DIRS.INFO The most relevant business & tech news

☆ He tried to oust OpenAI’s CEO. Now, he’s starting a ‘safe’ rival
▼ + stars: | 2024-06-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —The OpenAI co-founder who left the high-flying artificial intelligence startup last month has announced his next venture: a company dedicated to building safe, powerful artificial intelligence that could become a rival to his old employer. Ilya Sutskever announced plans for the new company, aptly named Safe Superintelligence Inc., in a post on X Wednesday. Sutskever then worked on Google’s AI research team, before helping to found what would become the maker of ChatGPT. It’s also not clear exactly what the new company thinks of as “safety” in the context of highly powerful artificial intelligence technology. “By safe, we mean safe like nuclear safety as opposed to safe as in ‘trust and safety,’” Sutskever told Bloomberg in an interview published Tuesday.

Persons: Ilya Sutskever, Sutskever, Geoffrey Hinton, Sam Altman, Altman, Kara Swisher, ”, It’s, ” Sutskever, OpenAI, Jan Leike, Daniel Levy, Daniel Gross Organizations: New, New York CNN, Superintelligence Inc, SSI, Google, CNN, Bloomberg, Apple Locations: New York, OpenAI, “, Palo Alto , California, Tel Aviv, Israel

☆ This AI play is about to pass Warren Buffett’s Berkshire Hathaway in market value
▼ + stars: | 2024-06-20 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Once-obscure chipmaker Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate and its portfolio of household names and economic bellwethers. When Broadcom hit an all-time high earlier this week, its market capitalization briefly surpassed drug maker Eli Lilly's. As of Tuesday's close, Broadcom had a market cap of $839 billion, right behind Eli Lilly's $845 billion and Berkshire's $882 billion. Omaha-based Berkshire is currently No.7 in market value, after a cluster of megacap technology giants. Big AI beneficiary Broadcom, meanwhile, is seeing strong demand from customers in need of high-capacity chips that can power complex AI applications.

Persons: that's, Warren Buffett's, Eli Lilly's, Hock Tan, Steve Sosnick, Tesla, Morgan Stanley Organizations: Broadcom, Warren, Warren Buffett's Berkshire Hathaway, Apple, Berkshire, BNSF Railway, Geico Insurance, U.S ., PetroChina, Bank of America, Interactive Brokers, VMware Locations: Palo Alto , California, Omaha, Berkshire, U.S, Saudi Aramco

☆ CNBC's Inside India newsletter: India Inc might not even need a Fed rate cut — but it wants one
▼ + stars: | 2024-06-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +7 min

The big storyEmerging markets have been on tenterhooks for the better part of this year as the Federal Reserve has been dangling the prospect of an interest rate cut. Historically, as U.S. interest rates fall, the allure of the mighty dollar fades to the benefit of other currencies. Indeed, unlike most developed economies, India's interest rate regime in 2024 isn't any different from that of 2018. There lies the disconnect between the economy, the stock market, and a single stock. Non-bank lender Akme Fintrade India and engineering firm DEE Development Engineers will debut on the stock market on Wednesday.

Persons: Sumant Sinha, we've, Sinha, It's, Fitch, Rahul Jain, Goldman Sachs, Jake Sullivan, Modi, Narendra Modi, CNBC's Charmaine Jacob, Raamdeo Agrawal, CNBC's Tanvir Gill, Jain Organizations: Bloomberg, Getty, Federal Reserve, India Inc, Nasdaq, Reserve Bank of, U.S, Societe Generale, Goldman, Clean Energy, CNBC, Motilal Oswal Financial Services, of India, Bangladesh, Australia, DEE Development Engineers Locations: Tuticorin, India, Reserve Bank of India, Japan, Britain, Delhi

In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Explosive power demand poses a challenge to the Biden administration's goal of converting the U.S. power grid to 100% clean electricity by 2035. Nextracker is a leading U.S. solar firm, building systems that allow panels to track to the position of the sun, improving the efficiency of solar power plants. Shugar pointed to the massive number of renewable projects in the U.S. seeking connection to the power grid. But as energy demand increases, the value of each additional hour should rise, eventually making longer duration batteries more cost effective, he said.

