Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "fung"


25 mentions found


Until now, the social platforms have largely had the same response: We’ll help teens and families make smart decisions themselves. But now, with growing claims that social media can hurt young users, including worries that it risks driving them to depression or even suicide, online safety advocates say that response falls far short. This month Meta announced a proposed blueprint for federal legislation calling for app stores, not social media companies, to verify users’ ages and enforce an age minimum. Safety action beyond CongressAs efforts to rein in tech platforms have ground to a standstill on Capitol Hill, much of the momentum for regulating social media has picked up outside the halls of Congress. Elsewhere, state-backed and consumer lawsuits against the companies are ramping up pressure to regulate tech platforms as the litigation reveals more about their inner workings.
Persons: Mark Zuckerberg, Zuckerberg, Linda Yaccarino, Evan Spiegel, Jason Citron, , Jeff Chester, TikTok, , Meta, ’ Instagram, Frances Haugen, Josh Golin, Zamaan Qureshi, Qureshi, Elon Musk, X, ” Golin Organizations: CNN, , Center for Digital Democracy, Meta, Center, Locations: , Arkansas , Louisiana , Ohio , Utah, Austin , Texas
The number of robocalls placed in the US peaked at around 58.5 billion in 2019, according to estimates by YouMail, a robocall blocking service. For all robocalls, including those Americans have authorized from their bank or doctor’s office, any use of AI would have to be disclosed under the proposed law. But even as officials have gained some ground on unwanted robocalls, those making the calls are increasingly turning to new technologies such as artificial intelligence to stay a step ahead. It would also seek to force phone providers to offer free robocall-blocking services to consumers and require the FCC to maintain a public list of the top 100 illegal robocall campaigns. Other Democratic co-sponsors of the legislation include Illinois Rep. Jan Schakowsky, California Rep. Doris Matsui, Florida Rep. Darren Soto and Illinois Rep. Eric Sorensen.
Persons: Joe Biden, Frank Pallone, Pallone, ” Pallone, Jan Schakowsky, Doris Matsui, Darren Soto, Eric Sorensen Organizations: Washington CNN, House Democrats, New, New Hampshire voters, YouMail, CNN, House Energy, Commerce, Federal Communications Commission, Regulators, Industry, FCC, Federal Trade Commission, Democratic, Illinois, California Rep Locations: New Hampshire, California, Florida
It appears that a soft landing, where price rises are tamed and the economy manages to avoid recession, is possible. Before the Bell: Is it fair to say that the US is outpacing China in the race for economic supremacy? Just last year people might have said the opposite — that the US was heading towards recession and the Chinese economy was thriving. It is remarkable to see the US economy blazing ahead while the Chinese economy sputters and slips into deflation. What else should investors be aware of when they read about the Chinese economy?
Persons: Bell, Eswar Prasad, Jamie Dimon, he’s, Marianne Lake, Jennifer Piepszak, Piepszak, Troy Rohrbaugh, Rohrbaugh, Dimon, hasn’t, , Brian Fung, Oregon Democratic Sen, Ron Wyden, Biden Organizations: CNN Business, Bell, New York CNN, Cornell University, International Monetary, JPMorgan, JPMorgan Chase, Bloomberg, NSA, National Security Agency, Oregon Democratic, Pentagon, CNN Locations: New York, China, Oregon
Washington CNN —The National Security Agency has been buying Americans’ web browsing data from commercial data brokers without warrants, intelligence officials disclosed in documents made public by a US senator Thursday. The purchases involve what Nakasone described as netflow data, or the technical information generated by devices as they use the internet. Nakasone added that the NSA does not purchase cellphone location data of Americans or location data generated by automotive infotainment systems in the United States. “NSA purchases commercially available Netflow data for its cybersecurity mission, to include but not limited to inform the Agency’s collection, analysis, and dissemination of cyber threat intelligence,” an NSA official said. As part of Thursday’s announcement, Wyden wrote a letter to the Biden administration urging it to stop the warrantless surveillance of Americans through the purchases of internet data.
