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☆ Defense tech companies like Anduril hope Trump can streamline military contracts
▼ + stars: | 2024-11-16 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Others in the defense industry are less optimistic. Tech billionaire Palmer Luckey's bet on the defense industry is paying off at Anduril, the drone-making company he founded. AdvertisementSacknoff said that procurement reform in the defense industry is not a new concept and that the Defense Department is always restructuring its contracting process. Richard Aboulafia, managing director at AeroDynamic Advisory, a consulting firm, said that reforming the defense industry will take time. AdvertisementSacknoff said the military defense business is always looking for a "counter" to the newest technology and that the growth of autonomous drones would likely bring more innovations to stop them.

Persons: Palmer Luckey, Anduril, Palmer Luckey's, Donald Trump's, Brian Schrimf, Schrimpf, Scott Sacknoff, Sacknoff, Richard Aboulafia, Abaulafia, DefenseScoop, Tesla, Eric Schmidt, Schmidt Organizations: Tech, Yahoo, Spade, Defense Department, Teledyne, Defense, Google Locations: Anduril, United States, Saudi Arabia

☆ YouTube has added a 'gifting' feature to its vertical streams, ramping up the competition for livestream e-commerce
▼ + stars: | 2024-11-15 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

YouTube is adding a "gifting" feature for vertical livestreams that allows users to purchase digital gifts for streamers, similar to a feature that fuels livestream sales on TikTok. Related Video TikTok could be banned in US after House voteTikTok's LIVE Gifts feature operates similarly. Livestream e-commerce in the United States is expected to grow to $68 billion by 2026, according to Statista, a data research firm. AdvertisementGoogle is also looking to expand its own shopping feature. YouTube Shopping allows creators to make "collections" of products that viewers can purchase.

Persons: TikTok, ByteDance Organizations: YouTube, Google, Forbes Locations: China, TikTok, United States, livestreams, Culver City , California, Indonesia

☆ Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry
▼ + stars: | 2024-11-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Defense tech startups are anticipating growth under Trump's second term. AdvertisementSome leaders in the defense tech industry, including Anduril cofounder Palmer Luckey, think that defense tech startups are poised for success during president-elect Donald Trump's second term. Over the last decade, Silicon Valley has made waves in the defense tech industry. Some of the defense tech industry's optimism for Trump's victory lies in SpaceX founder Elon Musk's proximity to the president-elect and his vice president, JD Vance, Forbes reported. Luckey told Bloomberg that Musk has "outperformed every reasonable expectation."

Persons: Palmer Luckey's Anduril, Elon Musk's, Vance, —, Palmer Luckey, Donald Trump's, Luckey, Anduril, Biden, Elon, JD Vance, Forbes, Nathan Mintz, Musk, it's, Donald Trump, Brian Schimf Organizations: Defense, Trump, Service, Meta, Teledyne, Defense Department, Bloomberg, SpaceX, Elon, Forbes, Republican, United Locations: United States

☆ Mark Zuckerberg isn't personally liable for any harm caused to children by Facebook and Instagram, judge says
▼ + stars: | 2024-11-09 | by ( Lauren Edmonds | Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

A federal judge said Mark Zuckerberg is not personally liable in over two dozen lawsuits. AdvertisementA federal judge said Meta CEO Mark Zuckerberg is not personally liable in over two dozen lawsuits accusing his company of causing social media addiction in children. Plaintiffs said that Meta knew Instagram and Facebook posed health risks to its users, especially children. The court's ruling comes as world leaders crack down on some social media companies over claims that they are addictive to children and teens. AdvertisementIn Australia, Prime Minister Anthony Albanese this week announced plans to introduce a law banning children under 16 from having social media accounts.

Persons: Mark Zuckerberg, Meta, Instagram, —, Yvonne Gonzalez Rogers, Plaintiffs, Zuckerberg, TikTok, Anthony Albanese, Antigone Davis, Previn Warren Organizations: Facebook, Service, Associated Press, Meta, Business, Motley Rice LLC, Big Tech, Google Locations: California

☆ A man who paid $200.57 for a night at a famous NYC hotel and then lived there rent-free for years is unfit to stand trial, court says
▼ + stars: | 2024-11-09 | by ( Alcynna Lloyd | Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Mickey Barreto lived in the New Yorker Hotel for free for years before his recent arrest. AdvertisementDoctors say a man who had lived inside the iconic New Yorker Hotel for free for more than half a decade is unfit to stand trial. Mickey Barreto lived in the New Yorker Hotel for years without paying a single cent in rent. In June 2018, Barreto and his partner, Matthew Hannan, stayed in room 2565 at the New Yorker Hotel for one night and paid $200.57. Although a judge ordered him to stop representing himself as the owner of the hotel, Barreto continued to live there for free.

