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- TikTok in Hot Water Again, The Rise of Superintelligence and a Win for Ethereum
TikTok in Hot Water Again, The Rise of Superintelligence and a Win for Ethereum
Anna Eisenberg
June 19, 2024
Anna's Daybreak News
Thursday, 5:12 AM
June 20, 2024
Good morning news friend! Stay ahead with the latest updates, following the swiftly changing currents of today’s news. 📰🌟
TikTok in Hot Water Again
The Federal Trade Commission (FTC) has referred a complaint against TikTok to the Department of Justice (DOJ).
The issue centers around violations of the Children's Online Privacy Protection Act (COPPA). The FTC believes TikTok is illegally collecting children's data without parental consent.
In 2019, TikTok paid a $5.7 million fine for similar allegations. However, new findings suggest ongoing violations.
The DOJ now has 45 days to decide whether to pursue legal action against TikTok. This woe adds to a possible ban if TikTok's Chinese owners (ByteDance) don't divest their US assets by January 19,2025.
Source: Read More
The Federal Trade Commission (FTC) has referred a complaint against TikTok to the Department of Justice (DOJ).
The issue centers around violations of the Children's Online Privacy Protection Act (COPPA). The FTC believes TikTok is illegally collecting children's data without parental consent.
In 2019, TikTok paid a $5.7 million fine for similar allegations. However, new findings suggest ongoing violations.
The DOJ now has 45 days to decide whether to pursue legal action against TikTok. This woe adds to a possible ban if TikTok's Chinese owners (ByteDance) don't divest their US assets by January 19,2025.
Source: Read More
SEC Drops Ethereum 2.0 Investigation
The U.S. Securities and Exchange Commission (SEC) ended its investigation into Ethereum 2.0.
Blockchain firm Consensys had been battling the SEC since April, seeking to stop the investigation. Founder Joseph Lubin called the decision a "significant victory" for Ethereum.
The SEC's approval of ether ETFs last month hinted that ether might be seen as a commodity, not a security. This was a central point to the investigation.
Despite this win, Consensys will continue its lawsuit. The firm wants to ensure the SEC cannot regulate Ethereum or its user interfaces.
Source: Read More
The U.S. Securities and Exchange Commission (SEC) ended its investigation into Ethereum 2.0.
Blockchain firm Consensys had been battling the SEC since April, seeking to stop the investigation. Founder Joseph Lubin called the decision a "significant victory" for Ethereum.
The SEC's approval of ether ETFs last month hinted that ether might be seen as a commodity, not a security. This was a central point to the investigation.
Despite this win, Consensys will continue its lawsuit. The firm wants to ensure the SEC cannot regulate Ethereum or its user interfaces.
Source: Read More
Do you think the US will be able to avoid a recession? |
Forget AI, Superintelligence is the New Game
Ilya Sutskever, co-founder of OpenAI and former chief scientist, launched Safe Superintelligence Inc. Focused on building superintelligent AI without releasing other products.
Safe Superintelligence is based in Palo Alto and Tel Aviv. Daniel Gross, formerly of Apple, and Daniel Levy, previously with OpenAI, join as cofounders.
The company will prioritize research over commercial pressures. Their approach aims to avoid the competitive distractions faced by OpenAI, Google and Anthropic.
Source: Read More
Ilya Sutskever, co-founder of OpenAI and former chief scientist, launched Safe Superintelligence Inc. Focused on building superintelligent AI without releasing other products.
Safe Superintelligence is based in Palo Alto and Tel Aviv. Daniel Gross, formerly of Apple, and Daniel Levy, previously with OpenAI, join as cofounders.
The company will prioritize research over commercial pressures. Their approach aims to avoid the competitive distractions faced by OpenAI, Google and Anthropic.
Source: Read More
Ferrari’s $500k EV
Ferrari will launch its first electric vehicle (EV), priced at $500,000. This price excludes additional features and customization, which can add 15-20% more.
The new EV’s price surpasses Ferrari’s average sale price of around $350,000, even higher than Porsche’s EV, the Taycan.
This EV will be produced in a new factory in Maranello, Italy.The plant will enhance Ferrari’s production capacity, enabling up to 20,000 cars a year.
Last year, Ferrari sold 13,663 cars, with models commanding waiting lists exceeding two years.
Source: Read More
Ferrari will launch its first electric vehicle (EV), priced at $500,000. This price excludes additional features and customization, which can add 15-20% more.
The new EV’s price surpasses Ferrari’s average sale price of around $350,000, even higher than Porsche’s EV, the Taycan.
This EV will be produced in a new factory in Maranello, Italy.The plant will enhance Ferrari’s production capacity, enabling up to 20,000 cars a year.
Last year, Ferrari sold 13,663 cars, with models commanding waiting lists exceeding two years.
Source: Read More
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |