Musk Says Twitter Is Losing Cash Because Advertising Is Down and the Company Is Carrying Heavy Debt

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Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Musk tweeted Saturday, "We're still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load." "Need to reach positive cash flow before we have the luxury of anything else," he concluded. Ever since he took over Twitter in a $44 billion deal last fall, Musk has tried to reassure advertisers who were concerned about the ouster of top executives, widespread layoffs and a different approach to content moderation. Some high-profile users who had been banned were allowed back on the site. In April, Musk said most of the advertisers who left had returned and that the company might become cash-flow positive…
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Sources: US Chip CEOs Plan Washington Trip to Talk China Policy

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The chief executives of Intel Corp and Qualcomm Inc are planning to visit Washington next week to discuss China policy, according to two sources familiar with the matter. The executives plan to hold meetings with U.S. officials to talk about market conditions, export controls and other matters affecting their businesses, one of the sources said. It was not immediately clear whom the executives would meet. Intel and Qualcomm declined to comment, and officials at the White House did not immediately return a request for comment. The sources said other semiconductor CEOs may also be in Washington next week. The sources declined to be named because they were not authorized to speak to the media.   U.S. officials are considering tightening export rules affecting high-performance computing chips and shipments to Huawei…
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Microsoft: Chinese Hackers Exploited Code Flaw to Steal US Agencies’ Emails 

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Microsoft says hackers used a flaw in its code to steal emails from government agencies and other clients.  In a blog post published Friday, the company said that Chinese hackers were able to take advantage of "a validation error in Microsoft code" to carry out their cyberespionage campaign.  The blog provided the most thorough explanation yet for a hack that rattled both the cybersecurity industry and China-U.S. relations. Beijing has denied any involvement in the spying.  Microsoft and U.S. officials said on Wednesday night that since May, Chinese state-linked hackers had been secretly accessing email accounts at about 25 organizations. U.S. officials said those included at least two U.S. government agencies.  Microsoft has not identified any of the hack's targets, but several victims have acknowledged they were affected, including personnel…
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India to Launch Moonshot Friday

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India is set to launch a spacecraft to the moon Friday. If successful, it would make India only the fourth country to do so, after the U.S., the Soviet Union, and China. It will take the $75 million Chandrayaan-3 over a month to reach the moon's south pole  in August. The south pole is a special place of interest because scientists believe water is present there. Chandrayaan-3's equipment includes a lander to deploy a rover. Chandrayaan-3 means "moon craft" in Sanskrit. ...
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Targeting of State Department, Others in Microsoft Hack ‘Intentional’  

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Hackers, possibly linked to China’s intelligence agencies, are being blamed for a monthlong campaign that breached some unclassified U.S. email systems, allowing them to access to a small number of accounts at the U.S. State Department and a handful of other organizations. Microsoft first announced the intrusion Tuesday, attributing the attack on its Outlook email service to Chinese threat actors it dubbed Storm-0558. The company said in a blog post that the hackers managed to forge a Microsoft authentication token and gain access to the email accounts of 25 organizations, both in the U.S. and around the globe, starting in mid-May. The company said access was cut off after the breach was discovered a month later. “We assess this adversary is focused on espionage, such as gaining access to email systems…
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‘Meta Loses More:’ Zuckerberg Takes Threads Fight to EU

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U.S. tech titan Mark Zuckerberg has plunged into a high-stakes game of brinkmanship with the European Union by withholding his new Threads app from users in Europe, but analysts say he will struggle to win the fight. Threads, billed as the killer of Twitter, a platform that has tumbled into chaos under the leadership of mercurial tycoon Elon Musk, has added more than 100 million users in its first week in app stores. But Zuckerberg's firm Meta said it could not be released in Europe because of "regulatory uncertainty" around the Digital Markets Act, an antitrust regulation that will not come into force until next year. "The reason they gave made me laugh," said Diego Naranjo, head of policy at campaign group European Digital Rights. "The regulation is not uncertain,…
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Europe Signs Off on New Privacy Pact That Allows People’s Data to Keep Flowing to US 

