Group representing social media giants sues Utah over parental consent law

Group representing social media giants sues Utah over parental consent law

A group representing several social media giants, including Google, Meta, TikTok and X, sued Utah on Monday over the state’s new social media law that requires platforms to verify user ages and obtain parental consent for minors. The Utah Social Media Regulation Act, which is set to go into effect in March, also requires social … Read more

Meta’s stock wrapping up record year, spurred by cost cuts

Meta’s stock wrapping up record year, spurred by cost cuts

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Last year at this time, Meta was navigating a crisis of confidence that had pushed its stock price to its lowest since 2016. Sales were … Read more

A group representing TikTok, Meta and X sues Utah over strict new limits on app use for minors

A group representing TikTok, Meta and X sues Utah over strict new limits on app use for minors

SALT LAKE CITY (AP) — A trade group that represents TikTok and other major tech companies sued Utah on Monday over its first-in-the-nation laws requiring children and teens to obtain parental consent to use social media apps. Two laws signed in March by Republican Gov. Spencer Cox will prohibit minors from using social media between … Read more

Google paying $700M to settle antitrust allegations with states

Google paying 0M to settle antitrust allegations with states

Google agreed to pay $700 million to settle a complaint brought by state attorneys general alleging the tech giant engaged in antitrust practices related to its Android app store.  The deal was initially struck between the parties in September, but the agreement was filed late Monday night in San Francisco federal court. The settlement — which … Read more

Apple makes surprise decision to pause some Watch sales before Christmas

Apple makes surprise decision to pause some Watch sales before Christmas

Apple will pause U.S. sales of two of the latest versions of its Apple Watches due to an intellectual property dispute over their Blood Oxygen feature, the company said. The decision stems from two orders issued by the U.S. International Trade Commission on Oct. 26, which would restrict Apple’s ability to sell products that use … Read more

EU opens ‘formal proceedings’ into X over potential violations of Digital Services Act

EU opens ‘formal proceedings’ into X over potential violations of Digital Services Act

The European Union opened “formal proceedings” into X, formerly known as Twitter, on Monday to determine whether the platform has violated the bloc’s new online regulations. The EU’s executive arm, the European Commission, is investigating whether X breached the Digital Services Act (DSA) in regard to its “risk management, content moderation, dark patterns, advertising transparency … Read more

GPT and other AI models can’t analyze an SEC filing, researchers find

GPT and other AI models can’t analyze an SEC filing, researchers find

Patronus AI cofounders Anand Kannappan and Rebecca Qian Patronus AI Large language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus AI found. Even the best-performing AI model configuration they tested, OpenAI’s GPT-4-Turbo, when armed with … Read more