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17.05.26 - 22:00
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YouTube, Snap, And TikTok Settle Kentucky School District′s Social Media Addiction Claims (ZeroHedge)
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YouTube, Snap, And TikTok Settle Kentucky School District's Social Media Addiction Claims
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
YouTube, Snap, and TikTok have settled a Kentucky school district's claims that the platforms fueled a youth mental health crisis that the school district said it was forced to manage.
The Breathitt County School District in rural eastern Kentucky still plans to take Meta Platforms, parent of Facebook and Instagram, to trial on June 15.
The agreements, detailed in federal court filings on Friday, are among the first set for trial in more than 1,200 similar lawsuits filed by school districts nationwide.
“This matter has been amicably resolved and our focus remains on building age-appropriate products and parental controls that deliver on that promise,” a YouTube spokesperson said in a statement.
Snap and TikTok did not immediately respond to a request for comment.
The district had sought more than $60 million to cover costs of countering...
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15.05.26 - 20:00
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Money Pit? Zuckerberg Just Exposed Why Hyperscaler AI Spending Keeps Going Up (24/7 Wall St.)
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Meta's (NASDAQ:META) Chief Financial Officer, Susan Li, said in the earnings call that they anticipate 2026 capital expenditures “…to be in the range of $125-145 billion, increased from our prior range of $115-135 billion.” Wall Street punished the stock for this level of spending, arguing that Meta Platforms was leaning too heavily into data centers and ... Money Pit? Zuckerberg Just Exposed Why Hyperscaler AI Spending Keeps Going Up...
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15.05.26 - 14:06
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′I didn′t want to be the guinea pig′: inside tech′s AI-fueled manager purge (The Guardian)
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Tech workers say AI-driven restructurings are eroding mentorship, support and paths to promotion across Silicon ValleyAs tech companies pour billions into artificial intelligence bets and slash their workforces, middle managers are squarely in the crosshairs.A trend is emerging: when tech CEOs announce that AI is making it possible to do more with fewer workers, they promise to flatten their structures by cutting away what they call unnecessary management layers and bureaucracy. Just last week, the cryptocurrency exchange Coinbase laid off 14% of its workforce while gesturing to the thrill of AI-fueled, minimal-management efficiency. In doing so, it joined companies including Amazon, Block and Meta that in the last year have laid off tens of thousands of employees with a specific focus on removing management layers. Continue reading......
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