Annie Bang / Bloomberg : Tech Oversight Project: ahead of a landmark social media addiction trial, Meta paid for 3,500+ ads on CNN, Fox, ...
Tech Oversight Project: ahead of a landmark social media addiction trial, Meta paid for 3,500+ ads on CNN, Fox, and others to promote Instagram's Teen Accounts — Instagram owner Meta Platforms Inc. has paid for thousands of television commercials to promote its safety work with teens ahead …
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Facebook rolls out the ability for users to animate their profile picture and to restyle Stories or Memories using preset options or a text-based AI prompt — With preset animations, you can have a still photo wave to your friends or put on a party hat.
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Sam Bankman-Fried, who is serving 25 years for fraud, files a long-shot request for a new trial, says new witness testimony could refute the prosecution's case — FTX co-founder Sam Bankman-Fried, who is currently serving a 25-year sentence for fraud stemming from the collapse …
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Sources: Spain-based Multiverse, which shrinks LLMs to reduce energy and compute costs, is in talks to raise ~€500M at a €1.5B+ valuation and has hit €100M ARR — Multiverse Computing SL, a Spanish artificial intelligence software company, is in discussions to raise about €500 million …
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Gary Shapiro plans to step down as CEO of the Consumer Technology Association, the owner and producer of annual CES events in Las Vegas, after 35+ years — President Kinsey Fabrizio to succeed Shapiro as CEO effective May 1 — Gary Shapiro is exiting as CEO of the Consumer Technology Association …
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Sources: KPMG negotiated lower fees from auditor Grant Thornton by arguing that AI will make it cheaper to do the work, and threatened to find a new auditor — Big Four accounting firm's move to cut fees for its own audit comes amid debate over pricing model
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Singapore blames Chinese-backed hacking group UNC3886 for a months-long cyber-espionage campaign that targeted its four largest telecommunication companies — Singapore's government has blamed a known Chinese cyber-espionage group for targeting four of its top telecommunication companies as part of a months-long attack.
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Sources: crypto exchange Kraken has fired its CFO Stephanie Lemmerman ahead of its long-awaited IPO; Lemmerman joined Kraken from Dapper Labs in November 2024 — Kraken has moved chief financial officer Stephanie Lemmerman to a strategic advisory role, according to a person familiar with the matter.
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Reco, which makes AI agents that monitor SaaS environments for threats, raised a $30M Series B led by Zeev Ventures, bringing its total funding to $85M — The funding aims to expand platform reach amid rising Shadow AI usage and regulatory scrutiny. — Cybersecurity company Reco …
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Vega, which uses AI to detect security threats directly within cloud services, raised a $120M Series B at a $700M valuation, bringing its total raised to $185M — Modern enterprises generate enormous amounts of security data, but legacy tools like Splunk still require companies to store …
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