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Donald Trump has announced the appointment of David O. Sacks as the White House A.I. and Crypto Czar, emphasizing his focus on innovation and thoughtful regulation in these critical tech sectors. Sacks, a venture capitalist and former PayPal executive, is expected to advocate for startups while steering clear of broad regulations, aiming to enhance American competitiveness and safeguard free speech online. His close ties to far-right Republicans and support for Trump signal a strategic alignment with the administration's goals in technology policy.
OpenAI has partnered with defense contractor Anduril to enhance counter-unmanned aircraft systems, focusing on real-time detection and response to aerial threats. This collaboration follows OpenAI's recent policy shift allowing military use of its AI tools, despite ongoing concerns from tech workers about ethical implications in military applications.
Aswath Damodaran, a finance professor at NYU’s Stern School of Business, asserts that the “Magnificent Seven” stocks are a strong buy during market corrections. He emphasizes their exceptional cash-generating capabilities, stating, “I have never seen cash machines as lucrative as these companies are,” and predicts their profitability will continue unabated.
Australia has enacted a groundbreaking law banning social media for children under 16, setting a global precedent in regulating Big Tech. The legislation, which mandates age-verification measures, received bipartisan support and is set to take effect in November 2025. Companies like Facebook and TikTok face hefty fines for non-compliance, highlighting the government's commitment to protecting children's mental and physical health.
The Rabbit r1, a $200 device resembling a mini tablet, has sold over 100,000 units despite initial criticism for performance issues. Meanwhile, Bee AI is launching its GenAI device, the Bee, for $49.99, which functions as a digital assistant and integrates with healthcare tools. However, the generative AI hardware market remains underwhelming, with limited consumer adoption and confusion over device capabilities.
The Finance Committee of the Council of States proposes changing the distribution of additional revenue from the OECD minimum tax from 75/25 to 50/50, aiming to bolster federal finances and increase the army budget. This has sparked irritation among low-tax cantons like Zug and Lucerne, which feel unfairly targeted after previously approved tax structures. They argue that retrospective tax adjustments by other cantons undermine the reliability of decisions made by parliament and the populace.
Satya Nadella's keynote at Microsoft’s 50th anniversary highlighted the company's transformation and success in AI, particularly through the launch of an OpenAI-powered support bot that saved $100 million. Despite past controversies and privacy concerns surrounding new features like Recall, Nadella emphasized learning from mistakes and adapting to maintain relevance in a rapidly evolving tech landscape.
Australia's centre-left government has introduced a bill in parliament to ban social media access for children under 16. The legislation includes provisions for fines of up to A$49.5 million ($32 million) for social media platforms that fail to comply with these regulations.
Global social media companies could face fines up to A$50 million ($32.5 million) under new Australian legislation aimed at banning children under 16 from having accounts. The bill mandates that these firms take reasonable measures to prevent underage access, with penalties for systematic violations.
Bling Capital has successfully raised $270 million to invest in early-stage startups, despite challenging conditions in the venture capital landscape. Founded by Silicon Valley veteran Ben Ling, the firm aims to support nascent companies, building on Ling"s experience with notable investments in Lyft, Palantir, and Instacart.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
David O Sacks Appointed White House AI and Crypto Czar by Trump
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17:24 06.12.2024
OpenAI Partners with Anduril to Enhance AI in National Security Missions
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20:01 04.12.2024
magnificent seven stocks remain strong buys during market corrections
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06:02 03.12.2024
Australia enacts social media ban for children under 16 years old
13:31 28.11.2024
generative ai devices struggle to meet consumer expectations this holiday season
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low tax cantons oppose proposed changes to federal revenue distribution
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14:26 21.11.2024
microsoft's transformation under nadella highlights ai advancements and privacy challenges
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12:00 21.11.2024
Australia proposes social media ban for children under 16 with hefty fines
04:08 21.11.2024
cial media firms face hefty fines under australia's new child protection law
22:35 20.11.2024
bling capital secures 270 million to back early stage startups
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Lyft, Inc.
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23:00 19.11.2024
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