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Meta lowers the minimum age for its Quest headsets from 13 to 10
Meta lowers the minimum age for its Quest headsets from 13 to 10
Facebook-parent Meta plans to lower the minimum age for its virtual reality headsets from 13 years old to 10 years old, despite pressure from lawmakers not to market its VR services to younger users.
2023-06-17 05:24
Fiji and Australia boost cyber security cooperation
Fiji and Australia boost cyber security cooperation
SYDNEY Fiji and Australia will cooperate on cyber security, with Australia also boosting aid to its Pacific Islands
2023-10-18 09:49
X now valued at $19bn – less than half of what Elon Musk paid for it
X now valued at $19bn – less than half of what Elon Musk paid for it
Elon Musk’s X is now valued at about $19bn or less than half of what he paid to buy the social media company, according to a new report. The multibillionaire Tesla and SpaceX chief last year finally bought the microblogging platform that was formerly called Twitter for the price of $44bn or $54.20 per share. Mr Musk’s purchase was completed after a months-long legal battle with the company. A new internal valuation has now found there to have been a 56 per cent decrease in the company’s value over the last 12 months, suggested internal documents. Stock grants handed out to employees showed X/Twitter is now worth about $19bn, Fortune reported on Monday. Mr Musk earlier said he had overpaid for the social media platform that he called “an inverse start-up.” In March, he told employees in an email that they would receive stock awards based on a $20bn valuation of the firm. The valuation drop comes as several high-profile advertisers have withdrawn after the Tesla titan’s controversial takeover of the company. Mr Musk’s reign of the platform has been marred by mass layoffs, the chaotic roll out of a number of new features, including the site’s verification process, and the reinstatement of previously suspended high-profile accounts. The company was also rebranded X along with a new logo to replace the bird icon that had been there since the platform’s creation. There have also been rising concerns around X’s content moderation approach. The EU recently opened an investigation into the company as misinformation linked to the Israel-Hamas conflict began to spread on the platform. In July, Mr Musk shared that X is “still negative cash flow” with a “50 per cent drop in advertising revenue plus heavy debt load”. Banks involved in financing the multibillionaire’s deal to buy Twitter are also reportedly struggling to mitigate the impact of platform’s decline in value on their balance sheets. The Tesla and SpaceX boss, however, has remained optimistic about the future of the platform. Mr Musk claimed in an email last year that he saw a “clear, but difficult, path to a >$250B valuation” for the company. In a recent company meeting, he also reportedly expressed his belief that the rebranded X could serve as an all-purpose app with a range of features like job recruitment and dating services. “We’re rapidly transforming the company from sort of what it was, Twitter 1.0, to the everything app with an all-inclusive feature app where you can basically do anything you want on our system,” he said, according to The New York Times. The Independent has reached out to X for a comment. Read More Elon Musk slammed by Israel for offering to send Starlink to Gaza Elon Musk says X posts with misinformation are ‘ineligible for revenue share’ Twitter adds video calling – and lets strangers ring you Elon Musk was ‘almost in tears’ on Tesla earnings call, analyst claims Slack to retire its status account on Elon Musk’s X Tesla’s profits dip as Musk goes on rant about staff working from home
2023-10-31 14:49
75% of Irish data watchdog’s GDPR decisions since 2018 overruled – report
75% of Irish data watchdog’s GDPR decisions since 2018 overruled – report
Three quarters of the Irish data watchdog’s GDPR decisions were overruled by European regulators, a report has found. The report indicates that 75% of the Data Protection Commission’s decisions in EU cases over a five-year period were overruled by the European Data Protection Board (EDPB). The EDPB had demanded tougher enforcement action in these cases, the report by the Irish Council for Civil Liberties (ICCL) said, with only one other country in one other case overruled in such a manner. The figures include final decisions from January 2023 that are not yet included in the EDPB register of final decisions, from which the figures are based. If these three cases are not included, the figure is 88% of DPC decisions overruled. The report said that the DPC tends to use its discretion under Irish law to choose “amicable resolution” to conclude 83% of the cross-border complaints it receives, instead of using enforcement measures. The ICCL report claims that Ireland remains “the bottleneck of enforcement” for major cross-border cases in Europe. “When it does eventually do so, other European enforcers then routinely vote by majority to force it to take tougher enforcement action,” it said. As Google, Meta, Apple, TikTok and Microsoft have headquarters