Meta’s Sandhya Devanathan to join OpenAI; IT stocks rally
Meta’s India and South East Asia head Sandhya Devanathan is departing after 10 years to join OpenAI. This and more in today’s ETtech Top 5.
Meta’s India and South East Asia head Sandhya Devanathan is departing after 10 years to join OpenAI. This and more in today’s ETtech Top 5.
Devanathan joined Meta in 2016 when the company's Singapore office had roughly 300 employees. Over her tenure, she worked across the ecommerce and gaming sectors in APAC, leading teams across India and Southeast Asia.
Companies often set up federal political action committees, called PACs, to donate to political candidates who are aligned with their corporation's policy goals. Nvidia joins other tech companies, including Meta Platforms and Alphabet's Google, in creating a committee to spend money to influence elections.
In a letter to the European Commission that tests conducted by CERT Polska, the national cybersecurity incident response team, found 122 advertisements that were classified as fraudulent.
The Korea Media and Communications Commission (KMCC) said in a statement to Reuters that social media providers needed to take greater responsibility to protect minors and noted that seven bills aimed at strengthening youth protection on social networking platforms were pending in South Korea's parliament.
Meta's up to $18 billion settlement with nearly 50 US states over social media harm to teenagers has opened a new front in a global government fight to protect children and curb addiction to platforms such as Facebook and Instagram.
Wednesday's historic settlement between Meta and dozens of US states could be just the start of a wave that will ripple across the social media industry, putting TikTok, YouTube and Snap under pressure to make similar changes to their apps for teens. "I hope that Snapchat, TikTok and YouTube will read the writing on the wall and enter into similar...
The deal was reached during a California federal court trial over claims brought by 29 states, averting one of the highest-profile tests yet of allegations that social media companies harmed young users. Just days before jury selection began on August 12, a federal appeals court declined to halt the trial.
Adam Mosseri, the head of Instagram since 2018, denied any suggestion by U.S. states suing Meta that Instagram stalled by not making the "Take a Break" feature the default setting for teenagers until September 2024, nearly three years after its launch.
The report comes during a federal court trial in California over claims brought by 29 states, in what is one of the highest-profile tests of allegations that social media companies have harmed young users. Just days before jury selection began on August 12, a federal appeals court declined to halt the trial.