Tech Report: Cash App settlement, Apple AI fees, and Gmail outage make tech headlines

Cash App Class Action Settlement
Cash App is set to pay up for a class-action lawsuit related to data breaches that occurred in 2022 and 2023. Users whose account and personal information were compromised may be eligible for compensation of up to $2,500 for documented losses. Those who experienced fraud as a result of the breach could potentially receive even more under the settlement terms. The deadline to file a claim is November 18.

Apple’s AI Subscription Plans
Apple users might soon need to pay for the company’s advanced AI features. Analysts from Counterpoint Research suggest that Apple could charge a subscription fee between $10 and $20 for these new features, or possibly bundle them into the existing “Apple One Subscription” package for a higher price. Dubbed “Apple Intelligence,” these AI features are expected to be available as early as October.

NVIDIA’s Stock Decline
Despite the ongoing AI boom, NVIDIA has seen its stock drop by 25% in less than two months, leading to a $900 billion sell-off since its record high in June. This decline comes as investors await the company’s financial results, due at the end of the month, and ponder the sustainability of AI-related spending from tech giants like Microsoft, Amazon, Alphabet, and Meta.

Gmail Outage Reported Worldwide
On Thursday afternoon, thousands of Gmail users experienced issues due to a worldwide outage. The site “Down Detector” reported nearly 5,000 problems within an hour, with most users unable to send emails and about 15% facing server connectivity issues. The issue has since been resolved, though Google has yet to provide an explanation or issue a formal statement.

Source: LilaMax Media.