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The European Union signed off Monday on a new agreement over the privacy of people's personal information that gets pinged across the Atlantic, aiming to ease European concerns about electronic spying by American intelligence agencies. The EU-U.S. Data Privacy Framework has an adequate level of protection for personal data, the EU’s executive commission said. That means it's comparable to the 27-nation's own stringent data protection standards, so companies can use it to move information from Europe to the United States without adding extra security. U.S. President Joe Biden signed an executive order in October to implement the deal after reaching a preliminary agreement with European Commission President Ursula von der Leyen. Washington and Brussels made an effort to resolve their yearslong battle over the safety of EU citizens’ data that…
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New Handbook Highlights Ways to Develop Tech Ethically

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In a world where technology, such as artificial intelligence, is advancing at a rapid pace, what guidance do technology developers have in making the best ethically sound decisions for consumers?  A new handbook, titled "Ethics in the Age of Disruptive Technologies: An Operational Roadmap," promises to give guidance on such issues as the ethical use of AI chatbots like ChatGPT. The handbook, released June 28, is the first product of the Institute for Technology, Ethics and Culture, or ITEC, the result of a collaboration between Santa Clara University's Markkula Center for Applied Ethics and the Vatican's Center for Digital Culture. The handbook has been in the works for a few years, but the authors said they saw a need to work with a new sense of urgency with the recent escalation…
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AI Robots at UN Reckon They Could Run the World Better

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A panel of AI-enabled humanoid robots told a United Nations summit Friday that they could eventually run the world better than humans. But the social robots said they felt humans should proceed with caution when embracing the rapidly developing potential of artificial intelligence. And they admitted that they cannot — yet — get a proper grip on human emotions. Some of the most advanced humanoid robots were at the U.N.'s two-day AI for Good Global Summit in Geneva. They joined around 3,000 experts in the field to try to harness the power of AI — and channel it into being used to solve some of the world's most pressing problems, such as climate change, hunger and social care. They were assembled for what was billed as the world's first news…
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Chinese Regulators Fine Ant Group $985M in Signal That Tech Crackdown May End

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HONG KONG — Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million) for violating regulations in its payments and financial services, an indicator that more than two years of scrutiny and crackdown on the firm that led it to scrap its planned public listing may have come to an end. The People's Bank of China imposed the fine on the financial technology provider on Friday, stating that Ant had violated laws and regulations related to corporate governance, financial consumer protection, participation in business activities of banking and insurance institutions, payment and settlement business, and attending to anti-money laundering obligations. The fine comes more than two years after regulators pulled the plug on Ant Group's $34.5 billion IPO — which would have been the biggest of its time —…
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Iran Blocks Public Access to Threads App; Raisi’s Account Created

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Just one day after its launch, Threads, the latest social media network, was blocked by the Islamic Republic, denying access to the Iranian population. This action occurred even though an account had been created for Iran President Ebrahim Raisi on the platform. On Thursday afternoon, Raisi's user account, under the address raisi.ir, was established on Threads. Within a few hours, by Friday noon, he had garnered 27,000 followers. He has yet to make any posts, apparently because the Presidential Office staff administers Raisi's social media accounts. As Raisi's user account debuted on the social media platform, numerous Iranian social media users have voiced concerns regarding restricted access to the platform since Thursday evening. Users have indicated that similar to Instagram, Twitter, and Facebook, they require a VPN or proxy to…
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What Is Threads? Questions About Meta’s New Twitter Rival, Answered

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Threads, a text-based app built by Meta to rival Twitter, is live. The app, billed as the text version of Meta's photo-sharing platform Instagram, became available Wednesday night to users in more than 100 countries — including the U.S., Britain, Australia, Canada and Japan. Despite some early glitches, 30 million people had signed up before noon on Thursday, Meta CEO Mark Zuckerberg said on Threads. New arrivals to the platform include celebrities like Oprah, pop star Shakira and chef Gordon Ramsay — as well as corporate accounts from Taco Bell, Netflix, Spotify, The Washington Post and other media outlets. Threads, which Meta says provides "a new, separate space for real-time updates and public conversations," arrives at a time when many are looking for Twitter alternatives to escape Elon Musk's raucous…
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Meta’s New Twitter Competitor, Threads, Boasts Tens of Millions of Sign-Ups

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Tens of millions of people have signed up for Meta's new app, Threads, as it aims to challenge competitor platform Twitter. Threads launched on Wednesday in the United States and in more than 100 other countries. In a Thursday morning post on the platform, Meta CEO Mark Zuckerberg said 30 million people had signed up. "Feels like the beginning of something special, but we've got a lot of work ahead to build out the app," he said in the post. Threads is a text-based version of Meta's social media app Instagram. The company says it provides "a new, separate space for real-time updates and public conversations." The high number of sign-ups is likely an indication that users are looking for an alternative to Twitter, which has been stumbling since Elon…
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Meta Launches Threads App, a Challenger to Twitter

