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☆ Myanmar’s internet freedom is now as bad as China’s, report finds
▼ + stars: | 2024-10-17 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —For the past decade, China has consistently ranked last in the world for internet freedom due to its all-pervading online surveillance and content control system dubbed the “Great Firewall.”But a new report out Wednesday shows that internet freedoms in China’s neighbor Myanmar are now just as lacking. The report from Freedom House, a US government-funded NGO, found that global internet freedom has declined for the 14th consecutive year. In a record 43 countries, people were physically attacked or killed in retaliation for their online activities, the report found. The Central Asian nation Kyrgyzstan showed the biggest drop in internet freedoms, according to the report, as President Sadyr Japarov ramped up efforts to silence digital media and suppress online organizing. The report also covers online disinformation campaigns and political interference in the run-up to elections, including harassment of independent researchers and fact checkers.

Persons: ”, Mao Ning, Sadyr Japarov, Kloop, “ Organizations: CNN, Freedom, Trust, United Nations, UN, China’s Ministry of Foreign Affairs, ”, Central, US Locations: China, China’s, Myanmar, Central Asian, Kyrgyzstan, Iceland, United States, ’

☆ The stock market is having its best election year ever
▼ + stars: | 2024-06-24 | by ( Nicole Goodkind | Matt Egan | ) edition.cnn.com time to read: +9 min

The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.

Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, “, ”, Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, — Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, “, Alaska, China

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Apple’s new China problem: ChatGPT is banned there
▼ + stars: | 2024-06-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Apple is banking on its upcoming AI features to boost iPhone sales especially in China, where demand has been lagging. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China. But China is one of the first countries in the world to regulate the generative AI technology that powers these popular services. Resurgent competitorsMeanwhile, Chinese smartphone brand Huawei’s smartphone sales growth was 70% in the first quarter, according to Counterpoint Research. In other parts of the world, Samsung uses its own propriety AI technology, along with Google’s (GOOGL) AI model Gemini, which is also banned in China.

Persons: ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, —, ”, Nabila Popal, ” Popal, what’s, Reece Hayden, Apple wouldn’t, Jeff Fieldhack, they’d Organizations: CNN, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC, Research, IDC Research, ABI Research, China, Baidu Locations: China

☆ Apple deletes WhatsApp, Threads from China app store on orders from Beijing
▼ + stars: | 2024-04-19 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Apple has removed WhatAapp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security concerns. “The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns. Other popular Western social media apps including X (formerly Twitter), Facebook, Instagram and Messenger are still available on Apple’s China app store, according to a check by CNN. Chinese consumers who once would have considered Apple are now turning to the country’s national brands. Its CEO Tim Cook visited Shanghai just last month to open the second biggest Apple store in the world.

Persons: Hong Kong CNN —, Duncan Clark, ”, VPNs, Tim Cook, — Hassan Tayir Organizations: Hong Kong CNN, Hong Kong CNN — Apple, Apple, CNN, Administration of China, Meta, BDA China, Facebook, IDC, Huawei Locations: China, Hong Kong, Beijing, United States, Shanghai

☆ TikTok: Is it really Chinese?
▼ + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Is TikTok Chinese? In March 2023, CEO Chew was repeatedly pressed by US lawmakers on whether TikTok was Chinese. According to TikTok’s own website, its subsidiaries around the world are all structured under Bytedance Ltd.Is ByteDance Chinese? At last year’s congressional hearing, Chew didn’t directly answer any questions about whether ByteDance is a Chinese company either. That means the Chinese government now owns 1% of Beijing Douyin Information Service, which is the domestic Chinese unit of Bytedance.

Persons: TikTok, Shou Chew, Trump, Chew, Jose Luis Magana, Musical.ly, TikTok’s, ByteDance, Zhang Yiming, Liang Rubo, Zhang, Liang, Jinri, Chew didn’t, Shannon Stapleton, Zhang Fuping, Xi Jinping, Wu Shugang, Shu Yuting Organizations: Hong Kong CNN, TikTok LLC, TikTok Ltd, ByteDance Ltd, Bytedance Ltd, Tianjin’s Nankai University, ByteDance, Carlyle Group, General Atlantic, Susquehanna International Group, Reuters, Communist, Cyberspace Administration, Beijing Douyin Information Service, Chinese Communist Party, National Intelligence Law, Commerce Ministry Locations: China, Hong Kong, United States, Beijing, California, Los Angles, Singapore, Delaware, Culver City , California, Cayman Islands, Shanghai, Chinese, TikTok

