Crypto exchange Gate.io rejected rumors about its health that caused a related token to sink, saying its “operations

LONDON--(BUSINESS WIRE)--Aug 31, 2023--

A growing number of media outlets are blocking a webpage-scanning tool used by ChatGPT creator OpenAI to improve...

A white man driven by racial hatred shot dead three Black people in a Florida discount store Saturday before taking his own life after a...

A handful of funds are now run by artificial intelligence instead of human managers. But they aren’t likely to pose much of a threat to index funds or active managers anytime soon.

By Manya Saini and Jaiveer Shekhawat (Reuters) -SoftBank-owned chip designer Arm on Monday disclosed a modest 1% fall in annual

Thomson Reuters Corporation said on Monday it had agreed to acquire Casetext, a California-based company that provides technology

From fuelling genocide in Myanmar, kowtowing to authoritarian regimes and causing an epidemic of depression among teenagers, Noam Bardin has watched aghast as the platforms that promised to bring people closer together tore at the connective tissue of society. “Social media has become the worst of us”, the serial tech entrepreneur tells The Independent in an interview. “That’s by design. It’s not a bug, it’s a feature.” So he decided to build his own, Post, with a vision to reinvent the relationship between social media, its users and news publishers. Post launched in the App Store on 15 June, one of a number of start-ups vying to usurp Twitter as it lurches through a series of crises. Post’s soft launch When Twitter imploded last October during Elon Musk’s tortuous $44bn takeover, a flood of high-profile users announced they were ditching the site. Mr Bardin spotted an opportunity, and decided to rush Post into beta testing. He soon had more than 350,000 people on a waiting list, and initially allowed around 65,000 users onto the site. Mr Bardin said the decision to launch and capitalise on the chaos at Twitter may have been premature, but it allowed him to iron out flaws and convince news outlets that the app’s profit-sharing model could work. “Once we came out, suddenly, publishers were willing to come on board.” Mr Musk’s ownership has been plagued by a series of erratic decisions, including firing content moderators, promoting conspiracy theorists, declaring war on what he calls the “woke mind virus”, and using it as a tool to boost his own profile. The billionaire may not have been the cause of all of Twitter’s woes, but he certainly hasn’t helped, says Mr Bardin. “Twitter was a sick company before. It didn’t have a good business model. It couldn’t afford what it was doing. It didn’t provide value for the creators, and the toxicity was off the charts, right? “All these are kind of assuming that Twitter was an amazing, healthy company before Elon Musk came? Elon Musk obviously did his bit to destroy it.” Mr Musk’s belief that he could run a social media company was typical of the attitude among Silicon Valley venture capitalists, he said. “Silicon Valley is full of really, really smart people who have accomplished tremendous things. And because of that, they assume they can do anything and accomplish anything,” Mr Bardin said. “They like to talk about diversity, and they have diversity of people in terms of their backgrounds, skin colour and race, but everyone has exactly the same engineering MBA from Stanford or somewhere else.” Mr Bardin says he didn’t believe Twitter would ever disappear entirely, but that its profits and trustworthiness will continue to crater as users grow tired of Mr Musk’s antics. Post will inevitably draw comparisons to Twitter, but Mr Bardin sees it more like TikTok, a disruptor that exists alongside and improves an existing idea. ‘Ultimate product person’ Mr Bardin, 52, became a billionaire overnight when he sold his crowdsourced navigation app Waze to Google in 2013, After seven years as a vice president of product at Google, Mr Bardin quit suddenly in 2021. In a blistering farewell post, he wrote that the company mollycoddled its “entitled” employees who were more concerned with personal fulfillment and their 11am yoga classes than the products they worked on. Post was initially entirely self-funded by Mr Bardin. When he unveiled the app in November, he announced that Silicon Valley venture capitalists Andreessen Horowitz, which manages $35bn in assets, had come on board. Post’s only other investor is Scott Galloway, the author, podcast host and professor of marketing at New York University, who has said he invested “substantial personal capital” in the project. The partnership came about after the pair hit it off when Professor Galloway had the entrepreneur as a guest on his podcast. Professor Galloway, an outspoken critic of tech titans including Mr Musk, told The Independent in an email that he was convinced to invest in Post after hearing Mr Bardin’s vision to reimagine social media as a force for good. “From the outset, Post has been committed to healthier online conversation,” Professor Galloway said. “Elon’s mission, as evidenced by his relentless s***posting and public disdain for our elected leaders, appears to be the opposite.” Professor Galloway described his partner as “the ultimate product person”, a necessity going up against behemoths that invest billions in “keeping eyeballs glued to the screen”. “However, there’s another side to running a business in social, which Noam understands deeply — and that’s mission. “Specifically, what value are you providing to enhance societal discourse such that we can engage in truthful and respectful debate? Most social media companies are sorely lacking in this area, because the ad-based model forces their algorithms to value clicks and engagement over good-faith contributions to public discourse.” Professor Galloway said Mr Bardin was a “rare innovator who hasn’t made the mistake of believing his own press”. “He puts the product and