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Facebook behemoth Meta officially launched Threads, its text-based rival to Twitter, on Wednesday — but its release in Europe has been delayed over data privacy concerns.  Threads is the biggest challenger yet to Elon Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace one of social media's most iconic companies, despite its epic struggles.  The app went live on Apple and Android app stores at 2300 GMT with accounts already active for celebrities such as Shakira and Jack Black, as well as media outlets including The Hollywood Reporter, Vice and Netflix.  "Let's do this. Welcome to Threads," wrote Meta chief executive and Facebook founder Mark Zuckerberg in his first post on the new platform, which will run with no ads for now.  The app…
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Indian Court’s Dismissal of Twitter’s Petition Sparks Concerns About Free Online Speech

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In India, a recent court judgement that dismissed a legal petition by Twitter challenging the federal government’s orders to block tweets and accounts is a setback for free speech, according to digital rights activists.   The Karnataka High Court, which delivered its judgement last week, also imposed a fine of $ 61,000 on the social media company for its delay in complying with the government’s takedown orders.   “The order sets a dangerous precedent for curbing online free speech without employing procedural safeguards that are meant to protect users of online social media platforms,” Radhika Roy, a lawyer and spokesperson for the digital rights organization, Internet Freedom Foundation, told VOA.   Twitter’s lawsuit filed last year was seen as an effort to push back against strict information technology laws passed in 2021 that…
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Twitter Chaos Leaves Door Open for Meta’s Rival App

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Elon Musk spent the weekend further alienating Twitter users with more drastic changes to the social media giant, and he is facing a new challenge as tech nemesis Mark Zuckerberg prepares to launch a rival app this week.   Zuckerberg's Meta group, which owns Facebook, has listed a new app in stores as "Threads, an Instagram app", available for pre-order in the United States, with a message saying it is "expected" this Thursday.   The two men have clashed for years but a recent comment by a Meta executive suggesting that Twitter was not run "sanely" irked Musk, eventually leading to the two men offering each other out for a cage fight.   Since buying Twitter last year for $44 billion, Musk has fired thousands of employees and charged users…
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Sweden Orders Four Companies to Stop Using Google Tool

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STOCKHOLM, SWEDEN — Sweden on Monday ordered four companies to stop using a Google tool that measures and analyzes web traffic, as doing so transfers personal data to the United States. One company was fined the equivalent of more than $1.1 million.  Sweden's privacy protection agency, the IMY, said it had examined the use of Google Analytics by the firms following a complaint by the Austrian data privacy group NOYB (none of your business), which has filed dozens of complaints against Google across Europe.  NOYB asserted that the use of Google Analytics for web statistics by the companies resulted in the transfer of European data to the United States in violation of the EU's data protection regulation, the GDPR.  The GDPR allows the transfer of data to third countries only if the…
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In US, 5G Wireless Signals Could Disrupt Flights Starting This Weekend

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Airline passengers who have endured tens of thousands of weather-related flight delays this week could face a new source of disruptions starting Saturday, when wireless providers are expected to power up new 5G systems near major airports. Aviation groups have warned for years that 5G signals could interfere with aircraft equipment, especially devices using radio waves to measure distance from the ground and which are critical when planes land in low visibility. Predictions that interference would cause massive flight groundings failed to come true last year, when telecom companies began rolling out the new service. They then agreed to limit the power of the signals around busy airports, giving airlines an extra year to upgrade their planes. The leader of the nation's largest pilots' union said crews will be able…
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In AI Tussle, Twitter Restricts Number of Posts Users Can Read

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Elon Musk announced Saturday that Twitter would temporarily restrict how many tweets users could read per day, in a move meant to tamp down on the use of the site's data by artificial intelligence companies.  The platform is limiting verified accounts to reading 6,000 tweets a day. Non-verified users — the free accounts that make up the majority of users — are limited to reading 600 tweets per day.   New unverified accounts would be limited to 300 tweets.  The decision was made "to address extreme levels of data scraping" and "system manipulation" by third-party platforms, Musk said in a tweet Saturday afternoon, as some users quickly hit their limits.  "Goodbye Twitter" was a trending topic in the United States following Musk's announcement.  Twitter would soon raise the ceiling to 8,000…
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FBI Turning to Social Media to Track Traitors

