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Category: Technology

Technology News | ReportWire publishes the latest breaking U.S. and world news, trending topics and developing stories from around globe.

  • TikTok Class Is in Session

    TikTok Class Is in Session

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    Skyler Chase, 25, grew up watching vlogs and comedy sketches on YouTube. He wasn’t just entertaining himself. He was learning professional skills to run his Los Angeles-based marketing agency and teach social media classes. Last September, he started a course on TikTok, supplementing what had been his only offering, a class about Instagram. The class has taken off because TikTok and its lower barrier to entry have lured people who were intimidated by YouTube, he said.

    “On YouTube, content creation is totally different,” he said. “It really comes down to having the quality of your video. You need to have a nice camera. On TikTok, you just need to use your phone.”

    Mr. Chase’s two-hour-long class, which, according to the platforms, has more than 22,000 students across Skillshare and Udemy, borrows from his “YouTube background” but is meant to be “a little more accessible for the older generation,” he said.

    Classes like Mr. Chase’s have attracted businesses interested in marketing on TikTok and young people who are focused on content creation, said Alicia Hamilton-Morales, senior vice president of content, community and brand at Skillshare.

    “Even though YouTube is so dominant and hugely successful, TikTok has made the desire to understand how to create and optimize video greater in a much broader market,” she said.

    Angalee Schmidt, 25, took Mr. Chase’s class at the beginning of the pandemic to learn how to dream up, then create TikTok videos. Her work in tourism had dried up, so she pared back her traveling and started living full time in Rochester, Minn., and sought a career change to social media marketing.

    “Part of that was figuring out: How can I make money now?” Ms. Schmidt said. Her answer came on TikTok. “I was seeing all of these people make videos and I was like, ‘I can make that myself.’”

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    Kalley Huang

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  • Elon Musk says he will step down as Twitter CEO — once he finds a replacement | CNN Business

    Elon Musk says he will step down as Twitter CEO — once he finds a replacement | CNN Business

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    CNN
     — 

    Twitter owner Elon Musk confirmed Tuesday evening he will step down as the company’s CEO, but only when he identifies a successor, directly addressing for the first time a Twitter poll he created this week in which millions of users voted for his ouster.

    In a tweet, Musk said he would resign “as soon as I find someone foolish enough to take the job!”

    He added that following his resignation as CEO, Musk would “run the software & servers teams” at Twitter, indicating he may continue to exercise significant influence on the company’s decision-making.

    The announcement comes after more than a day of silence about the poll following its outcome. On Monday, after more than 17 million users had voted — 57.5% of whom said Musk should resign — the billionaire executive addressed the results only indirectly. He suggested that future Twitter polls could be restricted to paid users of Twitter Blue, the company’s subscription service.

    Musk’s poll asking users whether he should resign as CEO came after a massive backlash to Twitter’s abrupt suspension of several journalists who cover him, as well as Twitter’s decision to ban, and then un-ban, links to other social media platforms including Facebook, Instagram and Mastodon, a fast-growing Twitter rival that has octupled in size since October.

    Musk’s brief tenure as CEO has resulted in sweeping, occasionally erratic shifts at one of the world’s most influential social media companies.

    Under his leadership, Twitter has laid off the majority of its staff, alienated major advertisers, welcomed former President Donald Trump back to the platform after his suspension in the wake of the Jan. 6 Capitol riots and released internal communications to journalists about Twitter’s operations before Musk took ownership of the company.

    Musk forced remaining employees to take a pledge to become “extremely hardcore” in their work, and stopped enforcing Twitter’s policy against Covid-19 misinformation.

    Over a matter of days, Twitter launched, and then was forced to un-launch, a paid verification feature that was instantly manipulated by satirical accounts impersonating verified major brands, athletes and other public figures on the platform.

    Musk’s penchant for making major product changes based on little more than informal Twitter polls has highlighted his ad hoc and improvisational management style. But that approach has attracted growing criticism from many Twitter users. Last week, Twitter suspended several journalists who had reported on Musk’s permanent ban of an account that tracked his jet.

    Growing criticism of Musk culminated in Sunday’s poll that served as an effective, if unscientific, referendum on Musk’s handling of the company since he closed his purchase of Twitter in late October.

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  • How to Use ChatGPT and Still Be a Good Person

    How to Use ChatGPT and Still Be a Good Person

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    First, it’s important to understand how the technology works to know what exactly you’re doing with it.

    ChatGPT is essentially a more powerful, fancier version of the predictive text system on our phones, which suggests words to complete a sentence when we are typing by using what it has learned from vast amounts of data scraped off the web.

    It also can’t check if what it’s saying is true.

    If you use a chatbot to code a program, it looks at how the code was compiled in the past. Because code is constantly updated to address security vulnerabilities, the code written with a chatbot could be buggy or insecure, Mr. Christian said.

    Likewise, if you’re using ChatGPT to write an essay about a classic book, chances are that the bot will construct seemingly plausible arguments. But if others published a faulty analysis of the book on the web, that may also show up in your essay. If your essay was then posted online, you would be contributing to the spread of misinformation.

    “They can fool us into thinking that they understand more than they do, and that can cause problems,” said Melanie Mitchell, an A.I. researcher at the Santa Fe Institute.

    In other words, the bot doesn’t think independently. It can’t even count.

    A case in point: I was stunned when I asked ChatGPT to compose a haiku poem about the cold weather in San Francisco. It spat out lines with the incorrect number of syllables:

    Fog blankets the city,

    Brisk winds chill to the bone,

    Winter in San Fran.

    OpenAI, the company behind ChatGPT, declined to comment for this column.

    Similarly, A.I.-powered image-editing tools like Lensa train their algorithms with existing images on the web. Therefore, if women are presented in more sexualized contexts, the machines will recreate that bias, Ms. Mitchell said.

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    Brian X. Chen

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  • A New Chat Bot Is a ‘Code Red’ for Google’s Search Business

    A New Chat Bot Is a ‘Code Red’ for Google’s Search Business

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    As the technology advances, industry experts believe, Google must decide whether it will overhaul its search engine and make a full-fledged chat bot the face of its flagship service.

    Google has been reluctant to share its technology broadly because, like ChatGPT and similar systems, it can generate false, toxic and biased information. LaMDA is available to only a limited number of people through an experimental app, AI Test Kitchen.

    Google sees this as a struggle to deploy its advanced A.I. without harming users or society, according to a memo viewed by The Times. In one recent meeting, a manager acknowledged that smaller companies had fewer concerns about releasing these tools, but said Google must wade into the fray or the industry could move on without it, according to an audio recording of the meeting obtained by The Times.

    Other companies have a similar problem. Five years ago, Microsoft released a chat bot, called Tay, that spewed racist, xenophobic and otherwise filthy language and was forced to immediately remove it from the internet — never to return. In recent weeks, Meta took down a newer chat bot for many of the same reasons.