☆ Giraffes appear to be on a path to joining the ranks of Winnie the Pooh and Peppa Pig on Beijing's internet watchlist
▼ + stars: | 2024-02-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementGiraffes might just be the next thing banned on China's social media. The post doesn't mention China and instead promotes US efforts to track down endangered giraffes in Africa using GPS technology. But on Weibo, China's version of X, the embassy's post mysteriously went viral, with 970,000 likes and 180,000 comments as of Tuesday evening. AdvertisementInvestors flooded the giraffe post last weekend with comments complaining about China's slumping stock market, as Bloomberg, CNN, and Reuters reported. Irate commenters were copy-pasting the headline of a state media article, published on the same day as the giraffe post, that said the "entire country is filled with optimism."

Persons: —, Xi Jinping, Peppa, Long, haven't, Weibo Organizations: Service, Embassy, Bloomberg, CNN, Reuters, CSI, Beijing, China Digital Times, Business Locations: China, Africa, Weibo, Republic, China's

☆ Hundreds of images of child sexual abuse material were found in a massive dataset used to train AI image-generating tools
▼ + stars: | 2023-12-21 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +4 min

New York CNN —More than a thousand images of child sexual abuse material were found in a massive public dataset used to train popular AI image-generating models, Stanford Internet Observatory researchers said in a study published earlier this week. The presence of these images in the training data may make it easier for AI models to create new and realistic AI-generated images of child abuse content, or “deepfake” images of children being exploited. The massive dataset that the Stanford researchers examined, known as LAION 5B, contains billions of images that have been scraped from the internet, including from social media and adult entertainment websites. Of the more than five billion images in the dataset, the Stanford researchers said they identified at least 1,008 instances of child sexual abuse material. “Stability AI models were trained on a filtered subset of that dataset.

Persons: ” LAION Organizations: New, New York CNN, Stanford Internet, Stanford, Internet Watch, National Center for, Canadian Centre for Child, CNN, Stability Locations: New York, London

☆ DouYu CEO Chen Shaojie arrested in latest executive crackdown in China
▼ + stars: | 2023-11-22 | by ( Michelle Toh | Nectar Gan | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The chairman and CEO of Chinese video game live-streaming platform DouYu has been arrested, becoming the latest business leader to run afoul of authorities in the world’s second largest economy. DouYu (DOYU) said in a regulatory filing Tuesday that its chief, Chen Shaojie, had been arrested by police in the southwestern city of Chengdu on or around November 16. State-run news agency Xinhua cited the statement as confirmation that the DouYu executive had been arrested. Sweeping crackdownChen is one of the latest high-flying executives in China to come under scrutiny by authorities. Chen founded DouYu and quickly built it into one of China’s most valuable startups.

Persons: Chen Shaojie, Chen, Chen’s, DouYu Organizations: Hong Kong CNN, Xinhua, Cyberspace Administration of China, Ministry of Public Security, CNN, International Locations: China, Hong Kong, Chengdu, New York

☆ Detained, missing or under investigation: Business leaders in China face an ‘aggressive’ crackdown
▼ + stars: | 2023-11-10 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —Business leaders in China are under immense pressure, as the country’s leader Xi Jinping intensifies a regulatory crackdown on companies and strengthens its control of the economy. They face rising risks, including the possibility of police raids and detentions of staff, in the world’s second largest economy. A former banker, he has invested in a series of Chinese companies since 2000 and brought their shares to the public markets in mainland China and Hong Kong. No end in sightThe crackdown this year has spooked the business community in China, but it is not unfamiliar. Xi launched a sweeping regulatory crackdown on the private sector in 2020, which wiped trillions of dollars off the market value of Chinese companies worldwide.

