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☆ Former Meta employee tells Senate company failed to protect teens' safety
▼ + stars: | 2023-11-07 | by ( Katie Paul | ) www.reuters.com time to read: +3 min

Meta and Facebook logos are seen in this illustration taken February 15, 2022. The employee, Arturo Bejar, worked on well-being for Instagram from 2019 to 2021 and earlier was a director of engineering for Facebook's Protect and Care team from 2009 to 2015, he said. "Every day countless people inside and outside of Meta are working on how to help keep young people safe online," the Meta statement said. In his testimony, Bejar recounted that in one meeting Meta Chief Product Officer Chris Cox was able to cite precise statistics on teen harms off the top of his head. "I found it heartbreaking because it meant that they knew and that they were not acting on it," said Bejar.

Persons: Dado Ruvic, Arturo Bejar, Bejar, Meta, Mark Zuckerberg, Zuckerberg, Chris Cox, Katie Paul, Kenneth Li, Aurora Ellis Organizations: Meta, REUTERS, Facebook, Facebook's, Care, Privacy, Technology, Wall Street, Thomson

☆ Black workers could be disproportionately harmed by AI in the workplace, a study says. They are feeling the heat — and trying to fix it.
▼ + stars: | 2023-11-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Black workers are more afraid of being replaced by AI than white workers, a new survey found. That may be because Black workers have a fraught history with the technology, experts say. Black workers are feeling the pressure, new research suggests. Even before the rise of generative AI, Black workers in low-wage jobs faced a greater risk of being replaced by automation technologies, Goligoski said. "It is insufficient to relegate the responsibility of protecting Black workers from the harms of AI to businesses alone," Hayes said.

Persons: —, Emily Goligoski, Goligoski, Myaisha Hayes, Richard Baldwin, Hayes, " Hayes Organizations: Service, McKinsey, Black, Amazon, Companies

☆ Obama says the war in Gaza is killing people 'who have nothing to do with what Hamas did'
▼ + stars: | 2023-11-04 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

Former President Barack Obama said, "What's happening to Palestinians is unbearable." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 'TikTok activism'Even as he acknowledged the death of innocent Palestinians, Obama cautioned against embracing what he derided as one-sided narratives online that favor slogans over nuance. "The problem with the social media and trying to TikTok activism — and trying to debate this on that — is you can't speak the truth," Obama said. In the interview published Saturday, Obama reflected on his time in office in light of this latest flare-up in the Middle East.

Persons: Barack Obama, Obama, —, Israel, — I've, that's Organizations: Save, Service, Hamas, White, Palestinian, West Bank Locations: Israel, Gaza, Palestine

☆ The FDA proposed to ban brominated vegetable oil. Here's how to tell if it's in your food, and why the FDA thinks it's unsafe to drink.
▼ + stars: | 2023-11-03 | by ( Jenny Mcgrath | Maiya Focht | ) www.businessinsider.com time to read: +4 min

The US Food and Drug Administration announced it wants to ban the additive brominated vegetable oil. AdvertisementAdvertisementThis week, the US Food and Drug Administration proposed revoking a regulation that authorizes the use of brominated vegetable oil in food. In 1958, the FDA gained the authority to determine the safety of food ingredients. If you want to avoid BVO, you should check the ingredients in sodas, fruit drinks, lemonade, and juices. When used, BVO is required to be listed as an ingredient on the label as "brominated vegetable oil" or as the specific oil that has been brominated, such as "brominated soybean oil".

