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New York CNN —It appears TikTok is growing its teams that work on messaging features, according to a series of job listings recently posted by the social media company. TikTok does allow users to direct-message already, via a button on the profile of the user they want to chat with. The messaging job listings were first reported by Axios. The language in many of the current job listings is relatively vague. Still, one post for an engineering lead for the “TikTok Social” team based in Singapore explains: “We are the messaging team on TikTok.
Persons: , TikTok, Axios Organizations: New, New York CNN, TikTok Locations: New York, Singapore, San Jose , California, Los Angeles
New York CNN —The US Department of Energy said Thursday it plans to fuel the auto industry’s transition to electric vehicles with $12 billion in loans and grants. Hard on the heels of President Joe Biden’s goal to spur the sale of EVs in the United States, the Energy Department will provide $2 billion in grants and $10 billion in loans to support the conversion of US automaker and supplier facilities into manufacturing centers for hybrid and electric vehicles. The program aims to build or refurbish factories in communities with existing auto manufacturing facilities and to bolster the domestic EV supply chain. The Energy Department also said it plans to invest a separate $3.5 billion to boost US production of advanced batteries and battery materials to support the country’s transition to electric vehicles and clean energy. It also noted that light duty vehicles, the average cars Americans drive, account for 58% of those emissions.
Persons: Joe Biden’s, Biden, , Jennifer Granholm, , Shawn Fain Organizations: New, New York CNN, US Department of Energy, Energy Department, , The Energy Department, United Auto Workers union, Biden Administration, UAW, Congressional Locations: New York, United States
New York CNN —Newspaper chain Gannett has paused the use of an artificial intelligence tool to write high school sports dispatches after the technology made several major flubs in articles in at least one of its papers. Several high school sports reports written by an AI service called LedeAI and published by the Columbus Dispatch earlier this month went viral on social media this week — and not in a good way. Many of the reports feature identical language, describing “high school football action,” noting when one team “took victory away from” another and describing “cruise-control” wins. Gannett has paused its experiment with LedeAI in all of its local markets that had been using the service, according to the company. CNET earlier this year also paused an experiment using AI to write stories after it was forced to issue multiple corrections on AI-generated reports.
Persons: LedeAI, , Axios, , ” LedeAI Organizations: New, New York CNN — Newspaper, Gannett, Columbus Dispatch, Machine, Worthington, CNN, Louisville Courrier, AZ, Milwaukee Journal Sentinel, Dispatch, CNET Locations: New York, Ohio, AZ Central, Florida, , , OpenAI
CNN —X, the platform formerly known as Twitter, is hiring for its safety and elections teams ahead of the 2024 US presidential election and will again allow political ads for the first time since 2019. Shortly after his takeover, Musk laid off huge swaths of the company’s staff, including many employees responsible for safety, platform manipulation and election policy. It also follows criticism by Musk about how the platform’s previous leadership handled political discourse, including claims of censorship. X added that it is following through on a commitment to allow expanded political advertising. On Tuesday, X said promoted political posts would again be allowed and that the ads would be subject to certain policies.
Persons: , Elon Musk, Musk, , ” X, X Organizations: CNN, Twitter, Digital Services Locations: X’s
Trump’s return appeared to be welcomed by X owner Musk, who has been encouraging politicians and public figures to post on the site in a bid to improve user numbers. If Trump decides to return to regularly posting on X, it could be a major boon to the platform’s effort to attract an audience as it faces increased competition. Trump’s return “should have a positive impact on [X’s] engagement at a time when it needs it,” D.A. What’s more, after making his return to X, Trump appeared to try to clarify where his loyalty lies. !” Trump posted on the X competitor platform.
Persons: Elon Musk, Donald Trump’s, Trump, Trump’s, Musk, ” D.A, Davidson, Tom Forte, Linda Yaccarino, , ” Forte, , ” Trump Organizations: New, New York CNN, Twitter, Republican, CNN, Nazi, Trump, Facebook Locations: New York, Georgia, Washington
T-Mobile to lay off 5,000 workers
  + stars: | 2023-08-24 | by ( Clare Duffy | ) edition.cnn.com   time to read: +2 min
New York CNN —T-Mobile on Thursday announced it plans to lay off 5,000 employees, or around 7% of its total staff, over the next five weeks. The company also plans to reduce its spending on “external workers and resources,” but its retail and “consumer care” staff who work directly with customers will not be affected, he said. T-Mobile’s stock has fallen more than 7% since last August. Affected employees will receive “competitive severance packages” based on tenure, as well as accelerated stock vesting, access to career transition services and other benefits, Sievert told employees. He added that the company is not planning additional, widespread employee reductions in the foreseeable future.
