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Përditësimi: 1 ditë 4 orë më parë

UK Internet Watchdog Increasingly Led by Ex-Big Tech Executives

Mër, 30/11/2022 - 10:20md
UK's Ofcom hired former Google executive Gill Whitehead to head up a team regulating search engines and social media firms, the latest in a string of Silicon Valley appointments as the watchdog prepares to impose sweeping new online safety laws. From a report: Whitehead, formerly Google's senior director of client solutions and analytics, will work alongside Ofcom Chief Technology Officer Sachin Jogia and online safety lead Jessica Zucker. Jogia and Zucker were was previously executives at Amazon.com and Meta Platforms respectively. Ofcom's top hires over the past 18 months underscore a pivot in its role from an auditor of the airwaves and postal service to one increasingly concerned with the internet and Big Tech.

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Telegram Shares Users Data in Copyright Violation Lawsuit

Mër, 30/11/2022 - 9:41md
Telegram has disclosed names of administrators, their phone numbers and IP addresses of channels accused of copyright infringement in compliance with a court order in India in a remarkable illustration of the data the instant messaging platform stores on its users and can be made to disclose by authorities. From a report: The app operator was forced by a Delhi High Court order to shared the data after a teacher sued the firm for not doing enough to prevent unauthorised distribution of her course material on the platform. Neetu Singh, the plaintiff teacher, said a number of Telegram channels were re-selling her study materials without permission at discounted prices. An Indian court earlier had ordered Telegram to adhere to the Indian law and disclose details about those operating such channels. Telegram unsuccessfully argued that disclosing user information would violate the privacy policy and the laws of Singapore, where it has located its physical servers for storing users data. In response, the Indian court said the copyright owners couldn't be left "completely remediless against the actual infringers" because Telegram has chosen to locate its servers outside the country. In an order last week, Justice Prathiba Singh said Telegram had complied with the earlier order and shared the data.

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Mark Zuckerberg Still 'Long-Term Optimistic' on Metaverse, Says Skepticism Doesn't Bother Him Too Much

Mër, 30/11/2022 - 8:55md
Meta founder and chief executive Mark Zuckerberg said he was still optimistic about the metaverse on a longer, "five-to-ten-year horizon" at the New York Times Dealbook Summit in New York City on Wednesday. From a report: "The way we communicate gets richer and more immersive," Zuckerberg said via a virtual interview, doubling down on his company's bet on a virtual and augmented reality-dominated future. The company has come under criticism for generating billions of dollars of losses as it builds out its version of the metaverse. However, Zuckerberg admitted that Meta would need to operate with "more efficiency and discipline" in the near term as macroeconomic woes have forced the company to scale back on spending. [...] The billionaire CEO said he's unfazed by critics of his company's bet on the metaverse, saying a lack of pushback typically means an idea is not ambitious enough. "Skepticism doesn't bother me too much," Zuckerberg said. "We've had doubters the whole time."

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Autonomous Trucking Software Upstart Embark Has Quietly Gone From $5B+ To Basically Worthless

Mër, 30/11/2022 - 8:20md
Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market performer. From a report: The San Francisco-headquartered company, which develops autonomous driving technology for the trucking industry, has presided over a roughly 98% share price decline since going public a year ago. In the process, it's wiped out close to $5 billion in market capitalization. Today, Embark and a few others that carried out SPAC mergers are in that weird category of companies trading below the value of cash reserves. In Embark's case, the company's recent market capitalization of $110 million is actually quite a bit lower than the $191 million cash it had at the end of Q3. In other words, investors seem to think it's worth less than nothing. What happened? What's noteworthy in Embark's case, as opposed to some other venture-backed companies that crashed so mightily, is there's no high-profile scandal. There was also no giant earnings miss, as it's a pre-revenue company. Rather, a mix of factors seem to have contributed to its fall, including apparent initial overvaluation, a sectorwide downturn and a critical report from a prolific short-seller. Collectively, those factors have contributed to erasing billions in valuation from a company that once secured backing from the most famous names in venture.

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Remittances Grow 5% in 2022, Despite Global Headwinds

Mër, 30/11/2022 - 7:40md
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief. World Bank: Remittances are a vital source of household income for LMICs. They alleviate poverty, improve nutritional outcomes, and are associated with increased birth weight and higher school enrollment rates for children in disadvantaged households. Studies show that remittances help recipient households to build resilience, for example through financing better housing and to cope with the losses in the aftermath of disasters. Remittance flows to developing regions were shaped by several factors in 2022. A reopening of host economies as the COVID-19 pandemic receded supported migrants' employment and their ability to continue helping their families back home. Rising prices, on the other hand, adversely affected migrants' real incomes. Also influencing the value of remittances is the appreciation of the ruble, which translated into higher value, in U.S. dollar terms, of outward remittances from Russia to Central Asia. In the case of Europe, a weaker euro had the opposite effect of reducing the U.S. dollar valuation of remittance flows to North Africa and elsewhere. In countries that experienced scarcity of foreign exchange and multiple exchange rates, officially recorded remittance flows declined as flows shifted to alternative channels offering better rates.

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