Amazon fails to calm tariff worries with worse-than-expected financial outlook

Amazon failed to quiet concerns over how Donald Trump’s sweeping tariffs would affect its e-commerce business as it reported its latest quarterly results on Thursday. Wall Street’s affinity for the tech giant faltered in response.The top line numbers from Amazon’s second quarter earnings report exceeded Wall Street’s projections. The tech company beat expectations with its revenue up 13.3% year over year to $167

How will Australia’s under-16s social media ban be enforced, and which platforms will be exempt?

Australians using a range of social media platforms including Facebook, Instagram, YouTube, Snapchat and X will need to have their age checked to ensure they are 16 or older when the social media ban comes into effect from early December.Sign up: AU Breaking News emailHow will it work? And what information will people need to hand over?From 10 December, new laws will apply to platforms that meet the government’s definition of an “age-restricted social media platform”, which has the sole or significant purpose of enabling social interaction with two or more users, and which allows users to post material on the service.The government has not specified by name any platforms that will be included in the ban, meaning any site that meets the above definition could be included except if they meet the exemptions released on Wednesday.The prime minister, Anthony Albanese, has said that the covered platforms include – but are not limited to – Facebook, Instagram, X, Snapchat, and YouTube.The communications minister, Anika Wells, said these platforms would be expected to take reasonable steps to deactivate accounts for users under 16, prevent children registering new accounts, check ages, and also prevent workarounds to bypass the restrictions

Met police to more than double use of live facial recognition

Britain’s biggest police force is to more than double its use of live facial recognition to up to 10 deployments a week.The move by the Metropolitan police comes as it restructures to cover the loss of 1,400 officers and 300 staff amid budget shortages.Live facial recognition – which involves the matching of faces caught on surveillance camera footage against a police watchlist in real time – will now be used up to 10 times a week across five days, up from the current four times a week across two days.The tactic will be deployed at the Notting Hill carnival over the August bank holiday.An older form of the technology was trialled at the event in 2016 and 2017

Zuckerberg claims ‘superintelligence is now in sight’ as Meta lavishes billions on AI

Whether it’s poaching top talent away from competitors, acquiring AI startups or proclaiming that it will build data centers the size of Manhattan, Meta has been on a spending spree to boost its artificial intelligence capabilities for months now.The massive splurge is paying off, according to Meta’s chief executive. In a new memo posted on Wednesday ahead of the company’s quarterly earnings report, Mark Zuckerberg, describes his ambitions for developing what he calls “superintelligence”.“Over the last few months we have begun to see glimpses of our AI systems improving themselves,” Zuckerberg wrote. “The improvement is slow for now, but undeniable

Wall Street delighted with Microsoft as it spends $100bn on AI

Microsoft, the world’s second-most valuable company, is dumping enormous sums of money into its artificial intelligence efforts. At the same time, the company is earning money hand over fist. Investors are thrilled.The enterprise software giant reported fiscal fourth-quarter results that exceeded expectations on Wednesday as the company races to acquire datacenters and talent, which continues to be investigated by investors. The company predicted its capital expenditure for the next fiscal year would top $100bn, a 14% increase from the year prior

YouTube to gauge US users’ ages with AI after UK and Australia add age checks

YouTube announced on Tuesday that it will begin to use artificial intelligence to estimate the ages of users in the US, in order to show them age-appropriate content.The rollout of the new feature comes one day after Australia’s government announced it would ban children under 16 from using YouTube and less than a week after the UK implemented sweeping age checks on content on social networks.YouTube’s AI age verification on its home turf indicates it is putting into place a form of compliance with the Australian and UK requirements, despite its persistent opposition to age-check requirements.“Over the next few weeks, we’ll begin to roll out machine learning to a small set of users in the US to estimate their age, so that teens are treated as teens and adults as adults,” wrote James Beser, director of product management for YouTube Youth, in a blogpost titled Extending our built-in protections to more teens on YouTube.YouTube was promised an exemption from Australia’s social media ban last year by the then communications minister, but the Australian government said on Monday that the platform would, in fact, be included in the country’s ban on children under 16 using social networks