the consumer before his own vanity, and that’s rare in tech these days. We need more leaders like that.” Mr Galloway’s Pivot podcast co-host Kara Swisher is also an adviser on the start-up, helping Mr Bardin connect with publishers. It’s the first time that Ms Swisher, a powerful figure in tech journalism for decades, agreed to help out an entrepreneur, such is her belief in the product. How Post works Post allows users to toggle between three feeds: following, explore and news. Users can follow individuals and topics they are interested in, create their own posts, like and repost other content. When users click on an article, it displays within their feed, rather than taking them through to a news site. For that, users are charged a micropayment of a few cents from their digital wallet, which goes directly to the publisher. More than 30 news organisations, including The Independent, The New Yorker, The Boston Globe, San Francisco Chronicle, Reuters and ProPublica, have already signed on as publishing partners. Mr Bardin explains that Post is pioneering a new business model that allows users to find and pay for reliable news. Since the dawn of the internet, media companies have missed “every opportunity” to carve out a slice of profits for themselves, he says. “They’ve been screwed by every tech platform.” He believes that the central idea to fixing social media is rebooting the relationship with news publishers. On Post, publishers can set the price of their content — usually a few cents per article. “We hope that we’ll have the critical mass on our platform that will give that breaking news from everywhere,” Mr Bardin says. “But we think that includes premium publishing, and newsletter writers and experts and creators. There’s a whole slew of new entities who are creating newsworthy content and want to be able to host it all.” A network of journalists, influencers and newsletter publishers including Dan Rather, George Takei and Robert Reich were early adopters of the platform. While keen to reimagine what social media can look like, Mr Bardin says his larger goal is to create a better informed society through promoting reliable information. He sees the rise of authoritarianism in his home country of Israel, Hungary, Poland and the United States as an existential threat similar to the climate crisis. “Americans like to think that Trump is a unique phenomenon. He’s not, he’s part of this wide agenda of authoritarians. And authoritarian regimes have never delivered the goods over time,” he says. “Putting aside global warming, which is the hardware problem, to me authoritarianism is the software problem.” Professor Galloway agreed that the social media giants had failed in their obligations not to “mess up” democracy. “In many cases, they intentionally look the other way and play dumb such that they don’t have to do the hard work of actually dealing with these issues.” Mr Bardin tells The Independent that he would never have caved to Turkish president Recep Tayyip ErdoÄŸan’s request to censor opposition parties ahead of recent elections. He expects to “have a problem” in India, where the party of prime minister Narendra Modi has made similar requests targeting political opponents, and accepts that Post will likely never be able to operate in China or Russia. “I find it very disheartening when I see so many American companies basically getting on their knees and removing any kind of moral in Western liberal value to try and operate in these countries. You have to be able to stand for something and if it means you lose a market, you lose a market. “Part of the problem is, the Second World War was a long time ago. So we forgot what the world used to be like. And so we’re allowing ourselves now to go down these paths that we know are terrible. “There are a million reasons for this, not just social media, but social media is one of them and it’s the place where I think I can make an impact,” he said. “I’m 52, this is my last company, and this is something I want to do for the next few decades. It’s something I think is super important.” Content moderation Mr Bardin sees Post’s content moderation being driven by the community, with good behaviour being rewarded, while trolls will be aggressively suspended and removed. The more you play by the rules, the more reach your content will receive. “And the more we’re gonna trust you on the platform, while being very aggressive on removing and suspending people that are just there to troll others.” He cites the genocide of Rohingya Muslims by the military dictatorship in Myanmar in 2016 and 2017 as a prime example of how big tech has failed. Facebook, the primary source of news in the country, allowed anti-Islamic hate speech to spread unchecked, which a United Nations Independent International Fact-Finding Mission found played a “determining role” in the massacre, rape and displacement of hundreds of thousands of people. “There’s no way that the moderator sitting in a call center in the Philippines will understand the Buddhist verse Muslim animosity in Myanmar. You can’t expect them to ever reach that level of understanding, but everyone in Myanmar understands it,” he said. Building a community to self-police bad behaviour and set its own standards would be key to Post’s success, he added. “We’re the platform for the 85 per cent of people who are not crazy, who want to get their news, get some opinions and say something, but don’t want to be called a fascist or communist.” Read More Elon Musk vs Mark Zuckerberg: Who would win a fight between tech titans? Inside the final days of Twitter 1.0: How Elon Musk razed us to the ground RFK Jr compares Elon Musk to American revolutionaries during conspiracy-driven Twitter event Four people were just locked inside a fake Mars habitat for a year-long study Apple releases urgent update to iPhone and iPad users Twitter hacker who took over Musk, Obama, Biden accounts gets prison sentence