Persons: Oregon Democratic Sen, Ron Wyden, Biden, , Paul Nakasone, Wyden, Nakasone, , Ronald Moultrie, Allison Nixon, ” Nixon, Timothy Haugh, ” Wyden, Avril Haines, Haines, Lina Khan, CNN’s Sean Lyngaas Organizations: Washington CNN, National Security Agency, Oregon Democratic, Pentagon, CNN, The New York Times, NSA, Defense Department, cyberattacks, Defense Intelligence Agency, Federal Trade Commission, InMarket Media, FTC Locations: Oregon, United States, U.S
CNN —Apple announced sweeping new changes to its handling of apps in Europe on Thursday, including plans to allow third-party app stores on iPhones and iPads for the first time in company history and significant cuts to Apple’s app store fees. The unprecedented updates, which are a response to new European regulations set to take effect in March, reflect some of the most consequential changes to Apple’s app business since the debut of its proprietary app store 15 years ago, which forms the bedrock of its walled garden ecosystem. And for developers, other changes to Apple’s terms may give them more flexibility in how they market themselves to users. Under the changes, Apple said it will allow users to download third-party app stores onto their devices from websites outside of Apple’s own ecosystem. The app stores, Apple said, will exist as standalone apps on an iOS device with the authority to install other apps offered by those third-party marketplaces.
Persons: CNN —, Apple Organizations: CNN, CNN — Apple, Union, Apple Locations: Europe, Union, Apple’s
5 huge challenges facing Apple this year
  + stars: | 2024-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
Behind in generative AI. A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei. Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone. Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years. Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.
Persons: , David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, , Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy Organizations: CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic Locations: China, Shanghai, Cupertino , California, Milan, Italy, AFP
Authorities seeking Ring surveillance videos must now submit a formal legal request to the company, rather than soliciting footage directly from users through the app, Ring said in a blog post Wednesday. Hundreds of law enforcement agencies have struck up partnerships with Ring, according to a tracker maintained by the consumer advocacy group Fight for the Future. But, he warned, it would not necessarily stop police from continuing to persuade Ring users to voluntarily give up their rights. Police are able to contact Ring users off the app. And Ring users can still decide if they want to voluntarily send video, sounds or images from their Ring devices to law enforcement.
Persons: , Evan Greer, Matthew Guariglia, Guariglia, didn’t, Ring, Massachusetts Democratic Sen, Ed Markey, , enforcement’s Organizations: CNN, , Electronic Frontier Foundation, Police, Fraternal, of Police, EFF, Massachusetts Democratic Locations: Massachusetts
The information for the following product(s) has been collected independently by Business Insider: Capital One Venture X Business Card†. The Capital One Venture X Business Card† is available to new applicants. And now you can get those same benefits and more on a version of the card tailored to small business owners: the Capital One Venture X Business Card†. What to know about the Capital One Venture X Business cardWhen Capital One first announced the Capital One Venture X Business Card† in February 2023, it said the card would only be available to customers through a Capital One Relationship Manager. The Capital One Venture X Business Card† has a $395 annual fee.
Persons: you'd Organizations: Business, Venture, American Express, Chase Sapphire, Capital, One, eBay
CNN —A Texas man is suing Macy’s and the parent company of Sunglass Hut after the two companies allegedly relied on error-prone facial recognition technology to falsely accuse him of armed robbery. “They were misled by Sunglass Hut and Macy’s and the reason why Murphy was jailed is because of the actions of these companies. In 2020, the American Civil Liberties Union challenged Detroit’s police department over what the group described as the first known wrongful arrest involving facial recognition. Facial recognition concernsFor years, civil liberties and privacy experts have warned of the risks of overly casual facial recognition use or an overreliance on the technology, and the possibility that algorithmic bias could lead to misidentification, racial discrimination or other unintended consequences. The FTC has similarly moved to restrict Instagram-parent Meta from using facial recognition technology, which Meta has challenged in court.
