NAIROBI (Reuters) -A Kenyan court has given Facebook's parent company Meta and content moderators suing it for unfair dismissal 21

LONDON--(BUSINESS WIRE)--Jun 1, 2023--

Readers weigh in on semiconductor manufacturing in Arizona, reasons to halt the issuance of Treasuries, hedging with oil funds, and the case for Canadian auto-parts maker Linama

OpenAI boss Sam Altman has labelled bitcoin the “super logical” next step for technological progress, just months after launching his own cryptocurrency. Mr Altman, whose company launched the viral AI assistant ChatGPT last year, made the comments on a recent appearance on The Joe Rogan Experience podcast, during which he also lamented the role of government regulation in the crypto space. “The war on crypto... that makes me quite sad about the country,” Mr Altman said. “I think this idea that we have this global currency that is outside of the control of any government is a super logical and important step on the tech tree.” The price of bitcoin fell sharply in 2021 and 2022, largely driven by the collapse of the FTX crypto exchange. The US Securities and Exchange Commission has since filed lawsuits against other exchanges like Binance and Coinbase as part of a crackdown against the industry. A crypto bill has also been introduced by Senator Elizabeth Warren in an attempt to address “crypto’s use in money laundering, drug trafficking, and financing of terrorism and rogue nations”. The OpenAI boss spoke briefly about his own cryptocurrency project, called Worldcoin, which has faced several controversies since officially launching in July. The project involves collecting people’s biometric data through an iris-scanning orb in exchange for a share of the crypto token WLD. The idea is to use the data to verify each individual’s “unique personhood” in order to ensure that no one is able to claim more than their allotted share of the cryptocurrency. The unique approach has been branded both “outlandish” and “revolutionary” by crypto commentators, with some warning that the sensitive nature of the data means it could be exploited by nefarious actors. Regulators in several countries, including France and Germany, are investigating Worldcoin’s operations to see if it is in violation of data security practices. Worldcoin has acknowledged the privacy concerns, noting in a blog post in August that “everything is optional” and that no personal information needs to be tied to the iris scan. “[The Orb] validates a person’s humanness locally on the device, without needing to send, upload or save images,” the post stated. “By default, the Orb promptly deletes iris images after the creation of the iris code.” Read More Sam Bankman-Fried trial: Billion dollar crypto fortune was ‘built on lies’, prosecutors say How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin

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Jack Dorsey has said it is “critical to preserve the open internet” after Twitter owner Elon Musk announced controversial new “rate limits” for viewing tweets on the social media platform. The Twitter co-founder and former chief said “running Twitter is hard” after widespread backlash against Mr Musk’s temporary limits on the number of tweets people can read on the microblogging site. He, however, expressed hopes that the platform would build on “censorship-resistant open protocols” that would be “good for all, and critical to preserve the open internet”. Thousands of Twitter users took to the platform to report problems with the site over the weekend, with complaints of inability in retrieving tweets, missing timelines and disappearing followers. Reports of outages began flooding Down Detector, peaking on Sunday and extending to Monday. The backlash started after Twitter declared on Saturday that verified accounts were being limited to reading 6,000 posts a day. Mr Musk later said “rate limits” were increasing to “8,000 for verified, 800 for unverified & 400 for new unverified”. He reasoned that the limits were being imposed to “address extreme levels of data scraping & system manipulation”. Many users expressed their frustration with the new move as they got a notification that said, “Sorry, you are rate limited. Please wait a few moments then try again”. Industry experts were also baffled at such a move by a social media company to put people off its platform, especially as Twitter has battled with retaining advertisers on the platform ever since Mr Musk took over last November. “Never have I seen a social network try so hard to put people off using a platform and to completely curtail any potential future for its business,” Matt Navarra, a social media consultant and industry analyst told PA, adding that the move was “yet another crazy decision by Elon Musk”. Jasmine Enberg, principal analyst at Insider Intelligence, said the new move could be “catastrophic” for Twitter’s ad business, that has already reeled from dwindling revenues. The company even roped in former NBCUniversal advertising executive Linda Yaccarino to be its new chief to repair relationships with advertisers who pulled away from the platform. The latest “reading limits”, according to Lou Paskalis, the founder of advertising consultancy AJL Advisory, “signals to the marketplace that he’s not capable of empowering her to save him from himself”. Mr Dorsey acknowledged that running Twitter was “hard”, adding that he trusted the team was “doing their best under the constraints they have”. “It’s easy to critique the decisions from afar... which I’m guilty of... but I know the goal is to see Twitter thrive. It will,” he said. It remains unclear how long the restrictions will last, as thousands continue to report about outages on the platform. Twitter did not reply to requests for comment as it had earlier this year changed its policy for interacting with reporters. Read More Twitter limits number of tweets people can read in a day, Elon Musk announces Pete Buttigieg blames severe weather for Fourth of July travel chaos Explosive devices and ‘Molotov cocktail-style object’ detonated in Washington DC Twitter limits number of tweets people can read in a day Heart transplant woman’s daughter twice saved her life using Alexa iPhone users urged to check their photo library amid fears they could be deleted

By Brad Brooks (Reuters) -An already rain-soaked New England braced for more downpours, with four people dead from flooding, and

By Toby Sterling and Stephanie van den Berg THE HAGUE (Reuters) -The International Criminal Court (ICC) on Tuesday disclosed a

An influential group of institutional investors has called on governments to remove policy barriers to help unleash an

DALLAS & TAIPEI, Taiwan--(BUSINESS WIRE)--Jul 11, 2023--

By Sarah Marsh, Supantha Mukherjee and Andreas Rinke BERLIN/STOCKHOLM The European Union is set to urge Germany to

LONDON (Reuters) -Allen & Overy has suffered a "data incident", the London-founded law firm said on Thursday, after social media