    Executives said in the recorded meeting that Google intended to release the technology that drove its chat bot as a cloud computing service for outside businesses, and that it might incorporate the technology into simple customer support tasks. It will maintain its trust and safety standards for official products, but it will also release prototypes that do not meet those standards.

    It may limit those prototypes to 500,000 users and warn them that the technology could produce false or offensive statements. Since its release on the last day of November, ChatGPT — which can produce similarly toxic material — has been used by over a million people.

    “A cool demo of a conversational system that people can interact with over a few rounds, and it feels mind-blowing? That is a good step, but it is not the thing that will really transform society,” Zoubin Ghahramani, who oversees the A.I. lab Google Brain, said in an interview with The Times last month, before ChatGPT was released. “It is not something that people can use reliably on a daily basis.”

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    Nico Grant and Cade Metz

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  • Google Play now lets children send purchase requests to guardians

    Google Play now lets children send purchase requests to guardians

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    Google already offers parents and guardians tools to restrict purchases their children make on Play Store using the family payment method. The company is now introducing an additional feature that will allow children to send a purchase request for the manager of the family account to approve when there is no present payment method.

    Children can ask for approval for both paid apps and in-app purchase when the family hasn’t set up a payments method. Once the family manager gets this request through a notification (or in their request queue), they can use their own payment method including Google Play gift cards to approve the request and make the purchase. The manager can look at these requests under pending and history tabs.

    Image Credits: Google

    This method works best when you want to have full control over your children’s purchases and family spending. You can see all apps and in-app purchases children are interacting with and decline the ones that you think are harmful — or not necessary for whatever reason.

    Google has introduced a number of changes in recent months to put better oversight on how children interact with its services. In October, the company rolled out a redesigned Family Link app with highlights, controls, and location tabs alongside granting it a web version. Last month, it announced policy tweaks for the Play Store, making the requirements for an app to be certified as a “kids” app stricter.

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    Ivan Mehta

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  • Musk says he’ll be Twitter CEO until a replacement is found

    Musk says he’ll be Twitter CEO until a replacement is found

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    SAN FRANCISCO — Elon Musk said Tuesday that he plans on remaining as Twitter‘s CEO until he can find someone willing to replace him in the job.

    Musk’s announcement came after millions of Twitter users asked him to step down in an unscientific poll the billionaire himself created and promised to abide by.

    “I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk tweeted. “After that, I will just run the software & servers teams.”

    Since taking over San Francisco-based Twitter in late October, Musk’s run as CEO has been marked by quickly issued rules and policies that have often been withdrawn or changed soon after being made public.

    He has also alienated some investors in his electric vehicle company Tesla who are concerned that Twitter is taking too much of his attention.

    Some of Musk’s actions have unnerved Twitter advertisers and turned off users. They include laying off half of Twitter’s workforce, letting go contract content moderators and disbanding a council of trust and safety advisors that the company formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform.

    Musk, who also helms the SpaceX rocket company, has previously acknowledged how difficult it will be to find someone to take over as Twitter CEO.

    Bantering with Twitter followers last Sunday, he said that the person replacing him “must like pain a lot” to run a company that he said has been “in the fast lane to bankruptcy.”

    “No one wants the job who can actually keep Twitter alive. There is no successor,” Musk tweeted.

    As things stand, Musk would still retain overwhelming influence over platform as its owner. He fired the company’s board of directors soon after taking control.

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  • Elon Musk Says He Will Resign as Twitter C.E.O. When He Finds Successor

    Elon Musk Says He Will Resign as Twitter C.E.O. When He Finds Successor

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    At his other companies, which include the electric automaker Tesla and the rocket maker SpaceX, Mr. Musk has sometimes appointed a key adviser to manage the business in his absence. At SpaceX, the task has fallen to Gwynne Shotwell, its president and chief operating officer.

    At Twitter, Mr. Musk had opted to run the company himself. He has borrowed employees from his other companies, including Tesla and the Boring Company, a tunneling start-up, to join him. Steve Davis, the president of the Boring Company, has led various cost-cutting initiatives at Twitter. Mr. Musk has had people rotate in and out to advise him on legal and financial matters, including the investor Antonio Gracias, a former Tesla board member, and Alex Spiro, his personal lawyer.

    Mr. Musk has also relied on Tesla and SpaceX employees to deal with technical matters, as layoffs and resignations have decimated Twitter’s engineering ranks. While at least one Tesla board member said he believed the carmaker’s workers would be only briefly deployed at Twitter, Mr. Musk has continued to use them, including Sheen Austin, a Tesla engineer who has been heading up Twitter’s infrastructure organization.

    Some of Mr. Musk’s advisers have lobbied to lead Twitter. On Sunday, Jason Calacanis, an investor in Mr. Musk’s Twitter, asked his own followers on the platform if he or the venture capitalist David Sacks should be Twitter’s chief executive, or share the position.

    Mr. Musk, who was in Qatar for the World Cup final this weekend with Jared Kushner, is also seeking new investment in Twitter. After he sold $3.6 billion of Tesla shares last week, his finance team, led by Jared Birchall, the head of his family office, sent emails to potential investors, said one person who was approached to invest and who was not authorized to speak publicly.

    The emails to potential backers invited them to invest at the $54.20 share price that Mr. Musk paid to buy the company, the person said. But Mr. Musk has since publicly said the price he paid for Twitter was more than twice what it was worth. The potential fund-raising was reported earlier by Semafor.

    Mr. Musk has continued to aggressively slash costs at Twitter. On Friday night, the company began another round of layoffs, according to four people with knowledge of the actions and documents seen by The New York Times. About 50 employees, mainly from the company’s infrastructure division, were cut, the people said. It was unclear how other divisions were affected.

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    Ryan Mac and Kate Conger

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  • How to keep your child safe on their cellphones

    How to keep your child safe on their cellphones

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    How to keep your child safe on their cellphone


    How to keep your child safe on their cellphone

    01:51

    As more kids are getting cellphones from their parents at what used to be considered an early age, experts are warning about the possible dangers of the devices. One in three Americans say they’ve fallen for a phone scam, and kids can be especially vulnerable, according to Truecaller.

    Chicago’s Peterson Elementary School recently hosted a workshop for parents about cellphone safety for children. It was hosted by digital media analyst Devorah Heitner, the author of “Screenwise: Helping Kids Thrive (and Survive) in their Digital World.” Heitner says parents should teach kids that anything that sounds too good to be true probably is and that their parents will support them no matter what.

    “Anyone who is trying to exploit your child sexually, emotionally, financially, they will use threats to isolate them and scare them,” she said. “If your child knows they have a safe person in you and that you will fight for them and be on their side, they’re much less vulnerable.”

