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Social network Bluesky, in a post on Friday, says that it has “no intention” of taking user content to train generative AI tools. It made the statement the same day X’s new terms of service that spell out how it can analyze user text and other information to train its generative AI tools go into effect, The Verge reported.
The U.S. Attorney’s Office in Manhattan will devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, a senior prosecutor said on Friday, Reuters reported. Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York, gave his assessment one day after President-elect Trump’s former
The European Commission has fined Meta €797.72 million for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers. The Commission’s investigation found that Meta is dominant in the market for personal social networks, which is at least
Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media, a judge in Washington ruled on Wednesday, Reuters reported.
Meta Platforms plans to give European users of Instagram and Facebook the option of receiving what it says are “less personalized ads,” a concession to regulators that risks hitting the company’s revenue in one of its largest markets, The Wall Street Journal reported.
The estate of now-defunct crypto exchange FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao in a bid to recover $1.76 billion, The Verge reported. FTX alleges these funds were fraudulently transferred to Binance, Zhao, and other Binance executives in July 2021 as part of a shares repurchase with FTX co-founder Sam Bankman-Fried. According to the
Apple may never find another product with as much revenue potential as the iPhone, but it can still thrive with several new Apple Watch - or iPad-level businesses. For years, Apple Inc. watchers, customers and investors have been fixated on the same question: What is the company’s next blockbuster product? Bloomberg reported.