Persons: —, James Jones, Gavin Newsom, Katherine Zeratsky Organizations: US Food and Drug Administration, Service, National Institutes of Health, FDA, Cola, telltale, Mayo Clinic, Food Network, Chemical Toxicology, CNN Locations: California

Chew will meet Breton on Nov. 6 and Jourova and Reynders on Nov. 7, a TikTok spokesperson said. He will update the commissioners on TikTok's data security regime called Project Clover which started to store European user data locally this year, a TikTok spokesperson said. The company has a data centre in Dublin, Ireland, and is building two more in Ireland and Norway. Breton last month gave TikTok an Oct. 25 deadline to provide information on its crisis response measures. Reporting by Foo Yun Chee; editing by Sudip Kar-Gupta and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Shou Zi Chew, Online Harms, Thierry Breton, Vera Jourova, Didier Reynders, TikTok, Chew, Breton, Foo Yun Chee, Sudip Kar, Gupta, Jason Neely Organizations: Energy, Commerce, Safeguard, Online, Capitol, Breton, Digital Services, Big Tech, Thomson Locations: Washington , U.S, BRUSSELS, EU, Brussels, Israel, Gaza, Reynders, Dublin, Ireland, Norway

☆ Elon Musk says his new startup xAI will debut its artificial intelligence Saturday
▼ + stars: | 2023-11-03 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Elon Musk said Friday that his AI company, xAI, will debut its technology on Saturday. "Tomorrow, xAI will release its first AI to a select group," Musk posted on X, formerly known as Twitter. In August, xAI seemed to be hiring, according to posts on social media by multiple members of the company. Musk incorporated xAI in Nevada in March, according to filings.

Persons: Elon Musk, xAI, Musk, Bard, Claude, Tesla, DeepMind's AlphaCode, OpenAI's, Greg Yang, Toby Pohlen, Dan Hendrycks Organizations: Google, Nvidia, Team, DeepMind, Google Research, Microsoft Research, Twitter, CNBC, Fox News Channel, xAI, X, X Corp, Center, AI Safety Locations: Nevada, San Francisco

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

Many civil society leaders told CNBC the order does not go far enough to recognize and address real-world harms that stem from AI models — especially those affecting marginalized communities. "One of the thrusts of the executive order is definitely that 'AI can improve governmental administration, make our lives better and we don't want to stand in way of innovation,'" Venzke told CNBC. Mitchell wished she had seen "foresight" approaches highlighted in the executive order, such as disaggregated evaluation approaches, which can analyze a model as data is scaled up. Even experts who praised the executive order's scope believe the work will be incomplete without action from Congress. For example, it seeks to work within existing immigration law to make it easier to retain high-skilled AI workers in the U.S.

Persons: Kamala Harris applauds, Joe Biden, Maya Wiley, Biden, Kamala Harris, Cody Venzke, Venzke, Margaret Mitchell, Mitchell, Joy Buolamwini, Divyansh Kaushik, Kaushik Organizations: White, Conference, Civil, Human, CNBC, American Civil Liberties Union, ACLU, League, Federation of American Locations: Washington ,, Washington , DC, New York, U.S

☆ UN warns of enormous gap in financing for climate adaptation
▼ + stars: | 2023-11-02 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

That’s a more than 50% larger gap than UNEP had estimated in its 2022 report. Esam Omran Al-Fetori/ReutersThe issue — as well as who should pay for the loss and damage created by the climate crisis — is expected to be a key sticking point in climate negotiations at the COP28 talks in Dubai this December. A recent study showed that 55 of the world’s most vulnerable economies have already experienced losses and damages of more than $500 billion in the last two decades from the climate crisis. “If we don’t fund adaptation, we then get ourselves into a situation where we can no longer adapt,” Hinwood said. And for every $16 billion invested in agriculture each year, 78 million people could be alleviated from climate crisis related starvation or chronic hunger.

Persons: Andrea Hinwood, “, Esam Omran, ” Hinwood Organizations: CNN, UN, United Nations Environment, UNEP, “ Locations: Paris, Derna, Libya, Dubai

☆ AI Chatbots are scraping news reporting and copyrighted contented, News Media Alliance says
▼ + stars: | 2023-11-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

technology companies for scraping news material to train their chatbots. In August, a Reliable Sources review found that a dozen major media companies have inserted code into their websites to safeguard their content from A.I. The action would do nothing to address the prior scraping of their reporting, which the News Media Alliance — and others — said have been used to train A.I. To solve for that problem, the News Media Alliance outlined recommendations for news publishers to protect them from going extinct in this brave new world. The recommendations include policymakers recognizing that the unauthorized use of copyrighted material to train A.I.

