Monday, February 26

Technology

What to Know About the Supreme Court Case on Free Speech on Social Media
Technology

What to Know About the Supreme Court Case on Free Speech on Social Media

Social media companies are bracing for Supreme Court arguments on Monday that could fundamentally alter the way they police their sites.After Facebook, Twitter and YouTube barred President Donald J. Trump in the wake of the Jan. 6, 2021, riots at the Capitol, Florida made it illegal for technology companies to ban from their sites a candidate for office in the state. Texas later passed its own law prohibiting platforms from taking down political content.Two tech industry groups, NetChoice and the Computer & Communications Industry Association, sued to block the laws from taking effect. They argued that the companies have the right to make decisions about their own platforms under the First Amendment, much as a newspaper gets to decide what runs in its pages.So what’s at stake?The Supre...
A Marketplace of Girl Influencers Managed by Moms and Stalked by Men
Technology

A Marketplace of Girl Influencers Managed by Moms and Stalked by Men

The ominous messages began arriving in Elissa’s inbox early last year.“You sell pics of your underage daughter to pedophiles,” read one. “You’re such a naughty sick mom, you’re just as sick as us pedophiles,” read another. “I will make your life hell for you and your daughter.”Elissa has been running her daughter’s Instagram account since 2020, when the girl was 11 and too young to have her own. Photos show a bright, bubbly girl modeling evening dresses, high-end workout gear and dance leotards. She has more than 100,000 followers, some so enthusiastic about her posts that they pay $9.99 a month for more photos.Over the years, Elissa has fielded all kinds of criticism and knows full well that some people think she is exploiting her daughter. She has even gotten used to receiving creepy mes...
Nvidia Earnings Show Soaring Profit and Revenue Amid AI Boom
Technology

Nvidia Earnings Show Soaring Profit and Revenue Amid AI Boom

Nvidia, the kingpin of chips powering artificial intelligence, on Wednesday released quarterly financial results that reinforced how the company has become one of the biggest winners of the artificial intelligence boom, and it said demand for its products would fuel continued sales growth.The Silicon Valley chip maker has been on an extraordinary rise over the past 18 months, driven by demand for its specialized and costly semiconductors, which are used for training popular A.I. services like OpenAI’s ChatGPT chatbot. Nvidia has become known as one of the “Magnificent Seven” tech stocks, which, including others like Amazon, Apple and Microsoft, have helped power the stock market.Nvidia’s valuation has surged more than 40 percent to $1.7 trillion since the start of the year, turning it into...
Inside the Funding Frenzy at Anthropic, One of A.I.’s Hottest Start-Ups
Technology

Inside the Funding Frenzy at Anthropic, One of A.I.’s Hottest Start-Ups

Last May, Anthropic, one of the world’s hottest artificial intelligence start-ups, raised $450 million from investors including Google and Salesforce. It was the beginning of an astonishing funding spree.By August, Anthropic had landed $100 million from two Asian telecoms. Then Amazon committed $4 billion to it, followed by $2 billion more from Google.This month, the venture capital firm Menlo Ventures closed a deal to invest $750 million in Anthropic.All told, the A.I. start-up hauled in $7.3 billion in a year. Its five funding deals stood out not just for their speed and size, but for their unusual structures.In one of those deals, Anthropic agreed to use technology such as chips and cloud computing services from the companies that invested in it. That meant, in effect, that some of the ...
‘Most Wanted’ Man Pleads Guilty in Cyberattack That Upended Vermont Hospital
Technology

‘Most Wanted’ Man Pleads Guilty in Cyberattack That Upended Vermont Hospital

A Ukrainian man pleaded guilty in federal court on Thursday to his leadership role in two cyberattack schemes that caused tens of millions of dollars in losses and temporarily crippled a Vermont hospital in 2020, according to the Justice Department.Prosecutors said that Vyacheslav Igorevich Penchukov, 37, was a leader for an organization that in May 2009 began to infect thousands of computers at corporations with malicious software, and that he helped lead a separate malware scheme that began around November 2018.Mr. Penchukov, of Donetsk, pleaded guilty in the U.S. District Court in Nebraska to one count of conspiracy to commit an offense that violated the Racketeer Influenced and Corrupt Organizations Act and one count of conspiracy to commit wire fraud. He was arrested in Switzerland in...
The Antitrust Enforcers Aimed at Big Tech. Then Came the Backlash.
Technology

The Antitrust Enforcers Aimed at Big Tech. Then Came the Backlash.

The South Korean government unleashed a wave of panic across the internet industry: The country’s antitrust regulator said it would enact the toughest competition law outside Europe, curbing the influence of major technology companies.The Korea Fair Trade Commission, with the backing of President Yoon Suk Yeol, said in December that it planned to make a proposal modeled after the 2022 Digital Markets Act, the European Union’s landmark law to rein in American tech giants. This bill also seemed to target South Korea’s own internet conglomerates just as much as the Alphabets, Apples and Metas of the world.The commission said the law would designate certain companies as dominant platforms and limit their ability to use strongholds in one online business to expand into new areas.Then last week,...