in Ireland, the Data Protection Commission is the lead authority investigating data privacy complaints about tech giants in Europe. Some 87% of cross-border GDPR complaints to Ireland’s DPC also involve the same eight companies: Meta, Google, Airbnb, Yahoo!, Twitter, Microsoft, Apple, and Tinder. On EU-wide cases, the ICCL report found that since May 2018 – when GDPR laws came into effect – and late 2022, 64% of the 159 enforcement measures were reprimands, stating that enforcement against tech giants in Europe “remains largely paralysed”. The EDPB register of EU-level decisions shows there were 49 compliance orders issued over four and a half year years. The report called on the European Commissioner for Justice Didier Reynders to “take serious action” to enforce GDPR laws across Europe. Last summer, the Irish Government announced that two additional data protection commissioners would be hired, and that Helen Dixon would be promoted to chairwoman of the DPC – in an attempt to better resource the watchdog in recognition of its growing workload. The DPC has been carrying out a review of its governance structures, staffing arrangements and processes since last summer. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Kate Winslet calls on Government to ‘criminalise harmful content’ Humans could be controlled by robots, AI firm’s founder warns AI pioneer warns UK is failing to protect against ‘existential threat’ of machines
2023-05-15 17:28
MLB testing hands-free entry for fans utilizing facial authentication, AI security
MLB testing hands-free entry for fans utilizing facial authentication, AI security
The Philadelphia Phillies have partnered with Major League Baseball to use their stadium as the site of a pilot program called Go-Ahead Entry
2023-09-01 02:56
How to Get Optimus Primal in Fortnite
How to Get Optimus Primal in Fortnite
Optimus Primal is now available in the Fortnite Item Shop for 1,800 V-Bucks, along with a Maximal-themed Back Bling, Pickaxe, and Emote.
2023-06-09 23:46
Volta introduces to the American market the newest Volta Mower S23.
Volta introduces to the American market the newest Volta Mower S23.
LAKE COMO, Italy--(BUSINESS WIRE)--Jul 4, 2023--
2023-07-04 17:24
Has NoPixel banned RatedEpicz? xQc discusses GTA RP streamer's situation, says 'You just don't know what canceling means'
Has NoPixel banned RatedEpicz? xQc discusses GTA RP streamer's situation, says 'You just don't know what canceling means'
xQc said, 'It was his biggest stream since he created his channel, that's, like, the opposite of being canceled, as far as I am concerned'
2023-07-14 14:21
Salas O’Brien Celebrates Grand Opening of Kaiser Permanente’s San Marcos Medical Center
Salas O’Brien Celebrates Grand Opening of Kaiser Permanente’s San Marcos Medical Center
IRVINE, Calif.--(BUSINESS WIRE)--Aug 16, 2023--
2023-08-17 02:15
Better Safe Than Sorry: How to Run a Security Checkup on Your Google Account
Better Safe Than Sorry: How to Run a Security Checkup on Your Google Account
Like a lot of people, your online life is probably heavily tied to Google, from
2023-06-07 23:47
Vodafone plans 11,000 job cuts
Vodafone plans 11,000 job cuts
Vodafone said Tuesday it would cut 11,000 jobs over three years, as the telecoms company unveiled a turnaround plan to revive its fortunes.
2023-05-16 15:52
Scientists have discovered the 'largest mummy workshop' ever
Scientists have discovered the 'largest mummy workshop' ever
Archeologists in Egypt have discovered what they have called "the largest and most complete" mummification workshop ever at a site near Cairo. As reported by The Telegraph, the site dates back to the 4th century and the 30th Dynasty in the early Ptolemaic era and is near the oldest stone pyramid in Egypt, Djoser's Step. Mostafa Waziri, the secretary general of Egypt’s supreme council of Antiquities is quoted as saying: "Two stone beds for human embalming were found in a number of rooms. The beds were approximately two metres long and one metre wide. They were made of stone blocks and covered with a layer of mortar that sloped down to a gutter. "The mummification beds were used to prepare the body by extracting the human organs, which were placed in canopic jars that were discovered." Sign up to our free Indy100 weekly newsletter The mud brick site, which was only used for humans, reportedly contains two embalming beds, body organ tools, linen rolls and canopic jars. In a separate workshop, which was dedicated to mummifying just animals, bronze tools were found as well as five limestone beds. Other artifacts that were found were intact wooden and stone statues, funerary objects as well as inscriptions on the tomb walls about various activities including hunting. Perhaps the most interesting element of the find were two tombs believed to belong to high-ranking officials and priests that had been carved into stone. Experts at the site predict that the two tombs are 4,400 and 3,400-year-old respectively. This comes after scientists in Germany found the remains of a lost city dubbed 'the Atlantis of the North Sea' which was swept away by waves more than 600 years ago. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-05-30 00:28