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UK’s OnlyFans tops $3bn valuation amid talks to sell stake to US investor
Adult video platform to sell minority stake to increase stability after death of its founder Leonid Radvinsky Business live – latest updates OnlyFans, the UK adult video platform, is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn). The London-based company is in…
Newly unsealed records reveal Amazon’s price-fixing tactics, California attorney general claims
Exclusive: A trove of previously redacted documents was filed as part of the tech giant’s anti-trust battle with the state of California. Amazon denies it engages in price-fixing Hundreds of previously redacted records reveal how Amazon has put pressure on independent sellers using its platform into raising their prices on the sites of competitors such…
Snap Inc blames AI as it lays off 1,000 workers
Cuts by Snapchat’s parent company come in response to a declining stock price and pressure from an activist investor Snapchat’s parent company plans to lay off 16% of its employees, around 1,000 people, citing “rapid advancements in artificial intelligence”, the social media company told staff on Wednesday in an internal memo. The staff reduction is…
China now the ‘good guy’ on AI as Trump takes ‘wild west’ approach, MPs told
Experts say China is backing attempts at global governance, while US has set up race between profit-hungry companies China is now the “good guy” on AI rather than Donald Trump’s US, where the technology is being pursued in a dangerous “wild west” manner, a former UN and UK government adviser has told MPs. Prof Dame…
NAACP lawsuit accuses Elon Musk’s xAI of polluting Black neighborhoods near Memphis
Suit alleges the billionaire’s AI company is illegally spewing toxic pollutants from its datacenter in the Memphis area A new lawsuit accuses Elon Musk’s artificial intelligence company of illegally spewing toxic pollutants into the Black neighborhoods on the border of Tennessee and Mississippi. The suit, filed on Tuesday in Mississippi federal court, alleges xAI is…
Texas man accused of throwing molotov cocktail at Sam Altman home charged
FBI alleges Daniel Moreno-Gama, 20, was captured on video throwing explosive device outside home of OpenAI chief A Texas man was charged with hurling a molotov cocktail at the home of OpenAI chief executive Sam Altman and attempting to set fire to the AI firm’s headquarters. Daniel Moreno-Gama, 20, was captured on surveillance video throwing…
Dr TikTok: patients diagnose chronic illnesses with anonymous commenters’ help
TikTok users increasingly say the app has steered them toward diagnosing medical problems not yet identified Malina Lee, a 31-year-old wedding baker based in San Antonio, Texas, joined TikTok during the Covid pandemic lockdowns in 2020. Like many people at the time, she was bored and began using the platform to pass the time and…
‘Your photos will be deleted’: Apple users warned over ‘nasty’ iCloud storage scam
Fraudsters send emails claiming storage is full or nearly full, then trick people into clicking on links that can expose bank and personal details For a while you’ve been getting messages from Apple saying “your iCloud storage is full”. They say you have exceeded your storage plan, so documents are no longer being backed up,…
Elon Musk’s xAI sues Colorado over new rules for artificial intelligence
Company claims law regulating AI systems, set to go into effect in June, infringes on its first amendment rights Elon Musk’s artificial intelligence company, xAI, has filed a lawsuit against the state of Colorado over a new AI law set to take effect in June. The suit seeks to block the state from enforcing the…
US summons bank bosses over cyber risks from Anthropic’s latest AI model
Fed chair Jerome Powell reportedly attends meeting in Washington following release of Claude Mythos The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports. Jerome Powell, chair of the Rederal Reserve, was…