OpenAI announces $110bn funding round that would value firm at $840bn

OpenAI said on Friday it is raising $110bn in a blockbuster funding round that would value the ChatGPT maker at $840bn, in a deal that signals the feverish pace of investment in artificial intelligence.It’s more than double the amount the company raised last year, when it racked up $40bn in the largest private tech deal on record.This year’s funding round, which is still open, includes a $30bn investment from SoftBank, $30bn from Nvidia, and $50bn from Amazon, and comes ahead of the AI startup’s expected mega-IPO later this year. Even more investors are expected to join.“We’re super excited about this deal,” OpenAI CEO Sam Altman told CNBC on Friday

Instagram to alert parents if teens repeatedly search self-harm terms

Instagram will start alerting parents if their kids repeatedly search for terms clearly associated with suicide or self-harm.The announcement on Thursday comes as Instagram’s parent company, Meta, is in the midst of two trials over harms to children.A trial under way in Los Angeles questions whether Meta’s platforms deliberately addict and harm minors. Another in New Mexico seeks to determine whether Meta failed to protect kids from sexual exploitation on its platforms.The alerts will only go to parents who are enrolled in Instagram’s parental supervision program

Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

Fintech company Block announced that it would be laying off 4,000 of its 10,000 employees because of gains in AI productivity.“Intelligence tools have changed what it means to build and run a company,” Jack Dorsey, Block’s CEO, said in a letter to shareholders on Thursday. “We’re already seeing it internally. A significantly smaller team, using the tools we’re building, can do more and do it better. And intelligence tool capabilities are compounding faster every week

Woman at heart of US trial says she was addicted to social media at age six

The young woman at the heart of the landmark trial about the addictive nature of social media testified for the first time on Thursday, saying she got hooked on YouTube starting at age six and Instagram at nine. By the time she was 10, she said, she had become depressed and was engaging in self-harm.The woman, who is now 20 and known by her initials KGM, is the lead plaintiff in an expansive lawsuit against YouTube and Meta, which owns Instagram and Facebook. The crux of the case alleges social media companies intentionally create addictive products, leading to mental health issues in young people.KGM testified on Thursday that her use of social media made her anxious and insecure, and features like beauty filters distorted her self-image

Riaz Hasan obituary

My father, Riaz Hasan, who has died aged 87, was a water resources engineer with a distinguished career working across 40 countries – in the 1970s with the British firm Halcrow and, from the 80s, at the UN and the World Bank.Originally from Hyderabad, Riaz arrived in the UK in 1965 with £3 and an A–Z, invited, like many engineers in India at that time, by the government. After completing a master’s degree in water resources at Bradford University, where he developed a love of Yorkshire pudding and received his degree from Harold Wilson (which he described as a real privilege), he embarked on his career designing life-saving, long-term water and food solutions for the most vulnerable and those affected by war, famine and natural disasters.Born in the small town of Warangal, near Hyderabad, to Mohammed, an English professor, and his wife, Khadija, Riaz went to Nizam college. He did his engineering degree at Osmania University, graduating in 1960, then got his first job at the Central Water Power Commission (CWPC) in Delhi

Met police to pilot facial recognition identity checks, mayor confirms

Metropolitan police officers are to start scanning citizens’ faces using automated facial recognition technology to check their identities, in a move backed by the mayor of London but described as “alarming” by opponents.The pilot was revealed on Thursday when Sadiq Khan said 100 officers would use the roaming technology – commonly deployed on smartphones – for six months. The mayor was responding to questioning from an opposition politician amid rising concern about the rollout of AI-powered policing tools. The Met’s website still states it “does not presently use the so-called operator initiated facial recognition”.Face scanning has already been deployed by police with cameras on vans and in fixed locations including in Croydon, Manchester and South Wales