November 8, 20240 Comments

In Elon Musk’s “election integrity” community on X, false claims proliferate

Elon Musk’s political action committee has created a group on his platform X that has become a repository for election misinformation, galvanizing more than 58,000 members to report instances of “voter fraud or irregularities” that are often unsubstantiated, misleading or flat-out fabricated. The “Election Integrity Community,” which launched in late October, has hundreds of new posts each day, many of which contain misleading or false claims, CBS News found. Misinformation

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November 8, 20240 Comments

Trump likely to uphold CHIPS Act despite his campaign rhetoric, policy experts say

A Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, U.S., on Dec. 6, 2022. Caitlin O’Hara | Bloomberg | Getty Images President-elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.  The legislation, which provides incentives for chipmakers to set up manufacturing in the U.S., became a point of contention in the final month

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November 7, 20240 Comments

Australia plans “world-leading” social media ban for children under 16

Australian Prime Minister Anthony Albanese announced Thursday what he called a “world-leading” plan to implement a social media ban for all children under the age of 16. While much of the detail of the proposed legislation has yet to be made clear, the Australian leader said at a news conference that the bill involves an age verification process where “the onus will be on social media platforms to demonstrate they

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November 7, 20240 Comments

AppLovin, top tech stock of 2024, soars another 45% on earnings beat

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue. The stock jumped past $245 in early afternoon trading. It’s now up 515% this year, far outpacing all other tech companies valued at $5 billion or more, according to FactSet data. The rally has lifted AppLovin’s market cap

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November 7, 20240 Comments

Blockstream Opens R&D Center in Lugano, Switzerland

Blockstream, the development firm led by early Bitcoin developer Adam Back, has opened an R&D hub in Lugano, Switzerland, “to foster fintech innovation on Bitcoin’s Liquid and Lightning networks,” according to the team: “The new center aims to significantly increase innovation on layer 2’s by collaborating with local startups and partners, providing resources, mentorship, as well as grants to standout projects. The initiative builds on successful events co-hosted by Blockstream

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