Jack Dorsey’s company Block saw a 20.13% drop in share price after Hindenburg Research accused it of allowing criminal activity and inflating Cash App’s user base. “Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics
The U.S. government has demanded that TikTok’s Chinese owners ByteDance sell their shareholding in the widely popular video sharing app – or else face a ban, according to the Wall Street Journal. America cites “national security” as the reason for
AI advancement are raising serious concern in the academic sector, especially in this frenzied chatbot era. ChatGPT, a viral AI-powered chatbot, became the best cheating partner of students immediately after its launch last November. Because of its ability to complete
Scams on the internet might get a lot more dangerous now, thanks to fraudsters having unobstructed access to ChatGPT, Techradar reports. The widely popular AI-powered chatbot, ChatGPT, is continuously to make headlines. With its ability to write everything from debugging
U.S. Department of Justice (DOJ) antitrust chief Jonathan Kanter warned that the growth of AI technology will “not escape regulatory scrutiny” because of the potential competitve dangers that could arise from its use. Kanter, who heads the DOJ’s Antitrust Division,
Shelly Palmer, a Professor of Advanced Media in Residence at Syracuse University, argues that TikTok poses no more of a threat than Twitter, Facebook, Snapchat, or other apps. ByteDance’s ubiquitous short video-sharing platform is facing continuous restrictions in the western
South Korea’s Ministry of Science has announced a $21 million investment into local services for the metaverse. The news follows the establishment of a $30 million metaverse fund aimed at helping start-ups expand their businesses, reports Forkast. The investment of
The US Chamber of Commerce has called for regulation of artificial intelligence technology to ensure it does not hurt growth or become a national security risk, a departure from the business lobbying group’s typical anti-regulatory stance, reports Reuters. The debate
As parents and lawmakers become increasingly worried about how children and teenagers use online services, social media and streaming platforms are grappling with the challenge of determining the most effective methods for verifying a user’s age, reports AXIOS. The minimum
Video-sharing platform TikTok has faced ongoing restrictions in Western countries – and the trend seems set to continue. Owned by Chinese tech giant ByteDance, TikTok has been accused of posing a threat to privacy, collecting users’ information and handing it
Twitter’s revenue and adjusted earnings in December decreased by approximately 40% compared to the same period last year. Several large advertisers have ditched the microblogging site after Elon Musk’s takeover, according to people familiar with the matter. In an update
Two U.S. Democratic Senators have called on Facebook (now Meta) founder Mark Zuckerberg to stop plans to open his metaverse platforms to teenagers, citing concerns about the company’s past handling of youth data and privacy. The call comes as Apple
ABOUT US
and then