More than 200 civil advocacy groups urged leading technology companies to increase efforts to combat misinformation fueled by artificial intelligence (AI) ahead of elections across the globe, in a letter published Tuesday. The groups wrote top executives for popular technology companies, including Google, Meta, Reddit, TikTok, YouTube and the social platform X, requesting “swift action” … Read more
Former Secretary of State Hillary Clinton argued Thursday that major tech companies should no longer receive widespread legal immunity for content posted on their websites under Section 230. Section 230 of the Communications Decency Act broadly protects social media platforms from being sued over the material people post to their sites. However, Clinton said these … Read more
A host of similarities between tech stocks now and previous bubbles suggest the Magnificent Seven is nearing — but not yet at — levels that may lead it to pop, according to Bank of America Corp. strategists. They cite a handful of indicators, such as bond yields, valuations and price action, that suggest there are … Read more
Sen. Josh Hawley (R-Mo.) sent a letter urging Meta CEO Mark Zuckerberg to bankroll a compensation fund for victims harmed by the company’s social media platforms. “I urge you to immediately create a fund endowed by your own personal wealth for the purpose of compensating those who have been victimized by your platforms,” Hawley wrote. … Read more
Powered by its artificial intelligence assets, Microsoft has leapfrogged Apple to become the most valuable public company. According to Bloomberg, Microsoft’s market value finished the week at $2.88 trillion, compared with Apple’s $2.86 trillion. Over the past year, Microsoft has added about $1 trillion in value, as fascination with generative AI (a major point of … Read more
