Mark Zuckerberg and Elon Musk have reignited their proposed "cage match" face-off, with Musk announcing that it will be live-streamed on his social media platform X. The two tech moguls have yet to confirm a date for the fight, but Musk has stated that proceeds will go to charity for veterans. Viewers will have the chance to watch the fight as it happens, with both Zuckerberg and Musk expressing their readiness.
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The White House has announced an agreement between seven leading AI companies to adhere to industry best practices, known as "voluntary commitments for responsible innovation." The agreement seeks to ensure safety, security and trust for users, as well as transparency about the products and how they are used. This is a major step forward in the regulation of AI technology, and is seen as a sign of the industry's commitment to responsible innovation.
Alexander Mashinsky, the former CEO of Celsius Network, was arrested on Thursday on federal fraud charges. The Federal Trade Commission (FTC) alleged that Mashinsky misled customers about key aspects of the business and illegally manipulated the price of Celsius’s proprietary crypto token. The company agreed to pay a $4.7 billion settlement with government regulators, one of the largest in the FTC’s history, and the settlement highlights repeated deceptions by Celsius and Mashinsky. The indictment against Mashinsky is a sign that the government is taking a hard line against crypto-related fraud.
Relatives of the victims of a mass shooting in Buffalo, New York in 2022 have filed a wrongful death lawsuit against social media companies, weapon manufacturers, and gun retailers. The lawsuit, announced by civil rights attorney Ben Crump, seeks damages for the 10 people killed in the attack, as well as for the survivors and the victims’ families. It is a reminder of the need for increased regulation of online platforms and the need to address the proliferation of hate speech and conspiracy theories.
X Corp., the parent company of Twitter, is threatening legal action against Meta, a Silicon Valley-based social media company, over its new Threads app. Twitter's attorney has accused Meta of using trade secrets and poaching employees to develop the app, which has already gained millions of users. Meta has denied the allegations, and Twitter has yet to comment on the letter. This dispute is the latest example of Silicon Valley companies battling over intellectual property.
Twitter experienced a major meltdown over the weekend due to rate limiting restrictions, which was seized upon by the CEO of Twitter's parent company Meta to take a jab at rival Elon Musk. Musk claimed the restrictions were in response to online bad actors, further highlighting the rivalry between him and Mark Zuckerberg. This incident has the potential to affect the future of Twitter and its rivals.