Your City, Your News
November 17, 2024
NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Though he described Bankman-Fried as “extremely smart,” U.S. District Judge
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Meta will be sunsetting Facebook News in early April for users in the U.S. and Australia as the platform further deemphasizes news and politics. The feature was shut down in the U.K., France and Germany last year. Launched in 2019, the News tab curated headlines from national and international news organizations, as well as smaller,
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U.S. federal agencies must show that their artificial intelligence tools aren’t harming the public, or stop using them, under new rules unveiled by the White House on Thursday. “When government agencies use AI tools, we will now require them to verify that those tools do not endanger the rights and safety of the American people,”
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TORONTO (AP) — Four of the largest school boards in the Canadian province of Ontario said Thursday they launched lawsuits against TikTok, Meta and SnapChat alleging the social media platforms are disrupting student learning. The lawsuits claim platforms like Facebook and Instagram are “designed for compulsive use, have rewired the way children think, behave, and
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Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. The founder and former CEO of the massive cryptocurrency exchange FTX was sentenced to 25 years in prison Thursday after being convicted of fraud for stealing at least $10 billion from customers and investors. The collapse of one of the largest
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When a 900-foot container ship struck the San Francisco–Oakland Bay Bridge in 2007, the span stood firm and no one died, either on the ship or the highway above. The bridge’s supports were protected by a fendering system of concrete and other materials that was installed to absorb such strikes. And it’s now prompting the
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NEW YORK (AP) — Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. They’re also, thanks to the rabid reception among investors coupled with the companies’ fuzzy profit outlooks, the latest meme stocks. Meme stocks are typically shares in companies whose underlying business fails
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NEW YORK (AP) — Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion. Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. “Generative AI is poised to be the most transformational technology of
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NEW YORK (AP) — The Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the company, according to a person familiar with the matter. The investigation is the latest battle in Washington for the social media company, which is already
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NEW YORK (AP) — A top U.S. prosecutor announced criminal charges Tuesday against a once-ascending company in the cryptocurrency world and two of its founders in a bid to send a message to other players in the industry to follow U.S. laws. U.S. Attorney Damian Williams said conspiracy charges against KuCoin and two executives should
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