Persons: Mickey Barreto, Barreto, Doctors, —, Cori Weston, Weston, Brian Hutchinson, Hutchinson, Alvin Bragg's, Matthew Hannan Organizations: New Yorker, Service, Manhattan District, New York Times, Times, Addiction, Mount, Business, Associated Press, Holy Spirit Association, Department of Environmental, Unification Locations: , New York, Mount Sinai, Hutchinson, Barreto's

☆ Australia wants to ban kids under 16 from social media as world governments seek to crack down on the 'addictive' apps
▼ + stars: | 2024-11-09 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

Australia plans to ban social media for users under 16, Prime Minister Anthony Albanese said. AdvertisementWith young people using social media more than ever, and those social media companies perfecting the algorithms that keep them engaged, concerns about social media addiction are taking root all over the world. Now, Australia wants to ban social media for everyone under 16. Australia's social media ban will be introduced into Parliament during its final session this year, which begins on November 18. If passed, social media companies will have 12 months to figure out how to keep minors off their apps before the law is enforced, he said.

Persons: Anthony Albanese, —, " Albanese, Albanese, Jackie Hallan, Hallan, they're, Antigone Davis, Davis Organizations: Service, Australian, TikTok, Guardian, Reuters, Associated Press Locations: Australia, United States, Kentucky

Pennsylvania Senate: Although Trump is projected to win Pennsylvania, the Senate race there is still too close to call. Colorado's 8th District: Democratic Rep. Yadira Caraveo is locked in a tight race in the Denver suburbs against Republican state Rep. Gabe Evans. Ohio's 9th District: Democratic Rep. Marcy Kaptur is locked in an extremely tight race with GOP state Rep. Derek Merrin. Texas' 34th District: Democratic Rep. Vicente Gonzalez faces a rematch against former GOP Rep. Mayra Flores, with Gonzalez slightly ahead. Washington's 4th District: Republican Rep. Dan Newhouse narrowly leads Republican former NASCAR driver Jerrod Sessler.

Persons: Donald Trump, Trump, Kamala Harris, Ruben Gallego, Kari Lake, Gallego, outperforming Harris, Lake, Mike Rogers, Elissa Slotkin, Rogers, Slotkin, Democratic Sen, Debbie Stabenow, Jon Tester, Tim Sheehy, Republican Sam Brown, Jacky Rosen, Republican Joe Lombardo, Catherine Cortez Masto, Bob Casey, Republican Dave McCormick, Tammy Baldwin, Eric Hovde, Baldwin, Republican Nick Begich, Mary Peltola, David Schweikert, Shah, Juan Ciscomani, Sen, Kirsten Engel, Kevin Kiley, Jessica Morse, Josh Harder, Stockton Mayor Kevin Lincoln, John Duarte, Democrat Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Will Rollins, Michelle Steel, Derek Tran, Mike Johnson, Bill Clark, Republican Scott Baugh, Dave Min, Mike Levin, Matt Gunderson, Lauren Boebert's, Adam Frisch, Boebert, Republican Jeff Hurd, Gabe Evans, Frank Mrvan, Republican Randell Niemeyer, Republican Mariannette Miller, Meeks, Christina Bohannan, Jared Golden, Austin Theriault, David Trone's, Frederick, April McClain Delaney, John Delaney, Republican Neil Parrott, Monica Tranel, Ryan Zinke, Harris, Don Bacon, Tony Vargas, North, Don Davis, Republican Laurie Buckhout, Gabe Vasquez, Yvette Herrell, Susie Lee, Drew Johnson, Steven Horsford, North Las Vegas Mayor John Lee, Anthony D'Esposito, Laura Gillen, Josh Riley, Marc Molinaro, Marcy Kaptur, Derek Merrin, Janelle Bynum, Lori Chavez, Andrea Salinas, Mike Erickson, Salinas, Erickson, Ryan McKenzie, Susan Wild, Scott Perry, Janelle Stelson, Vicente Gonzalez, Mayra Flores, Gonzalez, Democrat Eugene Vindman, Republican Derrick Anderson, Vindman, Alexander Vindman, Volodymyr Zelenskyy, Marie Gluesenkamp Perez, Republican Joe Kent, Dan Newhouse, Jerrod Sessler, Sessler, Newhouse, Kim Schrier, Carmen Organizations: Republican Party, NBC, Arizona, Democratic, Marine, Lake, Michigan, GOP, Democratic Rep, Nevada Senate, Republican, Senate, Pennsylvania, . Wisconsin Senate, Republicans, Democrat, California Natural Resources Agency, Stockton Mayor, Capitol, NASA, Virgin Galactic, Democrats, Democratic Army, Inc, Getty, Colorado's, Gary, Miller, Maine's, Rep, NASCAR, Commerce Department, District, Republican Rep, Army, Mexico's, North Las Vegas Mayor, New York's, Ohio's, Freedom Caucus, Trump, Ukrainian Locations: Michigan, Arizona, Nevada, Alaska, Debbie Stabenow . Montana, Montana, Pennsylvania, Washington, California, Phoenix, District, Tucson, California's, Sacramento, Central Valley, Southern California, Riverside County, Colorado's, Denver, Indiana's, Iowa's, Maryland's, Nebraska's, Omaha, North Carolina's, Nevada's, Las Vegas, Oregon's, Pennsylvania's, Texas, Virginia's, Washington's

