| Ben Westcott / Bloomberg: |
Australia's Senate passes a social media ban for children under 16, brushing aside lawmaker concerns on both sides; tech companies could be fined up to AU$50M — - Australia's social media laws to be among strictest in world — Children under age of 16 will be banned from opening accounts| Bloomberg: |
Experts worry about the unintended consequences of Australia's controversial but popular social media ban on under-16s; Meta, TikTok, and X expressed concerns — - Children under 16 barred from popular social media sites — Politicians under pressure to stem online bullying, grooming| Victoria Kim / New York Times: |
Details of Australia's social media ban for kids remain unclear, such as how to enforce it and what platforms it covers; kids and parents won't face punishment — The law sets a minimum age for users of platforms like TikTok, Instagram and X. How the restriction will be enforced online remains an open question.| Ismail Shakil / Reuters: |
Canada's Competition Bureau sues Google over alleged anti-competitive conduct in online advertising, seeking Google to sell two of its ad tech tools and more — Canada's Competition Bureau is suing Alphabet's (GOOGL.O) Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday.| Ingrid Lunden / TechCrunch: |
Ofcom: UK adults now spend 4 hours and 20 minutes on average daily online, a jump from 3 hours and 41 minutes in 2023, which was only an 8-minute bump over 2022 — Adults are spending an average of 4 hours and 20 minutes each day online across smartphones, tablets and computers in the U.K. … | Dan Milmo / The Guardian: |
| Natasha Lomas / TechCrunch: |
The EU ends its long-running probe into whether Amazon received illegal tax benefits worth €250M from Luxembourg, where Amazon's EU HQ is, after court losses — Amazon can finally close the book on a long-running state aid saga in the European Union. The Commission confirmed Thursday … | Kyle Wiggers / TechCrunch: |
Alibaba releases 32.5B-parameter QwQ-32B-Preview under Apache 2.0 and claims the “reasoning” AI model beats OpenAI's o1-preview on the AIME and MATH tests — A new so-called “reasoning” AI model, QwQ-32B-Preview, has arrived on the scene. It's one of the few to rival OpenAI's o1 … | Bloomberg: |
An ex-staffer sues Binance for dismissing her for allegedly raising concerns about a co-worker taking a bribe; Binance says she was fired for poor performance — - Binance staffer accused of bribing to speed up client process — Binance says employee was dismissed for poor performance| Christina Kyriasoglou / Bloomberg: |
The German government plans new chip subsidies, sources say about €2B, two months after Intel shelved plans to build a €30B factory in Magdeburg — - Part of a push to build chip supply resilience in Europe — Intel recently delayed a €30 billion chip factory in Magdeburg| Niall Firth / MIT Technology Review: |
How Altera deployed up to 1,000 AI agents that used LLMs to interact in Minecraft, finding that they formed a remarkable range of personality traits and roles — Left to their own devices, an army of AI characters didn't just survive — they thrived. They developed in-game jobs, shared memes … | Mathieu Pollet / Politico: |
In a risk assessment submitted to the EU in September 2023, X defended its new approach to content policing and “mission to promote open conversation” — The Elon Musk-owned social media platform touts its moderation efforts in a risk assessment submitted to the Commission.| Aisha S Gani / Bloomberg: |
Memo: Revolut tells ex-staff who were at the startup for 2+ years and held $100K+ in vested stock that they can join a secondary share sale at a $45B valuation — - Ex-workers will be able to cash in at $45 billion valuation — Secondary share sale began this summer with current employees
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