Axios

Trump Media & Technology Group, the parent company of Truth Social, on Tuesday reported just $1 million in third quarter revenue and a $19 million net loss.

The big picture: Trump's presidential campaign didn't boost ad sales, as revenue was actually down a bit from the same period in 2023.

Shares of former President Trump's social media company rose sharply Tuesday morning and then plunged suddenly in the afternoon in a volatile session as investors awaited election results.

Why it matters: Trump Media & Technology Group, which owns Truth Social, has become something of a proxy for investors to bet on Trump himself.

With polls closing Tuesday evening, officials are warning that foreign adversaries will likely spread false stories about election hacks to undermine trust in the voting process.

Why it matters: Sharing lies that an election was hacked is a lot easier than hacking a voting machine.

The FBI on Tuesday warned that videos promoting false election narratives featuring the agency's name and insignia were circulating online as voters cast ballots across the country.

Why it matters: Election disinformation could influence the results in the razor-thin presidential race and sow distrust in the electoral process and the election's outcome.

Leading AI companies such as OpenAI, Google and Meta rely more on content from premium publishers to train their large language models (LLMs) than they publicly admit, according to new research from executives at Ziff Davis, one of the largest publicly-traded digital media companies.

Why it matters: Publishers believe that the more they can show that their high-end content has contributed to training LLMs, the more leverage they will have in seeking copyright protection and compensation for their material in the AI era.

As Facebook's parent company has aggressively injected Meta AI into its products, it has fueled its systems with a bounty of customer data.

Why it matters: Meta knows a ton about you and billions of other people. It's counting on that knowledge to build AI that's both powerful and relevant — and it's also limiting customers' ability to say "no" to this use of their information.

Lies and propaganda about presidential candidates' stances, voting system security and the integrity of American democracy are multiplying ahead of Election Day.

Why it matters: Russia, China and Iran are peddling fake videos at a rate never seen before — and they're racking up likes and engagement on social media platforms.

Joe Rogan endorsed former President Trump for president on Monday evening.

Why it matters: The podcaster's endorsement of the GOP presidential nominee on the eve of Election Day could be a major boost for Trump as "The Joe Rogan Experience" is particularly popular among young men — a key voter demographic for the Republican.

Elon Musk's attorney argued in a Philadelphia courtroom Monday that the tech mogul's $1 million-a-day sweepstakes winners are not chosen at random but instead are earning payment for acting as a spokesperson, multiple outlets reported.

Why it matters: Musk, one of former President Trump's biggest backers, found himself in hot — but murky — legal waters over the attention-grabbing giveaway after Philadelphia District Attorney Larry Krasner (D) filed a lawsuit over the contest. But Judge Angelo Foglietta reportedly denied the request.

Meta will extend its ban on new election ads for the week leading up to the election until several days after the polls close, Axios has learned. The tech giant informed advertising partners about the shift on Monday.

Why it matters: The ban on new political ads was initially supposed to expire at 11:59 p.m. PT on Election Day, but Meta is extending the ban to prevent any confusion or misinformation from spreading while votes are still likely being counted.

Election experts are warning bad actors may use artificial intelligence to deter Latinos from voting on Tuesday. 

Why it matters: This election, in which the Latino vote could be decisive in several swing states, is the first in which AI tools have been readily available to many people. 

A top cybersecurity official said Monday that her office has not seen any election security threats that could "materially impact" the outcome of the presidential election.

Why it matters: Campaign hacks, website takedowns and foreign disinformation have undermined Americans' trust in the security of their vote leading up to Election Day.

Energy regulators are trying to determine how to respond to the recent wave of deals between nuclear plants and data centers that some worry could threaten grid reliability and raise utility bills.

Why it matters: Tech companies are seeking direct tie-ups and power purchase agreements with nuclear plants as they clamor for zero-carbon, round-the-clock power supplies to feed their facilities.

Nvidia is among the few companies worth $1 trillion or more. Now the AI chipmaker joins another exclusive club: one of 30 blue-chip stocks in the Dow Jones Industrial Average.

Why it matters: This week Nvidia replaces Intel in the Dow, a sign of how much generative AI now dominates the tech sector.

Health systems are under increasing pressure to embrace new artificial intelligence tools without a formal system for evaluating how well they work.

Why it matters: Even AI developers can struggle to explain why a model makes a particular prediction or recommendation.

Most AI builders don't say where they are getting the data they use to train their bots and models — but legally they're required to say what they are doing with their customers' data.

The big picture: These data-use disclosures open a window onto the otherwise opaque world of Big Tech's AI brain-food fight.

Georgia's Republican officials spoke out against voter mis- and disinformation ahead of Tuesday's election during a "60 Minutes" program that aired on CBS Sunday evening.

Why it matters: Former President Trump has made baseless claims of cheating and election fraud this year, as he did during the 2020 and 2016 election campaigns. Georgia official Gabriel Sterling said he told doubters, "Voter suppression's fake. Voter fraud is fake. It's used to raise money and get you angry."