List of All Articles with Tag 'tech'

By Anna Tong The swift growth of artificial intelligence technology could put the future of humanity at risk,

Elon Musk announced last week Twitter would be “purging accounts that have had no activity at all for several years.”

By Foo Yun Chee BRUSSELS (Reuters) -U.S. chipmaker Broadcom has offered interoperability remedies in an effort to address European Union

Rumble, a streaming platform created to ‘protect free and open internet’ in response to cancel culture, has grown exponentially in recent months, signing exclusive deals with creators and streamers such as Russell Brand and Andrew Tate. It's most recent deal to be reached is with Kai Cenat and IShowSpeed. The pair signed to Rumble to produce a handful of exclusive livestreams a month. Whilst the pair will still stream on YouTube and Twitch, the signing with Rumble comes after both streamers have faced numerous bans from YouTube and Twitch for content violations. Speed is currently facing a permanent ban on Twitch for ‘spam or deceptive practices’, despite Cenat trying to negotiate with Twitch to unban him. Cenat, who himself has faced bans from both Twitch and YouTube, has threatened to leave Twitch permanently if faced with another ban. The first exclusive live stream show will premiere on May 26, named The Kai ‘n Speed Show. The creators say they’re grateful to have full creative control on this new platform. Sign up to our free Indy100 weekly newsletter Cenat is the fourth most subscribed Twitch streamer, with 5.2 million followers. Speed boasts 16 million subscribers on YouTube. The pair recently collaborated on a song together titled Dogs. The exclusive show follows a string of deals made between Rumble and creators. In September 2022, Rumble announced an exclusive show with Russell Brand after Brand claimed he was being ‘censored’ on YouTube for spreading Covid misinformation. During the announcement, Rumble CEO Chris Pavlovski told users “Russell is known for his unfiltered opinions, and we are proud to serve as the technology platform where he can grow his audience.” Similarly, in late 2022, Rumble signed a $9 million deal with Andrew Tate after he was banned on both TikTok and YouTube. As a result of this long line of deals with controversial creators, Rumble has subsequently been associated for being a place for outspoken creators to flock to when they get banned from mainstream platforms. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

During his six months as Twitter's CEO and owner, Elon Musk decimated its ad business, alienated some news publications and VIP users, and plunged the platform into a constant state of chaos. Now, a new chief executive will be tasked with trying to turn things around.

OpenAI CEO Sam Altman has sounded his fears about AI-powered election interference, telling a congressional hearing on Tuesday that the technology needs to be regulated to protect voting integrity. Artificial intelligence chatbots like his company’s ChatGPT were a “significant area of concern”, Mr Altman told the Senate Judiciary Subcommittee on Privacy, Technology and the Law “I am nervous about it,” he said about elections and AI, adding rules and guidelines are needed. For months, companies large and small have raced to bring increasingly versatile AI to market, throwing endless data and billions of dollars at the challenge. Some critics fear the technology will exacerbate societal harms, among them prejudice and misinformation, while others warn AI could end humanity itself. “There’s no way to put this genie in the bottle. Globally, this is exploding,” said Senator Cory Booker, one of many lawmakers with questions about how best to regulate AI. Senator Mazie Hirono noted the danger of misinformation as the 2024 election nears. “In the election context, for example, I saw a picture of former President Trump being arrested by NYPD and that went viral,” she said, pressing Altman on whether he would consider the faked image harmful. Mr Altman responded that creators should make clear when an image is generated rather than factual. Speaking before Congress for the first time, Mr Altman suggested that, in general, the US should consider licensing and testing requirements for development of AI models. Mr Altman, asked to opine on which AI should be subject to licensing, said a model that can persuade or manipulate a person’s beliefs would be an example of a “great threshold.” He also said companies should have the right to say they do not want their data used for AI training, which is one idea being discussed on Capitol Hill. Mr Altman said, however, that material on the public web would be fair game. Mr Altman also said he “wouldn’t say never” to the idea of advertising but preferred a subscription-based model. The White House has convened top technology CEOs including Mr Altman to address AI. US lawmakers likewise are seeking action to further the technology’s benefits and national security while limiting its misuse. Consensus is far from certain. An OpenAI staffer recently proposed the creation of a U.S. licensing agency for AI, which could be called the Office for AI Safety and Infrastructure Security (OASIS). OpenAI is backed by Microsoft. Mr Altman is also calling for global cooperation on AI and incentives for safety compliance. Christina Montgomery, International Business Machines Corp chief privacy and trust officer, urged Congress to focus regulation on areas with the potential to do the greatest societal harm. Gary Marcus, a Professor Emeritus at New York University, was also on the panel, and expressed his concerns about the rapid development of artificial intelligence. “We have built machines that are like bulls in a china shop: Powerful, wreckless and difficult to control,” he said. Senator Blumenthal responded by saying it was more like “a bomb in a china shop”. Additional reporting from agencies. Read More ChatGPT is finally connected to the web after huge OpenAI update Regulation ‘critical’ to curb risk posed by AI, boss of ChatGPT tells Congress Watch as OpenAI CEO faces questions from Congress on potential AI regulation Sam Altman testifies before Congress saying there is ‘urgent’ need for regulation

