Here is the daily technology #threadcast for 5/10/25. The goal is to make this a technology "reddit".
Drop all question, comments, and articles relating to #technology and the future. The goal is make it a technology center.
Here is the daily technology #threadcast for 5/10/25. The goal is to make this a technology "reddit".
Drop all question, comments, and articles relating to #technology and the future. The goal is make it a technology center.
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Trump's crypto agenda is being threatened by his pursuit of personal profits
Some lawmakers who had shown a willingness to support crypto legislation are backtracking on concerns about President Trump's personal ventures in the space.
President Donald Trump is standing in his own way when it comes to passing crypto legislation.
Lawmakers this week rejected the GENIUS Act — a bill meant to establish federal rules for stablecoins — due in part to concerns that President Trump's personal cryptocurrency ventures have created an unprecedented conflict of interest.
"Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls," Sen. Jeff Merkley, D-Ore., said in a statement to CNBC explaining his opposition to the bill. "This is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government."
Stablecoins are digital currencies that are pegged to the value of other assets, like the U.S. dollar.
Getting anything passed in Congress is a steep uphill battle for Republicans given their razor-thin majority in the House, filibuster-proof requirement in the Senate, and Democrats' increasingly unified stance against President Trump's agenda. But enough Democrats appeared to be on board with a stablecoin law to bring about a rare bipartisan win for the president.
!summarize #tesla #semi #ev
Google agrees to pay Texas $1.4 billion data privacy settlement
"Google secretly tracked people's movements, private searches, and even their voiceprints and facial geometry," Texas Attorney General Ken Paxton said.
Google agreed to pay nearly $1.4 billion to the state of Texas to settle allegations of violating the data privacy rights of state residents, Texas Attorney General Ken Paxton said Friday.
Paxton sued Google in 2022 for allegedly unlawfully tracking and collecting the private data of users.
The attorney general said the settlement, which covers allegations in two separate lawsuits against the search engine and app giant, dwarfed all past settlements by other states with Google for similar data privacy violations.
Google's settlement comes nearly 10 months after Paxton obtained a $1.4 billion settlement for Texas from Meta, the parent company of Facebook and Instagram, to resolve claims of unauthorized use of biometric data by users of those popular social media platforms.
"In Texas, Big Tech is not above the law," Paxton said in a statement on Friday.
"For years, Google secretly tracked people's movements, private searches, and even their voiceprints and facial geometry through their products and services. I fought back and won," said Paxton.
"This $1.375 billion settlement is a major win for Texans' privacy and tells companies that they will pay for abusing our trust."
Google would need to shift up to 2,000 employees for antitrust remedies, search head says
Google pays Apple billions of dollars per year to be the default search engine on iPhones.
Testimony in Google's antitrust search remedies trial that wrapped hearings Friday shows how the company is calculating possible changes proposed by the Department of Justice.
Google head of search Liz Reid testified in court Tuesday that the company would need to divert between 1,000 and 2,000 employees, roughly 20% of Google's search organization, to carry out some of the proposed remedies, a source with knowledge of the proceedings confirmed.
The testimony comes during the final days of the remedies trial, which will determine what penalties should be taken against Google after a judge last year ruled the company has held an illegal monopoly in its core market of internet search.
The DOJ, which filed the original antitrust suit and proposed remedies, asked the judge to force Google to share its data used for generating search results, such as click data. It also asked for the company to remove the use of "compelled syndication," which refers to the practice of making certain deals with companies to ensure its search engine remains the default choice in browsers and smartphones.
Google pays Apple billions of dollars per year to be the default search engine on iPhones. It's lucrative for Apple and a valuable way for Google to get more search volume and users.
Apple's SVP of Services Eddy Cue testified Wednesday that Apple chooses to feature Google because it's "the best search engine."
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!summarize #ai #time #llm #speed