Meta’s diplomatic AI, and China’s online comment censorship

China recently published a draft law on its forthcoming social credit system, which will eventually guide how the country builds it. The system is intended to promote trustworthiness in business, education, and almost every other aspect of life. How it will actually achieve this is far from straightforward.  One example of the social credit system’s … Read more

More than 6,000 tech and biotech job cuts roil Bay Area economy

Tech and biotech companies have revealed plans recently for enough job cuts to erase more than 6,000 jobs in the Bay Area, cutbacks that could weigh on the region’s economy in the weeks and months to come. Job cuts affecting thousands of workers in the Bay Area have been submitted to California labor officials starting … Read more

Meta’s AI demo pulled offline after testers used it to write racist and inaccurate scientific literature – Technology News, Firstpost

FP StaffNov 21, 2022 12:13:47 IST Meta’s AI division recently unveiled a demo of Galactica, a large language model designed by the engineers at Meta that can “store, combine and reason about scientific knowledge.” Users testing Meta’s Galactica were able to generate false, inaccurate and racist scientific literature using basic prompts. Image Credit: AFP The … Read more

Meta appoints Sandhya Devanathan as India Vice President amid massive layoffs

Mark Zuckerberg-led Meta has appointed Sandhya Devanathan as the Vice President of its India vertical – Meta India. She will take over from January 1, 2023, and will report to Meta APAC Vice President Dan Neary. Devanathan will move back to India and lead the company’s organisation and strategy in the country. She will focus … Read more

Meta launches ‘Instagram explore home’ ads placement feature: report

Meta has announced the ‘Instagram Explore home’ advertising space through the Instagram Marketing API, allowing marketers to run ads, a report has revealed. The platform on October 4, 2022, briefed, “Businesses can now place ads in the survey house, the grid that people see when they first arrive at the survey bar.” Also read: How … Read more

I was fired via email — do I have a right to know why?

What is it with these tech companies firing everyone remotely? I got my pink slip from Meta email with instructions for how to turn in my equipment, badge, collect severance, unemployment, etc., and I haven’t spoken to one human being. My exit interview was via an automated system, too. I don’t even know why I … Read more

Stocks Surged on an Inflation Reading. But the Bear Market Isn’t Over.

Investors finally got the inflation reading they were looking for, and are likely to get a split government for the next two years. That combination propelled stocks to their best weekly showing since June. On Friday, the S&P 500 even briefly crossed the 4,000 threshold, a level it hadn’t breached in two months. The S&P … Read more

Investors may be whistling past the graveyard of a recession with latest rally in stocks

Investors feeling giddy about last week’s sharp rally for stocks might want to give a listen to Tom Waits’ song, “Whistlin’ Past the Graveyard” from 1978, to sober up for the dangers that still lurk ahead. The surge in stocks catapulted the S&P 500 index SPX, +0.92% almost back to the 4,000 mark on Friday, … Read more