Persons: CNN —, Macy’s, Harvey Murphy Jr, Murphy’s, Murphy, , Daniel Dutko, , EssilorLuxottica didn’t, EssilorLuxottica, Dutko, ” Dutko, Sunglass, “ We’re, they’re, ‘ We’ve, Meta Organizations: CNN, The Washington Post, Houston police, Department of Motor Vehicles, Houston, American Civil Liberties Union, Office, Federal Trade Commission, Aid, FTC Locations: Texas, Sunglass, Harris County, Houston, Sacramento , California, Harris, EssilorLuxottica, Michigan, Detroit
New York CNN —eBay is cutting 1,000 roles, about 9% of its full-time employees, the company’s CEO announced online Tuesday. CEO Jamie Iannone cited the “challenging macroeconomic environment” as an external pressure but added that there are factors the company can control. “We’re committed to treating everyone with respect and empathy through this transition and providing impacted employees with support and resources,” Iannone said. The eBay action is the latest round of layoffs to hit the tech industry in the first month of 2024, after an already difficult 2023 for the sector. Almost 11,000 tech employees have been laid off at 63 companies so far in 2024, according to data from layoffs.fyi.
Persons: Jamie Iannone, Iannone, , “ We’re, ” Iannone, Sundar Pichai, ” Duolingo, Brian Fung, Jennifer Korn, Clare Duffy, Catherine Thorbecke Organizations: New, New York CNN, eBay, Google Locations: New York, layoffs.fyi
Washington CNN —Social media companies should be treated as utilities such as telephone or telegraph companies, a group of states led by Republican attorneys general told the US Supreme Court on Monday. Contested state laws forcing social media companies to carry all online speech are constitutional because tech platforms enjoy “hyperconcentration” of economic power, the group argued. The high-stakes case could determine the future of social media moderation and online political speech and is expected to go to oral argument next month. The case could have implications on the posts that people and institutions make on social media during this presidential election cycle. In their brief, the states noted “striking similarities between social media companies and telegraph and telephones,” and that those similarities justify tough new rules barring discrimination on the basis of political viewpoint.
Organizations: Washington CNN — Social, Republican, US, Meta, Facebook, ” Tech Locations: Arizona, Texas, Florida
CNN —The US government is coming down hard on a data broker accused of selling consumers’ detailed location histories without their consent, highlighting privacy regulators’ growing focus on a sensitive and revealing form of personal information. But InMarket never got those people’s informed consent before using that data for advertising, according to the FTC. In addition to banning InMarket from selling or licensing the data, it also forced the company to either delete all of its previously collected location data or to take steps to anonymize it. Policy experts have highlighted the potential for location data to reveal whether a person has sought certain medical care. “All too often, Americans are tracked by serial data hoarders that endlessly vacuum up and use personal information,” FTC Chair Lina Khan said in a statement on the InMarket settlement.
Persons: InMarket, , ” InMarket, , Roe, Wade, Thursday’s, , Lina Khan, “ We’ll Organizations: CNN, Federal Trade Commission, InMarket Media, FTC, Google Locations: Texas
Stock buybacks struggled to recover last year after taking a hit in 2022, even as corporate earnings began to rebound. Investors view buybacks as an indication that a company’s leadership believes its own shares are undervalued and are confident about its future performance. Buybacks also tend to push up share prices due to the added demand. ONEOK, a natural gas company, on Wednesday unveiled a $2 billion share repurchase program. The week’s total for initial claims landed far below economists’ projections for 205,000 initial claims, according to FactSet estimates.
Persons: Stock buybacks, Buybacks, buybacks, , , Howard Silverblatt, Dow, Sundar Pichai, Brian Fung, Pichai, ” Pichai, Read, , Alicia Wallace Organizations: CNN Business, Bell, New York CNN, Deutsche Bank, Wednesday, Deutsche, Federal Deposit Insurance Corporation, Dow Jones, Google, CNN, of Labor Locations: New York, Lennar, buybacks
Some parts of Google’s business will not be hit by this year’s changes, he said. “The reality is that to create the capacity for this investment, we have to make tough choices …. The memo came as The New York Times reported Wednesday that Google-subsidiary YouTube was laying off 100 workers. CNN has not independently verified the YouTube layoffs. A Google spokesperson confirmed to CNN the existence of Pichai’s memo as well as the YouTube layoffs, which affect roughly 100 roles in the company’s partnerships organization that handles outreach to YouTube content creators.