☆ Capitol riot defendants are asking judges to halt their cases, saying Trump promised them pardons
▼ + stars: | 2024-11-06 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

Donald Trump said he'd pardon January 6 rioters if he won the presidential election. Carnell is one of those arrested in the aftermath of the Capitol riot who is now hoping Trump will follow through on a promise of a pardon. Advertisement"President-elect Trump made multiple clemency promises to the January 6 defendants, particularly to those who were nonviolent participants," the filing said. Related storiesThroughout his campaign, Trump described imprisoned January 6 defendants as "political prisoners" who were "ushered in" to the federal building by Capitol Police. "In the beginning, if he does something like that to a couple of defendants, yeah, you'll see a trend," Shapiro said.

Persons: Donald Trump, he's, —, Christopher Carnell, Carnell, Trump, Jaimee Avery, Avery, Mike Pence, Nadia Shihata, Kelly, Shihata, David Shapiro, John Jay, Shapiro Organizations: Service, Capitol, Justice Department, Capitol Police, National Association of Black Journalists, John, John Jay College of Criminal Locations: New York

The only potential competitive congressional race to watch in those states is Indiana’s 1st District, where Democrat Rep. Frank Mrvan is running for re-election. Here are some early bellwethers to watch:Two Virginia districts offer a glimpseTwo congressional districts in Virginia, where polls close at 7 p.m. Both districts may be valuable early indicators of how the election is playing out in the suburbs, which are key to Democratic victories up and down the ballot. North Carolina’s 1st District: Test of Black voteThis district in North Carolina, where polls close at 7:30 p.m. ET, will provide a valuable early gauge of the Black vote, one of the most important questions of the 2024 election cycle.

Persons: Kamala Harris, Donald Trump, Frank Mrvan, Randy Niemeyer, Harris, Trump, Jen Kiggans, Missy Cotter Smasal, Cotter, Harris ’, Joe Biden, Biden, Eugene Vindman, Derrick Anderson, Abigail Spanberger, Vindman, Trump’s, Alexander, Anderson, Eugene, that’d, ”, Kyle Kondik, Republicans redrew, Laurie Buckhout, Don Davis, ’, Marcy Kaptur, Derek Merrin, Kaptur Organizations: GOP, Democratic, Republican, Republicans, NBC, University of Virginia, GOP Army, Black, Trump Country, Trump Locations: East Coast, Indiana, Kentucky, Virginia, Virginia Beach, Fredericksburg, swingy, Northern Virginia, Ukraine, Northern Virginia , Virginia, Carolina’s, North Carolina, Ohio’s, Ohio’s 9th, Toledo

This year, Kaptur is facing GOP state Rep. Derek Merrin. West VirginiaGovernor: GOP state Attorney General Patrick Morrisey is the heavy favorite to fill the seat being left open by GOP Gov. 5th Congressional District: Democratic Rep. Jahana Hayes has a rematch against former GOP state Sen. George Logan in this western Connecticut district. 7th Congressional District (Allentown): Democratic Rep. Susan Wild is running against GOP state Rep. Ryan McKenzie. She is facing Democratic state Rep. Janelle Bynum.