    Lynda Gibson, whose 13-year-old daughter has a phone, attended one of Heitner’s workshops. Gibson said her biggest concern was that “Kids aren’t always able to distinguish what’s real and what’s reliable.”

    Craighton Berman, whose 12-year-old son just got a phone, said his son likes to use the messaging and social media platform Discord.

    “It’s fairly anonymous,” Berman said. “We talk about it a lot, but that is one that makes me kind of nervous.”

    Heitner suggests removing phones at bedtime, using parental controls to limit screen time and apps, researching apps your kids want to use, not allowing headphones during games where your child can chat and modeling good behavior.

    “Ultimately, I believe that mentoring is more powerful than monitoring,” Heitner said. “We want to teach them how to do the right thing.”

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  • After Twitter users voted to oust Elon Musk as CEO, he wants to change how polls work | CNN Business

    After Twitter users voted to oust Elon Musk as CEO, he wants to change how polls work | CNN Business

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    New York
    CNN
     — 

    When Elon Musk polled Twitter users about whether to reinstate former President Donald Trump’s account, he quickly followed through on the majority’s wish to do so. “Vox Populi, Vox Dei,” he pronounced via tweet, Latin for “the voice of the people is the voice of God.”

    Likewise, when Twitter users voted on another of his polls to provide “general amnesty to suspended accounts,” he went ahead and did it. He also heeded user votes in a poll to restore the accounts of tech journalists that he had suspended on Friday.

    But since a clear majority of Twitter users voted for Musk to step down as Twitter CEO in another poll on Sunday, Musk has remained conspicuously (and uncharacteristically) silent. Now, he appears to think the problem isn’t him, but who gets to vote in the polls.

    In a tweet Monday, roughly 12 hours after his CEO poll ended, Musk suggested that he would change how polling on Twitter works so that only those who pay for Twitter’s updated subscription service can vote. After one Twitter user said, “Blue subscribers should be the only ones that can vote in policy related polls,” Musk responded, “Good point. Twitter will make that change.”

    While it’s unclear how he would restrict voting to only those who pay for the company’s subscription service, such a change could dramatically reduce the number of Twitter users who could vote in polls. It would also skew those who can vote to the users who are willing to pay up for Twitter Blue, which includes the controversial paid verification feature Musk pushed to introduce. Musk’s Monday tweet immediately prompted comparisons to poll taxes.

    The incident is yet another example of the inconsistencies and chaos in Musk’s management of Twitter since acquiring the company in October. After coming under fire this weekend for a controversial new policy restricting users from posting links to rival platforms, Musk pledged to effectively crowdsource “major policy changes” at Twitter by polling users about them and soon launched the poll about whether he should remain as CEO.

    Now, Musk appears to be ignoring the results of the CEO poll and looking to overhaul how polls work without first polling users about what is arguably another “major policy change.”

    Musk’s poll, and his limited reaction to it so far, could add to the growing uncertainty about his commitment to remaining Twitter’s CEO. Musk has faced criticism from Twitter users and advertisers for his decision to eliminate much of the company’s staff, restore the accounts of a number of incendiary users, and the whiplash from seemingly rushing out new policies and features only to pull them later. The Tesla CEO is also facing pressure from the carmaker’s shareholders to find a replacement at Twitter, after Tesla’s stock has declined significantly this year.

    Musk has not directly commented on the user vote that he should step down from running Twitter. Musk said last month that he expects to “reduce my time at Twitter, and find somebody else to run Twitter, over time.” But in a tweet Sunday he said: “No one wants the job who can actually keep Twitter alive. There is no successor.”

    CNBC reported Tuesday that Musk is “actively searching” for a new Twitter CEO, citing anonymous sources. Twitter, which recently cut most of its public relations team, did not immediately respond to a request for comment. Musk responded to the story on Twitter with two crying laughing emojis.

    The most obvious potential candidates for a new Twitter CEO are the Musk lieutenants who have been helping to run the company since his takeover. The short list likely includes investor Jason Calacanis, Craft Ventures partner David Sacks and Sriram Krishnan, an Andreessen Horowitz general partner focused on crypto and Twitter’s former consumer teams lead.

    A range of other wild card candidates have publicly offered to take on the job, including former T-Mobile CEO John Legere and rapper Snoop Dogg.

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  • Hearing on FTX founder’s extradition to US set for Wednesday

    Hearing on FTX founder’s extradition to US set for Wednesday

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    NEW YORK — Sam Bankman-Fried will have a hearing Wednesday in a Bahamian court on his possible extradition U.S. in the coming days to face criminal charges related to the collapse of cryptocurrency exchange FTX, a source familiar with the matter told The Associated Press.

    The source spoke on condition of anonymity because they were not authorized to speak on the record. In a court in Nassau, Bahamas, on Monday, Bankman-Fried’s lawyers said he had agreed to be extradited to the U.S., but the necessary paperwork had not yet been written up.

    It was not immediately clear when Bankman-Fried’s extradition could occur once it is approved by the Bahamian court.

    Bahamian authorities arrested Bankman-Fried last week at the request of the U.S. government. U.S. prosecutors allege he played a central role in the rapid collapse of FTX and hid its problems from the public and investors. The Securities and Exchange Commission said Bankman-Fried illegally used investors’ money to buy real estate on behalf of himself and his family.

    The 30-year-old could potentially spend the rest of his life in jail.

    Bankman-Fried was denied bail Friday after a Bahamian judge ruled that he posed a flight risk. The founder and former CEO of FTX, once worth tens of billions of dollars on paper, is being held in the Bahamas’ Fox Hill prison, which has been has been cited by human rights activists as having poor sanitation and as being infested with rats and insects.

    Once he’s back in the U.S., Bankman-Fried’s attorney will be able to request that he be released on bail.

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  • Sequoia’s Carl Eschenbach, who led deals for Zoom and Snowflake, to run Workday as co-CEO

    Sequoia’s Carl Eschenbach, who led deals for Zoom and Snowflake, to run Workday as co-CEO

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    Carl Eschenbach, a longtime enterprise software executive who joined Sequoia Capital in 2016 and went on to lead a number of lucrative deals for the venture firm, is going back to an operating role.

    As the new co-CEO of Workday, Eschenbach will co-lead the enterprise cloud applications giant with it sco-CEO, cofounder and company chair Aneel Bhusri, until 2024, at which point Eschenbach will take over as sole CEO.

    Chano Fernandez, a former SAP executive who joined Workday in 2014 and has served as its co-CEO since 2020, has “stepped down” as co-CEO and relinquished his seat on the company’s board, “effective immediately,” says Workday.

    Before joining Sequoia, Eschenbach spent his career with a variety of software companies. Most notably, before diving into VC, he was the president and COO of VMWare, the cloud computing and virtualization technology, where he spent more than 14 years. Before joining VMWare, he served as a VP at Inktomi, a dot-com era company that was acquired in 2002 by Yahoo.

