| 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| 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| 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.| Reuters: |
Delivery Hero's Talabat, one of the largest food delivery services in the UAE, sets its Dubai IPO price at the top end of its range and plans to raise ~$2B — Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering … | Bill Toulas / BleepingComputer: |
ESET researchers find the first UEFI bootkit designed specifically to target Linux systems, marking a shift in bootkits that previously focused on Windows — The first UEFI bootkit specifically targeting Linux systems has been discovered, marking a shift in stealthy and hard-to-remove bootkit threats … | Manish Singh / TechCrunch: |
Filing: Zomato has raised $1B by issuing approximately 336.5M shares at about $3 each, its first major fundraise since its 2021 IPO — Zomato has raised $1 billion through a so-called qualified institutional placement, completing its first major fundraise since its 2021 IPO.| 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 … | 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| Ella Creamer / The Guardian: |
Writers and publishers criticize Spines, which raised a $16M seed round and charges authors $1,200 to $5,000 to use AI to edit and distribute their books — Publisher Spines will charge authors between $1,200 and $5,000 to have their books proofread, designed and distributed with the help of artificial intelligence| 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| 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 … | Dan Milmo / The Guardian: |
Ofcom: 22.9M UK adults visited Reddit in May 2024, up 47% YoY, making it the fifth biggest social media platform in the UK, above X's 22.1M and LinkedIn's 18.3M — Discussion platform takes fifth place in rankings and is the fastest growing large social media platform in the UK| Ingrid Lunden / TechCrunch: |
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| Mathieu Pollet / Politico: |
| Munsif Vengattil / Reuters: |
| Wall Street Journal: |
| Kyle Wiggers / TechCrunch: |
| Mike Masnick / Techdirt: |
| Ana Altchek / Business Insider: |
| Kelcee Griffis / Bloomberg: |