Persons: Anna Paulina Luna, Democrat Whitney Fox, Maria Elvira Salazar, Lucia Baez, Geller, Republican Sen, Mike Braun, Jennifer McCormick, Jim Banks, Braun, Valerie McCray, Frank Mrvan, Joe Biden, Randell Niemeyer, Phil Scott, Esther Charlestin ., Independent Sen, Bernie Sanders, Gerald Malloy, Democratic Sen, Tim Kaine, Republican Hung Cao, Biden, Jen Kiggans, Elaine Luria, Missy Cotter Smasal, Eugene Vindman, Derrick Anderson, Abigail Spanberger, Vindman’s, Alexander Vindman, Trump’s, Spanberger, Josh Stein, Mark Robinson, Robinson, Sen, Rachel Hunt, Jim Hunt, Hal Weatherman, Jeff Jackson, Republican Dan Bishop, Elaine Marshall, Republican Chad Brown, Don Davis, Laurie Buckhout, Davis, Sherrod Brown, Trump, Brown, Bernie Moreno, Greg Landsman, Orlando Sonza, Marcy Kaptur, Derek Merrin, Emilia Sykes, Kevin Coughlin, Patrick Morrisey, Jim Justice, Democrat Steve Williams, Joe Manchin, Wheeling Mayor Glenn Elliot, Republican Kris Warner, State Mac Warner, Democrat Thornton Cooper, Caroleene Dobson, Chris Murphy, Matt Corey, Jahana Hayes, George Logan, Hayes, Logan, Lisa Blunt Rochester, Ben Cardin, Republican Eric Hansen, Blunt Rochester, Matt Meyer, Michael Ramone, Sarah McBride, GOP Sen, Rick Scott, Debbie Mucarsel Powell, Scott, Eric Sorensen, Joseph McGraw, Sharice Davids, Prasanth Reddy, Angus King, David Costello, Demi Kouzounas ., Jared Golden, Austin Theriault, Angela Alsobrooks, Prince George’s, Larry Hogan ., April McClain Delaney, John Delaney, Republican Neil Parrott, David Trone, Elizabeth Warren, Republican John Deaton, Hillary Scholten, Republican Paul Hudson ., Tom Barrett, Curtis Hertel ., Dan Kildee, Kristen McDonald, Paul Junge ., John James eked, James, Democrat Carl Marlinga, Roger Wicker, Ty Pinkins, Josh Hawley, Lucas Kunce, Mike Kehoe, Crystal, Kelly Ayotte, Democrat Joyce Craig, Chris Sununu ., Chris Pappas, Republican Russell Prescott, Annie Kuster, Lily Tang Williams, Maggie Goodlander, Jake Sullivan ., Bob Menendez’s, Andy Kim, Republican Curtis Bashaw ., Tom Kean Jr, Kean, Sue Altman, Bob Casey, Republican Dave McCormick, Mehmet Oz, Brian Fitzpatrick, Ashley Ehasz, Susan Wild, Ryan McKenzie, Wild, Matt Cartwright, Rob Bresnahan Jr, Scott Perry, Janelle Stelson, Chris DeLuzio, Rob Mercuri, Sheldon Whitehouse, Patricia Morgan, Marsha Blackburn, Gloria Johnson, Monica de la, Michelle Vallejo, Henry Cuellar, Jay Furman, Vicente Gonzalez, Mayra Flores, Kyrsten Sinema, Ruben Gallego, Kari Lake, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Ciscomani, Lauren Boebert’s, Adam Frisch, Republican Jeff Hurd ., Gabe Evans, Mariannette Miller, Meeks, Christine Bohananan, Zach Nunn, Lanon Baccam, Garret Graves, Debbie Stabenow’s, Elissa Slotkin, Mike Rogers, Amy Klobuchar, Republican Royce White, Angie Craig, Joe Teirab, Deb Fischer, Dan Osborn, Pete Ricketts, Ben Sasse’s, Sasse, Ricketts, Democrat Preston Love Jr, Don Bacon, Tony Vargas, Bacon, Martin Heinrich, Republican Nella Domenici, Yvette Herrell, Gabe Vasquez, Vasquez, Kirsten Gillibrand, Mike Sapraicone, Nick LaLota, Democrat John Avlon, Tom Suozzi, George Santos, Suozzi, Mike LiPetri, Anthony D’Esposito, Laura Gillen, D’Esposito, Mike Lawler, Mondaire Jones, Lawler, Sean Patrick Maloney, Pat Ryan, Alison Esposito, Marc Molinaro, Josh Riley, Molinaro, Brandon Williams, John Mannion, Kelly Armstrong, Merrill Piepkorn, Doug Burgum, Kevin Cramer, Katrina Christiansen, Roe, Ted Cruz, Colin Allred, Tammy Baldwin, Eric Hovde, Brian Steil, Peter Barca, Derrick Van Orden, Rebecca Cooke, John Barrasso, Democrat Scott Morrow, Jon Tester, Tim Sheehy, Greg Gianforte, Ryan Busse ., Ryan Zinke, Monica Tranel, Zinke, Jacky Rosen, Republican Sam Brown, Dina Titus, Republican Mark Robertson, Drew Johnson, Susie Lee, Steven Horsford, Republican John Lee, John Curtis, Mitt Romney, Curtis, Caroline Gleich, Spencer Cox, Brian King, Adam Schiff, Dianne Feinstein, Schiff, Republican Steve Garvey, Kevin Kiley, Jessica Morse, Republican Stockton Mayor Kevin Lincoln, Josh Harder, John Duarte, Democrat Adam Gray, Duarte, David Valadao, Rudy Salas, Mike Garcia, George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Democrat Will Rollins, Michelle Steel, Derek Tran, Republican Scott Baugh, Katie Porter, Dave Min, Porter, San Clemente, Mike Levin, Matt Gunderson, Val Hoyle, Monique DeSpain, Lori Chavez, Janelle Bynum, Andrea Salinas, Mike Erickson, Salinas, Bob Ferguson, Dave Reichert ., Marie Gluesenkamp, Perez, Republican Joe Kent, Dan Newhouse, Republican Jerrod Sessler, Newhouse, Kim Schrier, Carmen, Mazie, Bob McDermott, Mary Peltola, Nick Begich, Eric Hafner, John Howe Organizations: Congressional District, Democrat, Trump, Congressional, Miami, Dade County School Board, Georgia, House, Indiana Governor, Republican, Senate, GOP, District, Democratic, South, Vermont Governor, Republican Gov, Independent, Army, Virginia Senate, Navy, North Carolina Governor, Gov, Ohio Senate, Kaptur, Virginia Governor, GOP Gov, Huntington . Senate, Wheeling Mayor, State, Alabama, Justice Department, Caroleene Dobson . Connecticut Senate, Delaware Senate, District of Columbia, Illinois, Rep, NASCAR, Maryland, Frederick, Commerce Department, Marine, Missouri, White House, Jake Sullivan . New, Jake Sullivan . New Jersey Senate, Alliance . Oklahoma, Democratic Army, Apache, Biden, Freedom Caucus, Rhode, Rhode Island Senate, Tennessee Senate, Tennessee, Monica de la Cruz, Arizona, Democratic Rep, National, U.S . Department of Agriculture, Republicans ’, Minnesota Senate, . Nebraska, New Mexico Senate, . New York Senate, New York Police, CNN, GOP Rep, New York Democrats, North, North Dakota Governor, South Dakota, . Wisconsin Senate, Wisconsin, Wyoming, Montana Senate, Nevada Senate, Nevada, Congressional Black Caucus, Security, Utah, California Senate, California Natural Resources Agency, Republican Stockton Mayor, Capitol, NASA, Virgin Galactic, Air Force, Washington Governor, Hawaii Senate, Alaska, Peltola, Alaskan Independence Party Locations: States, Florida, Clearwater, Miami, Georgia, Indiana, Gary, Kentucky, South Carolina, U.S, Virginia, Virginia Beach, Northern Virginia, Gaston County, Ohio, Cincinnati, Toledo, Akron, Huntington, Montgomery, Alabama, Caroleene Dobson . Connecticut, Connecticut, . Kansas, Kansas, Prasanth Reddy . Maine, Maine, Prince George’s County, Massachusetts, Michigan, Grand, Lansing, Saginaw, Flint, Detroit, Mississippi, Missouri, . New Hampshire, Dixville, Manchester, Portsmouth , Manchester, Jake Sullivan . New Jersey, North Jersey, Philadelphia, Allentown, Scranton, Harrisburg, Pittsburgh, Rhode Island, Texas, McAllen, Laredo, South Texas, Phoenix, Tucson, Colorado, Denver, Iowa, Davenport, Des Moines, Louisiana, Baton Rouge, Shreveport, Black, Twin Cities, Omaha, New Mexico, Albuquerque, ., Long, Queens, Hempstead, New York City, Hudson, New York, Syracuse, North Dakota, . Texas, Racine, La Crosse, Bozeman , Missoula, Nevada, Las Vegas, North Vegas, North Las Vegas, Sacramento, California, Stockton, Central, Los Angeles, Santa Clarita, Southern California, Riverside County, Calvert, Irvine, San, Idaho, United States, Oregon, Eugene, Portland, Salem, Seattle