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If you logged onto social media over the past few months, you may have seen it – a video of the Russian Embassy on a gray, overcast day in Washington with the sounds of passing cars and buses in the background. A man's voice asks in English, "Do you want to change your future?" Russian subtitles appear on the bottom of the screen and the narrator makes note of the first anniversary of "Russia's further invasion of Ukraine." As somber music begins to play, the camera pans to the left and takes the viewer down Wisconsin Avenue, to the Adams Morgan Metro station and on through Washington, ending at FBI headquarters, a few blocks from the White House. "The FBI values you. The FBI can help you," FBI Assistant Director…
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Chipmaker TSMC Says Supplier Was Targeted in Cyberattack

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Taiwan Semiconductor Manufacturing Co. said Friday that a cybersecurity incident involving one of its IT hardware suppliers has led to the leak of the vendor's company data.  "TSMC has recently been aware that one of our IT hardware suppliers experienced a cybersecurity incident that led to the leak of information pertinent to server initial setup and configuration," the company said.  TMSC confirmed in a statement to Reuters that its business operations or customer information were not affected following the cybersecurity incident at its supplier Kinmax.  The TSMC vendor breach is part of a larger trend of significant security incidents affecting various companies and government entities.  Victims range from U.S. government departments to the UK's telecom regulator to energy giant Shell, all affected since a security flaw was discovered in Progress…
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Chinese, Russian Firms to Build Lithium Plants in Bolivia

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LA PAZ, BOLIVIA - Chinese and Russian companies will invest more than $1.4 billion in the extraction of lithium in Bolivia, one of the countries with the largest reserves of the mineral used in electric car batteries, the government in La Paz said Friday.   China's Citic Guoan and Russia's Uranium One Group — both with a major government stake — will partner with Bolivia's state-owned YLB to build two lithium carbonate processing plants, Bolivian President Luis Arce said at a public event.   Lithium is often described as the "white gold" of the clean-energy revolution, a highly coveted component of mobile phones and electric car batteries.   "We are consolidating the country's industrialization process," Arce said. Bolivia, which claims to have the world's largest deposits, in January also signed an…
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Meta Oversight Board Urges Cambodia Prime Minister’s Suspension from Facebook

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Meta Platforms' Oversight Board on Thursday called for the suspension of Cambodian Prime Minister Hun Sen for six months, saying a video posted on his Facebook page had violated Meta's rules against violent threats. The board, which is funded by Meta but operates independently, said the company erred in leaving up the video and ordered its removal from Facebook. Meta, in a written statement, agreed to take down the video but said it would respond to the recommendation to suspend Hun Sen after a review. A suspension would silence the prime minister's Facebook page less than a month before an election in Cambodia, although critics say the poll will be a sham due to Hun Sen's autocratic rule. The decision is the latest in a series of rebukes by the…
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‘Godfather of AI’ Urges Governments to Stop Machine Takeover

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Geoffrey Hinton, one of the so-called godfathers of artificial intelligence, on Wednesday urged governments to step in and make sure that machines do not take control of society. Hinton made headlines in May when he announced he had quit Google after a decade of work to speak more freely on the dangers of AI, shortly after the release of ChatGPT captured the imagination of the world. The highly respected AI scientist, who is based at the University of Toronto, was speaking to a packed audience at the Collision tech conference in the Canadian city. The conference brought together more than 30,000 startup founders, investors and tech workers, most looking to learn how to ride the AI wave and not hear a lesson on its dangers. "Before AI is smarter than…
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Cambodia’s Hun Sen Leaves Facebook for Telegram 

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PHNOM PENH, CAMBODIA — Cambodian Prime Minister Hun Sen, a devoted and very active user of Facebook — on which he has posted everything from photos of his grandchildren to threats against his political enemies — said Wednesday that he would no longer upload to the platform and would instead depend on the Telegram app to get his messages across.  Telegram is a popular messaging app that also has a blogging tool called "channels." In Russia and some neighboring countries, it is actively used both by government officials and opposition activists for communicating with mass audiences. Telegram played an important role in coordinating unprecedented anti-government protests in Belarus in 2020, and it currently serves as a major source of news about Russia's war in Ukraine.  Hun Sen, 70, who has…
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