Elon Musk faced backlash for arguing that people who worked from home were “morally wrong” because it was unfair to those who could not work remotely. In an interview with CNBC’s David Faber on Tuesday, Mr Musk described the people working remotely as “laptop classes”, saying that the issue extended beyond productivity concerns. He likened the concept of working from home to a quote often attributed to Marie Antoinette, the last queen of France before the French Revolution. “I think that the whole notion of work from home is a bit like the fake Marie Antoinette quote, ‘Let them eat cake’,” Mr Musk said. “It’s not just a productivity thing. I think it’s morally wrong.” Mr Musk criticised the hypocrisy of expecting service industry workers to go to work while others had the privilege of working from home. “Get off the goddamn moral high horse with the work-from-home bulls**t,” he said. “People building the cars, servicing the cars, building houses, fixing houses, making the food, making all the things that people consume. It’s messed up to assume that, yes, they have to go to work, but you don’t” he said. “It’s not just a productivity thing, I think it’s morally wrong.” The tech mogul has been a fierce advocate of return-to-office policies. He imposed a strict policy in Tesla in June 2022, warning employees that they would lose their jobs if they did not comply. The policy required employees to spend a minimum of 40 hours in the office a week and anything less would be “phoning it in”. “The laptop class is living in la-la land,” he said. Mr Musk’s comments on work-from-home culture generated a divided response on the internet, with many lashing out at him. “Being one of the world’s richest man, @elonmusk sounded tone deaf when he himself expects ppl to eat cake rather than share his wealth. @davidfaber just sounds like a boomer with his ‘productivity’ whining. Ppl are as productive and engaged working from home - if not more,” a Twitter user said. Another user, Lora Kolodny, pointed to another CNBC report which said Tesla will carve out deals for “exceptional” employees amid the company’s hardline policy to return to work. The report, which cited sources, said Tesla was struggling to bring all its employees back to the office due to a lack of resources. “Uhhh - REALLY!? Because as far as I know, Tesla and Twitter under Musk’s management will grant ‘exceptional’ employees right to work from home. Memba this?” Ms Kolodny said. In the hour-long interview, Mr Musk also said he did not care for the consequences of his unfiltered and unabashed views on Twitter even if it meant incurring financial losses. “I’ll say what I want to say, and if the consequence of that is losing money, so be it,” he said. He added that Twitter will attempt to rehire some of its staff after dramatically firing employees following his controversial takeover of the microblogging platform. He acknowledged that the job cuts were too deep. “Desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out,” Mr Musk said, adding there is a possibility of rehiring people who were let go. Read More Lawsuit filed against Twitter, Saudi Arabia; claims acts of transnational repression committed Elon Musk subpoenaed by US Virgin Islands in Jeffrey Epstein lawsuit Linda Yaccarino: How Elon Musk may have hired his biggest critic to head Twitter AI pioneer warns UK is failing to protect against ‘existential threat’ of machines Elon Musk announces Linda Yaccarino as new CEO of Twitter How Elon Musk may have hired his biggest critic

Consumer cryptocurrency trading should be regulated as gambling, the treasury committee has urged. In a new report, the committee called for consumer trading in unbacked crypto assets to be treated in regulation as gambling. The cross-party committee of MPs said cryptocurrencies such as Bitcoin are being used by criminals in scams and money laundering. Unbacked crypto assets – often called cryptocurrencies – are not supported by underlying assets, the committee added. They pose significant risks to consumers, given their price volatility and the risk of losses, according to the MPs, who said retail trading in unbacked crypto more closely resembles gambling than a financial service and should be regulated as such. The report said: “We strongly recommend that the government regulates retail trading and investment activity in unbacked crypto assets as gambling rather than as a financial service, consistent with its stated principle of ‘same risk, same regulatory outcome’.” The committee pointed to HM Revenue and Customs (HMRC) figures indicating that around 10 per cent of UK adults hold or have held crypto assets. The MPs also said potential productive innovation in financial services should not be unduly constrained. They said technologies underlying crypto assets may bring some benefits to financial services, particularly for cross-border transactions and payments in less developed countries. A balanced approach should be taken to supporting the development of crypto asset technologies, while avoiding spending public resources on projects without a clear, beneficial use, the MPs said. Harriett Baldwin, chair of the treasury committee, said: “The events of 2022 have highlighted the risks posed to consumers by the crypto asset industry, large parts of which remain a wild west. “Effective regulation is clearly needed to protect consumers from harm, as well as to support productive innovation in the UK’s financial services industry. “However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such. “By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.” The committee is considering central bank digital currencies as a separate piece of work. A treasury spokesperson said: “Risks posed by crypto are typical of those that exist in traditional financial services and it’s financial services regulation – rather than gambling regulation – that has the track record in mitigating them. “Crypto offers opportunities but we are taking an agile approach to robustly regulating the market, addressing the most pressing risks first in a way that promotes innovation.” Read More Crypto rules get final approval to make Europe a global leader on regulation Is my money safe? What you need to know about bank failures Nearly 80% of APP scam cases start online, says UK Finance Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Sea Ltd. had its worst day in more than a year after earnings missed estimates and gaming revenue

The head of the artificial intelligence company that makes ChatGPT has told Congress that government intervention will be critical to mitigating the risks of increasingly powerful AI systems

Lyft Inc said on Tuesday it has named Erin Brewer as its chief financial officer. Brewer will replace

By Milana Vinn NEW YORK Ed Wehle, a senior Barclays Plc technology banker, has resigned to join U.S.