    Eschenbach will remain a venture partner at Sequoia Capital, but he isn’t expected to lead new deals. While at Sequoia, he struck a number of deals that ultimately produced huge returns for the firm, including persuading Zoom founder and CEO Eric Yuan to accept $100 million in Series D funding entirely from Sequoia in 2017.

    The venture firm owned 11.4% of Zoom at the time of its 2019 IPO; Zoom’s shares skyrocketed afterward as Covid-19 gained traction the following year, shutting down much of the world, which turned largely to Zoom’s video communication’s platform.

    Thanks largely to Eschenbach, Sequoia also owned an 8.4% stake in Snowflake heading into its 2020 IPO (it was the biggest software IPO ever) and Sequoia became the largest owner of gaming company Unity, with a 24% stake heading into the gaming company’s 2020 IPO (it hit the market one day after Snowflake in September of that year).

    Eschenbach joined the board of Workday in 2018. It is not a Sequoia portfolio company but Sequoia’s partners are often asked to take outside board seats and on rare occasions, the firm green-lights these moves. (Longtime partner Jim Goetz — who persuaded Eschenbach to join Sequoia — is on the board of Intel, as another example.)

    The co-CEO role can be controversial. Oracle seemed to pull off such a pairing successfully with top executives Safra Catz and Mark Hurd, until his death last year. SAP meanwhile tried a co-CEO set-up and abandoned it fairly quickly.

    Salesforce’s experiments with co-CEOs has also not been successful. Earlier this month, almost a year to the day after becoming co-CEO of the CRM giant, Bret Taylor stepped down n a stunning announcement that appeared to come out of the blue.

    Taylor wasn’t the first co-CEO of Salesforce to throw in the towel for one reason or another. In 2018, Salesforce founder Marc Benioff named Keith Block co-CEO. Block lasted in the position slightly longer than Taylor, stepping down in 2020.

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    Connie Loizos

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  • Historic biodiversity pact inspires, but past failures loom

    Historic biodiversity pact inspires, but past failures loom

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    MONTREAL — A day after negotiators reached a landmark biodiversity agreement, the pressure was already growing on countries, business leaders and the environmental community to deliver on its ambitious promises to protect the planet — and not repeat the failures of past deals.

    Delegates expressed optimism Tuesday in Montreal that this time will be different, mostly due to greater financing provisions in the global biodiversity framework and stronger language around reporting, measuring and verifying progress by nations. There is also growing public awareness about threats facing rainforests, oceans and other ecologically important areas.

    “We’ve seen unprecedented mobilization for biodiversity protection,” Canadian Minister of Environment and Climate Change Steven Guilbeault said at the closing press conference of the United Nations Biodiversity Conference. “The fact that Canada, the EU and many others would agree to double by 2025 and triple by 2030 our funding is a clear sign.”

    The most significant part of the agreement is a commitment to protect 30% of the world’s land and water considered important for biodiversity by 2030, known as 30 by 30. Currently, 17% of terrestrial and 10% of marine areas are protected.

    The deal also calls for raising $200 billion by 2030 for biodiversity from a range of sources and working to phase out or reform subsidies that could provide another $500 billion for nature. As part of the financing package, the framework asks for increasing to at least $20 billion annually by 2025 the money that goes to poor countries. That number would increase to $30 billion each year by 2030.

    The challenge now will be making good on those commitments.

    The new framework “is the equivalent of simply agreeing on the ‘to-do list’ — now the hard work must begin to ensure it gets done,” said Terry Townshend, a Beijing-based fellow for the Paulson Institute, which had previously estimated the annual shortfall in biodiversity funding to be around $700 billion.

    The last time around, countries failed to fully achieve any of the targets in the previous 10-year agreement and only partially achieved six by 2020. The failures prompted some to question whether it was even worth setting more ambitious targets this time around.

    Some complained the past targets were too vague while others cited the delays of several years in setting up a reporting mechanism. There was also much less money in that deal.

    But the new targets are more precise and cover a wider array of issues affecting biodiversity, including pollution, invasive species and pesticides. There is also clearer language for protecting the rights of Indigenous communities and respecting their role in biodiversity decisions.

    U.N. Environment Program Executive Director Inger Andersen told The Associated Press that part of the problem with targets set in 2010 was that negotiators were “all inside the environmental bubble” when agreeing to a framework.

    “At this point, there is a global conversation happening,” Andersen said. “I would say the difference between these 12 years is that there is a broader societal engagement. Some countries will lean in and will get closer to those targets that we’ve now set, some will surpass them. Others may not.”

    As part the framework, the nearly 190 parties are requested to update their national biodiversity strategies to with the targets and goals reached in Montreal. Those will be reviewed at COP16 in Turkey in 2024 to assess progress, challenges countries face and the progress on getting financing into the hands of developing countries.

    “Global governments have clearly established specific, numerical targets to restore degraded land and habitat and similarly to expand protected areas,” said Eliot Whittington, director of policy at the University of Cambridge Institute for Sustainability Leadership.

    Duke University ecologist Stuart Pimm said these targets provide governments and civil society with a “measure of whether we succeed or not.”

    “The devil is always in the details,” said Pimm. “Promises are made and not always fulfilled, but we do understand that money has to be involved. If we’re going to stop deforestation in Brazil and the Congo and Indonesia, it’s going to need some financing from richer countries.”

    But others said the agreement fell short in setting up a strong system of monitoring country progress, meaning that it will be the responsibility of credible, independent third parties to measure progress.

    “Countries’ failure to set robust systems in place for monitoring progress on the biodiversity targets is one notable weakness in the outcome,” said Craig Hanson, managing director for programs for the nonprofit World Resources Institute. “Monitoring progress with robust, credible systems is critical to ensuring that countries’ actions are delivering the intended impact and unlocking finance for nature-based solutions.”

    Others praised the language in the document covering the private sector. It calls for legal and administrative policies that enable business, especially larger and transnational companies, to “regularly monitor, assess, and transparently disclose their risks, dependencies and impacts on biodiversity.”

    “The target on corporate disclosure of biodiversity risk also sends a powerful signal to the private sector that it must adjust its business models and investment strategies towards a nature-positive economy,” said the Paulson Institute’s Townshend.

    But some environmental groups suggested big business had taken the conference hostage and that the language related to corporations was little more than “greenwashing.”

    “The text does not stipulate any regulation on corporations and instead promotes greenwashing measures such as ‘Nature-Based Solutions,’ which allow for offsetting for environmental destruction,” Nele Marien, Friends of the Earth International’s forests & biodiversity coordinator, said in a statement.

    Kaddu Sebunya, CEO of African Wildlife Foundation, said the new agreement “provides a basis for many of the changes we need in conservation, especially in the way conservation is financed.”

