Vlad Tenev, the CEO and co-founder of trading app Robinhood, has a unique relationship with copper cookware.
The big picture: Wealth preservation comes in many forms and can't be taken for granted, as Tenev saw firsthand growing up amid hyperinflation in Bulgaria — an early experience that helped shape how he thinks about Robinhood's mission.
Stanford researchers have discovered over 1,000 child sexual abuse images in an AI dataset used to train popular image generation tools such as Stable Diffusion.
Why it matters: Illegal child sexual abuse material (CSAM) represents an extreme example of the wider problem of AI developers not having or sharing clear records of what material is used to train their models.
Suno, a venture-backed AI music company, has come out of stealth with the aim of helping anyone write and create songs as easily as taking photos on a phone.
Why it matters: The race to build consumer AI audio products and platforms is accelerating.
Here's an early New Year's resolution for anyone who works with, deals with or writes about artificial intelligence: Stop saying "AI did this" or "AI made that."
Why it matters: AI doesn't do or make anything on its own. It's a software tool that people imagined and invented — the only capabilities and goals it has are those that people give it.
Rite Aid will be banned from using AI-powered facial recognition technology for five years under a proposed settlement of Federal Trade Commission charges, the FTC announced Tuesday.
Why it matters: The FTC alleged in a complaint Tuesday that the pharmacy retail chain failed to implement reasonable procedures in hundreds of stores and prevent harm to consumers with what the agency called Rite Aid's "reckless" use of facial recognition technology that it said "disproportionately impacted people of color."
Apple is preparing to pause U.S. sales of its Apple Watch 9 and Ultra 2 as required by a U.S. International Trade Commission ruling in an intellectual property lawsuit from earlier this year.
Why it matters: Apple, through the Apple Watch, is the largest smart-watch seller in the world, with its devices accounting for nearly a third of all purchases across the globe last year, according to tech research firm Counterpoint Research.
The Rhysida ransomware gang has leaked a trove of internal documents stolen from Sony's Insomniac Games, including game roadmaps, character art, budgets and details about the highly anticipated Wolverine game release.
Driving the news: Rhysida dumped 1.67 terabytes of files, or a little more than 1.3 million files on its leak site Tuesday after Insomniac Games refused to pay a $2 million ransom.
Federal law enforcement officials announced Tuesday they had taken down the online infrastructure belonging to the BlackCat ransomware gang and offered victims a decryption key.
Why it matters: The takedown disrupts the operations of what the Justice Department believes is the "second most prolific ransomware-as-a-service variant" circulating around the world right now.
A trade group representing Facebook, TikTok and X is suing Utah for its pending age restrictions on social media access.
Driving the news: In a lawsuit filed Monday, NetChoice, which represents Meta and other social media giants, argued the age verification and parental consent rules passed in March violate the First Amendment rights of children and adults.
Researchers warn generative AI could add $43 billion annually to America's already stark racial wealth gap over the next two decades, with Black workers also facing a higher risk of job loss thanks to automation.
Why it matters: The wealth gap between Black households and white households has widened since 1980 in the U.S., where the median white household now has $285,000 in wealth, compared to $45,000 for the median Black household.
Autonomous trucking developer Torc Robotics is test-driving its prototypes on historic Route 66 in Albuquerque, New Mexico, as it works toward commercial deployment.
Driving the news: Torc says it's on track to use its autonomous trucks for deliveries with no safety driver by 2027, and recently unveiled more detailed plans to get them operating across the American Southwest.
Google said Monday it's expanding billing options in its app store as part of a $700 million settlement in an antitrust lawsuit brought by attorneys general from 36 states and Washington, D.C.
Why it matters: The lawsuit that accused the company of anticompetitive conduct in its Play Store operations was one of several antitrust civil cases the tech giant was facing.
Even Bill Gates stuck to old work habits in 2023 — but in his annual end-of-year letter, he predicts a massive wave of AI innovation beginning in 2024.
Why it matters: "The work that will be done over the next year is setting the stage for a massive technology boom later this decade," Gates writes.
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