Persons: Xi Jinping, ”, Doug Guthrie, ” Guthrie, Tencent, Chen, Zhao Bingxian, “ China’s Warren Buffett, Zhao, Guthrie, “, Zhou Zheng, Zhou, watchdogs, Zhang Hongli, Bao Fan, Bao, Xi, Kevin Frayer, Mauro Guillen, ” Guillen Organizations: Hong Kong CNN — Business, China Initiatives, Arizona State University’s Thunderbird School of Global Management, CNN, Cyberspace Administration of China, Wohua Pharmaceutical, Central Commission, National Supervisory Commission, COFCO, Industrial, Commercial Bank of, Wharton School, University of Pennsylvania Locations: China, Hong Kong, Communist, Beijing, Arizona, Shenzhen, “ Beijing, DouYu, Shandong, Commercial Bank of China

☆ TikTok, Snapchat and others sign pledge to tackle AI-generated child sex abuse images
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] TikTok app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 30 (Reuters) - Tech firms including TikTok, Snapchat and Stability AI have signed a joint statement pledging to work together to counter child sex abuse images generated by artificial intelligence. "We resolve to sustain the dialogue and technical innovation around tackling child sexual abuse in the age of AI," the statement read. "We resolve to work together to ensure that we utilise responsible AI for tackling the threat of child sexual abuse and commit to continue to work collaboratively to ensure the risks posed by AI to tackling child sexual abuse do not become insurmountable." Britain cited data from the Internet Watch Foundation showing that in one dark web forum users had shared nearly 3,000 images AI generated child sexual abuse material.

Persons: Dado Ruvic, Susie Hargreaves, William James, Sarah Young Organizations: REUTERS, Tech, TikTok, Britain, Internet Watch Foundation, Thomson Locations: United States, Britain

NEW YORK (AP) — The already-alarming proliferation of child sexual abuse images on the internet could become much worse if something is not done to put controls on artificial intelligence tools that generate deepfake photos, a watchdog agency warned on Tuesday. In a written report, The U.K.-based Internet Watch Foundation urges governments and technology providers to act quickly before a flood of AI-generated images of child sexual abuse overwhelms law enforcement investigators and vastly expands the pool of potential victims. If it isn’t stopped, the flood of deepfake child sexual abuse images could bog investigators down trying to rescue children who turn out to be virtual characters. “That is just incredibly shocking.”Sexton said his charity organization, which is focused on combating online child sexual abuse, first began fielding reports about abusive AI-generated imagery earlier this year. It particularly targets the European Union, where there's a debate over surveillance measures that could automatically scan messaging apps for suspected images of child sexual abuse even if the images are not previously known to law enforcement.

Persons: “ We're, ”, Dan Sexton, ’, isn’t, Sexton, who’ve, “, ” Sexton, they're, David Thiel, Kamala Harris, Susie Hargreaves, ” ___ O'Brien, Barbara Ortutay, Kim Organizations: Internet Watch Foundation, Court, IWF, European Union, Technology, Stanford Internet Observatory, U.S, Associated Press Locations: South Korea, Busan, Spain, London, Providence , Rhode Island, Oakland , California, Seoul

REUTERS/Tatyana Makeyeva/File Photo Acquire Licensing RightsNEW YORK, Sept 13 (Reuters) - A leading Russian journalist has had her phone compromised using Israeli spyware, researchers said Wednesday, the latest sign that phone hacking tools are being used to spy on media workers and opposition figures worldwide. A joint investigation by Canadian internet watchdog Citizen Lab and digital rights group Access Now found that the phone of Galina Timchenko had been infected using spyware built by the Israeli company NSO Group. Timchenko - the co-founder and publisher of independent Russian news outlet Meduza - was in Berlin at the time of the hack, the researchers said. Media defense groups condemned the alleged surveillance, with the Committee to Protect Journalists saying "journalists and their sources are not free and safe if they are spied on." Researchers, lawmakers and journalists have repeatedly accused NSO of helping governments spy on political opponents and undermine independent reporting.

Persons: Galina Timchenko, Tatyana Makeyeva, Timchenko, Meduza, Raphael Satter, Daniel Wallis Organizations: REUTERS, Canadian, Lab, NSO Group, Media, Protect Journalists, U.S, Thomson Locations: Moscow, Russia, Russian, Berlin, Latvia, Ukraine

☆ China takes major step in regulating generative AI services like ChatGPT
▼ + stars: | 2023-07-14 | by ( Laura He | ) edition.cnn.com time to read: +4 min

China also urges platforms to “participate in the formulation of international rules and standards” related to generative AI, it said. Generative AI tools like ChatGPT have taken the world by storm. Generative AI refers to the technology that underpins platforms like ChatGPT. In the global race to build guardrails for how governments tap AI, China had gained a significant head start, US Senator Mark Warner warned last month. So far, Baidu, Alibaba and JD.com’s generative AI services are either in the trial stage or being tested by corporate users.

