Meta ‘knowingly designed its platforms to hook children’, court document claims

Facebook parent Meta Platforms deliberately engineered its social platforms to hook minors and knew – but never disclosed – it had received millions of complaints about under-age users on Instagram but only disabled a fraction of those accounts, according to reports. The complaint emerged in a newly unsealed legal document, described in reports by The […]

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FILE - Binance CEO Changpeng Zhao answers a question during a Zoom meeting interview with The Associated Press on Nov. 16, 2021. Zhao the founder of Binance, the world’s largest cryptocurrency exchange, pleaded guilty Tuesday, Nov. 21, 2023, to a felony charge that he failed to take steps to prevent money laundering as the company agreed to pay more than $4 billion following an investigation by the U.S. government. (AP Photo/File)

Founder of Binance crypto exchange admits failing to prevent money laundering

The founder of Binance, the world’s largest cryptocurrency exchange, has admitted he failed to take steps to prevent money laundering as the company agreed to pay more than 4 billion dollars (£3.2 billion) after an investigation by the US government. Chief executive Changpeng Zhao pleaded guilty to one count of failure to maintain an effective […]

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X (aka Twitter) sues media watchdog over report on ads next to posts from hate groups

Elon Musk’s social media company X has filed a lawsuit against liberal advocacy group Media Matters for America, saying it manufactured a report to show advertisers’ posts alongside neo-Nazi and white nationalist posts in order to “drive advertisers from the platform and destroy X Corp.” Media Matters, a Washington DC-based non-profit media watchdog, called the […]

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Businesses embracing generative AI but fear cyberattacks, survey finds

Three-fifths of businesses view generative artificial intelligence (AI) as a good opportunity but many fear they are exposed to cyberattacks, research has revealed. Businesses will “not progress” if they do not take risks, as the race to adopt new and emerging technologies heats up, according to accounting giant PwC. Around 37% of firms believe they […]

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Former OpenAI boss Sam Altman to join Microsoft

Former OpenAI chief executive Sam Altman is to join Microsoft’s advanced AI research team after a weekend which saw him ousted by OpenAI and briefly appear to be negotiating a return to the company. ChatGPT maker OpenAI announced on Friday it was removing Mr Altman, with a statement from its board saying it “no longer […]

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Apple to adopt system to improve texting between iPhones and Android devices

Apple is to adopt a messaging standard that will make texting between an iPhone and an Android device a better experience. The US technology giant has confirmed it will adopt the rich communication services (RCS) “later next year”. RCS is considered an industry standard for messaging and allows users to send and receive high-quality photos […]

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