Apple has blamed Instagram and other popular apps for an overheating issue with the iPhone 15. The US tech giant said a software bug tied to the Meta-owned app was among the reasons for users reporting that its latest range of smartphones, unveiled last month, become “too hot to touch” while performing certain tasks. The company is working on an update to its latest iOS 17 operating system, which serves as the software for the iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max. Meta has acknowledged the issue, which some users have dubbed “heatgate”, and modified its Instagram app in an effort to prevent it from heating up the device. Other apps blamed for the problem, including Uber and the video game Asphalt 9, are yet to roll out updates, according to Apple. There is also no timeline for when Apple’s own software fix would be issued but the firm said no safety issues should prevent iPhone 15 owners from using their devices while awaiting the update. “We have identified a few conditions which can cause iPhones to run warmer than expected,” Apple said in a short statement. It’s not unusual for new iPhones to get uncomfortably warm during the first few days of use or when they are being restored with backup information stored in the cloud – issues that Apple already flags for users. The devices also can get hot when using apps such as video games and augmented reality technology that require a lot of processing power, but the heating issues with the iPhone 15 models have gone beyond those typical situations. In its acknowledgement, Apple stressed that the trouble isn’t related to the new titanium casing that houses the high-end iPhone 15 Pro and iPhone 15 Pro Max instead of the stainless steel used on older smartphones. Apple also dismissed speculation that the overheating problem in the new models might be tied to a shift from its proprietary Lightning charging cable to the more widely used USB-C port that allowed it to comply with a mandate issued by European regulators. Although Apple expressed confidence that the overheating issue can be quickly fixed with the upcoming software updates, the problem still could dampen sales of its marquee product at a time when the company has faced three consecutive quarters of year-over-year declines in overall sales. The downturn has affected iPhone sales, which fell by a combined 4 per cent in the nine months covered by Apple’s past three fiscal quarters compared with a year earlier. Apple is trying to boost its sales in part by raising the starting price for its top-of-the-line iPhone 15 Pro Max to $1,200, an increase of $100, or 9 per cent, from last year’s flagship model. In its acknowledgement of the iPhone 15 overheating issue, Apple said the planned software update would not impact the phone’s performance, which analysts had warned is a possibility. Additional reporting from agencies Read More Tim Cook interview: Apple boss talks trillion-dollar transformation and ushering in new era of computing