☆ Banks and the federal government point fingers as Americans lose billions to online scams
▼ + stars: | 2024-11-03 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

The American Bankers Association is urging federal action on online financial fraud. Banks and the federal government are in a similar situation, pointing to each other to solve the problem of online financial scams. For its part, the government wants banks to take on more responsibility, and more consistently refund their customers who fall victim to online scams. According to the Federal Trade Commission, consumers reported more than $10 billion in losses last year from online scams. He also said that the government should create "financial crimes intelligence centers."

Persons: Banks, ABA's, —, It's, Rob Nichols, Nichols, Forbes, JP Organizations: American Bankers Association, Service, Federal Trade Commission, Consumer Financial Protection Bureau, JP Morgan, Bank of America, FTC Locations: Wells Fargo, Texas

☆ The US says it will send more warships and bombers to the Middle East as tensions persist between Iran and Israel
▼ + stars: | 2024-11-02 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The US is deploying warships and B-52 bombers to the Middle East amid rising tensions. Israel and Iran are stuck in a cycle of retaliatory strikes. The US earlier said it would also send a missile defense system and 100 more troops to Israel. AdvertisementThe United States is sending bombers and warships to the Middle East as Iran and Israel trade threats of retaliatory strikes. The United States said it would send about 100 troops to operate the air defense system.

Persons: —, Lloyd Austin, Pat Ryder, Austin, Ryder, Hassan Nasrallah, Ayatollah Ali Khamenei Organizations: Service, Pentagon, US Air Force, Defense, United Locations: Israel, Iran, States, East, United States

☆ The crypto industry has spent millions this election. Here's what it hopes to get in return.
▼ + stars: | 2024-10-27 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +6 min

The crypto industry has spent tens of millions on pro-crypto candidates this election cycle. Crypto companies, executives, and super PACs have spent huge sums this election cycle, outspending even perennial big spenders like the Koch family, according to Federal Election Commission filings. The crypto industry has outspent every other industry, injecting almost $120 million into federal races as of August, according to OpenSecrets, a nonprofit that tracks campaign spending. AdvertisementTrump, who once called crypto a scam, has more recently fueled hope that he'd be good for crypto entrepreneurs. Richardson said Exodus also donated $1.3 million to Stand With Crypto, an advocacy organization that focuses on voter registration and informing people about political candidates who support crypto.