Persons: New York CNN —, Mike Sievert, ” Sievert, Sievert, , Organizations: New, New York CNN, Mobile, Microsoft, Meta, Sprint Locations: New York
New York CNN —The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia. Nvidia expects revenue to be even higher in the current quarter: forecasting revenue of $16 billion for its fiscal third quarter. Nvidia’s stock has climbed by just over 220% since the start of this year amid a surge in the popularity of and demand for artificial intelligence technology. The American chipmaker produces processors that power generative AI, technology that can create text, images and other media — and which forms the foundation of buzzy new services such as ChatGPT. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI,” Nvidia CEO Jensen Huang said in a statement, adding that the company is working with “Leading enterprise IT system and software providers … to bring NVIDIA AI to every industry.”“The race is on to adopt generative AI,” he said.
Persons: Zakaria, , Colette Kress, Jensen Huang, Huang, Jacob Bourne, , ” Kress Organizations: CNN, Intelligence, New, New York CNN, Nvidia, Santa, Wall, Companies, NVIDIA, Locations: New York, Santa Clara , California
CNN —Artificial intelligence darling Nvidia’s upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums. Nvidia reached a $1 trillion market cap in May, becoming the ninth company to achieve that milestone. Tech stocks rose on Monday, indicating optimism among investors about Nvidia’s earnings. The tech-heavy Nasdaq Composite index on Monday gained 1.6%, marking its biggest one-day jump this month and stalling the recent sell-off in tech stocks. Tech stocks faltered somewhat on Tuesday, as weak retail earnings and elevated Treasury yields put pressure on stocks.
Persons: Jensen Huang, Phillip Toews, that’s, , , Louis Navellier, Dan Ives, Jerome Powell, Anna Bahney, Read, Clare Duffy, , X Organizations: CNN Business, Bell, CNN, Nvidia, Toews Asset Management, US Federal Reserve, Apple, Meta, Microsoft, Tesla, Navellier, Associates, Tech, Nasdaq, Wedbush Securities, Federal, Kansas City, Dow Jones, National Association of Realtors, NAR, Homeowners, Twitter Locations: Jackson Hole , Wyoming, Northeast, Midwest, West
Meta’s Threads is finally available on desktop
  + stars: | 2023-08-22 | by ( Clare Duffy | ) edition.cnn.com   time to read: +3 min
New York CNN —Threads users, rejoice: the app is rolling out its highly anticipated web version Tuesday. The company says it plans to add more desktop features in the future. Threads has been steadily rolling out smaller updates but the hotly demanded web version could help reignite stronger user engagement. Meta's Threads is rolling out desktop access for users starting on Tuesday. Meta employees have for weeks teased that a desktop version of Threads was in the works and being tested internally.
Persons: , X, Elon Musk, Instagram, Adam Mosseri, “ it’ll, , Mark Zuckerberg, , we’re Organizations: New, New York CNN, Twitter, Meta, CNN, DMs Locations: New York
New York CNN —Anyone in the United States who had a Facebook account in the past 16 years has roughly one week left to file for payment in a data privacy settlement case. That includes roughly 70 million US-based users’ private Facebook data that was accessed by the political consulting firm Cambridge Analytica, which had been working for the Trump presidential campaign in 2016. That hearing is scheduled for September 7 at 1 pm PT, according to the Facebook user privacy settlement website. Facebook users were allowed to “opt out” of being in the settlement class and preserve their right to sue. By joining the “settlement class,” and claiming a payment, you will no longer be able to sue Facebook or join others’ lawsuits against Facebook for matters covered by the settlement.
Persons: everyone’s, Organizations: New, New York CNN, Meta, Facebook, Cambridge Analytica, Trump Locations: New York, United States
New York CNN —At least two brands have said they will suspend advertising on X, the platform formerly known as Twitter, after their ads and those of other companies were run on an account promoting fascism. Spokespeople for NCTA and pharmaceutical company Gilead said that they immediately paused their ad spending on X after CNN flagged their ads on the pro-Nazi account. Hours after the Media Matters report was published Wednesday morning and CNN observed additional brands’ ads running on the account, the account appeared to be suspended. “Media Matters and other observers have documented how X has remained a dangerous cesspool of content, especially for advertisers,” Wednesday’s report states. Media Matters says it has also documented instances of brands’ ads being placed next to content from Holocaust denial and white nationalist accounts.
