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Showing posts with the label Internet

Wall Street punishes Alphabet and Microsoft despite earnings beats after stocks hit record

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[ad_1] Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Results were good, but not good enough. That's Wall Street's reaction to quarterly results on Tuesday from Alphabet and Microsoft . Both companies reported revenue and earnings that exceeded estimates, yet the stocks sold off in extended trading. In investor speak, the stocks were priced for perfection. Alphabet shares are up 56% for the year and climbed to a fresh high last week, exceeding the prior record from late 2021, the peak of the tech boom. Microsoft is up 70% over the past 12 months, also reaching a fresh high recently and surpassing Apple as the most valuable publicly traded company. The companies generated excitement last year by riding the artificial intelligence wave, and were also lauded by shareholders for their dramatic cost-cutting efforts, which included ...

Supreme Court blocks restrictions on Biden administration efforts to remove contentious social media posts

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[ad_1] The US Supreme Court in Washington, DC, on June 27, 2023. Kevin Dietsch | Getty Images WASHINGTON — The Supreme Court on Friday blocked in full a lower court ruling that would have curbed the Biden administration's ability to communicate with social media companies about contentious content on such issues as Covid-19. The decision in a  short unsigned order  puts on hold a Louisiana-based judge's ruling in July that specific agencies and officials should be barred from meeting with companies to discuss whether certain content should be stifled. The Supreme Court also agreed to immediately take up the government's appeal, meaning it will hear arguments and issue a ruling on the merits in its current term, which runs until the end of June. Three conservative justices noted that they would have denied the application: Samuel Alito, Clarence Thomas and Neil Gorsuch. "At this time in the history of our country, what the court has done, I fear, will be seen by so...

Omegle shuts down online chat service amid legal challenges

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[ad_1] Omegle, an online chat service that billed itself as an anonymous forum to "talk to strangers," has shut down amid allegations it served as a hotbed for criminal activities.  In a lengthy statement Thursday, Omegle founder Leif K-Brooks said the service is closing because combating misuse of the platform is "no longer sustainable, financially nor psychologically." In recent years, Omegle has faced a slew of lawsuits alleging the platform, which connected people via text and video chat, became a breeding ground for sexual harassment and facilitated the sexual exploitation of minors by pairing underaged users with sexual abusers.   "The stress and expense of this fight – coupled with the existing stress and expense of operating Omegle, and fighting its misuse – are simply too much," Brooks said in the statement.   The website shut its anonymous chat function Thursday. Omegle, founded in 2009...

Senators to launch bill that will help ban or prohibit foreign technology like TikTok

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[ad_1] In this photo illustration, a TikTok App Logo is displayed on a mobile phone. Stanislav Kogiku | Sopa Images | Lightrocket | Getty Images Senate Intelligence Committee Chair Mark Warner, D-Va., said Sunday he is introducing a broad bipartisan bill this week that will outline an approach to banning or prohibiting foreign technology, like the popular video-sharing app TikTok. TikTok is a short-form video platform that is used by more than 100 million Americans. Data privacy concerns have been swirling around the app because of its parent company ByteDance, which is based in China and privately held. Warner said he is working on the bill with Sen. John Thune, R-S.D., adding that he is concerned over the type of content that Americans are seeing on TikTok. "They are taking data from Americans, not keeping it safe, but what worries me more with TikTok is that this can be a propaganda tool," he told "Fox News Sunday." Warner's legislation comes after U.S. ...

LCs major hurdle in completing internet projects | The Express Tribune

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[ad_1] ISLAMABAD: The Senate Standing Committee on Information Technology and Telecommunication on Monday was informed that 1.5 million new internet connections were being provided every month, but the non-opening of letters of credit (LCs) were creating problems. The information technology ministry further informed the Senate panel that the non-opening of letters of credit was affecting the projects of the Universal Service Fund (USF). The participants of the huddle were further informed the letters of credit would become an issue for Jhang, Lodhran, and Mianwali. The USF officials present at the meeting told the participants that the stoppage of the letters of credit had caused hurdles in the import of machinery for the telecom infrastructure. Read  PM says govt still has time to fix economy The USF managing director told the Senate panel that various projects were stalled over the lack of import of the required machinery. The Senate panel took notice of the issue of t...

Supreme Court to hear case that could reshape the

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[ad_1] Washington — Kati Morton was a reluctant adopter of YouTube. A therapist working toward her license in California, it was her then-boyfriend, now-husband, who first suggested that Morton explore posting videos on the platform as a way to disseminate mental health information. The year was 2011, and Morton, like many others, thought YouTube primarily consisted of videos of cats playing the piano and make-up tutorials. But after seeing other content posted on the site, Morton decided to give it a shot. Her audience started small, with her videos garnering a handful of views. But in the more than a decade since then, Morton's YouTube channel has grown to more than 1.2 million subscribers. Crucial to the growth of Morton's audience is YouTube's system for recommending content to users, which the company began building in 2008. It relies on a highly complex algorithm to predict what videos will interest viewers and keep ...

National Pet Day 2023: Essential Care Tips for Your Pet's Health and Happiness

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[ad_1] It is important to understand your pet's specific needs based on their breed, age, and health conditions, and to provide them with the appropriate care and attention to ensure their overall health and happiness Regular check-ups, proper nutrition, exercise, mental stimulation, grooming and love are all essential components of providing your pet with a healthy life. Taking care of your pet’s wellness and lifestyle involves providing regular veterinary check-ups, a balanced and healthy diet, regular exercise, mental stimulation, grooming, a safe and comfortable living environment, and love and attention. It is important to understand your pet’s specific needs based on their breed, age, and health conditions, and to provide them with the appropriate care and attention to ensure their overall health and happiness. Regular check-ups, proper nutrition, exercise, mental stimulation, grooming, and love and attention are all essential components of providing your pet with a heal...

Google quietly ditched plans for an AI-powered chatbot app for Gen Z

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[ad_1] Google was working on an AI-powered mobile chatbot app for Gen Z users that features interactive digital characters, CNBC has learned. However, the company recently "deprioritized" those efforts amid an internal reorganization, according to materials seen by CNBC. Typically, when a product is deprioritized at Google, work on it ceases. Called "Bubble Characters," the app featured a choice of a talking digital character that would interact in conversations with Gen Z users, according to internal documentation viewed by CNBC. The company had been working on it since Q4 2021. Google declined comment to CNBC. The app's description states that it featured "human-like" conversations that "take action" and are "interesting for GenZ." The conversations were powered by large language models, which are massive data sets used to understand and generate human-like text. "What started out as something from a science fiction nov...

Amazon CEO explains how the company will compete against Microsoft, Google in AI race

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[ad_1] Amazon CEO Andy Jassy doesn't believe the retail and cloud computing giant should be counted out of the artificial intelligence race just yet. In a wide-ranging interview with CNBC, Jassy challenged the notion that Amazon has fallen behind in AI as Microsoft and Google add chatbots to consumer products like their search engines, likening it to the "hype cycle" before the "substance cycle." "I think most people are focused on the applications, you know, things like ChatGPT brought everybody's awareness up, but I think of generative AI as having three macro layers," Jassy told Jon Fortt in an interview that aired on "Closing Bell Overtime" late Thursday. "I think they're all really big and important." Jassy has said Amazon intends to invest in AI across the company, and that AI programs have the potential to improve "virtually every customer experience." But he specifically pointed to Amazon Web Servi...