    Nearly a third of the world’s biodiversity exists in Africa, although “Africa receives less than 4% of global biodiversity financing,” Sebunya said. “That needs to be changed,” he said, adding that the new framework could help jumpstart the change.

    ———

    Larson reported from Washington, D.C.

    ———

    Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

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  • Google using tech to read your doctor’s handwritten prescriptions

    Google using tech to read your doctor’s handwritten prescriptions

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    Ever get a note from a doctor that is essentially illegible? 

    Google is working on an artificial intelligence (AI) and machine learning model that can identify and even highlight medicines on handwritten prescriptions from physicians.

    Google Research India said in a Monday release that the system will act as an assistive technology for digitizing handwritten medical documents by augmenting the humans in the loop, such as pharmacists. 

    It noted, however, that no decision will be made solely based on the output provided by the technology.

    SUPREME COURT RELEASES FEBRUARY CALENDAR: BIDEN STUDENT LOAN HANDOUT, TWITTER AND GOOGLE ON DOCKET

    In this photo illustration, screens display the logos of Google in Tehatta, Nadia, West Bengal, India, on Sept. 4, 2020.
    ((Photo Illustration by Soumyabrata Roy/NurPhoto via Getty Images))

    “You may be thinking, we’ve had the technology to interpret text from images for decades now: so what’s new, and what sets prescriptions apart?” Google India said. “Ironically, what makes prescriptions hard for computers to digitize is the same thing that makes them hard for you and me to read – they’re unstructured, in shorthand and full of clues for pharmacists to decipher.”

    A doctor writes a refill prescription

    A doctor writes a refill prescription
    ((Photo by Camerique/ClassicStock/Getty Images))

    It said that the system is currently under development – later telling TechCrunch that the feature is in research prototype and that the company has not yet committed to launching it – and that Google India would share updates on its broader rollout in the future.

    APPLE, GOOGLE, AMAZON, AND FACEBOOK ARE ALWAYS LISTENING UNLESS YOU CHANGE THESE SETTINGS

    The feature was also announced at Google’s annual Google for India conference.

    The Google logo is pictured at the Google India office building in Hyderabad on Jan. 28, 2022. 

    The Google logo is pictured at the Google India office building in Hyderabad on Jan. 28, 2022. 
    ((Photo by NOAH SEELAM/AFP via Getty Images))

    Google Research India also noted that the need to develop AI responsibly is “fundamental,” and that the search engine giant had invested $1 million in grants to the Indian Institute of Technology, Madras, to establish the first-of-its-kind multidisciplinary center for Responsible AI. 

    CLICK HERE TO GET THE FOX NEWS APP 

    Gizmodo reported that the technology will be a part of the Google Lens library of applications, which already has the ability to digitally transcribe handwritten notes. 

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  • Social media community helps make teen’s dreams come true after bullying incident

    Social media community helps make teen’s dreams come true after bullying incident

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    Social media community helps make teen’s dreams come true after bullying incident – CBS News


    Watch CBS News



    A Texas teen broke his wrist in a run-in with bullies. David Begnaud reached out to the family and a social media community came together to create a surprise for the 13-year-old.

    Be the first to know

    Get browser notifications for breaking news, live events, and exclusive reporting.


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  • Apple-Apps-Top-10

    Apple-Apps-Top-10

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    The top 10 apps on the Apple Store for week ending 12/18/2022

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  • Send a fun message with these iPhone tricks

    Send a fun message with these iPhone tricks

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    The iPhone has lots of unique features that make using it so much fun, even while texting your friends within the iMessage app.  

    Besides all the fun gifs and Bitmoji options it offers, you can send certain code words which allow you to add colorful animations to your messages, such as the laser effect from typing “pew pew” or the balloon effect from sending a “happy birthday” message. 

    Besides all the fun gifs and Bitmoji options it offers, you can send certain code words which allow you to add colorful animations to your messages, such as the laser effect from typing “pew pew” or the balloon effect from sending a “happy birthday” message. 
    (CyberGuy.com)

    But aside from code words, you can also create a custom full-screen effect by using a combination of whatever emoji you like. Here’s how to do it. 

    How to add a full-screen effect to your messages

    Read on for steps to add a fullscreen effect to your messages.

    Read on for steps to add a fullscreen effect to your messages.
    (CyberGuy.com)

    HOW TO FIND YOUR LOST MACBOOK

    Open the iMessage app and tap the Compose icon in the top right-hand corner to start a new message or go to an existing conversation 

    • Type your message of three emojis or less in the message box
    • Touch and hold the Send arrow and then tap Screen
    • Swipe left to see the full-screen effects
    • Tap the Send arrow.

    And that’s not the only cool effect that the Apple iPhone has to offer. Check out these other tricks: 

    How to add a bubble effect to your messages 

    You can use the bubble effect to change the way that your iMessage bubbles look when they send.

    You can use the bubble effect to change the way that your iMessage bubbles look when they send.
    (CyberGuy.com)

    You can use the bubble effect to change the way that your iMessage bubbles look when they send. 

    • Open the iMessage app and tap the Compose icon in the top right-hand corner to start a new message or go to an existing conversation
    • Enter your message in the text box and hold down the Send arrow
    • Tap the gray dot to preview different bubble effects
    • Choose one and tap the Send arrow.

    HOW TO SEND SPAM CALLS DIRECTLY TO VOICEMAIL ON YOUR PHONE

    How to send a message with the Camera effect 

    Camera effects allow you to spruce up the pictures you send out by adding filters, text, stickers and more.

    Camera effects allow you to spruce up the pictures you send out by adding filters, text, stickers and more.
    (CyberGuy.com)

    Camera effects allow you to spruce up the pictures you send out by adding filters, text, stickers, and more. 

    • Open the iMessage app and tap the Compose icon in the top right-hand corner to start a new message or go to an existing conversation
    • Tap the camera icon to the left of your text box. You’re about to add effects to a picture you’ll be taking with your front or rear camera.
    • Tap the effects icon (it looks like a star on the bottom left of your screen) and select one of the effect options
    • Once you select the effect you want to use, click the large white button in the bottom row to take the picture
    • Press the Blue Send arrow in the lower right-hand corner and add a personal message before sending.

    HOW TO FIND YOUR LOST IPHONE

    How to respond to an iMessage with expressions using Tapback

    Rather than typing a response back to whomever you’re texting, you can simply give the message a thumbs up or a heart with the Tapback effect. 

    Rather than typing a response back to whomever you’re texting, you can simply give the message a thumbs up or a heart with the Tapback effect. 
    (CyberGuy.com)

    Rather than typing a response back to whomever you’re texting, you can simply give the message a thumbs up or a heart with the Tapback effect. 

