Meta, the parent company of Facebook, is taking additional measures to combat the spread of misinformation and deepfakes ahead of upcoming elections globally. In an effort to identify images manipulated by artificial intelligence (AI), Meta is developing tools to detect AI-generated content on Facebook, Instagram, and Threads. Previously, the company only labeled AI-generated images created
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Federal Reserve Chair Jerome Powell has announced that the central bank will proceed cautiously with interest rate cuts this year, signaling a considerably slower pace than what the market had expected. In an interview with “60 Minutes” after the Federal Open Market Committee meeting, Powell expressed confidence in the strength of the economy and assured
National security adviser Jake Sullivan emphasized on Sunday that the United States intends to conduct additional military action against Iran-backed groups, heightening tensions in the already volatile Middle East. Despite Sullivan insisting that the U.S. is not seeking a wider conflict in the region, his statement raises concerns about the escalation of hostilities. This aggressive
Technology companies are experiencing a profound shift in their approach to growth. The days of unfettered expansion and limitless hiring are giving way to a more measured and disciplined strategy. Meta and Amazon, two of the largest tech companies, have recently showcased their ability to do more with less, leading to increased shareholder confidence. This
Tesla, the electric vehicle manufacturer, recently agreed to pay a fee of $1.5 million to settle a civil lawsuit accusing the company of mishandling hazardous waste materials at its facilities in California. While this may seem like a significant penalty, it is relatively insignificant for Tesla, considering the company’s reported net income of $7.93 billion
The House of Representatives made a decisive move on Wednesday night by passing a $78 billion tax package. Aimed at expanding the child tax credit, this bill achieved a bipartisan majority of 357-70, signaling strong support. However, as it now heads to the Senate, its future remains uncertain. With objections from different corners of the
In a recent ruling by the Delaware Chancery Court, the $56 billion pay package awarded to Elon Musk, CEO of Tesla, has been voided. The court stated that the company’s board of directors failed to demonstrate the fairness of the compensation plan. This decision has had a negative impact on Tesla’s stock price, as it
PayPal, under the leadership of CEO Alex Chriss, recently announced a workforce reduction of approximately 9% globally, resulting in the loss of about 2,500 jobs. This decision comes as the company seeks to streamline operations, drive efficiency, and foster a culture of innovation. While necessary for the long-term success of the business, the job cuts
Artificial intelligence (AI) is a rapidly advancing technology that has the potential to revolutionize various aspects of our lives. However, with its growth comes the need for responsible and safe use, especially among teenagers. OpenAI, a prominent AI research organization, has recognized this need and announced a partnership with Common Sense Media, a nonprofit organization
President Joe Biden’s campaign is taking an innovative approach to raise funds and inspire Democratic voters who have yet to show strong enthusiasm for the party’s 2024 ticket. The campaign is in the early stages of planning a first-of-its-kind fundraiser that would feature three Democratic presidents appearing together: Biden, Bill Clinton, and Barack Obama. While