Persons: Sundar Pichai, Pichai, , ” Pichai Organizations: CNN, , Google, New York Times, YouTube
Sheryl Sandberg to leave Meta board
  + stars: | 2024-01-17 | by ( Clare Duffy | ) edition.cnn.com   time to read: +3 min
New York CNN —Former longtime Meta chief operating officer Sheryl Sandberg will not remain on the company’s board of directors after her term ends in May, she said in a Facebook post Wednesday. “With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May,” Sandberg said in the post. Meta did not immediately respond to a request for comment about Sandberg’s decision to leave the board. In partnership with Zuckerberg, Sandberg helped grow Facebook’s revenue from roughly $150 million in 2007 to more than $3.7 billion in 2011, the year before it went public. In 2022, the year Sandberg stepped down as COO, Meta posted total annual revenue of $116.6 billion.
Persons: Sheryl Sandberg, ” Sandberg, Sandberg, Mark Zuckerberg “, Sheryl, ” Zuckerberg, , Meta, Bill Clinton, Zuckerberg, “ Sheryl architected, Riley Gutiérrez McDermid, Brian Fung, Rishi Iyengar Organizations: New, New York CNN, Meta, Facebook, Lean, Google, World Bank, Treasury Department Locations: New York, reorient
Under its policies, OpenAI said in a blog post, users may not create chatbots posing as political candidates or government agencies and officials, such as the secretaries of state who administer US elections. But even social media firms that are much bigger than OpenAI, and that dedicate massive teams to election integrity and content moderation, have often shown that they struggle to enforce their own rules. OpenAI is likely to be no different — and a lack of federal regulation is forcing the public to simply take the companies at their word. Meta said last year it would bar political campaigns from using generative AI tools in their advertising and require politicians to disclose the use of any AI in their ads. In Congress, some lawmakers have proposed a national ban on the deceptive use of AI in all political campaigns, but that legislation has not advanced.
Persons: OpenAI, Meta, , Chuck Schumer, deepfakes, Joe Biden’s, Arpit Garg, Biden Organizations: CNN, Big Tech, YouTube, Commission
Apple estimated in 2022 that developers generated $1.1 trillion in the App Store that year, making the high court’s decision not to hear the case a major blow to Apple. It also highlights how a lawsuit triggered by “Fortnite”-maker Epic Games appears to have resulted in lasting changes to Apple’s app store, affecting potentially millions of apps across iOS. That court order, first issued by a federal district court in Apple’s landmark antitrust battle against Epic Games, could affect potentially millions of app developers, Apple said in its Supreme Court filings. The lower courts in the Apple case have held that Apple is not a monopolist in app distribution. At the same time, however, a federal jury last month issued a unanimous verdict finding that Google’s app store violates federal antitrust laws.
Persons: “ Fortnite, Apple, Apple didn’t, Tim Sweeney Organizations: CNN, Apple, US, Epic, Epic Games, Google, Android Locations: Apple’s
Washington CNN —Security researchers warned Apple as early as 2019 about vulnerabilities in its AirDrop wireless sharing function that Chinese authorities claim they recently used to track down users of the feature, the researchers told CNN, in a case that experts say has sweeping implications for global privacy. AirDrop lets Apple users who are near each other share files using a proprietary mix of Bluetooth and other wireless connectivity without having to connect to the internet. A Chinese tech firm, Beijing-based Wangshendongjian Technology, was able to compromise AirDrop to identify users on the Beijing subway accused of sharing “inappropriate information,” judicial authorities in Beijing said this week. The Chinese tech firm, Wangshendongjian Technology, that claimed to have exploited AirDrop appeared to have used some of the same techniques first identified by the Darmstadt researchers in 2019, said Alexander Heinrich, one of the German researchers. “Now that Chinese security agencies are exploiting this vulnerability, it’s a tough political problem for Apple.”
