Latest
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Social media
Prosecutors: Meta hooked children and misled public
Meta knowingly hooked and exploited children, a US federal court heard on Aug 18 in a trial against the social media giant on charges that it deliberately made Instagram and Facebook addictive to young users.
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AI
OpenAI makes AI safety changes in wake of Hugging Face breach
OpenAI said it's implementing more aggressive systems to monitor and safeguard artificial intelligence models under development after recent cybersecurity incidents ignited concerns about AI tools running amok.
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Social media
Singapore tightens anti-scam rules on social media, messaging platforms
Singapore began requiring messaging services to restrict unknown contacts and social media services to verify advertisers on Aug 18, as the city-state clamps down on online scams.
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Mobile apps
EU 'welcomes' Apple steps to comply with digital rules
The European Commission on Aug 18 welcomed changes made by Apple to its rules for app developers to address charges of breaking the bloc's competition rules – and avert the risk of new fines.
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Social media
TikTok is exploring feature to send money over direct messages
TikTok is exploring a feature that would allow users to send money to each other in direct messages, in a move that would extend the social media app's push into financial services.
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AI
OpenAI introduces ChatGPT for Teens, promising a more age-appropriate chatbot
OpenAI on Aug 18 introduced a version of ChatGPT designed for teenagers who are already using it for schoolwork, questions about daily life and even companionship.
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AI
AI’s lucrative jobs boom is leaving women behind globally
As artificial intelligence creates some of the fastest-growing and most-lucrative jobs globally, women are underrepresented in roles from the C-suite to rank-and-file positions at AI companies.
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Technology
Cerebras launches new server chip and system designed to speed AI chatbots
SAN FRANCISCO, Aug 18 (Reuters) - Cerebras Systems announced on Tuesday a new version of its server hardware that includes its dinner-plate-sized chips that it says will speed AI chatbot queries.
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Technology
Disney, ABC sue FCC over threats to broadcast licenses
WASHINGTON, Aug 18 (Reuters) - Disney and its ABC unit sued the Federal Communications Commission on Tuesday to block an early review of licenses for eight ABC stations, arguing that the Trump administration is trying to punish the network over its broadcast content.
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Technology
Anthropic prepares supervoting power for founders ahead of IPO, the Information reports
Aug 18 (Reuters) - Anthropic has been preparing to give CEO Dario Amodei and other co-founders a class of stock with extra voting power to help insulate them from external shareholder pressure, the Information reported on Tuesday, citing two people familiar with the matter.
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Technology
Pennsylvania governor signs order imposing new rules to set up AI data centers in state
Aug 18 (Reuters) - Pennsylvania Governor Josh Shapiro on Tuesday signed an executive order that would require companies setting up AI data centers in the state to meet environmental and transparency safeguards and secure local community approval for the projects.
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Technology
OpenAI slows model training to bolster security after Hugging Face hack
SAN FRANCISCO, Aug 18 (Reuters) - OpenAI on Tuesday said it is slowing down the pace of its AI model development while it overhauls its research and training systems after OpenAI officials were caught unawares last month when an AI agent under testing hacked another AI firm Hugging Face.
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Technology
US securities regulator proposes long-awaited crypto rules
WASHINGTON, Aug 18 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday proposed a new regulatory framework for crypto assets, the first major step under U.S. President Donald Trump's administration to give the industry the tailored rules it has long pushed for.
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Technology
Anthropic's pre-IPO credit facility set to exceed $10 billion, Bloomberg News reports
Aug 18 (Reuters) - Anthropic's revolving credit facility is expected to exceed its roughly $10 billion target, Bloomberg News reported on Tuesday, as the AI lab prepares for what could be one of the biggest public listings on record.
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Technology
AI chip startup Etched doubles valuation to $21 billion in under a month
Aug 18 (Reuters) - Jane Street-backed Etched said on Tuesday its valuation more than doubled in less than a month to $21 billion, as investors bet on growing demand for specialized chips used to run artificial intelligence models.
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Technology
Apple changes fees for alternative app stores in EU
STOCKHOLM, Aug 18 (Reuters) - Apple said on Tuesday it will charge a 5% commission on digital transactions in apps distributed outside its App Store, replacing a more complex system as it seeks to comply with the European Union's Digital Markets Act.
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Technology
French government to hire French AI providers such as Mistral, Minister says
PARIS, Aug 18 (Reuters) - French Budget Minister David Amiel said on Tuesday his government will hire "sovereign" artificial intelligence providers, such as Mistral.
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Technology
Chip designer Velaura AI valued at more than $1 billion in funding round
Aug 18 (Reuters) - Velaura AI said on Tuesday it raised $110 million in a Series A funding round that valued the chip-designing startup at more than $1 billion, with investors backing its technology that can lower power consumption and operating costs at AI data centers.
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Technology
Blind Egyptian entrepreneur's AI app helps others 'see' the world
CAIRO, Aug 18 (Reuters) - Karen Morad went blind five years ago, yet on holiday in Kenya in June, the 16-year-old Cairo schoolgirl felt like she could suddenly see again thanks to an app developed by her brother that described the safari in audiovisual.
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Technology
OpenAI unveils ChatGPT for Teens with stronger guardrails to tackle safety risks
Aug 18 (Reuters) - OpenAI on Tuesday launched a version of ChatGPT tailored for minors, with parental controls and enhanced security features, as online platforms face scrutiny over the risks of AI chatbots.