Persons: Donald Trump, Kamala Harris, —, Koch, Faireshake, OpenSecrets, Fairshake, — Sen, Katie Porter, Jamaal Bowman, Cori Bush —, Democratic Sen, Sherrod Brown, Republican Bernie Moreno, Crypto, Moreno, JP Richardson, Trump, there's, Gary Gensler, Gensler, Richardson, Harris, Barry DiRaimondo, DiRaimondo, we're, Exodus Organizations: Service, Democratic, Republican, Industry, Business, Securities and Exchange Commission, Trump, SEC, Crypto, New York Stock Exchange Locations: Ohio, America, Nashville

☆ Reddit's CEO sees an opening against Google on search
▼ + stars: | 2024-10-27 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Google is ranking the site higher in search results as more people look to it for answers. "People are going to Google with the intention of ending up on Reddit," Huffman said at the conference. It now presents Google search results in natural language at the top of the page. While Reddit could be seen as a potential competitor to Google Search, Google itself has prioritized Reddit in its results after recent changes to its algorithm. Google and Reddit also announced a deal in February that allows Google to train its AI models using Reddit comments.

Persons: Steve Huffman, —, Huffman, Reddit, Alpha, we've, there's Organizations: Google, Service, Wall Street

☆ Reddit is becoming the new Google
▼ + stars: | 2024-10-27 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

AdvertisementWhile speaking at a conference this week hosted by The Wall Street Journal, a reporter said she now uses Google Search mostly to get to Reddit for information. "People are going to Google with the intention of ending up on Reddit," Huffman said at the conference. While Reddit could be seen as a potential competitor to Google Search, Google itself has prioritized Reddit in its results after recent changes to its algorithm. Google and Reddit also announced a deal in February that allows Google to train its AI models using Reddit comments. Huffman said at the conference that it still feels like Reddit is "married to Google" but that "more and more people learn that Reddit has just pretty much everything that you're looking for."

Persons: Steve Huffman, —, Huffman, Reddit, Alpha, we've, there's Organizations: Google, Service, Wall Street

☆ Here are the most common election scams and how to keep yourself safe
▼ + stars: | 2024-10-27 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Verify voter registration info with official state sources to avoid falling for them. The three most common scams around elections are voter registration scams, fake surveys and polls, and political donation scams, experts say. Fake surveys and polls that prey on people's heightened emotions during election seasons are also common, NASS says. Another common sign that a voter registration message could be a scam is if the messenger says you must pay to complete your voter registration. To register to vote, or to find out if your Social Security Number is required for voter registration in your state, the FTC says to contact your local election office or check the US Election Assistance Commission's National Voter Registration Form.

Persons: —, NASS Organizations: Service, National Association of, State, Federal Trade Commission, FTC

☆ TikTok's innovative new idea: printing books on paper
▼ + stars: | 2024-10-26 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

ByteDance's publishing company, 8th Note Press, plans to release physical books. After the monumental success of "BookTok" — a community of bibliophiles on the platform that discusses books and shares what they are reading — TikTok's parent company, ByteDance, started publishing digital books through its publishing company, 8th Note Press, last year. 8th Note Press is now teaming up with Zando, an independent publishing company, to release a line of print novels to sell in retail stores starting in 2025. "This partnership marks an exciting new chapter for 8th Note Press," Jacob Bronstein, head of editorial and marketing, told Business Insider in a statement. Debut novelist Sanibel — who writes under a mononym — sold her book "To Have and Have More" to 8th Note Press last year.

Persons: —, TikTok, Jacob Bronstein, we'll, Molly Stern, Colleen Hoover's, Taylor, Zando, Sanibel — Organizations: Press, Service, The New York Times, Times, Zando Locations: bibliophiles

The Many Links Between Project 2025 and Trump’s WorldFormer president Donald J. Trump has repeatedly claimed that he had nothing to do with Project 2025, the Heritage Foundation’s conservative policy initiative to reshape the federal government. But Project 2025 has numerous ties to Mr. Trump and his campaign, a New York Times analysis has found. L. ZorcJump to the full list of authors, editors and contributorsSpokespeople for Project 2025 have denied that they are advocates for any particular candidate, and Project 2025 has no official ties to the Trump campaign. To limit the appearance of connection, Mr. Trump’s transition team has been excluding prominent people linked to Project 2025 from its preparations. Project 2025 additionally calls for the dismantling of the federal Education Department, which Mr. Trump has also pledged to do.