Persons: Apple, , , Benjamin Ismail, Florida Sen, Marco Rubio, ” Rubio, Milan Stute, Sascha Meinrath, Palmer, Alexander Heinrich, ” Heinrich, Kenn White, Heinrich et al, ” White, Sen, Ron Wyden, ” Wyden, “ Apple, Qi An Xin, Dakota Cary, SentinelOne, Ismail, would’ve, Matthew Green Organizations: Washington CNN —, CNN, Apple, Bluetooth, Technology, Republican, Senate Intelligence Committee, Technical University of Darmstadt, Penn State University, Wangshendongjian Technology, ” Apple, Oregon Democrat, Beijing, Olympic, Xinhua, Johns Hopkins University, Locations: China, Washington, Hong Kong, Beijing, Florida, Germany, Darmstadt, Oregon, cyberattacks, Dakota
The layoffs include hundreds of employees who work on some of the company’s most recognizable products, including Google Assistant, the voice-activated software that helps users check the weather, set timers and quickly look up facts. The Google Assistant layoffs are at least partly driven by a shift in focus toward artificial intelligence, Google said, amid plans to more deeply integrate the company’s latest AI models into its products. Google is working to find other roles for some of the affected employees amid the restructuring, the company said. “We’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” a Google spokesperson said in a statement. The layoffs were earlier reported by Semafor and 9to5 Google, which also reported that Fitbit co-founders James Park and Eric Friedman are departing Google as part of this week’s changes.
Persons: , , Semafor, Fitbit, James Park, Eric Friedman Organizations: Washington CNN, Google, CNN
CNN —An Ohio law regulating kids’ accounts on social media likely violates the First Amendment in “breathtakingly blunt” ways and cannot take effect next week as scheduled, a federal judge has ruled. The state law set to take effect Jan. 15 would have required social media platforms to obtain parental consent before creating accounts for children under age 16. The decision to pause the law while litigation continues marks another early-stage victory for the tech industry against a wave of state social media laws seeking to govern how tech companies engage with young users. Those laws have emerged as a response to nationwide concerns about the possible link between social media use and harms to mental health, particularly for minors. NetChoice had argued that Ohio’s law infringes on the First Amendment rights of social media companies and underage Ohioans alike.
Persons: Algenon Marbley, Marbley, NetChoice, infringes, , Chris Marchese Organizations: CNN, Court, Southern, Southern District of Ohio, Social Media, Google Locations: An Ohio, Southern District, Arkansas, California, Utah
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Review: Wells Fargo Active Cash card reviewInk Business Cash® Credit CardBest for office supplies Ink Business Cash® Credit Card Apply now lock icon An icon in the shape of lock. The Capital One Venture X Rewards Credit Card is a premium travel credit card that earns 2 Capital One miles per dollar on most purchases. Excellent, Good, Fair Pros Check mark icon A check mark. Annual Fee $0 Intro APR N/A Regular APR 20.49% Variable Intro Offer N/A Recommended Credit Excellent Pros Check mark icon A check mark.
Persons: Chase, , takeout, cardholders, Cash, you'll, American Express cardholders, Wells, you've, It's, You'll, doesn't, Amex Organizations: Business, Citi, Bank, Amazon.com, Foods, Chase Travel, Amazon, Visa, FDIC, Chase, PayPal, American Express, Express, Disney, ESPN, Wells, Ink, Capital, One, Air, Turkish Airlines, Wyndham, Wholefoods, Card, Citi Best, EV, Costco, Costco.com, Cash, Cashback, Amex, Dell Locations: U.S, Hulu, Wells, Air Canada
Fidelity fund again trims Elon Musk’s X valuation
  + stars: | 2024-01-02 | by ( Brian Fung | ) edition.cnn.com   time to read: +1 min
The latest disclosure by a Fidelity mutual fund reflects a long-running trend that has steadily reduced X’s estimated value over the past year amid successive crises at the company, many of which have been driven by owner Elon Musk. The filing said its shares in X represent less than .01% of the total value of the fund, which it said is more than $49 billion. Fidelity did slightly increase its estimated value of X multiple times last summer, around when Linda Yaccarino became X’s CEO. Since then, however, Fidelity has continued to cut the estimated value of its X shares. With X being privately held, Fidelity’s estimates have emerged as a closely watched indicator of X’s health and a reflection of the attitudes of Musk’s own investors.
