SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

June 12 (Reuters) - Meta Platforms ( META ) has finalized an investment in Scale AI that values the startup at over $29 billion, Scale AI said on Thursday. Two sources familiar with the matter said that Meta's investment in Scale AI amounts to $14.3 billion. The sources said that Scale CEO and co-founder Alexandr Wang will join a new...

(Reuters) -Meta Platforms ( META ) has finalized an investment in Scale AI that values the startup at over $29 billion, Scale AI said on Thursday. Two sources familiar with the matter said that Meta's investment in Scale AI amounts to $14.3 billion. The sources said that Scale CEO and co-founder Alexandr Wang will join a new superintelligence unit inside...

(Corrects pronoun in the last paragraph to she from he) By Laila Kearney NEW YORK (Reuters) -Meta signed an agreement with XGS Energy to help develop 150 megawatts of advanced geothermal electricity in New Mexico to power the Facebook parent company's artificial intelligence expansion, the companies said on Thursday.  WHY IT'S IMPORTANT Giant technology companies like Meta are striking unprecedented...