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Connor Hughes

1403 Posts
EU Investigates Facebook and Instagram Over Addictive Effects on Children

EU Investigates Facebook and Instagram Over Addictive Effects on Children

European Union regulators on Thursday opened investigations into the American tech giant Meta for the potentially addictive effects Instagram and Facebook have on children, an action with far-reaching implications because it cuts to the core of how the company’s products are designed.Meta’s products may “exploit the weaknesses and inexperience of minors” to create behavioral dependencies that threaten their mental well-being, the European Commission, the executive branch of the 27-member bloc, said in a statement. E.U. regulators could ultimately fine Meta up to 6 percent of its global revenue, which was $135 billion last year, as well as force other product…
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Walmart Earnings Boosted by ‘Upper-Income’ Shoppers

Walmart Earnings Boosted by ‘Upper-Income’ Shoppers

The Numbers: Sales growth in stores and especially online.Walmart said its comparable-store sales in the United States rose 3.8 percent from the quarter a year earlier. Its U.S. e-commerce business jumped 22 percent.Walmart has performed better than retailers dependent on apparel sales, in part because it also sells essential goods like groceries. Consumers, especially those with lower incomes, are looking for places to save after a stretch of high inflation.Transactions were up 3.8 percent, while the average ticket price showed that with each visit people were spending about the same as they did this time last year. Walmart’s quarterly profit,…
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OpenAI’s Chief Scientist, Ilya Sutskever, Is Leaving the Company

OpenAI’s Chief Scientist, Ilya Sutskever, Is Leaving the Company

Ilya Sutskever, the OpenAI co-founder and chief scientist who in November joined three other board members to force out Sam Altman, the company’s high-profile chief executive, before saying he regretted the move, is leaving the San Francisco A.I. company.Dr. Sutskever’s departure, which the company announced in a blog post on Tuesday, closes another chapter in a story that stunned Silicon Valley and that raised questions about whether Mr. Altman and his company were prepared to lead the tech industry into the age of artificial intelligence.After returning to OpenAI just five days after he was ousted, Mr. Altman reasserted his control…
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Justice Dept. Says Boeing Violated 2021 Settlement Over Max Plane

Justice Dept. Says Boeing Violated 2021 Settlement Over Max Plane

The Department of Justice said on Tuesday that Boeing was in violation of a 2021 settlement related to problems with the company’s 737 Max model that led to two deadly plane crashes in 2018 and 2019.In a letter to a federal judge, the department said that Boeing had failed to “design, implement and enforce” an ethics program to prevent and detect violations of U.S. fraud laws in the company’s operations. Creating that program was a condition of Boeing’s settlement, which also carried a $2.5 billion penalty.The determination by the Justice Department opens the door to a potential prosecution of a…
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On Instagram, a Jewelry Ad Draws Solicitations for Sex With a 5-Year-Old

On Instagram, a Jewelry Ad Draws Solicitations for Sex With a 5-Year-Old

When a children’s jewelry maker began advertising on Instagram, she promoted photos of a 5-year-old girl wearing a sparkly charm to users interested in parenting, children, ballet and other topics identified by Meta as appealing mostly to women.But when the merchant got the automated results of her ad campaign from Instagram, the opposite had happened: The ads had gone almost entirely to adult men.Perplexed and concerned, the merchant contacted The New York Times, which in recent years has published multiple articles about the abuse of children on social media platforms. In February, The Times investigated Instagram accounts run by parents…
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U.S. Awards 0 Million to Polar Semiconductor to Expand Chip Facility

U.S. Awards $120 Million to Polar Semiconductor to Expand Chip Facility

Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday, the latest in a string of awards meant to strengthen the U.S. supply of semiconductors.Commerce Department officials said the grant would help Polar upgrade technology and double production capacity at its facility in Bloomington, Minn., within two years. The company produces chips that are critical for cars, defense systems and electrical grids, federal officials said.“We are making taxpayer dollars go as far as possible while crowding in private and state…
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Apple Will Revamp Siri to Catch Up to Its Chatbot Competitors

Apple Will Revamp Siri to Catch Up to Its Chatbot Competitors

Apple’s top software executives decided early last year that Siri, the company’s virtual assistant, needed a brain transplant.The decision came after the executives Craig Federighi and John Giannandrea spent weeks testing OpenAI’s new chatbot, ChatGPT. The product’s use of generative artificial intelligence, which can write poetry, create computer code and answer complex questions, made Siri look antiquated, said two people familiar with the company’s work, who didn’t have permission to speak publicly.Introduced in 2011 as the original virtual assistant in every iPhone, Siri had been limited for years to individual requests and had never been able to follow a conversation.…
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Farewell, Chuck E. Cheese Animatronic Band

Farewell, Chuck E. Cheese Animatronic Band

For decades, Munch’s Make Believe Band at Chuck E. Cheese has performed for countless birthdays, end-of-season Little League parties and other celebrations. There’s been Chuck E. Cheese and Helen Henny on vocals, Mr. Munch on keys, Jasper T. Jowls on guitar, and Pasqually on drums.The band of robot puppets has been a mainstay at the colorful pizzeria-arcade chain where children run amok and play games for prizes in between bites of pizza slices.Their final curtain call is coming soon.By the end of 2024, the animatronic performances — endearing and nostalgia-inducing, if perhaps slightly creepy to their audiences — will be…
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Apple Says Destructive iPad Ad ‘Missed the Mark’

Apple Says Destructive iPad Ad ‘Missed the Mark’

Apple doesn’t make mistakes often and seldom apologizes, but on Thursday, its head of advertising said the company had erred in making a new iPad commercial that showed an industrial compressor flattening tools for art, music and creativity.“Creativity is in our DNA at Apple, and it’s incredibly important to us to design products that empower creatives all over the world,” said Tor Myhren, the company’s vice president of marketing communications, in a statement provided to the publication AdAge. “Our goal is to always celebrate the myriad of ways users express themselves and bring their ideas to life through iPad. We…
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Why Higher Fed Rates Are Not Totally Off the Table

Why Higher Fed Rates Are Not Totally Off the Table

Investors do not expect the Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from recent Fed commentary is that unlikely and inconceivable are not the same thing.After the central bank held rates steady at 5.3 percent last week, the Fed’s chair, Jerome H. Powell, delivered a news conference where what he didn’t say mattered.Asked whether officials might raise interest rates again, he said he thought they probably would not — but he also avoided fully ruling out the possibility. And when asked, twice, whether…
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