Persons: we’ve, ”, Danielle Coffey, ” Coffey, News Media Alliance —, — Organizations: CNN, The News Media Alliance, Google, News Media Alliance, ” Publishers Locations: U.S

☆ Microsoft exec says Israel's tech sector could suffer from war with Hamas
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

Israeli national flags flutter near office towers at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020. REUTERS/Ronen Zvulun/File Photo Acquire Licensing RightsJERUSALEM, Nov 1 (Reuters) - A senior Microsoft Israel official expressed concern for the future of Israel's high tech sector due to the country's war with Islamist group Hamas, warning multinational companies may close research and development activities. Tomer Simon, chief scientist at Microsoft Israel's R&D Center, said he expressed his concerns in a letter to Tzachi Hanegbi, Israel's head of the National Security Council, but never received a reply. "The country must create a positive horizon so that multinational companies continue to grow," Simon said, noting that for every tech job, there were five more created that drive Israel's economy. Simon did not cite figures but the government has estimated as much as 15% of tech workers were called to military service.

Persons: Ronen, Tomer Simon, Tzachi, Simon, Israel, Steven Scheer, Alison Williams Organizations: REUTERS, Rights, Microsoft Israel, Hamas, Microsoft, D Center, National Security Council, Thomson Locations: Petah Tikva, Israel

So-called frontier AI refers to the latest and most powerful systems that take the technology right up to its limits, but could come with as-yet-unknown dangers. Tesla CEO Elon Musk is also scheduled to discuss AI with Sunak in a livestreamed conversation on Thursday night. One of Sunak’s major goals is to get delegates to agree on a first-ever communique about the nature of AI risks. However, in the same speech, he also urged against rushing to regulate AI technology, saying it needs to be fully understood first. A White House official gave details of Harris’s speech, speaking on condition of anonymity to discuss her remarks in advance.

Persons: Google's Bard, Rishi Sunak's, Kamala Harris, who’s, Elon Musk, Ursula von der Leyen, Yoshua, Sunak, Harris, Biden’s, Jill Lawless Organizations: —, British, Safety, U.S, White, Associated Locations: BLETCHLEY, England, London, China, Bletchley

☆ US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Earlier this month, Exxon proposed to buy Pioneer Natural Resources (PXD.N) for $60 billion and Chevron agreed to acquire Hess (HES.N) for $53 billion. The Democratic Senate leader said in a letter that the two of the largest oil and gas deals of this century are "likely to harm competition." Chevron and Exxon have accumulated huge profits from strong energy prices and demand since Russia's invasion of Ukraine. The oil industry last went through an era of major consolidation in the late 1990s when Exxon, Shell (SHEL.L), BP (BP.L) and France's TotalEnergies (TTEF.PA) merged with rivals to create huge integrated companies. The acquisitions followed a collapse in oil prices that weakened many companies.

Persons: Dado Ruvic, Charles Schumer, Hess, Schumer, France's, Tanay Dhumal, Arunima Kumar Organizations: ExxonMobil, Pioneer, REUTERS, U.S, Wednesday, U.S . Federal Trade Commission, Exxon Mobil, Chevron Corp, Exxon, Natural Resources, Chevron, Democratic, Shell, BP, FTC, Big, Thomson Locations: Ukraine, United States, Bengaluru

☆ Google DeepMind boss hits back at Meta AI chief over ‘fearmongering’ claim
▼ + stars: | 2023-10-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

watch nowThe boss of Google DeepMind pushed back on a claim from Meta's artificial intelligence chief alleging the company is pushing worries about AI's existential threats to humanity to control the narrative on how best to regulate the technology. "If your fearmongering campaigns succeed, they will *inevitably* result in what you and I would identify as a catastrophe: a small number of companies will control AI," LeCun said on X, the platform formerly known as Twitter, on Sunday. I also know that producing AI systems that are safe and under our control is possible. "Then there's sort of the misuse of AI by bad actors repurposing technology, general-purpose technology for bad ends that they were not intended for. "And then finally, I think about the more longer-term risk, which is technical AGI [artificial general intelligence] risk," Hassabis said.

