Internet
Washington (AFP) - The US Supreme Court on Monday declined to hear an appeal by Elon Musk of a settlement that requires the billionaire to have some of his social media posts about Tesla pre-approved by a company lawyer. The nation's highest court rejected the Tesla and X owner's appeal without comment. Musk was seeking to overturn restrictions imposed on him by the Securities and Exchange Commission (SEC) following a 2018 post on Twitter, now X. In the tweet, Musk said he had acquired funding to take Tesla private, which caused a spike in the company's stock price, but he did not provide any ...
AFP
San Francisco (AFP) - Ayman Chaudhary turned her love for reading into a living on TikTok, posting video snippets about books like those banned in schools in ultra-conservative parts of the United States. Now the online platform she relies on to support her family is poised to be banned in what entrepreneurs using TikTok condemn as an attack on their livelihoods. "It's so essential to small businesses and creators; it's my full-time job," the 23-year-old Chicago resident told AFP. "It makes me really worried that I live in a country that would pass bans like these instead of focusing on what's...
AFP
San Francisco (AFP) - Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress. The US House of Representatives is set to vote on Saturday on a bill that would force TikTok to divest from Chinese parent company ByteDance or face a nationwide ban. The measure, which has the vocal backing by many Democrats and Republicans, has also been written into a massive aid package for Ukraine, Israel and Taiwan, which could ease its passage...
AFP
San Francisco (AFP) - Meta on Thursday introduced an improved AI assistant built on new versions of its open source Llama large language model for powering the technology. Meta AI is smarter and faster due to advances in publicly available Llama 3, the tech titan said in a blog post. "The bottom line is we believe Meta AI is now the most intelligent AI assistant that you can freely use," Meta co-founder and chief executive Mark Zuckerberg said in a video posted on Instagram. Being open source means that developers outside of Meta are free to customize Llama 3 as they wish and the company may t...
AFP
San Francisco (AFP) - Netflix topped expectations Thursday as it reported 9.3 million new subscribers and profits of $2.3 billion in the first three months of the year. Silicon Valley-based Netflix had bet heavily on its content lineup to win fans, with subscribers now totaling 269.6 million. "With more than two people per household on average, we have an audience of over half a billion people," Netflix said in a letter to investors. "No entertainment company has ever programmed at this scale and with this ambition before." Netflix shares slipped more than 3 percent to $589.64 in after-market ...
AFP
Washington (AFP) - The US House of Representatives will again vote Saturday on a bill that would force TikTok to divest from Chinese parent company ByteDance or face a nationwide ban. The measure has been written into a massive $61 billion aid bill for Ukraine, Israel and Taiwan, which could ease its passage in both chambers of the US Congress. Under the bill, ByteDance would have to sell the app within a few months or be excluded from Apple and Google's app stores in the United States. It would also give the US president the authority to designate other applications as a threat to national se...
AFP
San Francisco (AFP) - Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs. About 600 jobs are expected to be eliminated by Take-Two, parent company of studios including Rockstar Games, maker of the blockbuster "Grand Theft Auto" line-up. Take-Two is "rationalizing its pipeline and eliminating several projects in development and streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs," it said in a filing with the Securities and Exchange Commis...
AFP
San Francisco (AFP) - Donald Trump's media group said Tuesday it will launch a streaming television platform, but its shares continued to tumble on Wall Street. The announcement came as 77-year-old former US president Trump sat through a second day of jury selection in his historic criminal trial. No other ex-president in US history has been hauled before a criminal court and the trial in a Manhattan courthouse comes as scandal-plagued Trump is fighting to make a shock return to the White House in November. Trump is accused of falsifying business records in a scheme to cover up reports on the ...
AFP
San Francisco (AFP) - Meta's oversight board said Tuesday it is scrutinizing the social media titan's deepfake porn policies, through the lens of two cases. The move by what is referred to as a Meta "supreme court" for content moderation disputes comes just months after the widespread sharing of lewd AI-generated images of megastar Taylor Swift on X, formerly Twitter. The Meta board picked its two cases, regarding images shared on Instagram and Facebook, to "assess whether Meta's policies and its enforcement practices are effective at addressing explicit AI-generated imagery," it said in the r...
AFP
San Francisco (AFP) - Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported Monday. South Korea-based Samsung overtook Apple as worldwide smartphone shipments grew nearly 8 percent in the first quarter of this year to 289.4 million, IDC said, citing its preliminary data. It was the third consecutive quarter of growth in the global smartphone market, signalling that a recovery from a slump in the sector is underway, according to IDC. IDC ...
AFP
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