Persons: Linda Yaccarino, Hitler, Gilead, , Brian Dietz, ” “, ” Dietz, X, Jason Yellin, NYU Langone, , Elon, Musk, Yaccarino —, X —, ” Yaccarino, Yaccarino Organizations: New, New York CNN, Media, America, Nazi Party, Adobe, Gilead Sciences, University of Maryland’s, New York University Langone Hospital, Television Association, CNN, ” “ Brand, University of, Maryland Football, NYU, Twitter, CNBC, “ Media, X Locations: New York, Elon Musk’s
New York CNN —YouTube announced Tuesday that it will start removing false claims about cancer treatments as part of an ongoing effort to build out its medical misinformation policy. Under the updated policy, YouTube will prohibit “content that promotes cancer treatments proven to be harmful or ineffective, or content that discourages viewers from seeking professional medical treatment,” Dr. Garth Graham, head of YouTube Health, said in a blog post Tuesday. As part of the announcement, YouTube is rolling out a broader updated medical misinformation policy framework that will consider content in three categories: prevention, treatment and denial. YouTube says its restrictions on cancer treatment misinformation will go into effect on Tuesday and enforcement will ramp up in the coming weeks. YouTube also plans to promote cancer-related content from the Mayo Clinic and other authoritative sources.
Persons: ” Dr, Garth Graham, , it’s, ” Graham Organizations: New, New York CNN, YouTube, World Health Organization, Mayo Clinic Locations: New York
However, the delays affected the sites for rival platforms, as well as news outlets that Twitter owner Elon Musk has previously criticized. Will Dormann, a cybersecurity researcher, plugged the New York Times website into a basic command program on his Mac and compared the loading time for that website with that of a dummy website. The load time for the New York Times site was about 4.5 seconds longer, Dormann told CNN Tuesday. X, like other platforms, uses a link-shortener service to collect information on users who click on links shared on the platform. Reuters said in a statement that it was aware of reports “of a delay in opening links to Reuters stories on X.
Persons: Musk, Elon Musk, Will Dormann, Dormann, ” Dormann, Mark Zuckerberg, Zuckerberg, ” “ Elon won’t, ” Zuckerberg, cofounders Chris Best, Hamish McKenzie, Jairaj Sethi, , cofounders, ” Bluesky, X, Jon Passantino, Oliver Darcy Organizations: New, New York CNN, Twitter, New York Times, Reuters, Facebook, CNN, NBA.com, Target, Hacker, The New York Times Locations: New York
Safety officials at one New York beach are ramping up the use of drones to try to prevent potentially dangerous interactions between humans and sharks. Lifeguards and New York State Park Police officers at Jones Beach — a state park that stretches 6.5 miles along the Southern coast of Long Island and sees six million visitors a year — are using the technology to monitor the waters off the shore. When they spot sharks or unusual sea life activity, they can warn swimmers to stay on the beach. The next day, lifeguards at Jones Beach closed the water three times after possible shark sightings, two of which were made with drones. New York State Park PoliceThe technology has uses beyond searching for sharks, too.
Persons: Rishi Basdeo, , You’re, Basdeo, , , ” Basdeo, We’re Organizations: New, New York CNN, New York, Park Police, Jones, CNN, Federal Aviation Administration, . New Locations: New York, Long, , New York, Southern, Beach, Queens, York, ., . New York
X is ‘close to breakeven’ says CEO Linda Yaccarino
  + stars: | 2023-08-10 | by ( Clare Duffy | ) edition.cnn.com   time to read: +5 min
New York CNN —X CEO Linda Yaccarino, leader of the platform formerly known as Twitter, said the company is keeping an eye on new competitor Threads, despite the sharply slowing growth of the rival app from Meta. Musk, who is now the company’s chief technology officer, has also been preparing for a cage fight with Meta CEO Mark Zuckerberg. Yaccarino joined the company after months of turmoil caused by Musk’s takeover, including mass layoffs, controversial policy decisions and various legal battles. Yaccarino, a former marketing executive with NBCUniversal, was brought on to Twitter in part to help revive its advertising business. And she said on Thursday that the company is “close to breakeven.”“Coca Cola, Visa, State Farm is a huge partner, they’re coming back — the last bunch of weeks, continued revenue growth,” Yaccarino said.
