TikTok and YouTube feel the pressure

The social media companies have avoided officials in the face of pressure on child-safety measures ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Broadcom Inc $367.24 -0.7% Alphabet Inc $337.12 +0.6% Uber Technologies Inc $76.45 +1.6% Market data as of 08:43 PM ET. Data is subject to provider delays. Your watchlist Top Stories Broadcom’s positive outlook: The chipmaker predicted a boom in sales of its artificial intelligence chips over the next two years. Investors appear skeptical. Google antitrust deal: The search giant must make its advertising exchange work with tools operated by rivals as a remedy to its illegal ad tech monopoly, a judge ruled. Google had faced a forced break-up of the lucrative ad unit. Poached from OpenAI: ElevenLabs has hired former OpenAI executive Ashley Kramer as its first chief revenue officer. It’s part of the startup’s efforts to drum up business for its artificial intelligence voice tools. Must Reads NYC Public Schools Ban AI for Students, Restrict Screen Time The largest school district in the US is banning artificial intelligence tools and restricting screen time for elementary and middle school students in the upcoming school year. Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy Uber Technologies Inc. is cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. AI Data Center Spending to Reach $32 Trillion by 2050, PwC Says Global data center spending is set to reach $31.6 trillion through 2050 to meet the world’s growing appetite for AI, an investment boom with no precedent in history, according to PricewaterhouseCoopers LLP. Beyond The Brief Tiktok and YouTube have been conspicuously silent about changes the companies will make to their apps in light of Meta Platforms’ settlement with state attorneys general about greater protections for teenage and child users, Alexandra S. Levine reports in today’s Tech In Depth. The strategy may be backfiring, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Cyber Bulletin A wave of hacks tied to Iran have buffeted more than 100 water utilities across the US, Ryan Gallagher reports in this week’s Cyber Bulletin. Now the US Environmental Protection Agency is offering millions of dollars to help those agencies harden their cybersecurity, he writes. Sign up for the Cyber Bulletin newsletter for exclusive coverage inside the shadow world of hackers and cyber-espionage ‒ and how businesses are playing defense. Before You Go... US Strikes Light-Touch AI Regulation Accord With G20 Members Representatives from the world’s largest economies unanimously agreed to adopt guidelines proposed by the US that call for a lighter touch toward governing artificial intelligence and other emerging technologies, handing a win to the Trump administration and Silicon Valley. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |