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☆ Australia proposes ‘world-leading’ ban on social media for those under 16
▼ + stars: | 2024-11-07 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

“Social media is doing harm to our kids, and I’m calling time on it,” Albanese said at a news conference. A number of countries have already vowed to curb social media use by children through legislation, though Australia’s policy is one of the most stringent. No jurisdiction so far has tried using age-verification methods such as biometrics or government identification to enforce a social media age cut-off, two of the methods being trialed. Mick Tsickas / AP“The onus will be on social media platforms to demonstrate they are taking reasonable steps to prevent access,” Albanese said. Last year, France proposed a ban on social media for those under 15, though users were able to avoid the ban with parental consent.

Persons: Anthony Albanese, ” Albanese, Albanese, ”, Mick Tsickas, Michelle Rowland, Rowland, TikTok, Elon Musk’s, Sunita Bose, “ Organizations: Liberal Party, Australian, ”, Facebook, YouTube, Digital Industry Group, Google, DIGI Locations: SYDNEY, Australia, Canberra, France, United States

☆ South Korean court approves arrest warrant for Kakao founder
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: +1 min

A South Korean court approved early on Tuesday a prosecution request for a warrant to arrest Brian Kim, the billionaire founder of tech giant Kakao Corp, on accusations of stock manipulation during a 2023 acquisition. It is the latest legal twist for Kakao after the company and an executive went on trial last year for alleged wrongdoing during the same acquisition. Prosecutors say Kim was involved in manipulation of the stock price of SM Entertainment in February last year to hinder a competitor, Hybe, from acquiring the K-Pop agency. Not yet formally charged, Kim has denied the accusations, saying he has never ordered or tolerated any illegal activity, the company said in a statement. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a stake of 24% controlled by him or affiliated entities.

Persons: Brian Kim, Kim Organizations: Kakao Corp, Prosecutors, SM Entertainment

☆ Founder of South Korea’s Kakao arrested for suspected stock manipulation
▼ + stars: | 2024-07-23 | by ( ) edition.cnn.com time to read: +2 min

Seoul, South Korea —The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on Tuesday on accusations of manipulating stocks during the acquisition of a K-Pop agency last year. The case is the latest legal twist for Kakao, which runs South Korea’s largest chat app, after the company and another executive went on trial last year for alleged wrongdoing during the same acquisition. Any case against him could jeopardize Kakao’s investments into artificial intelligence as well as its overseas expansion plans, industry experts said. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a 24% stake that he and affiliated entities control. Kakao Corp shares dropped 3.4% during morning trade to the lowest since November, after falling 24% year-to-date.

Persons: Kim Beom, su, Kim, Brian Kim, Jakub Porzycki Organizations: South, Kakao Corp, Prosecutors, SM Entertainment, Seoul Southern, Court, Detention, KakaoBank Corp Locations: Seoul, South Korea, South Korean, Korean, Kakao

☆ TikTok influencers fear their careers will be destroyed and their work 'deleted forever' as a US ban looms
▼ + stars: | 2024-04-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

Chinese-owned ByteDance will be forced to sell TikTok to a US company or face a nationwide ban. AdvertisementThose who want the app banned argue that TikTok may be forced into giving over user data to the Chinese government. A ban would be "devastating" for her, she said, because years of her work would be "deleted forever." AdvertisementA TikTok spokesperson told BI in March that the legislation has a "predetermined outcome," which is a total ban of TikTok in the US. Editor's note, April 23, 2024: This article has been updated to reflect the House of Representatives vote, which passed a bill to ban TikTok in the US.

Persons: —, TikTok, Leo LonDini, LonDini, Brett Jansen Organizations: Service, Google, Epic Games, Universal Group, Warner Music Group, Spotify, Tesla Locations: China

☆ Sydney: Stabbed bishop delivers first message from hospital as malicious disinformation spreads
▼ + stars: | 2024-04-18 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

The rapid spread of disinformation fomented an already volatile situation and days later authorities, faith groups and the bishop are still trying to calm community tension. But regulators are finding it much harder to act against social media platforms for the disinformation that spread online after the attacks – especially after the mass stabbing in the eastern suburb of Bondi. After the church attack, unconfirmed speculation also swirled about the faith of the alleged attacker and his motive. A 16-year-old boy has been charged with terrorism over the alleged stabbing of the bishop, police said Thursday. Video Ad Feedback Police: Australia church stabbing was 'terrorist incident' 04:31 - Source: CNNSystem of self-regulationBut stamping out some of the hateful comments that spread online has not been so easy.

Persons: Australia CNN —, Bishop Mar Mari Emmanuel, Jesus, ” Emmanuel, –, ”, Chris Minns, “ I’m, Steven Saphore, Australia’s, Meta, Facebook –, Marc Owen Jones, Russia influencer, Seven, Bondi, Jones, Hamad, won’t, he’s “, who’s, “, Elon Musk, That’s, Michelle Rowland, that’s, ” Rowland, Terry Flew Organizations: Australia CNN, Good Shepherd, State, Reuters, Facebook, NSW Police, West, Hamad Bin Khalifa University, Police, CNN, Digital Industry Group Inc, Elon, Twitter, ABC Radio Thursday, Digital Communication, University of Sydney, European, Thursday NSW Police Locations: Brisbane, Australia, Sydney, New South Wales, NSW, Westfield, Bondi, Russia, Australian, Queensland, Gaza, Qatar, European Union

☆ I visited the ExploreAI summit in Singapore. Here's how AI is helping businesses solve real-world problems.
▼ + stars: | 2024-03-14 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

I attended the ExploreAI summit on January 29, which marked the successful conclusion of the AI Trailblazers initiative. Minister Josephine revealed AI Trailblazers 2.0 to advance Singapore's National AI Strategy 2.0 and deepen AI use across Singapore. The event marked the successful conclusion of the AI Trailblazers initiative — an effort to help Singapore-based organizations develop 100 generative AI (GenAI) solutions over 100 days. Minister Teo announced plans to build on the success of the first AI Trailblazers program with AI Trailblazers 2.0. This collaboration between AI Trailblazers and Google exemplifies Singapore's dedication to using AI for the betterment of everyone, from residents to businesses.

Persons: Josephine, Kris LeBoutillier, he's, I'm, Mark Micallef, John Ang, Temus, Ang, Tan, Keow, —, Long Yin, What's, Josephine Teo, Teo Organizations: Google Asia Pacific, Singapore's Ministry of Communications, Information, MCI, Digital Industry Singapore, Smart Nation Group, Enterprise Singapore, Google, Southeast, of Information Technology, Nanyang Polytechnic, People's Association, AI, Ministry of Communications, Insider Studios, Singapore Economic Development Board Locations: Singapore, Asia, ExploreAI, Southeast Asia, Temus

☆ TikTok influencers fear their careers will be destroyed and their work 'deleted forever' as a US ban gains steam
▼ + stars: | 2024-03-12 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

A new bill would make Chinese-owned ByteDance sell TikTok to a US company or face a nationwide ban. Those who want the app banned argue that TikTok may be forced into giving over user data to the Chinese government. The whole TikTok ban is clearly a tactic to control the narrative." AdvertisementA ban would be "devastating" for her, she said, because years of her work would be "deleted forever." A TikTok spokesperson told Business Insider the legislation has a "predetermined outcome," which is a total ban of TikTok in the US.

