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YOU WONT BELIEVE: 19 - You Need To See This

CoreWeave Stock Stuck in a Bear Market as Short Interest Rises Ahead of Earnings

CoreWeave (NASDAQ:CRWV), an Nvidia (NASDAQ:NVDA)-backed company, remains in a bear market after falling 52% from its all-time high. The stock ended the week at $90.60, well above its July low, as investor focus now shifts to the company’s second-quarter earnings report.

Benzinga

OpenAI to pause some work on AI model Astra due to security concerns

Agent found to be able to find and exploit vulnerabilities without human intervention, and to carry out cyber-attacks

The Guardian - US

'AI success will be defined not by how much infrastructure organizations own, but by how productively they use it': Nvidia lays out its thoughts on how storage has become the next frontier of AI

Nvidia just open sourced the interface GPUs use to reach storage and got Intel to help maintain software designed to take its own silicon out of the I/O path.

TechRadar

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So, it seems Disney music is our only protection against Meta's pervert glasses

Desperate times, indeed.

Creative Bloq

MeitY asks Meta to revamp algorithms, curb deepfakes and illegal content on platforms: Government sources

India's MeitY has urged Meta to revise its algorithms and provide a compliance roadmap. The government seeks stronger detection and removal of harmful and manipulated content. Meta's technical team met with MeitY officials to discuss existing content moderation systems. The company acknowledged system gaps and outlined potential technical measures for…

The Economic Times

MarketBeat Week in Review – 08/03 - 08/07

A weekly roundup of MarketBeat analysis covering earnings from AbbVie, AMD, Palantir, Meta, Reddit, SpaceX and others, plus upcoming CPI and PPI inflation data.

MarketBeat

These sold out 'Normal F****** Sunglasses’ are a huge middle finger to Meta

DuckDuckGo takes a stand against Zuck’s ‘pervert glasses’.

Creative Bloq

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Government examines if Meta recommendation system deciding 'what-to-show-to-whom' fits intermediary status

If a platform determines what content gets shown to users, it amounts to publishing, and platforms would then have to take responsibility for their actions. The issue assumes significance as intermediaries enjoy certain legal protections under the Act, subject to compliance with prescribed conditions.

The Economic Times

India asks Meta to revamp algorithms, submit roadmap to fight deepfakes

MeitY has directed Meta to revamp algorithms and provide a compliance roadmap. Officials also asked Meta to tighten content moderation and act faster on takedown requests. The directive came after Meta admitted gaps in its current systems for harmful content. Discussions focused on algorithmic changes to limit propaganda and manipulated…

The Economic Times

Explainer: How could New Mexico's $567 million ruling change Meta?

The court in Santa Fe ruled on Thursday that Meta must pay $567 million into a New Mexico fund for teen mental health prevention and treatment. Judge Bryan Biedscheid in Santa Fe ordered Meta to implement measures for users in New Mexico intended to protect youth on Facebook and Instagram.…

The Economic Times

Meta paying price for ‘cavalier approach’ to online safety, say UK campaigners

The father of Molly Russell, who took her own life after viewing harmful content, gave evidence in the New Mexico case.

Evening Standard

Mark Zuckerberg Says Buyers Are Offering Meta a 'Significant Premium' for Its Compute — But He Turned Them Down, Calls Selling 'Foolish'

Zuckerberg is underwriting a multiyear compounding story.

Barchart

Meta To Pay Hundreds Of Millions In New Mexico For Harming Kids. More Lawsuits Are Pending

Meta has been ordered to pay an additional $567 million in a legal case where it was found that the company's products hurt the mental health of children and enabled sexual predators.

International Business Times

Lawmakers From Meta's Biggest Market Want Zuckerberg To Apologize After Restricting a Post From Its PM

A parliamentary committee threatened to recommend stripping the company of its safe harbor protections unless Chief Executive Mark Zuckerberg apologizes over the temporary restriction of a Facebook post by Prime Minister Narendra Modi.

International Business Times

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International Business Times UK

Judge Fines Meta $567M Over AI Sex Simulations Involving Children in Damning Public Nuisance Ruling

A New Mexico judge fines Meta $567 million, rules Facebook and Instagram created a public nuisance, and orders sweeping AI and child safety reforms after a landmark court decision.

Benzinga

Microsoft, Amazon, Meta, Google Are 'Collectively Overinvesting' In AI: 'That's Betting, Not Investing,' Says 'Dean of Valuation'

Aswath Damodaran, the NYU Stern professor known as the “Dean of Valuation,” says Big Tech is “collectively overinvesting” in artificial intelligence, driven as much by fear of being left behind as by any clear path to profit.

The Economic Times

‘I gave up on having kids while I’m at Meta’: Employee says layoff fears derailed family plans, internet erupts

An anonymous Meta employee has gone viral after revealing that fears of future layoffs have made her postpone having children. In a candid post on Blind, she said the lack of job security, shifting company priorities and uncertainty about returning from maternity leave have left her unwilling to start a…

TechRadar

New Mexico judge calls Meta a 'public nuisance' that's like a factory emitting 'noxious pollution' in record $567 million fine — and even Meta's own attorneys agree

In the second phase of the landmark New Mexico case, the judge says Facebook and Instagram are major polluters.

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Barchart

Broadcom Will Survive the AI Bubble, But Everyone Else Won't. Here's Why.

Broadcom may look like another AI chip stock, but its long-term custom-chip contracts give it a level of demand visibility that many rivals lack.

The Guardian - AU

This man was secretly snapped by someone with smartglasses. He’s not alone in calling that a violation of privacy

The backlash to what some dub ‘pervert glasses’ is growing – but people living with disabilities point out the new tech can also be life-changing

The Times of India

US judge compares Meta to 'public nuisance,' orders $567m payout over child harm

Meta has been ordered to pay another $567 million by a US judge over allegations that its social media platforms exposed children to harmful content and failed to adequately protect young users.

The Economic Times

Govt-Meta meeting enters technical round on day 3; company lists ways to curb deepfakes, CSAM

After two days of meetings that saw IT Minister Ashwini Vaishnaw questioning Meta's team - led by global affairs head Joel Kaplan - on the content recommendation algorithms and the social media giant's compliance with local laws, day three of discussions was technical.

Reason

Amicus Brief in Lawsuit Against Meta Over Buffalo Supermarket Shooting and Allegedly Addictive Design

From Jane Bambauer's and my brief in Patterson v. Meta Platforms, Inc., pending now before New York's highest court (for… The post Amicus Brief in Lawsuit Against Meta Over Buffalo Supermarket Shooting and Allegedly Addictive Design appeared first on Reason.com.

The Guardian - US

The White House’s plan to vet potentially dangerous AI is cloaked in secrecy

A Trump administration framework on AI testing leaves a lack of transparency – and plenty of open questions

The Guardian - UK

First Thing: Soaring oil profits from US-Iran conflict drive calls for windfall tax

Environmentalists and activists furious as Trump’s policies raise costs for Americans

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People

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