    • Open a conversation in the iMessages app
    • Double tap or hold down the iMessage or photo that you want to respond to
    • Select whichever Tapback option you want to send (heart, thumbs up, thumbs down, HAHA, !! or ?).

    How to send a handwritten message 

    Personalize your iMessages by sending them in your own handwriting. Your friends and family will watch them animate once they send. 

    Personalize your iMessages by sending them in your own handwriting. Your friends and family will watch them animate once they send. 
    (CyberGuy.com)

    CLICK TO GET KURT’S CYBERGUY NEWSLETTER WITH QUICK TIPS, TECH REVIEWS, SECURITY ALERTS AND EASY HOW-TO’S TO MAKE YOU SMARTER 

    Personalize your iMessages by sending them in your own handwriting. Your friends and family will watch them animate once they send. 

    • Open the iMessage app and tap the Compose icon in the top right-hand corner to start a new message or go to an existing conversation
    • Turn your iPhone sideways and tap the small scribble icon (it’s on the bottom right-hand corner of your screen next to the Return button)
    • Write out your message or select one of the options given
    • If you mess up and need to restart, just tap Undo
    • When you’re finished, tap Done and press the Send arrow.

    CLICK HERE TO GET THE FOX NEWS APP

    For more of my Apple tips, head over to CyberGuy.com and search “Apple” and be sure to sign up for my free newsletter. 

    Copyright 2023 CyberGuy.com. All rights reserved. CyberGuy.com articles and content may contain affiliate links that earn a commission when purchases are made. 

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  • They Created a Drug for Susannah. What About Millions of Other Patients?

    They Created a Drug for Susannah. What About Millions of Other Patients?

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    Susannah Rosen, 8, spent much of her childhood in hospitals in New York City as doctors documented the gradual loss of her ability to stand, walk and see.

    But on a visit this October, her parents thought for the first time that she might leave the hospital better off than before. That’s when surgeons infused a drug into her spine to fix the ultrarare genetic glitch that had vexed her nervous system since infancy.

    “Every other time we go into the hospital, it’s because something terrible has happened,” said Susannah’s father, Luke Rosen. “This time, there was hope for something that will heal her.”

    Susannah was the first person to receive a drug designed to treat KIF1A-associated neurological disorder, or KAND, a progressive disease caused by genetic mutations that affect just 400 people in the world. In doing so, the young girl and her parents have found themselves on the edge of personalized medicine.

    Since the technology for such bespoke genetic drugs debuted in 2018, about two dozen patients have received the infusions — costing as much as $2 million per patient — to treat a range of neurological syndromes. But hundreds of millions of others, mostly children, live with rare genetic diseases and have no treatment options.

    Susannah’s drug, almost two years in the making, was paid for by a nonprofit organization, n-Lorem, that aims to do the same for at least 1,000 patients over the next decade. By raising funds and negotiating discounts and in-kind donations from biotechnology companies to make its drugs, n-Lorem’s founder believes, the organization can fulfill its mission to “leave no child behind.”

    But other rare-disease experts doubt that a funding model based on donations will ever be large or sustainable enough to help millions of patients. They are searching for other ways to accelerate the technology’s development, which includes seeking help from for-profit businesses.

    Groups developing therapies for these diseases must also grapple with how to share valuable — and rare — data. N-Lorem has been criticized for not pledging to share ‌information about its patients and methods swiftly and transparently, an issue that became more urgent after a girl died last year from complications in another investigator’s clinical trial.

    “These are really complex questions that this field has opened up,” said Issi Rozen, a venture partner at GV, formerly known as Google Ventures, a firm that has invested in the field. “The worst thing I can imagine is those technologies exist that can treat the kids, but there’s no framework for doing that.”

    Susannah’s parents first noticed something wrong with their daughter when she was a baby and couldn’t kick her legs in the bathtub. As a toddler, she used leg braces to stand and walk and would fall suddenly. When Susannah was 2, doctors discovered that she had seizures while she slept.

    In 2016, her parents learned that she carried a glitch in a gene, called KIF1A, which caused KAND. The untreatable disease, her doctor said, would cause developmental delays, vision loss, seizures and physical disabilities that would worsen with time.

    “What can we do to fix that?” Mr. Rosen recalled asking Wendy Chung, Susannah’s doctor and a pediatrician and geneticist at Columbia University.

    Dr. Chung advised them to find other patients. Mr. Rosen and his wife, Sally Jackson, started a foundation in 2017, found about 400 other patients, raised $2 million for research and began lobbying scientists to develop treatments.

    One of the companies Mr. Rosen called was Ionis Pharmaceuticals, based in Carlsbad, Calif. Ionis used snippets of genetic material — known as antisense technology — to make drugs for diseases that are somewhat rare, affecting tens of thousands of people in the United States, but much more common than KAND.

    The next year, Dr. Timothy Yu, a neurologist and genetic researcher at Boston Children’s Hospital, announced that over the course of just 10 months he had developed a customized antisense drug for an 8-year-old girl named Mila Makovec. The drug, named milasen after its patient, treated Mila’s rare neurological condition, Batten disease.

    The founder of Ionis, Dr. Stanley Crooke, also wanted to treat extremely rare diseases, but he believed companies could not profit from drugs used by fewer than 30 people. So in 2020, he and his wife, Rosanne Crooke, started the n-Lorem foundation with two founding partners, Ionis and Biogen, a biotechnology company in Cambridge, Mass. Since then, n-Lorem has raised $40 million to make such drugs.

    Ionis and other companies agreed to provide discounted or free equipment and services, including drug manufacturing and safety testing. In turn, n-Lorem would provide the infusions to patients for free, indefinitely.

    “Developing, manufacturing and then giving it away for life for free is an amazing concept, for the most desperate, most underserved patient population we know of,” Dr. Crooke said.

    N-Lorem has so far enrolled more than 80 patients, including Susannah, for this lifetime treatment plan, and its leaders hope to treat many more in the coming years. Dr. Crooke said that drug manufacturing discounts and efficiencies cut the cost of making each individualized therapy by as much as 40 percent. Dr. Yu at Boston Children’s needed $2 million to make the drug for Mila, for example. But n-Lorem has cut that cost to an average of $800,000 per patient, Dr. Crooke said.

    It took 17 months for scientists at n-Lorem to create a drug to shut down Susannah’s specific glitch in the KIF1A gene, which is not shared by any other patient in the country.

    While waiting, Susannah grew sicker. She had broken several bones from falls and used a wheelchair much of the time. Her vision gradually faded. Whenever Mr. Rosen traveled, he worried that his daughter wouldn’t be able to see his face when he got home.

    The new drug would not cure Susannah, her parents knew, but they hoped it would alleviate her seizures and difficulties with motor control. Maybe by Christmas, they thought, she would be able to walk to her brother and hug him.

