The California Endowment Will Plow Its Entire $4 Billion Into Mission Investments

February 21, 2024

(Institutional Investor) ESG may be a dirty acronym to some institutions these days, but one endowment is going all-in on it. The California Endowment, a private non-profit focused on expanding access to affordable and quality healthcare in the state, is expected to announce that it is planning to move its entire $4 billion in assets…

EU opens formal investigation into TikTok over possible online content breaches

February 19, 2024

(Reuters) The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine. Read more here.

How AI copyright lawsuits could make the whole industry go extinct

February 15, 2024

(Verge) The New York Times’ lawsuit against OpenAI is part of a broader, industry-shaking copyright challenge that could define the future of AI… There’s a lot going on in the world of generative AI, but maybe the biggest is the increasing number of copyright lawsuits being filed against AI companies like OpenAI and Stability AI. So…

Google joins the C2PA, Adobe’s effort to label digital content

February 8, 2024

(Axios) Google is joining Microsoft, Meta and Adobe in supporting a standard for labeling media that can describe who created an image or video, when and how it was created, and the credibility of its source, the company announced today. Why it matters: With Android smartphones holding a 70% global market share, and 2.5 billion YouTube users, Google’s move gives…

Oversight Board calls on Meta to rewrite ‘incoherent’ rules against faked videos

February 5, 2024

(TechCrunch) The Oversight Board, the external advisory group that Meta created to review its moderation decisions on Facebook and Instagram, issued a decision on Monday concerning a doctored seven-second video of President Biden that made the rounds on social media last year. The original video showed the president accompanying his granddaughter Natalie Biden to cast her ballot during early voting…

Takeaways From the Senate Hearing With Tech C.E.O.s on Online Child Safety

January 31, 2024

(NYT) After a series of tense exchanges between senators and tech executives that clocked in at just under four hours, the Senate Judiciary Committee hearing on online child safety came to an end on Wednesday with no clear resolutions in sight. The audience included several family members of victims, who cheered as senators berated the…

Yes, the tech layoff surge you are feeling is real

January 26, 2024

(TechCrunch) Tech layoffs are accelerating, according to the data. The surge in staff cuts comes after reductions in human capital slowed so much in the back half of 2023 that we wrote that “tech layoffs are all but a thing of the past.” At the time, reported layoffs had been trending down for months and…

Stuck in a Downturn, Startups Ghost Investors

January 24, 2024

(Bloomberg) Startups typically depend on serial infusions of funding from backers to get through their early years, and a so-called down round—raising money at a lower implied valuation than before—is a big black eye. So lately, companies have gotten increasingly creative at trying to avoid being considered less valuable, particularly when investors seek to unload…

Davos puts Climate on the Back Burner

January 18, 2024

(NYT) Here at the World Economic Forum in Davos, the most revealing discussions often happen not on the main stage, but at the myriad side events that transform this Swiss ski town into a high-minded networking event. Case in point: the annual luncheon hosted by Salesforce chief executive Marc Benioff, who is plowing some of…

A new kind of climate denial has taken over on YouTube

January 16, 2024

(Verge) Climate change disinformation on YouTube has morphed into a misleading new narrative, according to a report published today. With compounding disasters making it harder to deny that climate change is happening, creators spreading disinformation have pivoted to content that targets clean energy. In the past, content that falsely claimed that climate change was either not happening or not…