Persons: Brandon Bell, Andrés Gluski, Joseph Rand, We've, Kelley, Wells, Goldman Sachs, Biden, Ryan Sweezey, Wood Mackenzie, Richard Kinder, Kinder Morgan, Kinder, Amin Nasser, Nasser, Shugar, Lawrence, Lazard, Nextracker's Shugar, Lawrence Berkeley, Amol Phadke, Rand, Sweezey, Reid Ramdathsingh, Ramdathsingh, Fluence, John Zahurancik, Zahurancik, it's, Zahuranick Organizations: Getty, Renewables, Energy Information Administration, Department of Energy, Big Tech, Microsoft, AES Corporation, Google, AES, Meta, UBS, Solar, Lawrence Berkeley National Laboratory, U.S, Tech, North America, DOE, CNBC, University of California Berkeley's Goldman School of Public, Goldman School, Lawrence, Rystad Energy, Siemens Locations: Ector County , Texas, Texas, California, United States, U.S, Wells Fargo, Saudi, Houston, Lawrence Berkeley, Fluence's Americas

☆ Businesses are rushing to use generative AI. Now comes the messy part.
▼ + stars: | 2024-06-19 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +1 min

A vast majority of US companies are adopting generative AI tools, according to a new Bain survey. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBusinesses are embracing generative AI at an unusually fast pace. Half were tech companies while the rest were spread across retail and consumer goods, manufacturing, healthcare, and financial services. Here are the highlights:This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Bain, Service, Bain & Company, Business

☆ A top VC predicts the industry is heading for a massive and enduring contraction
▼ + stars: | 2024-06-19 | by ( Blake Dodge | ) www.businessinsider.com time to read: +5 min

Venture capital has cyclical fluctuations, but Scott Stanford, a cofounder and partner at ACME Capital, an early-stage VC firm, thinks something more meaningful is underway. In a chart compiled by Stanford and shared with BI, by 1990, there were 300 VC firms overseeing $17 billion in assets. Now, there are 3,000 VC firms overseeing $1.2 trillion. Limited partners (LPs), or investors who put money into venture firms, have other options thanks to higher interest rates, Stanford added. AdvertisementThe ACME Capital team.

Persons: —, EisnerAmper, You've, Scott Stanford, Hany Nada, Stanford, today's, Nada Organizations: Service, Venture, Business, ACME Capital, Stanford, BI, ACME, Tech

☆ Best Buy has trained more than 30K employees to help sell new AI-enabled computers in hopes of ending a sales slump
▼ + stars: | 2024-06-19 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Best Buy is hoping Microsoft's Copilot+ will help end its 10 quarters of declining comparable sales. More than 30,000 employees have been trained to help sell the new AI-enabled PCs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With 10 consecutive quarters of declining comparable sales in the rearview, the electronics retailer is hoping a partnership with Microsoft will help end the slump. On Tuesday, Best Buy began selling the tech company's AI-enabled Copilot+ PCs in stores and online.

Persons: Microsoft's, — Organizations: Geek Squad, Service, Microsoft, Business

☆ 'Outsized winners': Morgan Stanley names global stocks to tap the 'upgrade supercycle' in a corner of AI
▼ + stars: | 2024-06-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The market is underestimating one corner of artificial intelligence, according to Morgan Stanley. The innovation in the sector is set to drive AI chip capabilities, said Morgan Stanley. Morgan Stanley says it sees "outsized winners" in Japan, South Korea and the European Union. Taiwan TSMC : Morgan Stanley noted the Taiwanese semiconductor firm is a major provider of CoWoS technology, a type of packaging technology. Japan Morgan Stanley says it favors Disco and Advantest the most out of all the companies in Japan that are producing equipment for advanced packaging.

Persons: Morgan Stanley, That's, Amkor, TSMC, — CNBC's Michael Bloom Organizations: Engineers, European Union, United, Semiconductor Assembly, Test Services, Apple, ACM Research, SK Hynix, SK Hynix's Locations: Japan, South Korea, United States, Arizona, Taiwan

☆ Inside Europe's tech hubs: Does London have what it takes to remain No. 1?
▼ + stars: | 2024-06-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +32 min

But it will remain a big, big trend. How has if at all, Brexit, affected the U.K. tech scene? Arjun KharpalAre there other challenges at the moment, as you see them to the U.K. tech landscape? I'm gonna go with the amount of VC funding in U.K. tech startups for 2025. Sanjot MalhiI would say that is the amount of funding in U.K. AI startups.