Persons: —, Olivier Morin, Mark Warner, ” Organizations: Hong Kong CNN, Cyberspace Administration, Ant, Baidu, Getty, China, Politico’s Global Tech Summit ., ” Citi, National Development, Reform Commission Locations: Hong Kong, China, Beijing, AFP, United States

☆ China issues temporary rules for generative AI services
▼ + stars: | 2023-07-13 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

HONG KONG, July 13 (Reuters) - China issued a set of interim measures on Thursday to manage the booming generative artificial intelligence (AI) industry, paving the way for Chinese tech companies to roll out AI services in the country. The success of ChatGPT, a wildly popular chatbot developed by the Microsoft-backed OpenAI (MSFT.O), ignited a generative AI frenzy in China and worldwide. The internet watchdog said that AI services offered in the country need to be in line with China's socialist values. It said that regulators will "formulate corresponding classification and grading regulatory rules or guidelines" based on different generative AI technologies' characteristics and use cases. It also added that industry organisations, firms and research institutes that develop and apply generative AI tech but do not provide it to the public will not be subject to the measures.

Persons: Josh Ye, Himani Sarkar, Kim Coghill Organizations: Cyberspace Administration, Microsoft, Thomson Locations: HONG KONG, China

☆ Yellen to Visit China in Bid to Steady Economic Ties
▼ + stars: | 2023-07-02 | by ( Alan Rappeport | Keith Bradsher | ) www.nytimes.com time to read: +2 min

At the same time, China has frustrated the United States with its reluctance to renegotiate the terms of loans it is owed by poor countries facing default and has maintained close economic ties with Russia despite that country’s invasion of Ukraine. A senior Treasury Department official, who spoke on the condition of anonymity about the priorities for the trip, said on Sunday that Ms. Yellen would meet with top Chinese officials and American companies doing business in China. The official said that Ms. Yellen would talk to her Chinese counterparts about global challenges and mutual areas of concern. The Treasury secretary is expected to raise objections to China’s recent ban aimed at Micron Technology, the U.S.-based manufacturer of memory chips used in phones, computers and other electronics. American officials are also hoping to gain a better understanding of the scope of China’s new counterespionage law, which could present new challenges for foreign companies.

Persons: Biden, Yellen Organizations: Treasury Department, Treasury, Micron Technology, Micron Locations: China, United States, Russia, Ukraine, U.S, Xinjiang

☆ China to clamp down on AirDrop and Bluetooth file sharing for national security reasons
▼ + stars: | 2023-06-09 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China’s cyberspace regulator plans to issue new rules clamping down on the use of wireless file sharing functions such as Bluetooth and Apple’s AirDrop on national security grounds. The move comes after protesters in China used AirDrop during anti-government protests in October 2022 to share content, bypassing strict internet censorship. Weeks later, Apple moved to limit the use of the AirDrop function on devices in China. The aim of the regulation is to “maintain national security and social public interests” by regulating the use of close-range wireless communication tools such as Bluetooth, Wi-Fi and other technologies, it said. Other than AirDrop, Google’s Nearby Share allows users to transfer data between Android and Chrome OS devices via Bluetooth and Wi-Fi.

Persons: Weeks, Apple, Xi Jinping, Oppo, Xi Organizations: Hong Kong CNN, Bluetooth, Cyberspace Administration, The New York Times Locations: Hong Kong, China, Beijing

☆ With Ban on Micron, China Escalates Microchip Clash With U.S.
▼ + stars: | 2023-05-22 | by ( Paul Mozur | John Liu | ) www.nytimes.com time to read: +1 min

When cutting foreign technology companies from Chinese supply chains, Beijing has long chosen to work obliquely or even secretly. Regulators would give executives back-room lectures, weigh them down with excessive red tape or hit them with occasional office raids. But that is what it signaled to Micron Technology in a late-night announcement on Sunday. The Chinese government banned companies that handle critical information from purchasing microchips made by the Boise, Idaho-based Micron. Analysts said the company, which has been selling chips in China for years, could find itself cut out of future business from Chinese companies.

