Meta will limit reach of harmful content to teens on Facebook and Instagram amid scrutiny

Meta will limit reach of harmful content to teens on Facebook and Instagram amid scrutiny

Facing increased scrutiny over its social networks’ effects on teenage users, Meta announced Tuesday that teens on Facebook and Instagram will see less content related to self-harm and eating disorders. Meta already filters such content out of the feeds it recommends to users, such as Instagram’s Reels and Explore. But under a set of changes…

Bitcoin falls ahead of ETF decision, ether surges 12% to highest level since May 2022

Bitcoin falls ahead of ETF decision, ether surges 12% to highest level since May 2022

Nurphoto | Nurphoto | Getty Images Bitcoin tread water on Wednesday as investors awaited the official U.S. Securities and Exchange Commission approval on spot bitcoin exchange-traded funds, a day after the regulator’s X account posted a false announcement on the highly anticipated news. The price of bitcoin was last lower by more than 2% at…

SEC approves spot bitcoin ETFs in game-changer for crypto industry

SEC approves spot bitcoin ETFs in game-changer for crypto industry

The US securities regulator on Wednesday approved the first US-listed exchange traded funds to track bitcoin, its Chair Gary Gensler said, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. The agency approved applications, including from BlackRock, Ark Investments, 21Shares, Fidelity, Invesco, and VanEck, among others, according to a notice on its…

Microsoft debated whether to shutter AI lab in Beijing due to political pressure: report

Microsoft debated whether to shutter AI lab in Beijing due to political pressure: report

Top Microsoft executives have reportedly debated whether to shutter a controversial artificial intelligence lab in Beijing – as the company’s cozy ties with China raise alarm bells on Capitol Hill. As The Post reported last month, prominent US lawmakers warned Microsoft that its ongoing work in China poses a potential national security risk after company…

Beware Taylor Swift, the AI edition: The singer is not giving away free Le Creuset cookware

Beware Taylor Swift, the AI edition: The singer is not giving away free Le Creuset cookware

AI-generated fake advertisements are making the rounds on social media again, this time using the voice and likeness of Taylor Swift promising free Le Creuset cookware sets. As any proper Swiftie knows, the “Hoax” singer is fan of Le Creuset. In the pop star’s 2020 documentary “Miss Americana,” she whipped up some pasta sauce in…

iRobot shares plunge 19% on report Amazon won’t offer concessions to resolve EU probe

iRobot shares plunge 19% on report Amazon won’t offer concessions to resolve EU probe

iRobot’s Roomba. Source: iRobot Shares of iRobot closed down 19% on Wednesday, after a report said Amazon will not offer concessions to Europe’s antitrust watchdog in a bid to clear its planned $1.7 billion acquisition of the Roomba maker. Politico reported the companies have until the end of the day Wednesday to offer to make…

Instagram’s new teen safety features still fall short, critics say

Instagram’s new teen safety features still fall short, critics say

Comment on this storyComment Add to your saved stories Save Instagram and Facebook unveiled further limits on what teens can see on the apps, a move their parent company Meta says will reduce the amount of potentially harmful content young people encounter. Already, teens could opt to have Instagram’s algorithm recommend less “sensitive content” —…

Amazon Is Laying Off Hundreds at Prime Video, MGM Studios and Twitch

Amazon Is Laying Off Hundreds at Prime Video, MGM Studios and Twitch

Updated Jan. 10, 2024 3:16 pm ET Amazon is eliminating hundreds of jobs across its film and television studio and Twitch streaming platform in an effort to rein in costs. Mike Hopkins, senior vice president of Amazon’s Prime Video and Amazon MGM Studios, announced the studio and video-division layoffs in an email to staffers Wednesday. …

SAP to pay more than $230 million to settle bribery charges, U.S. authorities say

SAP to pay more than $230 million to settle bribery charges, U.S. authorities say

Christian Klein, CEO of the software company SAP, stands on the podium looking at his cell phone before the start of the company’s Annual General Meeting. Uwe Anspach | Picture Alliance | Getty Images SAP, the $192 billion German enterprise tech company, will pay more than $230 million to settle investigations into worldwide “recidivist” foreign…