Persons: Donald J, Trump, Kevin D, Roberts, Edwin J, Trump’s, Albrecht Mark Albrecht, Anderson J, Anderson Jeff Anderson, Anton Michael Anton, Antoni A, Arthur Andrew Arthur, Atkins Paul Atkins, Axelrod Julie Axelrod, Bacon James Bacon, Baehr James Baehr, Baker E, Erik Baptist, Bennett J, Berlau, Berman Russell Berman, Bhagat S, Billy Stephen Billy, Bishop Brad Bishop, Bixby J, Blackman J, Jim, Bovard, Bowman Matt Bowman, Bradbury Steven G, Bradbury, Brashers J, Bronitsky Jonathan Bronitsky, Brosnan Kyle Brosnan, Brown R, Burkett Robert Burkett, Burley Michael Burley, J, Butcher, Mark Buzby, Byfield, Byrd David Byrd, Campau Anthony Campau, Carroll O, Cass B, Cavanaugh Brian J, Cavanaugh, Chretien Spencer Chretien, Christensen V, Coates Victoria Coates, Ellie Cohanim, Cohen Ezra Cohen, Colby Elbridge Colby, Comstock Earl Comstock, Correnti Lisa Correnti, Crowley Monica Crowley, Cunliffe Laura Cunliffe, Sergio de la, Ruyter, Del, Dennis Irv Dennis, DeVore J, Dickerson, Ding Michael Ding, Dodson, Dave Dorey, Eden T, Edgar Troy Edgar, Edlow Joseph Edlow, Ehlinger Jen Ehlinger, Ehrett, Eichamer Kristen Eichamer, Eitel Robert S, Estrada, Farkish Thompson, Feere Jon Feere, Fisher Travis Fisher, Fishman George Fishman, Ford Leslie Ford, Friedman Aharon Friedman, Frohnen J, Frushone Joel Frushone, Fulton Finch Fulton, Gabel Caleigh Gabel, Gaiser Alexandra Gaiser, Garza P, Geller, Gillen J, Gilmore James S, Gilmore, Ginn Vance Ginn, Alma Golden, Gore, D, Greenberg Dan Greenberg, Greenway, Greszler, DJ Gribbin, Grisedale Garrison Grisedale, Grogan Joseph Grogan, Guernsey J, Gunter Jeffrey Gunter, Guy Joe Guy, Guzman Joseph Guzman, Hanania, Harlow David Harlow, Harvey Derek Harvey, Hayes, Edie Heipel, Hemenway Troup, Hoekstra Pete Hoekstra, Hoffman T, Homan Tom Homan, Horner Chris Horner, Howell Mike Howell, Huber Valerie Huber, Hughes Andrew Hughes, Humire, Iacovella, Israel K, Ivory R, Jankowski Roman Jankowski, Jay Carafano James Jay Carafano, Jones, Kao J, Kelson Jared M, Kelson, Kilmartin Ali Kilmartin, Kirchner Julie Kirchner, Kish, Klukowski Kenneth A, Adam Korzeniewski, Bethany Kozma, Kozma Matthew Kozma, Krein, Kurtz, LaCerte David LaCerte, Larkin P, Lawrence Paul Lawrence, Lawrence III James R, Lawrence III, Legates David Legates, Lewis B, Lieberman J, Ligon John Ligon, Lim Evelyn Lim, Lorraine Viña Morgan Lorraine Viña, Loyola Mario Loyola, G, Malcolm J, Masterman, Matthews Earl Matthews, Mauler, McCall, McCotter Trent McCotter, Meadowcroft Micah Meadowcroft, Meese, Melugin, Mermoud, Miller, Mitchell K, Kevin E, C, Morell Clare Morell, Morgan Mark Morgan, Morgen Hunter Morgen, Morrison J, Moy, Murray R, Nabil M, Nasi L, Niemeyer Lucian Niemeyer, Nazak, Milan Nikolich, Nuebel, Kathy Nuebel Kovarik, Orr, Owcharenko Schaefer Nina Owcharenko Schaefer, O’Brien, Michael, Pedersen Leah Pedersen, Pillsbury Michael Pillsbury, Pizzella Patrick Pizzella, Porter K, Kevin Preskenis, Pryor Pam Pryor, Pyle J, Ratcliffe John Ratcliffe, Ray Paul Ray, Reddan J, 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☆ TikTok once planned to use content posted by its users to influence Mitch McConnell, lawsuit reveals
▼ + stars: | 2024-10-20 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Attorneys general from 14 states are suing TikTok over claims it harms children's mental health. One document shows how the company planned to influence Sen. Mitch McConnell. Now, internal TikTok documents included in the state lawsuits are shedding new light on how TikTok tried to influence Congress during its debate on a potential ban. One of those documents revealed that TikTok planned to use content from its users to sway lawmakers, including influential Sen. Mitch McConnell, who supported the TikTok ban. Advertisement"As is standard practice at other companies, we also monitor public sentiment on issues that relate to the company," TikTok said.

Persons: TikTok, Sen, Mitch McConnell, —, McConnell Organizations: TikTok, Service, Purdue Pharma, Congress, United States, Lawmakers, Kentucky Public Radio, NPR, Kentucky Public Locations: United, Kentucky

☆ New lawsuits against TikTok mirror those against Big Tobacco and Purdue Pharma
▼ + stars: | 2024-10-14 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

Attorneys general in 14 different states filed lawsuits against TikTok last week. The suits mirror earlier ones against Big Tobacco and Purdue Pharma, legal experts told BI. The Sackler family, owners of Purdue Pharma, ultimately paid over $3 billion in settlements for misleading advertising related to their products. Purdue Pharma later filed for bankruptcy, but the Supreme Court struck down a $7 billion bankruptcy plan in June that would have given the Sackler's immunity from future civil suits. With the prospect of that federal ban looming next year, a slew of federal lawsuits helps shape public opinion and "pressure lawmakers to act," Rahmani said.