Apple has held its biggest event of the year, announcing four new iPhones and two new Apple Watches. The livestreamed event saw no mention of Macs, Apple TVs or iPads. But some products were even more rejected than that: being discontinued during the event, or after it. That includes the smaller iPhones, all leather accessories and some products with the Lightning connector that was removed from the new phones. Here’s everything that was discontinued during the event. iPhone Mini In 2020, Apple released a phone that was incredibly exciting to some: a smaller model, at 5.4-inches, which it referred to as the iPhone 12 Mini. A year later came its predecessor, the iPhone 13 Mini. Some people may have liked them a lot – but not enough people did. Last year, Apple didn’t announce a follow-up model in the iPhone 14 range, and instead launched the iPhone 14 Plus. But the iPhone 13 Mini stuck around in the line-up, until the iPhone 15 event. Now it is gone, and it doesn’t look like anything is replacing it. Other iPhones have also been removed from the line-up: the iPhone 14 Pro and Pro Max, and the iPhone 12. They all have direct replacements, however, in the form of the previous year’s model. Lightning accessories Perhaps the biggest news for the new iPhones was the switch away from the Lightning cable, used for more than a decade, and its replacement with USB-C. Apple had initially resisted the switch, but after the European Union forced it to change, it relented and presented it as a selling point during the event. That switch, however, means that some Lightning accessories have been removed. That includes, for instance, the MagSafe charging pack that Apple released with the iPhone 12, presumably because it had a Lightning connector at the bottom. It is unclear whether they will be coming back, with a USB-C port or any other changes. But they are no longer on the store. (Some Lightning accessories are still here, however, for now. The mouse and keyboard that comes with the iMac still plugs in that way, for instance.) And lightning AirPods The AirPods have also been moved to USB-C, and so the old ones have left the market. Apple presented this as a straightforward upgrade during its event – though after the fact it has emerged that the new AirPods are actually new in other ways, with support for lossless audio and better dust protection. The silent switch The switch has been on the side of the phone in some form since the very first iPhone. And now it is gone, at least in the Pro line-up. Instead, Apple has swapped it for the “action button”. That can still be used for muting – and by default it is set that way – but it can be changed to do other actions, too. The switch is still around in the normal, cheaper iPhone 15 and 15 Plus. But given that those tend to get many of the innovations from the previous years’ model, expect it to be removed fully in next year’s iPhones. Leather accessories Apple focused on sustainability a lot during its event. And the star announcement of that focus was the removal of leather from Apple’s line-up. It will make no new accessories out of the material, it said – though some will still be available, they are being phased out. Apple said that was because of their environmental impact, not mentioning ethical concerns. Instead, Apple has launched a range of new Apple Watch straps and iPhone cases in a new material, named FineWoven. It says that it will do the same job but with “significantly lower emissions”. Read More The iPhone has gone all grown-up. Here’s why we should be grateful Why Apple getting rid of lightning cable iPhone charger is a big deal France bans Apple iPhone 12 sales due to ‘too high radiation’ Here’s the brand new Apple Watch Apple to stop using leather in all new products Apple is changing the plug on the bottom of your iPhone

Amazon’s cloud computing unit Amazon Web Services experienced an outage on Tuesday, affecting publishers that suddenly found themselves unable to operate their sites

Bluesky has hit a new milestone as it has passed over one million registered users. The social media platform, created by Twitter co-founder Jack Dorsey, has surged in popularity as an alternative to X after users sought to leave the Elon Musk-owned app. Under Mr Musk, Twitter has been rebranded as X. Bluesky hit the milestone on Tuesday, with Rose Wang, who works on strategy and operations at the platform, sharing a screenshot of the moment it gained over a million users. Bluesky still seems to be in its early stages, taking a careful approach and growing slowly as it caters to its cohort of initial adopters. Choosing this cautious approach, access to the app is extended via a waitlist and through invitations from existing users. The app was first announced by Mr Dorsey when he was still in charge of Twitter, tasking developers to build a “decentralised standard” for social media. “The biggest and long-term goal is to build a durable and open protocol for public conversation. That it not be owned by any one organisation but contributed by as many as possible. And that it is born and evolved on the internet with the same principles,” Mr Dorsey wrote on the app in 2020. Bluesky has seen upticks in requests for signups following Mr Musk’s takeover of X, as the Tesla titan brought about sweeping changes to his platform, including initiating mass layoffs, the removal of blue checkmarks for non-paying users and modifications to content rules. At one point in July, Bluesky had to halt sign-ups due to a huge surge in demand, following Mr Musk imposing limits on the number of tweets people could read on X – a move that was later reversed. Bluesky’s approach to carefully onboard users is also in contrast to Meta’s Threads platform, which has emerged as another one of Twitter’s competitors in recent times. Meta’s decision to cross-promote Threads to existing Instagram users led to the app racking up close to 30 million signups in less than 24 hours, and over 100 million users within the first five days. But even with the recent roll-out of a web app – a much-anticipated feature – Threads’ traffic appears to be on a worrying dip, with its number of daily active users much lower than during its heyday just after it launched. Read More Elon Musk’s Twitter slows down access to rival websites $44 billion and eight months later. It’s finally all over for Elon Musk Musk, Zuckerberg and the bitter battle for the future of social media Volcano discovery could power electric cars for decades, scientists say New invention will lead to ‘battery revolution’, scientists say Putin praises Musk days after report Tesla boss stopped Ukrainian attack