liable under provisions relating to abetment and criminal conspiracy under Sections 56 and 62” of the Bharatiya Nyaya Sanhita, 2023.”
Celebrities in the firing line
Even public figures aren’t off the hook. “The celebrities which endorse or promote such apps on social media could be subject to prosecution under” the Guidelines for Prevention of Misleading Advertisements, 2022. Since online betting is banned under the Public Gambling Act, 1867, any kind of endorsement could also violate the Consumer Protection Act, 2019.
To reduce these risks, Bhalla recommends that companies and influencers carry out legal checks and sign contracts that include warranties and indemnity clauses, “to cater to situations where the tech companies or the endorsers suffer any financial liability owing to the illegal operations of the online better platform.”
The investigation is part of a larger crackdown by the government agency, which picked up steam after evidence surfaced showing that foreign-linked betting operations were using Indian platforms to carry out illegal transactions.
The Ministry of Information and Broadcasting had previously issued advisories warning digital platforms not to run ads related to betting, but reports suggest those warnings were widely ignored, leading to deeper scrutiny.

To all who want to know what happened with the ED summons today. Thank you https://t.co/VGJGK9avkU
— Prakash Raj (@prakashraaj) July 30, 2025

As part of the ongoing probe, the ED has now summoned several actors in connection with the case. Rana Daggubati was asked to appear at the agency’s zonal office in Hyderabad on July 23, while Prakash Raj was summoned for July 30. Vijay Deverakonda is expected to appear on August 6, and Lakshmi Manchu on August 13.
Speaking after being summoned, Raj said: “The officers summoned me as a citizen of the country in connection with a money laundering case linked to betting apps. It was something I was offered back in 2016.
“On moral grounds, I chose not to pursue it. I informed them that I had not received any money, as I had declined the offer.”
The celebrities are being investigated over their alleged promotion of illegal betting apps on social media platforms.
ReadWrite has reached out to Google and Meta for comment.
Featured image: Canva / Google / Meta
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