Persons: —, Adam Wandt, John Jay, Wandt, It's, wouldn't, Rahmani, Sackler, TikTok Organizations: TikTok, Big Tobacco, Purdue Pharma, Service, John, John Jay School of Criminal, Big Tech, Meta, Google, NPR Locations: California, United States

☆ The Harvard students who added AI facial recognition to Meta glasses share some of their other big ideas
▼ + stars: | 2024-10-13 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The two Harvard students who put facial recognition AI in Meta's Ray-Ban glasses have big ideas. The duo, AnhPhu Nguyen and Caine Ardayfio, are known for their innovative tech projects. AdvertisementTwo Harvard students spooked the world with their demonstration of facial recognition using Meta Ray-Bans. They also built AI into augmented reality glasses that can fact-check a user's statement during an argument in real time. Ardafiyo and Nguyen have big ideas for AI products in manufacturing, construction, and industrial tech spaces, they told BI.

Persons: Meta's, AnhPhu Nguyen, Caine Ardayfio, —, Meta Ray, Nguyen, Ardayfio, Ardafiyo, Anthropic's Claude, haven't, Ardifiyo, Adifiyo, That's Organizations: Harvard, Service, Meta Locations: Meta's Ray

☆ South Park creator Matt Stone asks if Sam Altman does anything other than 'go on podcasts'
▼ + stars: | 2024-10-13 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

South Park parodied OpenAI's ChatGPT last year. AdvertisementOpenAI CEO Sam Altman may join the ranks of celebrities pilloried by South Park. Stone and Trey Parker, co-creators of South Park, are also behind the AI entertainment startup Deep Voodoo. Deep Voodoo showed off a face-swapping tool on an acclaimed Kendrick Lamar video that replaced his face with those of O.J. South Park parodied OpenAI's ChatGPT in the March 2023 episode "Deep Learning."

Persons: Sam Altman, Matt Stone, Altman's, OpenAI's ChatGPT, —, Altman, Stone, Trey Parker, Kendrick Lamar, O.J, Kobe Bryant, OpenAI's, ChatGPT Organizations: Service, Bloomberg Locations: South Park, Simpson

☆ Google's share of the search ad market could drop below 50% for the first time in a decade as AI search engines boom
▼ + stars: | 2024-10-13 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Google's search ad market share in the US could fall below 50% for the first time in a decade. Perplexity AI, meanwhile, says it is attracting "top-tier" advertisers. It launched Gemini, its own large language model that now presents Google search results in natural language at the top of the page, in March 2023. Google is also leveraging AI to better present ads in its search results. AdvertisementGoogle and Perplexity AI did not immediately return requests for comment for this story.

Persons: —, Axel Springer, Alpha, Mark Shmulik, ChatGPT, Brendon Kraham, We've, Dmitry Shevelenko, Jeff Bezos, Forbes, Perplexity, Shevelenko Organizations: Google, Service, Business Insider, Bernstein Research, Wall Street, Nvidia

☆ Palmer Luckey's Anduril debuts autonomous attack drone in new video
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Anduril Industries debuted its AI-powered Bolt-M drone, which fits in a backpack. A new video shows the Bolt-M drone's AI abilities in action. Anduril Industries, cofounded in 2017 by Oculus founder Luckey, unveiled its Bolt and Bolt-M drones in a YouTube video on Thursday. The Bolt drone, seen in the video hovering above targets, is meant to use AI to autonomously track targets. AdvertisementAnduril did not immediately return a request for comment from Business Insider about the Bolt and Bolt-M drone reveal.

Persons: Palmer Luckey, Anduril, —, Palmer, Luckey, Chris Brose, DefenseScoop, Brose, Donald Trump, Meta Organizations: Anduril Industries, Service, Industries, Business, Marine Corps, US Air Force, Department of Defense, Teledyne, Roadrunner, Meta

☆ TikTok knew its algorithm harmed kids, accidentally revealed internal documents show
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Internal research accidentally revealed this week indicates TikTok knew its algorithm was harmful. Lawyers for children harmed by social media say the apps have long known they are hurting kids. According to NPR, TikTok's internal documents show officials at parent company ByteDance discussing internal studies that show the app can harm children. According to NPR, the unredacted internal documents show that TikTok touted its tools for limiting teens' screen time despite knowing from its own research that these features had "little impact." Matthew Bergman, a founding attorney of the Social Media Victims Law Center, which represents over 3,000 plaintiffs in cases of adolescents harmed by social media, told BI that the unsealed information is "certainly consistent with what we're seeing" across TikTok and other social media.

Persons: TikTok, —, Adam Wandt, John Jay, Wandt, Jayne Conroy, Simmons Hanly Conroy, Conroy, it's, Matthew Bergman, Bergman Organizations: Service, Kentucky Public Radio, NPR, John, John Jay College of Criminal, Social Media, Law Center

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