Britain's National Cybersecurity Centre (NCSC), part of its GCHQ eavesdropping spy agency, said in a report published on Wednesday that the mercenary hacking market was offering products that were on par with government hacking groups. On Tuesday, Canadian internet watchdog group Citizen Lab published a report which said that NSO had been caught using newly-discovered hacking tools to break into iPhones belonging to Mexican human rights defenders in 2022. At least some in the spyware industry see regulation coming down the pipe and are taking steps to try to shape it. NSO has long touted its human rights policy despite repeated allegations that its software has been used abusively, including to spy on victims of human rights violations. NSO did not immediately return an email seeking comment on the Citizen Lab report or its communications with the American Bar Association.

☆ Musk says Twitter is roughly breaking even, has 1,500 employees
▼ + stars: | 2023-04-12 | by ( Akriti Sharma | ) www.reuters.com time to read: +2 min

April 12 (Reuters) - Twitter Inc CEO Elon Musk said on Wednesday the social media company is "roughly breaking even," as most of its advertisers have returned and its aggressive cost-cutting efforts have started bearing fruit after massive layoffs. Musk, in an interview with BBC broadcast live on Twitter Spaces, said Twitter has about 1,500 employees now, a sharp decline from "just under 8,000 staff members" it had before he took it over in October. Musk acknowledged some glitches, including recent outages, but said they have not lasted very long. Twitter has been hit by a massive decline in advertising since his acquisition. Musk had said that was due to the cyclical nature of ad spending and some of which was "political."

In its report published at the same time, Microsoft said it believed with "high confidence" that the spyware was "strongly linked to QuaDream." Israeli lawyer Vibeke Dank, whose email was listed on QuaDream's corporate registration form, did not return a message seeking comment. NSO did not immediately return a message seeking comment. Neither Citizen Lab nor Microsoft identified the targets of QuaDream's software, but the allegation could still be damaging for the firm. The White House did not immediately respond to a message seeking comment.

Both are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China. Like TikTok, it’s a short-form video app. Then in 2017, the privately-owned tech company bought a US-based video startup and released TikTok as the overseas version of Douyin. The download page for the TikTok app displayed on an Apple iPhone. Besides TikTok, there’s also shopping app Temu, fast fashion retailer Shein and video editing app CapCut, which is also owned by ByteDance.

☆ The new normal on Twitter: watching it break
▼ + stars: | 2023-03-12 | by ( Jennifer Korn | ) edition.cnn.com time to read: +5 min

When he would check his notifications tab on Twitter, Sinker, who has tens of thousands of followers, often saw the platform recommend the same weeks-old tweet from another user. Probably, but it becomes a less sure thing with each bit that falls off,” Sinker, a writer who has been on Twitter since 2007, told CNN. But in trying to cut his way to profitability, Musk risks making Twitter a less viable service. Weeks earlier, Twitter users encountered other various issues with the platform, including the inability to tweet, send direct messages or follow new accounts. After some publications pointed out the sudden surge in Musk posts in users’ feeds last month, the Twitter CEO responded: “Please stay tuned while we make adjustments.”

HONG KONG, March 8 (Reuters) - China has announced plans for a national data bureau, describing it as part of an effort to coordinate data resources in the country and to achieve a vision of "digital China" conceived by President Xi Jinping. Xi's vision for a "digital China" aims to see the country populated by smart, internet-connected cities and data treated alongside labour and capital as a key factor to drive the economy and help China compete more effectively globally. In December, China's top leadership published an outline of how China should develop basic data systems and utilize the country's data resources. Last week, they unveiled a new plan that aims for the country to lead digital development globally by 2035. Areas to watch include big data infrastructure, data processing, the digitization of government data as well as data encryption, they added.

☆ Musk says Twitter could be cash flow-positive next quarter
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +2 min

March 7 (Reuters) - Twitter Chief Executive Elon Musk said on Tuesday that the company had "a shot" at being cash flow-positive next quarter, as costs have been cut and users have risen. Musk, who was speaking at an investor conference that was webcast, said it was "startling" how poorly Twitter managed to make money off its messaging service. The company has cut costs sharply, including layoffs, under Musk, who offered the cash flow-positive target as he described efforts to cut expenditures, or cash burn. Some advertisers also have fled Twitter due to the uncertainty over how Musk, who has called himself a "free speech absolutist," would approach content moderation. On Tuesday he said that Democrats and Republicans now trust Twitter to the same degree.

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