Persons: Google DeepMind, CNBC's Arjun Kharpal, Hassabis, DeepMind, Yan LeCun, Sam Altman, Dario Amodei, LeCun, Yan, That's, Meta Organizations: Google, CNBC, Cooperation, China

☆ Sam Altman warns AI could kill us all. But he still wants the world to use it
▼ + stars: | 2023-10-31 | by ( Samantha Kelly | ) edition.cnn.com time to read: +10 min

New York CNN —Sam Altman thinks the technology underpinning his company’s most famous product could bring about the end of human civilization. As many as 300 million full-time jobs around the world could eventually be automated in some way by generative AI, according to Goldman Sachs estimates. Challenges aheadWhen starting OpenAI, Altman told CNN in 2015 he wanted to steer the path of AI, rather than worrying about the potential harms and doing nothing. OpenAI CEO Sam Altman addresses a speech during a meeting at Station F in Paris on May 26. Sam embodies that for AI right now.”The world is counting on Altman to act in the best interest of humanity with a technology by his own admission could be a weapon of mass destruction.

Persons: Sam Altman, OpenAI’s ChatGPT, Altman, ChatGPT, Goldman Sachs, ”, Patrick Semansky, ‘ Kevin Bacon, Mairo, ” Altman, Kamala Harris, Joe Biden, OpenAI, Elon Musk, Kyunghyun Cho, JP Lee, Greg Brockman, SeongJoon Cho, Kevin Bacon, Aaron Levie, “ I’ve, he’s, ” Levie, Bern Elliot, “, Rowan Curan, Forrester, –, Biden, Joel Saget, Emily Bender, Margaret O’Mara, O’Mara, Gates, Jobs Organizations: New, New York CNN, World Economic, Privacy, Technology, Capitol, Silicon, White House, New York University, Softbank Ventures, Bloomberg, Getty, CNN, Gartner Research, Israeli Defense Force, University of Washington, Laboratory Locations: New York, Washington ,, Washington, Valley, Silicon, Silicon Valley, Milan, Italy, Softbank Ventures Asia, Seoul, South Korea, Big Sur, Paris, AFP, Manhattan

Now, frontier AI has become the latest buzzword as concerns grow that the emerging technology has capabilities that could endanger humanity. The debate comes to a head Wednesday, when British Prime Minister Rishi Sunak hosts a two-day summit focused on frontier AI. In a speech last week, Sunak said only governments — not AI companies — can keep people safe from the technology’s risks. Frontier AI is shorthand for the latest and most powerful systems that go right up to the edge of AI’s capabilities. That makes frontier AI systems “dangerous because they’re not perfectly knowledgeable,” Clune said.

Persons: —, Rishi Sunak, It’s, Kamala Harris, Ursula von der Leyen, Google’s, Alan Turing, Sunak, ”, Jeff Clune, Clune, Elon, Sam Altman, He’s, Joe Biden, Geoffrey Hinton, Yoshua, ” Clune, “, it's, Francine Bennett, Ada Lovelace, Deb Raji, ” Raji, it’s, shouldn’t, Raji, DeepMind, Anthropic, Dario Amodei, Jack Clark, ’, Carsten Jung, Jill Lawless Organizations: British, U.S, European, University of British, AI Safety, European Union, Clune, Ada, Ada Lovelace Institute, House, University of California, ” Tech, Microsoft, Institute for Public Policy Research, Regulators, Associated Press Locations: Bletchley, University of British Columbia, State, EU, Brussels, China, U.S, Beijing, London, Berkeley

☆ Why some of the 'clean' hydrogen hubs in the U.S. plan to use natural gas, a fossil fuel
▼ + stars: | 2023-10-31 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

The others will use a combination of renewables, nuclear power, and natural gas with carbon capture and storage. Putting federal money behind a program to fight climate change while using natural gas, a fossil fuel, as one of its main ingredients may not seem intuitive. To wit, the Bipartisan Infrastructure Law, where the funding for the hydrogen hubs comes from, specifically required that two of the selected hydrogen hubs be located in natural gas-rich regions. Making hydrogen from natural gas with carbon capture will require additional energy and be more expensive than producing hydrogen from natural gas where the excess carbon emissions just spew into the atmosphere. That is what the U.S. government is trying to change with its hydrogen hubs program and the production tax credit.

