Ilan Strauss News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Unlike the risks from AI’s capabilities, the economic risks from new technologies are knowable and can be mitigated.

LONDON — In a new lawsuit in the United States against Meta, 41 states and the District of Columbia argue that two of the company’s social-media products, Instagram and Facebook, are not just addictive but detrimental to children’s well-being. Meta is accused of engaging in a “scheme to exploit young users for profit”, including by showing harmful content that keeps them glued

Big Tech now accounts for nearly a quarter of the S&P 500’s index and a quarter of research and development spending by US publicly listed non-financial firms. Amazon is the world’s fifth-largest employer, and it is still growing.

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MLONDON  —  In 2021, Alphabet (Google’s parent), Amazon, Apple, Meta (Facebook’s new alias) and Microsoft were among the world’s largest companies in terms of revenue and profit. These five companies alone increased their market capitalisation by an amount greater than Italy’s GDP($2.5 trillion vs. $2.1 trillion). Big Tech now accounts for nearly a quarter of the S&P 500’s