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Meta fined $567m in largest child safety ruling against social media giant
Featured Analysis

Meta fined $567m in largest child safety ruling against social media giant

A New Mexico judge ordered the Instagram, Facebook and Whatsapp parent company to pay another $567m for the way it has harmed children.

Latest Dispatches

Money Box nemzetkozi-gazdasag

Money Box

What might the new team at the top of government mean for your money?

BBC News
Professional classes stand in way of tax on the super-rich | Phillip Inman nemzetkozi-gazdasag

Professional classes stand in way of tax on the super-rich | Phillip Inman

If the prime minister wants to make the system fairer he will need to upset the professional classes with a land value tax The professional classes act like a Praetorian Guard for the super-rich. Having acquired some of the trappings of being rich, they defend the privileges of wealth – land, property and pensions. They do this as if they – company managers, lawyers, doctors, judges, senior civil servants, architects and chartered this and thats – were the main beneficiaries. Continue reading…

Business | The Guardian
The AI jobs apocalypse probably isn’t coming anytime soon nemzetkozi-gazdasag

The AI jobs apocalypse probably isn’t coming anytime soon

Artificial intelligence may not deliver on its promise of vast economic opportunity at a price that humanity is willing to pay In March, Anthropic, the cutting-edge artificial intelligence business that gave us the chatbot Claude, published an analysis on the impact of AI on employment, to help us assess the claim that intelligent robots were about to redefine human existence, ending demand for human labor. Last year in May, Anthropic’s co-founder, Dario Amodei, claimed AI could wipe out half of all entry-level jobs in one to five years. Last January, he told us AI would probably become a “general labor substitute for humans”. In June he said we risk “a world where the economic trade-off dial is stuck on the hypergrowth, hyper-inequality setting”. Continue reading…

Business | The Guardian
‘Really inappropriate’: teachers decry plan for humanoid robot in New York high school nemzetkozi-gazdasag

‘Really inappropriate’: teachers decry plan for humanoid robot in New York high school

Robot from company that acquired sex doll maker to be introduced in school with large Native American population A humanoid robot is being introduced as part of a pilot program, along with an AI teaching assistant, at Salamanca high school in Salamanca, New York, located on the Allegany territory of the Seneca nation. Teachers have criticized the program, deeming it “inappropriate” and claiming it dehumanizes the profession with the introduction of human-like robots. Some local Native American residents have also criticized the pilot program, citing its implementation as “culturally tone deaf”. Continue reading…

Business | The Guardian
Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree? nemzetkozi-gazdasag

Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?

Sanae Takaichi’s blueprint to inject £1.7tn and double economic growth leaves many investors fearful International investors are asking where Japan’s prime minister will find the ¥370tn (£1.7tn) of extra cash that she wants to invest in 17 industrial sectors by 2040. Such is the scale of spending by Sanae Takaichi’s coalition government that many in her own party fear she is about to blow up the Japanese economy, triggering a Liz Truss-style economic shock. Continue reading…

Business | The Guardian