Persons: Tom Chitty, Arjun, we'll, Arjun Kharpal, I've, Sanjot, He's, It's, Tom Chitty I've, we've, it's, Arjun Kharpal Sanjot, fintech, we're, you've, let's, Tom Chitty We're, Franklin Templeton, they're, Masa, Softbank, that's, Arjun Kharpal Sanjay, Emmanuel, Macron, hasn't, who's, Emmanuel Macron, I'm, Sanjot Malhi, Arjun Kharpal That's, Kharpal, Tom Chitty Sanjot Organizations: HSBC Innovation Banking, CNBC, Northzone, Hague Cricket Club, European Union, Competition, Markets Authority, London Stock Exchange, London, Masa, Viva Tech, Mistral, Nvidia Locations: Europe, Dealroom, France, China, London, beyondthevalley@cnbc.com, Netherlands, India, The Hague, Germany, Sweden, North America, Asia, San Francisco, Beijing, Tel Aviv, Bangalore, U.S, British, doesn't, Ukraine, IPOs

☆ Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2 billion in equity units
▼ + stars: | 2024-06-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

NextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back debt. The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50, which will serve as a contract to purchase shares no later than June 1, 2027. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% gain by the S&P 500. But the utility space has cooled off over the past month, with NextEra falling 5% over that period. About 71% of Wall Street analysts rate NextEra as the equivalent of buy, while 24% have put a hold on the stock and 4.8% have recommended that investors sell.

Persons: NextEra, Goldman Sachs, Goldman, Carly Davenport Organizations: Energy, Energy Capital Holdings, UBS, Wall Street Locations: Florida, U.S

☆ UK tech companies are finding success in private equity acquisitions: Oxx
▼ + stars: | 2024-06-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK tech companies are finding success in private equity acquisitions: OxxRichard Anton, co-founder of Oxx, discusses the landscape for UK tech companies and why so many of them have been migrating to other parts of the world.

Persons: Oxx Richard Anton, Oxx

☆ Digital advertisers want 'premium content' — but are in a battle over how to define it
▼ + stars: | 2024-06-18 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +7 min

Read previewPublishers are racing to be known for "premium" content to keep advertising revenue afloat, but there's a swirling debate in the industry over how to define it. AdvertisementFor example, some broadcasters are pitching their streaming content as premium by selling it directly to advertisers without using third-party adtech companies. Broadcasters are gunning for control of streaming ad dollarsAt the same time, TV publishers are angling to define themselves as makers of premium content that appeals to advertisers. Instead of premium content, many advertisers are more concerned with premium audiences who are watching streaming content. Still, Gupta from U of Digital said that broadcasters have the upper hand in deciding what is considered premium content because there is a lack of high-quality content in streaming environments.

Persons: —, Max, Critics, Joe Root, Shiv Gupta, Gupta, Permutive's Root, Digital's Gupta, gunning, Rachel Eckerling Organizations: Service, Business, Hulu, Disney, Google, Trade, Association for National, Jounce Media, ANA, Universal, Broadcasters, Publicis, Precision, CTV, Publishers, Industry, Interactive

☆ Why These Chinese Working Mothers Don’t Want More Babies
▼ + stars: | 2024-06-18 | by ( Isabelle Qian | ) www.nytimes.com time to read: +7 min

Her boss, a woman who had been advocating for her to be given a leadership role, left the team while Ms. Zhao was on a five-month maternity leave. After college, Ms. Zhao set aside her dream of becoming a civil servant to pursue a higher-paying job. (Nearly a third of Chinese women have college degrees now, up from fewer than 1 percent in 1990.) Six months after Ning was born, Ms. Tang returned to her office, leaving the baby in the care of a grandmother. Her husband and in-laws oppose the move, but Ms. Tang doesn’t want to be held back.

Persons: doesn’t, Xi Jinping, —, ” Joyce Zhao, Joyce Zhao, Ming, Zhao, Ms, “, Ming’s, ” Ms, ”, ” Guo Chunlei, Guo Chunlei, Guo, Tianyi, ” Tang Pingjuan, Tang Pingjuan, Tang, Ning, Tang doesn’t Locations: Beijing, China, Hangzhou, Guangzhou, Shenzhen

☆ Finbourne, a fintech startup that helps finance managers with data, just raised $70 million using this 10-slide pitch deck
▼ + stars: | 2024-06-18 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFinbourne, a London-based fintech company that helps large financial services businesses manage data, has raised $70 million in a Series B funding round. The Series B was led by Highland Europe alongside Axa Venture Partners and follows a $19 million Series A in 2021. The company has around 250 staff and will hire another 50 with the funding, McHugh said.