    On Oct. 10, Dr. Jennifer Bain, a pediatric neurologist at NewYork-Presbyterian Morgan Stanley Children’s Hospital in Manhattan, injected Susannah’s drug into her spine.

    The next morning, Susannah woke up smiling. Her parents wondered if the drug was already working, though they knew that was unlikely.

    Mr. Rosen and Ms. Jackson logged her seizures and falls daily. Neurologists planned to examine Susannah’s mental abilities, brain activity and movement skills every few weeks.

    Susannah was the first patient to receive an n-Lorem drug, followed by two adult patients in October and November.

    Some rare-disease experts are skeptical that one nonprofit organization will be able to serve every patient who needs help.

    Some are searching instead for a viable business model that could bring millions or billions of dollars of investor funding. The money is needed to hasten the competition necessary to drive down costs, prove the medicines work and convince insurers to pay for them.

    In 2021, Julia Vitarello, the mother of Mila, co-founded EveryONE Medicines, a for-profit company in Boston that is exploring how to make customized genetic drugs sustainably.

    And Jeff Milton, a former Ionis scientist, hopes to develop rare-disease drugs that target biological systems that are also affected in more common diseases. That could coax investors to invest in his start-up, La Jolla Labs, to develop drugs that could treat both rare and common diseases, he said.

    Both are also focused on how various outfits can share data.

    Ms. Vitarello also founded a nonprofit organization with Dr. Yu, called the N=1 Collaborative, that aims to make personalized medicines more accessible. Its 311 members, including parents, patients, investors and scientists from academia, companies and other institutions, have pledged to share information with each other.

    “We’re talking about dying children,” Ms. Vitarello said. Mila died at age 10, three years after receiving the first dose of her customized drug. “Companies, academic institutions and foundations should all have a mandate to share data so we can learn what works, because it is unethical not to.”

    These tensions have increased since the recent death of a child who received a customized antisense drug.

    On Oct. 23, Dr. Yu reported at a scientific meeting that two of his patients developed a buildup of fluid in the brain, called hydrocephalus, after receiving a drug for a severe form of epilepsy, and one died. He and other scientists are studying whether other antisense drugs might cause the same problem.

    Dr. Yu announced the results before publishing them in a peer-reviewed journal article, he said, partly to highlight the importance of sharing data through channels such as the N=1 Collaborative.

    Dr. Crooke said that n-Lorem would not contribute its data to the N=1 Collaborative database. The organization has presented data at scientific conferences, he said, and will publish data on its patients in peer-reviewed journals. It will also alert the Food and Drug Administration if a death or serious adverse event occurs.

    He said he did not think n-Lorem’s data should be compared with others’ because the n-Lorem team had more expertise in making antisense drugs, also known as ASOs. “We’re not going to mix data from our optimized ASOs with data from ASOs that are not optimized,” Dr. Crooke said.

    But Dr. Yu said that Dr. Crooke’s assertion that n-Lorem’s drugs were superior was “unjustified and easily refutable.” For instance, a clinical trial using an antisense drug licensed from Ionis caused hydrocephalus in patients with Huntington’s disease who received the highest doses.

    About two dozen patients have received customized antisense drugs since Dr. Yu’s announcement about Mila in 2018. His team has treated four other patients, including the two children who developed hydrocephalus.

    N-Lorem is racing to make drugs for the patients it has enrolled. The organization hopes to add 100 to 150 patients to its list per year, reaching about 1,000 patients within a decade.

    Dr. Yu and others say that if they can show that the drugs save lives, investors might step in.

    “Ultimately, before this explodes into treating dozens of families per year, they’re going to have to show that it works,” said David Corey, a biochemist at the University of Texas Southwestern Medical Center at Dallas, who is not involved in the antisense field.

    On Nov. 9, Susannah returned to the hospital for the second dose of her drug. After the procedure, she nestled with dolls in bed and chatted with her parents, at times looking them straight in the eye. This was unusual; her vision problems usually forced her to use her peripheral vision.

    Susannah unscrewed the lid of a doll’s pink plastic sippy cup and held the cup out to Mr. Rosen.

    “Daddy, can you fill this up with water?” she asked.

    Mr. Rosen obliged. He thought that her speech had recently improved and was impressed with her ability to focus her gaze more clearly.

    Less than a month later, Susannah surprised her parents by standing up on her own for the first time in two years. After pulling herself up from the living room carpet, Susannah, face flushed with exertion, stood tall and high-fived Ms. Jackson.

    Susannah received her third dose of the drug on Dec. 7. With four months to go in the trial, Mr. Rosen and Ms. Jackson felt cautiously optimistic.

    “It’s just not easy to be Susannah because there’s no road map,” Mr. Rosen said. “She’s creating it.”

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  • TikTok is removing some of the mystery behind how it recommends videos to users | CNN Business

    TikTok is removing some of the mystery behind how it recommends videos to users | CNN Business

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    CNN
     — 

    If you’ve ever wondered why TikTok suggested a certain video in your feed, you may start to get a little more clarity.

    TikTok on Tuesday said it is beginning to roll out a new feature to add more context about how the platform’s algorithms recommend videos in your “For You” feed. With the new option, you can click on the share button on the video and then select the question mark icon dubbed, “Why this video.”

    From there, TikTok said you can get more visibility into some of the reasons why a particular video was recommended to you. Some of these reasons include: “user interactions,” which refers to content you watch, like or share as well as comments you post and things you have searched for on the app; “accounts you follow or suggested accounts for you;” “content posted recently in your region;” or “popular content in your region.”

    Like other social networks, TikTok relies on algorithms to surface personalized content for users in hopes of keeping them engaged and scrolling as long as possible. But these algorithms are typically black boxes.

    The new feature stops short of truly demystifying that black box by providing more granular details on specific activity or accounts influencing the algorithmic recommendations. But TikTok said that it has plans to build up this feature with more details in the future. “Looking ahead, we’ll continue to expand this feature to bring more granularity and transparency to content recommendations,” the company said in a blog post.

    The new update comes in the wake of renewed scrutiny that TikTok’s powerful algorithm may lead users, and especially its youngest users, down concerning rabbit holes, including directing them to potentially harmful subject matter such as content around suicide and eating disorders.

    It also comes as a growing number of state and federal lawmakers continue to pressure TikTok over its ties to Beijing through its parent company. The criticism ramped up earlier this year after a Buzzfeed News report said some US user data has been repeatedly accessed from China, and cited one employee who allegedly said, “Everything is seen in China.” TikTok, for its part, has confirmed US user data can be accessed by some employees in China.

    Last week, a trio of lawmakers led by Republican Sen. Marco Rubio introduced a bill that aims to ban TikTok from operating in the United States. In a statement announcing the proposed legislation, Rubio accused TikTok of collecting data to “manipulate feeds” and blasted the app as a “CCP [Chinese Communist Party]-puppet company.”