Persons: Joe Biden, Elizabeth Flores, Jennifer Granholm, Rachel Fakhry, Fakhry, Jonathan Ernst, Kent, Sean Heinroth, Young's, That's, Heinroth, Tom Oakland, Wisconsin —, They've, Alex Kizer, Kizer Organizations: Cummins, Star Tribune, Getty, Swiss Army, U.S . Department of the Energy, Natural Resources Defense, Energy, Department of Energy, CNBC, Reuters, Infrastructure Law, Ernst, of Energy, North Dakota Department of Commerce, Oakland, EFI Foundation, U.S, Treasury Department Locations: America, Fridley, Minn, United States, U.S, Tioga, Philadelphia , Pennsylvania, Houston, Montana , North Dakota, Minnesota, Wisconsin, Washington

☆ Dutch regulator disputes Apple's commissions in dating app case
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. Although the case is limited to dating apps in the Netherlands, it is seen as having potential to set a precedent for other markets. Apple did agreed to make changes to the app store including opening it to alternative forms of payment for dating apps in the Netherlands. In February 2022 Apple cut commissions for dating app makers in the Netherlands to 27% from 30%. "Apple ... harms dating app providers by charging them an additional, and inexplicably higher, fee for the same services" it does other types of app makers, it said in the document.

Persons: Mike Segar, Foo Yun Chee, Toby Sterling, David Gregorio Our Organizations: Apple, REUTERS, Apple Inc, U.S ., Reuters, Bloomberg, Authority for Consumers and Markets, Rotterdam Court, ACM, Thomson Locations: Manhattan, New York City, Netherlands, U.S, Rotterdam

☆ White House unveils wide-ranging action to mitigate AI risks
▼ + stars: | 2023-10-30 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +4 min

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. The new executive order, which Biden will highlight at an event on Monday, goes further than those commitments. It also directs agencies to set standards for that testing and address related chemical, biological, radiological, nuclear, and cybersecurity risks, according to the White House. The official said the executive order had the force of law and the White House believed that legislative action from Congress was also necessary for AI governance. Biden is calling on Congress in particular to pass legislation on data privacy, the White House said.

Persons: Dado Ruvic, Joe Biden, Biden, Staff Bruce Reed, Kamala Harris, Rishi Sunak, Sunak, Jeff Mason, John Kruzel, Grant McCool Organizations: REUTERS, U.S ., Defense, Commerce Department, House, Staff, British, Thomson Locations: Europe, United States, Britain, China

☆ What parents need to know about relational aggression in a post-Covid world
▼ + stars: | 2023-10-30 | by ( Analysis Dr. Katie Hurley | ) edition.cnn.com time to read: +8 min

Relational aggression among teens isn’t anything new, but it can be especially hideous when it plays out alongside cyberbullying. Relational aggression among minors is complexCancel culture trickled down to teens, tweens and even younger children, and the combination of cyberbullying and social isolation in school can be swift. Protective factors are essentialTeens need sources of support and understanding when they’re dealing with relational aggression and cyberbullying, and this is where protective factors become important. • Research the reporting options at your teen’s school in case your teen decides to seek help on campus. What’s difficult about relational aggression is that it’s often subtle and under the radar of adults working in teen spaces.

Persons: Katie Hurley, “, Strong, tweens, It’s Organizations: Jed, CNN, cyberbullying, PACER’s, Prevention, Pew Research Center, National Institute of Mental Health, • Locations: Covid

AI has been a source of deep personal interest for Biden, with its potential to affect the economy and national security. Using the Defense Production Act, the order will require leading AI developers to share safety test results and other information with the government. The National Institute of Standards and Technology is to create standards to ensure AI tools are safe and secure before public release. The official briefed reporters on condition of anonymity, as required by the White House. “He was as impressed and alarmed as anyone,” deputy White House chief of staff Bruce Reed said in an interview.

