Hungarian born billionaire investor George Soros has criticised tech “monopolies” such as Facebook and Google, calling them a threat to democracy. At his annual dinner at the World Economic Forum in Davos, Soros warned that social media platforms were “obstacles to innovation”.
Facebook was forced to shut down one of its artificial intelligence systems after researchers discovered that it had started communicating in a language that they could not understand. The incident evokes images of the rise of Skynet in the iconic Terminator series. Perhaps Tesla CEO Elon Musk is right about AI being the biggest risk we face.
Facebook is hiring 3,000 people for its community operations team, to help stop hate speech, child abuse and self-harm being broadcast on the website. Chief executive Mark Zuckerberg said it had been heartbreaking to see people hurting themselves and others in videos streamed live on Facebook.
Police in Brazil have arrested the vice president of the social media company Facebook in Latin America. Diego Dzodan, an Argentine national, has repeatedly refused to comply with court orders to hand over data for use in a criminal investigation into drugs trafficking, police said. His arrest relates to the messaging service WhatsApp, owned by Facebook.
Facebook's Mark Zuckerberg and his wife Priscilla Chan say they will give away 99% of their shares in the company to good causes as they announce the birth of their daughter Max. Zuckerberg made the announcement in a letter to Max on his Facebook page.
Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than 100 billion US dollars, financial news channel CNBC reported this week.
Few hours after Argentine football star Lionel Messi started a Facebook Page, the Barcelona's striker has almost 7 million Likes.
In Wael Ghonim, Egypt's anti-Mubarak street movement finally found a hero to rally around after a period of leaderless protest. The Egyptian-born Google marketing executive first played a role in organising the opposition through Facebook, only to disappear into police custody for 12 days.
Twitter has raised 200 million US dollars of financing in a deal that value the micro-blogging company at 3.7 billion, less than a year after it began its first serious efforts to make money.
The creator of Facebook, Mark Zuckerberg has been announced as Time magazine’s person of the year 2010, “for changing how we all live our lives in ways that are innovative and even optimistic”.