Robinhood agrees to pay $45M in SEC settlement

Posted on January 13, 2025 by Techme101

Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with […]
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Microsoft forms new internal dev-focused AI org

Posted on January 13, 2025 by Techme101

Microsoft has created a new engineering org aimed at accelerating AI infrastructure and software development within the company. According to Bloomberg, Jay Parikh, previously VP and global head of engineering at Meta, will lead the new division. He’ll report to Microsoft CEO Satya Nadella, and oversee groups including the company’s AI platform and developer teams. […]
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IAC approves spinoff of home improvement marketplace Angi

Posted on January 13, 2025 by Techme101

IAC on Monday announced that its board approved the spinoff of Angi, the home improvement marketplace.

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US Chip Export Rule Proposes Limits to Thwart Chinese GPUs

Posted on January 13, 2025 by Techme101

The Biden administration states the rule will prevent U.S. chips from passing to China through countries loosely allied or not politically allied with the U.S.

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Judge Ends One Man’s 11-Year Quest to Recover $765 Million in Bitcoin by Digging Up a Landfill

Posted on January 13, 2025 by Techme101

A UK judge ruled against James Howells, who has been trying to get a hard drive with private keys to a cryptocurrency fortune out of a landfill for over a decade.

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With a TikTok Ban Looming, Users Flee to Chinese App ‘Red Note’

Posted on January 13, 2025 by Techme101

Some say they joined Xiaohongshu, which translates to “little red book,” to spite the US government after a ban on TikTok became more likely.

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As TikTok faces potential U.S. ban, China’s RedNote tops Apple app store

Posted on January 13, 2025 by Techme101

Chinese social media app RedNote is at the top of Apple’s app store, underscoring concerns that TikTok will soon be effectively banned in the U.S.

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The CIA’s first CTO, Nand Mulchandani, prepares for the Trump administration

Posted on January 13, 2025 by Techme101

In April 2022, the CIA decided to swipe right on Nand Mulchandani, appointing him as its first-ever Chief Technology Officer. It was a good look for the CIA. Mulchandani, who previously served as the CTO and acting director of the Defense Department’s Joint Artificial Intelligence Center, is something of a rare breed in Washington. Before […]
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OpenAI presents its preferred version of AI regulation in a new ‘blueprint’

Posted on January 13, 2025 by Techme101

OpenAI on Monday published what it’s calling an “economic blueprint” for AI: a living document that lays out policies the company thinks it can build on with the U.S. government and its allies. The blueprint, which includes a forward from Chris Lehane, OpenAI’s VP of global affairs, asserts that the U.S. must act to attract […]
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Prince Harry and Meghan Markle are slamming Meta over its fact-checking policy

Posted on January 13, 2025 by Techme101

Prince Harry and Meghan Markle have joined the ranks of those displeased with Meta’s changes to fact-checking and have released a statement saying that the changes “directly underminds free speech.”  “Meta’s changes to its ‘Hateful Content Policies’ do not protect free expression but instead foster an environment where abuse and hate speech silence and threaten […]
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