List of All Articles with Tag 'tech'

US president Joe Biden and vice president Kamala Harris joined Instagram’s Threads after the White House said Elon Musk’s sharing of an antisemitic conspiracy theory on X was “unacceptable”. Within an hour of joining the rival Meta-owned platform, Mr Biden’s profile garnered over two million followers. “Folks, it’s President Biden,” the official US president’s account posted on Threads. “You’re hearing from me today from a new platform, but my message to you hasn’t changed: Right now, we face an inflection point – one of those challenging moments in history where the decisions we make today will determine decades to come,” the president said. Several accounts on the X rival app responded to the post, calling for a ceasefire amid Israel’s invasion of Gaza, and posting “Free Palestine” along with words of support for Palestinians. Mr Biden joining Threads ahead of a presidential election could boost the platform’s legitimacy and bring more followers to the app. The White House’s decision comes as X, formerly Twitter, is embroiled in a controversy over the platform’s owner Mr Musk endorsing a post falsely asserting that Jewish people “have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them”. The conspiracy theory was among the hateful ideas referenced by the gunman who carried out the deadliest antisemitic attack in US history, killing 11 people at a Pittsburgh synagogue in 2018. Mr Musk immediately faced backlash for sharing the post at a time when Jewish people were facing an increasing amount of hostility due to the Israel-Hamas conflict which began on 7 October. “It is unacceptable to repeat the hideous lie behind the most fatal act of antisemitism in American history at any time, let alone one month after the deadliest day for the Jewish people since the Holocaust,” Andrew Bates, a spokesperson for the White House, said in a statement. Watchdog group Media Matters for America said earlier that it found advertisements for companies like IBM, Apple and Oracle were being placed alongside antisemitic content on X. A number of companies, including Apple, Disney, Discovery, Warner Bros, and Paramount Global have paused their ads on X. The latest incident marked yet another effect of X failing to moderate harmful content. It also points to the Biden administration’s efforts to turn to more social media platforms to engage with users ahead of the 2024 presidential elections. Mr Musk responded on Sunday saying X would be filing a “thermonuclear lawsuit” against Media Matters “and all those who colluded in this fraudulent attack on our company.” Responding to the Tesla Titan’s post, Media Matters president Angelo Carusone called Mr Musk a “bully who threatens meritless lawsuits”. “Musk admitted the ads at issue ran alongside the pro-Nazi content we identified. If he does sue us, we will win,” Mr Carusone said. X has not responded to The Independent’s request for comment. Read More Musk files defamation suit against Media Matters over Nazi X post claims Elon Musk and Trump aide want journalists jailed over X Hitler exposé Elon Musk insists he’s not antisemitic after sharing antisemitic post SpaceX Starship rocket loses contact after reaching space: Live updates Disney, Apple suspend ads on Musk’s X after he agrees with antisemitic tweet SpaceX to launch world’s biggest rocket again after first attempt ended in explosion

Epic Games Inc. Chief Executive Officer Tim Sweeney testified that Google’s Android operating system is a “fake open

By Jeffrey Dastin, Anna Tong and Stephanie Kelly SAN FRANCISCO (Reuters) -OpenAI named ex-Twitch boss Emmett Shear as interim CEO,

OpenAI’s board hired former Twitch chief Emmett Shear as chief executive officer, defying calls from investors to reinstate

Sam Altman, one of the most prominent figures in the world of artificial intelligence, is being forced out

Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers

OpenAI Inc. Chief Executive Officer Sam Altman thinks humanity is “on a path to self-destruction as a species

Applied Materials Inc., the largest US maker of chipmaking machinery, slid in late trading following a report that

(This Nov. 13 story has been corrected to remove reference to China in the headline, to clarify that TikTok is

Truth Social’s parent company lost almost $23m (£18.7m) in the first half of this year alone, according to a new securities filing that raises concerns about its “ability to continue”. The filing released on Monday marks the first time any financial details about Donald Trump’s social media platform have been shared publicly, according to The Hollywood Reporter. Truth Social was launched in February last year after Mr Trump was banned from most social networks in the aftermath of the 6 January 2021 Capitol riots. The former US president – who announced his candidacy for the 2024 elections in November last year – has since returned to X (formerly known as Twitter), but says Truth Social is still his primary social media platform and that he won’t post anywhere else until six hours after he sends a “Truth”. Having Mr Trump on board has not translated into revenue for the platform’s parent company Trump Media & Technology Group (TMTG), however. Over the first half of 2023 it has lost $23m while bringing in only $2.3m in net sales, the filing showed. This has raised doubts about the viability of the company and its social media startup, according to the filing. “TMTG’s independent registered public accounting firm has indicated that TMTG’s financial condition raises substantial doubt as to its ability to continue as a going concern,” the company noted in the filing. The company said the “management has substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG”. The remarks were made in its assessment of business till the end of December last year and as of 30 June 2023. Concerns have also been raised over Digital World Acquisition Corporation (DWAC), a Special Purpose Acquisition Company (SPAC), that had some years ago announced plans to merge with TMTG. An SPAC is a shell corporation which raises money by listing itself on a stock exchange with the aim of using the funds for a merger with a different and usually more well-known entity. The filing said DWAC has “until 8 September 2024 to consummate a business combination”. It raised concerns that both TMTG and DWAC may not survive unless this merger is completed. “It is uncertain that Digital World will be able to consummate a business combination by this time. If a business combination is not consummated by this date, there will be a mandatory liquidation and subsequent dissolution of Digital World,” the filing said. “TMTG believes that it may be difficult to raise additional funds through traditional financing sources in the absence of material progress toward completing its merger with Digital World,” the filing further said. “A number of companies that had licence agreements with President Trump have failed. There can be no assurances that TMTG will not also fail,” the filing said. TMTG also cited a number of risks to its business in the new filing, including a dedicated section titled “Risks related to our chairman, president Donald J Trump”. The section lists his ongoing legal hurdles. “TMTG’s success depends in part on the popularity of its brand and the reputation and popularity of its chairman, president Donald J Trump,” the filing said. “The value of TMTG’s brand may diminish if the popularity of President Trump were to suffer. Adverse reactions to publicity relating to President Trump, or the loss of his services, could adversely affect TMTG’s revenues, results of operations and its ability to maintain or generate a consumer base.” Read More Return of original Fortnite map causes record traffic on Virgin Media O2 network Elon Musk unveils new sarcasm-loving AI chatbot for premium X subscribers Elon Musk mocks politicians at AI summit Tesla to offer ‘beast mode’ version of Cybertruck with bulletproof panels X now valued at $19bn – less than half of what Elon Musk paid for it Solar panel world record smashed with ‘miracle material’

Trade Desk Inc. shares plummeted the most in a year-and-a-half after the digital advertising platform gave a weak

The controversial firm's founder said the site was no longer "psychologically" sustainable.