Persons: —, TikTok, Shira, aren't, She's, Ben Stanley, hasn't, Tahrea Sherman, Sherman, Catalina Goanta, Goldman Sachs, Goanta Organizations: Service, Energy, Commerce, Google, Utrecht University Locations: Congress, TikTok, Netherlands, Statista

☆ Google says Singapore has 'very high' potential to be a global AI hub
▼ + stars: | 2024-02-07 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc.SINGAPORE — Singapore has "very high" potential as a global AI hub — thanks in part to an environment that fosters innovation, a Google Cloud executive told CNBC. "In order for AI to really deliver on its potential, you need really good public and private partnerships," Caroline Yap, managing director, global AI business and applied engineering at Google Cloud, told CNBC. Yap was speaking on the sidelines of Explore AI summit in January, a meeting hosted by Google Cloud and the Singapore government to recognize the top generative AI solutions from organizations that took part in the "AI Trailblazers" initiative. That enables to build and test their own generative AI solutions in a controlled and dedicated cloud-based environment. Through the joint partnership, 43 organizations across government and industry sectors successfully built their own generative AI solutions utilizing Google's AI stack.

Persons: Caroline Yap, Yap Organizations: Google, Alphabet Inc, SINGAPORE —, CNBC, Singapore's Ministry of Communications, Digital Industry, Smart Nation and Digital Government Office Locations: Googleplex, SINGAPORE, SINGAPORE — Singapore, Singapore, Digital Industry Singapore, Yap

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. "As European digital industry representatives, we see a huge opportunity in foundation models, and new innovative players emerging in this space, many of them born here in Europe. The signatories, who said just 3% of the world's AI unicorns come from the European Union, backed a joint proposal by France, Germany and Italy to limit the scope of AI rules for foundation models to transparency requirements. They also said the current broad scope of the draft AI rules could clash with existing legislation in certain sectors such as healthcare. The companies also rebuffed calls from creative industries for the AI rules to tackle copyright issues.

Persons: Dado Ruvic, DigitalEurope, Georgina Prodhan, Foo Yun Chee, Sharon Singleton Organizations: REUTERS, Rights, Airbus, European Union, Apple, Ericsson, Google, LSE, SAP, Siemens, Thomson Locations: BRUSSELS, Europe, France, Germany, Italy

☆ From Sin City to Sports Central: How Las Vegas is betting big on a lucrative industry
▼ + stars: | 2023-11-19 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

But for many decades, the NFL and other leagues opposed having sport franchises in Las Vegas, most likely due to the city’s deeply rooted gambling industry. “Vegas fans tend to be sports fans, too, and sports have helped us expand the customer base that are willing to consider Las Vegas,” Hill said. And during the past two years, Las Vegas and other tourist-centric cities have benefitted from consumers’ post-pandemic splurges on experiences and travel versus goods. The Las Vegas Strip can be seen outside the lanai doors at Allegiant Stadium during a game on October 15, 2023, in Las Vegas, Nevada. Ethan Miller/Getty Images/FILEAs the pandemic wore on, construction continued on expanding the Las Vegas Convention Center as well as the Raiders’ Allegiant Stadium, among other projects.

Persons: ”, Andrew Woods, ” Woods, Woods, Roger Goodell —, ” Goodell, John Fisher, Steve Hill, ” Hill, Ethan Miller Organizations: Minneapolis CNN, Athletics, NCAA, NFL Pro Bowls, NBA, MLS, Center for Business, Economic Research, University of Nevada, Sunday’s, Las Vegas, Prix, UNLV’s Lee Business School, NFL, National Hockey League, Oakland Raiders, Major League Baseball, Oakland Athletics, Las Vegas Convention, Visitors Authority, UNLV, “ Entertainment Capital, Sports, Entertainment Capital, Las, Nevada Gaming Control, Getty, Las Vegas Convention Center, Raiders Locations: Minneapolis, Las Vegas, Vegas, Bellagio, Clark County , Nevada, Covid, United States, Las Vegas , Nevada

☆ Australia to require AI-made child abuse material be removed from search results
▼ + stars: | 2023-09-08 | by ( Byron Kaye | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Sept 8 (Reuters) - Australia will make search engines like Google and Bing take steps to prevent the sharing of child sexual abuse material created by artificial intelligence, the country's internet regulator said on Friday. A new code drafted by the industry giants at the government's request will require search engines to ensure that such content is not returned in search results, e-Safety Commissioner Julie Inman Grant said in a statement. It will also require that AI functions built into search engines cannot produce synthetic versions of the same material, she said. "The use of generative AI has grown so quickly that I think it's caught the whole world off guard to a certain degree," Inman Grant said. We asked the industry to have another go," Inman Grant added.