Persons: —, Thomas McHugh, haven't, McHugh, Finbourne, we've Organizations: Service, Business, Highland Europe, Axa Venture Partners Locations: London, Europe, Australia

☆ Social media has gotten so bad that America's top doctor is intervening
▼ + stars: | 2024-06-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the surgeon general suggesting warning labels for social media . The big storyA solution for socialsAnna Moneymaker/Getty Images; Chesnot/Getty Images; Chelsea Jia Feng/BISocial media has gotten so bad that the country's top doctor is intervening. AdvertisementIn his piece, Murthy said social media is a key culprit of the mental health crisis young people are facing. Generative AI adds more fuel to the misinformation fire social media platforms have been battling for years. Many of them are making fast use of social media platforms like TikTok and investing heavily in AI.

Persons: —, Anna Moneymaker, Chelsea Jia Feng, Vivek Murthy, Geoff Weiss, Murthy, It's, Katie Notopoulos, isn't, Adam Kovacevich, Dan Whateley, Mark Zuckerberg, Zuckerberg, Danielle DiMartino Booth, Instagram, Larry Fink, Dave Calhoun, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, US, The New York Times, of Progress, Getty, Meta, Bank of America, AIM, Apple, Apple Watch, Adobe, Justice, Marketing's, District of Columbia, DC, Boeing Locations: China, Schonfeld, New York, London

☆ The retirement Catch-22
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. Instead of making it easier for Americans to save for retirement and work as long (or as short) as they want, Fink is setting up a catch-22: The economy needs aging Americans to work longer, but many companies simply don't want them. One of Button's studies looked at "bridge jobs , " part-time jobs in administration or retail that many people use to ease into retirement and cushion their finances. The same year, Scripps Medical Clinic in San Diego was ordered to pay $6.9 million for setting a mandatory retirement age for physicians of 70, regardless of the doctors' interest or abilities. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult."

Persons: Larry Fink, behemoth BlackRock, Fink, Daniel Ross, Ross, he's, Emily Dickens, SHRM's, We've, Stacie Haller, Patrick Button, Button, ResumeBuilder.com, Gen, we've, Mother Jones, Lilly Organizations: Social Security, Lawyers, Society, Human Resources Management, US Chamber of Commerce, Tulane University, IBM, Employment, Commission, Scripps Medical Clinic, Employers Locations: Down, Texas, Austin, San Diego

☆ Nvidia surpasses Microsoft to become the largest public company in the US
▼ + stars: | 2024-06-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Nvidia, Wall Street’s artificial intelligence poster child, is now the most valuable company in the United States. Apple is the third most valuable company in the US with a $3.27 trillion market cap. Nvidia earlier this month joined the tech giants in becoming the only US companies to cross a $3 trillion market cap. Nvidia’s chips are unmatched in producing processors that power artificial intelligence systems, including for generative AI, the technology backing OpenAI’s ChatGPT that can create text, images and other media. The Jensen Huang-led company’s dethroning of Microsoft comes as Wall Street’s most prominent tech companies battle for the coveted top spot.

Persons: OpenAI’s, Jensen Huang, company’s Organizations: New, New York CNN, Nvidia, Microsoft, Apple, Developers Locations: New York, United States

☆ Zing Coach thinks AI is key to building better health and fitness habits. Here's the pitch deck the startup used to land $10 million.
▼ + stars: | 2024-06-18 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +1 min

Zing Coach is a fitness platform that uses AI to create personalized fitness and wellness plans. The startup just raised $10 million in Series A funding from Zubr Capital and Triple Point Capital. BI got an exclusive look at the pitch deck Zing Coach used to raise funding. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Wellness and fitness startup Zing Coach just raised a $10 million Series A funding round led by Zubr Capital and Triple Point Capital.

Persons: — Organizations: Zubr Capital, Triple Point Capital, BI, Service, Triple Point, Palta, Business Locations: London

☆ The cost of sports content is soaring — and it could mean big cuts in Hollywood budgets
▼ + stars: | 2024-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

Read previewSports has increasingly become the star of the show for big TV companies, and its ascent is sending a shiver down Hollywood's spine. AdvertisementSports media rights have never been more expensive, but media companies keep paying up. The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era. Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros. AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.