Persons: Musk, Elon Musk, Fidelity’s, Linda Yaccarino Organizations: CNN, Investment, Fidelity, Twitter, Growth, Axios
The information for the following product(s) has been collected independently by Business Insider: U.S. Bank Altitude® Go Visa® Secured Card, U.S. Bank Altitude® Go Visa Signature® Card. U.S. Bank Altitude Go Secured Card Annual Fee and Other CostsThe U.S. Bank Altitude® Go Visa® Secured Card is a $0-annual-fee card. U.S. Bank Altitude Go Secured Credit Card ComparisonU.S. Bank Altitude Go Visa Secured Card vs. U.S. Bank Secured Visa CardThe U.S. Bank Altitude® Go Visa® Secured Card is a more appealing secured credit card overall because it offers rewards, while the U.S. Bank Secured Visa® Card is extremely straightforward, with no rewards, but if it's your only option it could be worth it to boost your credit score — you can worry about credit card points or cash back later. Discover it Secured CardBoth the U.S. Bank Altitude® Go Visa® Secured Card and the Discover it® Secured Credit Card offer rewards on your spending, but the Discover it® Secured Credit Card earns cash back. U.S. Bank Altitude Go Secured Frequently Asked Questions (FAQ)Is the U.S. Bank Altitude Go Secured card worth it?
Persons: you've, It's, You'll, HBO Max, Hulu, you'll Organizations: Business Insider, U.S, EV, Business, Netflix, Spotify, Bank, Go, Card, Quicksilver, Capital, U.S . Bank, Amazon, Amazon Prime, Apple Music, Apple, DirecTV, ESPN, HBO, MLB TV, NBA, NHL, Paramount, Showtime, Slacker, Starz, YouTube, Go Visa, Visa Locations: U.S, Luminary
The lawsuit in Indiana sought court-ordered fines and restrictions on TikTok for allegedly violating state consumer protection laws. Both cases reflected concerns expressed by government officials at all levels in the United States about TikTok’s ties to China through its parent company, ByteDance. Calls for a TikTok ban in the US first arose during the Trump administration and have waxed and waned in the years since, but most attempts to ban the app have been challenged in court. What comes nextUltimately, the state-level efforts in Indiana and Montana failed for many reasons, Goldman said, and policymakers should take note of this. The Indiana decision is less likely to have a nationwide impact, Goldman added, simply due to the typical obscurity of state court rulings and how state laws differ from one jurisdiction to another.
Persons: TikTok, ” Eric Goldman, , Trump, Donald Molloy, Molloy, Patrick Toomey, , ” Molloy, , Jennifer DeGroote, DeGroote, Goldman, Blake Reid, Reid Organizations: CNN, TikTok, Santa Clara University, American Civil Liberties, Security, University of Colorado Locations: Indiana, Montana, United States, China
Thursday’s lawsuit in Washington federal court calls for a halt to the FTC’s proceeding, arguing that it is an unconstitutional abuse of government power. Meta appealed that decision on Tuesday, but Thursday’s lawsuit expands the company’s pushback further. The FTC declined to comment on the new suit. After alleging new violations of Meta’s 2020 consent order, the FTC proposed in May to expand the terms of the company’s settlement to include significant new restrictions barring it from monetizing the personal data of users under age 18. If approved, the restrictions could significantly limit Meta’s data-driven business, particularly as it seeks to court younger users and to grow in new product areas, such as virtual reality.
Persons: Washington CNN —, Meta Organizations: Washington CNN, Meta, Federal Trade Commission, FTC, Supreme Locations: Washington
Total: 25