Persons: Dado Ruvic, Bing, Julie Inman Grant, it's, Inman Grant, Byron Kaye, Stephen Coates Organizations: REUTERS, Rights, Google, Microsoft, Digital Industry Group Inc, Thomson Locations: Australia

☆ Taiwanese minister to make rare Britain visit this week
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, June 11 (Reuters) - Taiwan Digital Minister Audrey Tang will make a rare high-level ministerial trip to Britain this week where she is expected to visit government departments and meet a company specialising in low-earth orbit satellites, her ministry said on Sunday. The two sides will "exchange views on issues related to digital governance and digital industry cooperation", the ministry added, without giving details. Tang will also visit OneWeb, which specialises in low-earth orbit satellites, and hopes to bolster Taiwan's communications resilience plans, the ministry said. Taiwan Foreign Minister Joseph Wu is expected to go to Europe this week, too, where he will attend a security forum in Prague. The last Taiwanese minister known to have visited Britain was Taiwan's top trade negotiator John Deng, who went last June.

Persons: Audrey Tang, Tang, Elon Musk's, Joseph Wu, John Deng, Britain's, Trade Greg Hands, Tsai Ing, Taiwan's, Ben Blanchard, Edmund Klamann Organizations: Taiwan Digital, WHO, Twitter, London Tech, Britain's Department for Science, Innovation, Technology, Department for Business, Trade, Elon, Taiwan, State, Thomson Locations: TAIPEI, Britain, Taiwan, Beijing, China, Europe, Prague

☆ Japan aims to treble sales of domestically made microchips by 2030
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

TOKYO, April 3 (Reuters) - Japan's industry ministry said on Monday it aimed to treble sales of semiconductors made in Japan to 15 trillion yen ($112.55 billion) by 2030 as Tokyo strives to boost domestic microchip production following global supply chain snarls. Japan sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies to Taiwan Semiconductor Manufacturing Co (2330.TW) and others to build plants tin o Japan or have them expand existing facilities. The ministry plans to put the sales target in Japan's semiconductor and digital industry strategy, which will be updated by the middle of the year. Japan has seen its share in the global microchip market tumble from 50% in the late 1980s to around 10%, outperformed by nimbler rivals with deep pockets such as South Korea's Samsung Electronics Co Ltd (005930.KS). ($1 = 133.2700 yen)Reporting by Kiyoshi Takenaka, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

[1/4] People stand in front of the Blockchain Hub Davos 2023 at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 16, 2023. REUTERS/Arnd WiegmannDAVOS, Switzerland, Jan 19 (Reuters) - In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see. Executives in Davos said they are now all about blockchain technology, proper controls and regulation, and the promise of disruption that it holds for financial services and beyond. Colm Kelleher, chairman of Swiss bank UBS (UBSG.S), told a WEF panel that blockchain technology will help reduce costs for banks. "We kind of dodged a bullet," Kelleher said, noting that the collapse in the value of crypto currencies had not caused systemic problems.

YouTube is taking back the reins from TikTok as the official title sponsor of VidCon, the biggest convention for social media creators and their fans. From 2013-2019, YouTube served as the primary partner of VidCon, which veteran YouTubers John and Hank Green created. Many on the featured creators roster, such as Charli D’Amelio and Khaby Lame, got their big breaks on TikTok, not YouTube. “We are thrilled to have them return as the title sponsor to help drive our mission of putting digital culture and its creators center stage. “The unique relationship and trust between YouTube creators, their fans and the digital industry is what sets our platform apart,” Stanford said in the statement.

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