Persons: —, Doug Shapiro, Shapiro, Seth Meyers, Spencer Wang, David Levy, — it's, Levy, it's, Jonathan Miller, WBD, Michael Kassan, Mark Lazarus, Media Group's, John Kosner, Ed Desser, Sports doesn't, David Zaslav, Alex Iosilevich Organizations: Service, NBA, Business, Turner Broadcasting, Apple, Google, Street Journal, NBC, ESPN, Amazon, Warner Bros, NFL, Comcast, Netflix, Nielsen, Turner Networks, Horizon, Entertainment, Marvel, Star, Integrated Media Co, Hollywood, Media, Warner Bros . Discovery, Sports, Cannes Lions, Turner, TNT, TBS, Premier League, WWE

☆ Hollywood is facing a dire threat: sports
▼ + stars: | 2024-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

AdvertisementSports media rights have never been more expensive, but media companies keep paying up. The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era. Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros. All this has dire implications for entertainment budgets, which media companies have already been trimming after overspending to build streaming businesses. AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.

☆ Retirement Crisis: Boomers Need to Work Longer, No One Will Hire Them
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

In order to avoid economic catastrophe, he argued, people should save more money and work longer. The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. For one, many older people cannot work because of a disability or because they need to care for someone else with a disability. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult." He's asking people who have not yet retired to work longer than their elders did and to save even more money, without changing the systematic barriers to either.

☆ Plurimi Wealth: Still comfortable with the multiples on the mega-cap names
▼ + stars: | 2024-06-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlurimi Wealth: Still comfortable with the multiples on the mega-cap namesPatrick Armstrong, CIO of Plurimi Wealth, says you have to own the big cap tech companies as their growth is just incredible even as their multiples are at lofty levels.

Persons: Patrick Armstrong Organizations: Plurimi

☆ Gen Z wants jobs that help solve the climate crisis but has no idea how to get them
▼ + stars: | 2024-06-18 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

Gen Z is considered the most climate-conscious generation, with nearly two-thirds saying they want a "green" job within the next five years. And while the skills shortage is most acute among Gen Z, it is part of a broader trend across the labor market. AdvertisementSome 63% of Gen Z workers said the top barrier was a lack of available opportunities. "The data tells us that Gen Z has that in spades," Bycer said, noting that two-thirds of Gen Z said they were interested in training programs. "If you think the universe of climate jobs have sustainability in the title or are at a climate tech company, that's a limited view," Bycer said. "

Persons: Z, Gen, Efrem Bycer, Bycer, Gen Z, Joe Biden Organizations: Service, Business, LinkedIn, United, American Climate Corps, Corps Locations: Europe, Brazil, United Arab Emirates

☆ At this comedy show, tech workers are the butt of every joke
▼ + stars: | 2024-06-17 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

But comments like these are par for the course at Socially Inept, a comedy show hosted by former tech employees who make the audience — which is largely made up of tech workers themselves — the material. Socially Inept was founded by Jesse Warren and Austin Nasso, two former Big Tech employees. AdvertisementNasso, Oster, and Warren met through Seattle's comedy scene when Nasso and Warren worked Big Tech jobs in the city. It makes it seem like you're in on the joke, even when you're also kind of the butt of the joke. And for the most part, it seemed like tech workers in the audience were very self-aware and took their roasts in stride.

Persons: —, She's, Peter Jay Sharp, Jesse Warren, Austin Nasso, Nikita Oster, Boston —, Nasso, Oster, Warren, Masha Oster, — Warren, Justin Bieber, James Franco, Tom Brady, revel, they're Organizations: Service, Business, Flatiron District, Union Square Ventures, Google, Big Tech, Boston, Microsoft, SpaceX, Valley Bank, Army, eBay, Tech Locations: New York, Hudson, Manhattan, San Francisco , LA, Miami, Seattle, LA, hurtfulness

☆ Surgeon General demands warning label on social media apps
▼ + stars: | 2024-06-17 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. Teens spend nearly five hours a day on social media apps, according to a Gallup poll. Drew Angerer/Getty Images North America/Getty Images“It is time to require a surgeon general’s warning label on social media platforms, stating that social media is associated with significant mental health harms for adolescents,” Murthy said. Congress has long chastised social media companies, claiming they pose harm to children. And Murthy urged parents to restrict children’s use of social media until they graduate from middle school.

Persons: Vivek Murthy, ” Murthy, Murthy, Drew Angerer, “, Mark Zuckerberg —, there’s, ”, Ron DeSantis, Kathy Hochul Organizations: CNN, New York Times, American Medical Association, Gallup, U.S, North, Capitol, Florida’s Republican Gov, New York Democratic Gov Locations: North America, America, Congress

Search resuls for: "Tech Co"

25 mentions found