    TikTok has been negotiating for years with the US government on a potential deal that addresses national security concerns and lets the app continue serving US customers. TikTok has also taken steps to isolate US user data from other parts of its business.

    TikTok has made a number of announcements in recent years in an effort to ease concerns, including publishing tools to help users customize content recommendations, rolling out parental controls to give users more options to restrict what their children can see on the app, and pledging more transparency related to its content moderation systems for researchers.

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  • How to find your lost MacBook

    How to find your lost MacBook

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    Losing your laptop can be scary and incredibly stressful, especially considering the amount of money you spend when purchasing them and the important information you keep stored on them. That’s why we’re showing you how to locate your laptop should it ever get lost or stolen.

    CLICK TO GET KURT’S CYBERGUY NEWSLETTER WITH QUICK TIPS, TECH REVIEWS, SECURITY ALERTS AND EASY HOW-TO’S TO MAKE YOU SMARTER

    How to find your lost MacBook

    Here’s what to do if you misplace your MacBook.
    (Apple)

    Before your Macbook goes missing, be sure to set up the Find My feature by following these easy steps:

    Turn on your Location Services

    • Go to System Settings
    • Select Security & Privacy
    • Go to the Privacy tab and select Location Services
    • Turn on Location Services and Find My in the list of apps.

    Set Up Find My on Mac

    • Go to System Settings
    • Click your name at the top of the sidebar. If your name is not there, click Sign in with your Apple ID
    • Click iCloud
    • Click Find My Mac and turn it on
    • When asked to allow Find My Mac to use the location of your Mac, click Allow
    • Click Done.

    HOW TO TRACK SLEEP ON YOUR APPLE WATCH

    How to use Find My

    • Open Find My by going to another device and selecting the Devices tab, or by signing in to iCloud.com/find and selecting All Devices
    Use the Find My app to locate your MacBook.

    Use the Find My app to locate your MacBook.
    (Apple)

    • Select your Mac to view its location on a map
    • If your Mac is nearby, you can have it play a sound for you to hear so that you can locate it
    • If your Mac is not nearby, you can remotely lock your Mac with a passcode to prevent unauthorized access by going to Mark As Lost and selecting Activate, or by selecting Lock on iCloud.com.
    Here's how to lock your MacBook remotely.

    Here’s how to lock your MacBook remotely.
    (Apple)

    If you are unable to find your Mac after taking these steps, or if you didn’t get the chance to set up Find My before your Mac went missing, you can still protect your data.

    If you hang out a lot with a trusted friend or family member, do the following now in case you lose the iPhone later. 

    LOCATION SOFTWARE: LIFESAVING OR LIFE-THREATENING?

    How to protect Mac data without Find My

    • Change your Apple ID and passwords from your other Apple devices by going to Settings>Apple ID> Name, Phone Numbers, Email
    • Change passwords for other accounts you’ve used with your Mac including email, banking, and social media sites
    • Report your Mac as stolen to local law enforcement and give them the serial number, which can be found on the packaging your Mac came in
    • Erase your Mac by going to Find My on another Apple device and selecting Devices>Your Missing Mac>Erase This Mac.

    CLICK HERE TO GET THE FOX NEWS APP

    For more of my iPhone tips, head over to CyberGuy.com and search “Apple” and be sure to sign up for my free newsletter at CyberGuy.com/Newsletter.

    Copyright 2023 CyberGuy.com. All rights reserved. CyberGuy.com articles and content may contain affiliate links that earn a commission when purchases are made.

    Kurt “CyberGuy” Knutsson is an award-winning tech journalist who has a deep love of technology, gear and gadgets that make life better with his contributions for Fox News & FOX Business beginning mornings on “FOX & Friends.” Got a tech question? Get Kurt’s CyberGuy Newsletter, share your voice, a story idea or comment at CyberGuy.com.

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  • Early-stage Mexico fintech Aviva is making loans as easy as a video call

    Early-stage Mexico fintech Aviva is making loans as easy as a video call

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    There are some 40 million Mexicans who are excluded from certain financial products due to banks not thinking it is a segment worth going after, but Filiberto Castro does.

    The former banking executive worked at banks including Citi and Scotiabank for nearly a decade before moving into the fintech space to be chief of growth at Konfio. That’s where Castro said he saw how well technology could help people access financial services that were previously out of reach.

    He met his co-founders David Hernandez and Amran Frey at Konfio, and, along with Israel Garcia, started Aviva, a Mexico-based fintech startup focused on bringing working capital to unserved communities.

    Aviva’s approach uses artificial intelligence and natural language processing to match customers’ spoken word to the fields of a real-time credit application. Within minutes, customers can qualify for a nano-business or house improvement loan of up to $1,000.

    Aviva co-founders, from left, Amran Frey, David Hernández, and Filiberto Castro

    Aviva co-founders, from left, Amran Frey, David Hernández and Filiberto Castro. Image Credits: Aviva

    Unlike other fintechs that are concentrating on large, urban areas, Aviva is concentrating on smaller communities where the company can address the lack of trust in banks, predatory interest rates and help users who may not have the technical ability, like a smartphone, to purchase financial products directly.

    Now buoyed by $2.2 million in pre-seed funding, the company is rolling out a network of physical and digital onboarding kiosks. The five-minute “video call booths” use biometrics and biosignals to determine the client’s risk and willingness to pay in order to underwrite the loans.

    “No one has done anything for this segment in the last 25 years,” Castro told TechCrunch. “Much has been done in big cities, but by creating deep tech, AI and the video calls, we can establish elements to examine credit and lower interest rates. This has the potential to create a new middle class in Mexico and later across Latin America.”

    The company makes money from financing the interest on the loans, but is able to charge less than current banks. Average interest rates in Mexico can get as high as triple digits, but Aviva is able to charge around 80%, though still high, he added.

    Aviva is still very much in its early stages. It launched its product in November with 10 employees and has three kiosk locations where more than 500 customers have passed through since. The kiosks are located in Chalco de Díaz, Ixtapaluca and Texcoco, towns about an hour’s drive from Mexico City. The company is also seeing a lower percentage of loan delinquencies than initially thought, Castro said.

    The pre-seed was led by Wollef Ventures, which was joined by Newtopia VC, Seedstars International Ventures, 500 Startups, Magna Capital VC, Xtraordinary VP and a group of angel investors.

    With that new capital, Aviva is going to invest in building out its credit and underwriting system, preparing to launch the company’s own credit card and expanding its kiosks. In the future, Castro also sees the company providing a full banking offer to its customers.

    “The credit card will give us a way to deposit loans if customers don’t have a bank account,” he said. “That is great for us because it shows we are tackling the right segment — people who don’t have any relationship with a bank.”

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    Christine Hall

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