Persons: Linda Yaccarino, it’s, ” Yaccarino, they’ll, , Yaccarino, we’re, Staving, Elon Musk, WeChat, Mark Zuckerberg, , Musk, they’re Organizations: New, New York CNN, Twitter, Meta, CNBC, Fidelity, Visa Locations: New York, breakeven, Coca Cola
Others have said they don’t want their work being used to train AI models, which could then be used to imitate them. Amazon removed the fake books being sold under Friedman’s name and said its policies prohibit such imitation. Author Jane Friedman found several books being sold under her name on Amazon, only she didn't write them — she suspects artificial intelligence did. The Authors Guild has been working with Amazon since this past winter to address the issue of books written by AI, Rasenberger said. And, she said, companies and publishers should continue investing in creative work made by humans, even if AI appears more convenient.
Persons: Jane Friedman, I’ve, ” Friedman, , ” Mary Rasenberger, Rasenberger, James Patterson, Roxane Gay, Margaret Atwood —, OpenAI, Friedman, they’d, Ashley Vanicek, , Suzanne Skyvara Organizations: New, New York CNN, Amazon, CNN, Authors, Microsoft, Twitter Locations: New York
The latest rival, Threads, was launched by Facebook-parent Meta and got a stunning start earlier this month. Facebook … when you’re looking for community (or used furniture)With more than 2 billion daily users around the world, it’s tricky to describe the stereotypical Facebook user. Pinterest … when you’re looking for inspirationPinterest lets users easily search for and organize visual-heavy inspiration on a wide range of creative topics. Twitter (aka X) … when you’re looking for what’s going on (for now)For years, Twitter was a central hub for real-time news. Threads … when you’re looking for musings from your favorite influencers, celebs and journalistsThe latest Twitter competitor, Threads, was launched by Facebook and Instagram parent company Meta.
Persons: Elon Musk, Instagram, it’s, Pinterest, , Snapchat, Charlie, “ David, , Nextdoor, Twitch …, Long, Donald Trump, Reddit, Musk, influencers, Jack Dorsey, Alexandria Ocasio Cortez, Chrissy Teigen Organizations: CNN, Facebook, , YouTube, LinkedIn, Capitol, Trump, Twitter, Meta, Democratic Rep Locations: Italy
New York CNN —In mid-July at the construction site at 1 Java Street in Brooklyn, New York, the outside temperatures can reach sweltering highs in the 90s. Geothermal technology is essentially a more eco-friendly version of an HVAC system, allowing the building spaces and water to be cooled and heated more efficiently, without traditional window AC units and natural gas. 1 Java Street in Brooklyn will use a geothermal sytstem for heating and cooling. In the winter, when the underground temperature exceeds the surface air temperature, water is used to transfer heat from the ground to building interiors; the process is reversed in the summer. Installing the building’s geothermal system increased construction costs by around 6%, according to Madi, and required securing equipment and trained manpower that remains relatively scarce.
Persons: New York CNN —, it’s, Biden, Layth Madi, Lendlease’s, , ” Madi, , Adam Alaica, ” Alacia, — Madi, York —, Alacia Organizations: New, New York CNN, New York State, International Energy Agency, CNN, Marvel, Lendlease, Geosource Energy Locations: New York, Brooklyn , New York, Greenpoint, Brooklyn’s, New York City, Brooklyn, Madi, York
New York CNN —Environmental, social and corporate governance, or ESG, investing is on a downward spiral. But in 2022, the pace of inflows quickly eased as a confluence of political, geopolitical and market events severely damaged interest in ESG investing. ESG investing took off and became a buzzword — the “artificial intelligence of six years ago,” said Jenkins. Alphabet reported revenue of $74.6 billion, marking a 7% jump compared to last year and beating Wall Street’s estimates. Banc of California reported a much smaller decline in net income of $2.4 million last quarter.
Persons: ESG, Larry Fink, , Robert Jenkins, Jenkins, , ” Jenkins, he’s, What’s, Clare Duffy, Catherine Thorbecke, Wall, ” Thomas Monteiro, , Elisabeth Buchwald, Jared Wolff, Wolff, PacWest Organizations: CNN Business, Bell, New York CNN, BlackRock, CNN, Lipper, Pleiades Strategy, Google, Microsoft, Wall, Bancorp, Western Bank, Beverly, Santa, Bank Locations: New York, YOLO, Ukraine, Banc, California, Santa Ana, United States
New York CNN —Meta on Tuesday launched a highly anticipated “following feed” option in its Threads app as part of its latest batch of updates that could help the new social platform further chip away at Twitter’s position in the market. The option to see a reverse chronological feed of posts from only accounts a user follows had been one of the most requested features since Threads launched earlier this month. Meta has been steadily rolling out updates to Threads as it tries to keep users engaged in the new app. Threads had a hugely successful launch, topping 100 million sign-ups in its first week, but engagement has declined somewhat since then. Meta’s ongoing work on Threads comes as the chaos at Twitter continues.