Persons: Joe Biden, Biden, Jeff Zients, ” Zients, “, ”, Bruce Reed, David, Tom Cruise, Reed, Rishi Sunak, Kamala Harris, ReNika Moore, Suresh Venkatasubramanian, ” Venkatasubramanian Organizations: WASHINGTON, Democratic, National Institute of Standards, Technology, Commerce Department, White, AI, European, Google, Meta, Microsoft, American Civil Liberties Union, Biden Locations: Maine, Israel, San, U.S, European Union, China, Britain, West

☆ Britain to push ahead with rules for cryptoassets
▼ + stars: | 2023-10-30 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 30 (Reuters) - Britain said on Monday it would legislate to implement its first set of rules to regulate the crypto sector, requiring market participants to be authorised before they can offer services to consumers. The European Union has already approved the world's first set of comprehensive rules for cryptoasset markets, which are already attracting crypto firms to set up base in the bloc. Britain's finance ministry said it would move ahead as proposed in a February public consultation, requiring firms undertaking cryptoasset activities to be authorised by the Financial Conduct Authority. The rules focus on cryptoassets, such as bitcoin, and the underlying distributed ledger technology (DLT) or blockchain that underpins the sector. Crypto firms currently face only requirements to have safeguards against money laundering.

Persons: Dado Ruvic, bitcoin, Crypto, Huw Jones, Andrew Cawthorne, Peter Graff Organizations: REUTERS, European Union, Financial, Authority, Thomson Locations: Britain, United States

Netanyahu’s tweet comes at a time when he is also under increasing pressure from the families of hostages for a “comprehensive deal” to ensure their release. “At no point was a warning given to Prime Minister Netanyahu on Hamas’s intention to start a war. Opposition leader and former Israeli Prime Minister Yair Lapid also rebuked Netanyahu. Things I said following the press conference should not have been said and I apologize for that,” he wrote on X. Israel’s security chiefs had his “full backing,” he added. Netanyahu was asked about such a deal at his Saturday news conference, and acknowledged he discussed the option with the families.

Persons: Benjamin Netanyahu, Netanyahu, Shin, Aharon Haliva, ” Netanyahu, Benny Gantz, ” Gantz, Abir, Gantz, ”, Yair Lapid, “ Netanyahu, “, Herzi Halevi, Yoav Gallant, Gonen, Romi Gonen, ” Gonen Organizations: CNN, Israeli, Israel Defense Forces, Ronen, Intelligence Directorate, Twitter, Staff, IDF, Getty, Palestinian Prisoners, Hamas Locations: Gaza, Tel Aviv, Israel

☆ Federal judge hints that Big Tech companies may have to face consumer allegations of mental health harm9
▼ + stars: | 2023-10-27 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

This week, dozens of states filed a virtually identical federal lawsuit against Meta alleging the company knew that the design of its social media platforms had been harmful to kids. She also expressed skepticism in response to claims by industry lawyers that tech companies have no legal obligation to ensure their platforms are safe for children. Still, she said, the burden falls on the tech platforms to prove why she should throw out the cases at an early stage in litigation. “It doesn’t seem to me that you can escape that,” Gonzalez Rogers said. But one thing is certain, Gonzalez Rogers said: “Your billing fees today exceed my annual salary.”

Persons: —, Meta, it’s, Yvonne Gonzalez Rogers, Gonzalez Rogers, ” Gonzalez Rogers, “, ” Organizations: DC CNN, Google, Meta, Court, Northern Locations: Washington, California, Northern District

casey newtonAnd this caused a big sort of emotional reaction that said, wow, that feels like really, really icky. It’s just really, really awful. How do I get really, really good at this? But we have that explosion at the beginning, which is really, really exciting. I’m still interested in smartphones because I think they’re really, really advanced pieces of tech.

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