Persons: Mark Zuckerberg, , Meta, they’ve, Elon Musk, Organizations: New, New York CNN, Meta, Twitter, Locations: New York
When Musk bought Twitter late last year, he laid out a vision for an “everything” app called X, where users could communicate, shop, consume entertainment and more. Musk — who bought Twitter with a company called X Corp. — tweeted on Sunday that X.com now redirects to Twitter. Musk even told followers that tweets should instead be called “x’s.”On Sunday, CEO Linda Yaccarino seemed to confirm Musk’s vision for the company. Elon Musk has officially rebranded Twitter as "X," as he seeks to turn the platform into an "everything" app. And until Musk rolls out significant changes to the platform, observers of the company say ditching Twitter’s well-known brand is a risky move.
Persons: New York CNN — Elon Musk’s, Musk, — Musk, , , It’s, ” Mike Proulx, Forrester, Proulx, , Linda Yaccarino, ” Yaccarino, Elon Musk, Jonathan Brady, Walter Isaacson, texted Isaacson, ” “, ” Musk, he’s, WeChat, Deloitte, Instagram, Joshua White Organizations: New, New York CNN, Twitter, PayPal, Musk —, X Corp, SpaceX, Facebook, Vanderbilt University Locations: New York, China, Arizona, Michigan
OpenAI’s head of trust and safety is stepping down
  + stars: | 2023-07-21 | by ( Clare Duffy | ) edition.cnn.com   time to read: +2 min
New York CNN —OpenAI’s head of trust and safety announced on Thursday plans to step down from the job. OpenAI CEO Sam Altman called for AI regulation during a Senate panel hearing in March. Willner’s exit comes as OpenAI continues to work with regulators in the United States and elsewhere to develop guardrails around fast-advancing AI technology. OpenAI was among seven leading AI companies that on Friday made voluntary commitments agreed to by the White House meant to make AI systems and products safer and more trustworthy. As part of the pledge, the companies agreed to put new AI systems through outside testing before they are publicly released, and to clearly label AI-generated content, the White House announced.
Persons: New York CNN —, Dave Willner, , chatbot ChatGPT, OpenAI, Sam Altman, , Willner —, Airbnb — Organizations: New, New York CNN, Facebook, White House Locations: New York, OpenAI, United States
This latest round was led by Wellington Management, a firm known for taking companies public. Jens Grede, Skim’s CEO, recently told Dealbook that stock investors have shown an increased interest in consumer-oriented businesses like Skims and that an IPO is something the company wants. “At some point in the future, Skims deserves to be a public company,” he said. If a Skims IPO were to succeed, “companies, CFOs and investors in general will see this as a very positive sign,” said Sokhi. Netflix posted nearly $8.19 billion in revenue for the quarter, compared to the $8.3 billion Wall Street had projected.
Persons: Kim Kardashian, Goldman Sachs, , David Solomon, Ro Sokhi, Cava, “ There’s, Skims, Andy Muir, Jens Grede, Megan Penick, Robinson, Kardashian, we’re, , ” Adam Hodge, Volodymyr Zelensky, Russia “, Tesla, Chris Isidore, Refinitiv, Clare Duffy, Samantha Delouya Organizations: CNN Business, Bell, New York CNN, Wellington Management, Nike, US National Security Council, Russian Defense Ministry, Wednesday, Netflix Locations: New York, Cava, Skims, Russia, Ukraine, Europe, Odesa’s
After surpassing 100 million user sign-ups in less than a week, user engagement on Threads has slowed. Threads daily active users fell from 49 million on July 7, two days after its launch, to 23.6 million users last Friday, according to a report published this week by web traffic analysis firm Similarweb. “I’m very optimistic about how the Threads community is coming together,” Meta CEO Mark Zuckerberg said in a post on the platform Monday. “We’re clearly way out over our skis on this,” Mosseri said in a Threads post the week of the app’s launch. Threads could be a way for Meta to eke additional engagement time out of its massive existing user base.
Persons: It’s, , Mark Zuckerberg, who’s, Adam Mosseri, ” Mosseri, Mosseri, ” Meta, Elon Musk, , Ali Mogharabi, Musk, Scott Kessler, ” Kessler Organizations: New, New York CNN, Meta, Twitter, , ” Morningstar Locations: New York
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