Latest news with #techgiants
The Verge
4 days ago
- Health
- The Verge
Nebraska to adopt law aimed at curbing kids' time online
Nebraska Governor Jim Pillen has signed a bill that cracks down on social platforms' features that could keep kids online for longer. Under the Age-Appropriate Online Design Code Act (LB504), major platforms must let users choose to see a chronological feed, rather than one provided by a recommendation algorithm, which experts have found could negatively affect children's mental health and development. In addition to pausing potentially disruptive notifications at nighttime and during school days, platforms must offer users the option to voluntarily limit how much time they spend on the services. Online services are required to let users limit certain categories of content from getting recommended, too. The law also places several limitations on user tracking and requires platforms to apply strict privacy settings to users identified as minors by default. These settings allow platforms to only collect the 'minimum' amount of data from young users, block targeted advertising, and limit the use of dark patterns. Though California and Maryland have passed similar laws, NetChoice is fighting them in court over claims they violate the First Amendment. NetChoice is a technology trade group that includes Meta, Google, Amazon, Reddit, X, Snap, and other tech giants. In February, NetChoice sued Maryland to block its Age-Appropriate Design Code Act, while a judge sided with NetChoice in a ruling that blocked California's version of the rule in March. Amy Bos, NetChoice's director of state and federal affairs, wrote in a letter to Governor Pillen that Nebraska's design code law could impose age verification requirements 'on most websites available to Nebraska users, including news sites, popular blogs, and certain online retailers,' potentially posing a security risk. Bos also argues that tracking requirements conflict with existing requirements under the Children's Online Privacy Protection Act (COPPA). NetChoice similarly believes that Nebraska's design code law violates the First Amendment, though this particular bill doesn't include limits on the types of content children can access. States that have more recently introduced design code laws have overhauled the legislation in an attempt to harden it against potential lawsuits from such trade groups and companies. Nebraska's design code law goes into effect on January 1st, 2026. Companies that violate the law could face an up to $50,000 fine for each violation starting July 1st, 2026.
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Travel + Leisure
6 days ago
- Business
- Travel + Leisure
This City Was Named the World's Fastest-growing Wealth Hub With 156 Centimillionaires and 22 Billionaires
Shenzhen, China, is the fastest-growing wealth hub in the world. The Asian city is home to 50,800 millionaires, 156 centimillionaires, and 22 billionaires. A U.S. city is in second place, having experienced a 125 percent growth in millionaires over the last decade. Eight U.S. cities made the ranking. The top 5 include spots in India, the U.S., and China. Henley & Partners, a company helping people understand their options for residence and citizenship by investment released its World Wealthiest Cities Report. The report is published in partnership with global wealth intelligence firm New World Wealth, which tracks global wealth migration, With all of its combined data, the two companies created several lists, including the most expensive cities in the world and the wealthiest cities in the world. It also identified which destination is the fastest-growing wealth hub on the planet—and that honor went to Shenzhen, China. "Asia's top tech hub, Shenzhen, is the base city for global tech giants Huawei, Tencent, BYD, DJI, and ZTE and has experienced especially strong wealth growth over the past 20 years," Andrew Amoils, head of research at New World Wealth, explained. "It is now arguably the world's leading city in a number of key tech sub-sectors including computer hardware, electric vehicles, Wi-Fi dongles, mobile phones, flying drones, 5G, energy units, and electronics." The report indicates that the southeastern Chinese city has over 17 million residents, including 22 billionaires, 156 centimillionaires, and over 50,000 millionaires. However, Shenzhen is not the only city making waves. According to the findings, Scottsdale, Arizona, is the No. 2 fastest-growing hub in the world. It experienced a 125 percent growth in millionaires over the last decade. The city now boasts 14,800 millionaires, 64 centimillionaires, and five billionaires. Last year, Scottsdale was recognized as the best golf city in America, featuring an impressive 53 golf courses. Rounding out the top five global wealth hubs are Bengaluru, India, in third, followed by West Palm Beach, Florida, and Hangzhou, China. "Three other American cities—Miami, whose residents enjoy Florida's low state taxes, Washington D.C., and Austin, Texas, dubbed 'Silicon Hills' have also seen notably high growth between 2014 and 2024," the findings showed, showcasing that the U.S. still has what it takes to be on the global wealth stage. See the complete findings at
Yahoo
24-05-2025
- Business
- Yahoo
Elon Musk Says The Idea Of Creating A Phone Makes Him 'Want To Die' But He Will If There's A Need — Although He's 'Got A Lot Of Fish To Fry'
It's not every day a billionaire says a product idea makes him "want to die." But leave it to Elon Musk to put a stake in the smartphone hype—while still keeping one hand on the shovel. At a Pennsylvania town hall in October, someone cut straight to the point: "I want to know when the X phone's coming out." Musk didn't hesitate. "Man, I sure hope we don't have to make a phone. That's a lot of work," he said. "The idea of making a phone makes me want to die. But if we have to make a phone, we will. But we will aspire not to make a phone." Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. The crowd laughed. Musk didn't. He made it clear this wasn't about competition—it was about pressure. Specifically, pressure from tech giants like Apple and Google. "They need to make sure they don't have a heavy hand in the App Store... or they will create a forcing function for there to be a competitor." This wasn't the first time Musk toyed with the idea. Back in November 2023 at the New York Times DealBook Summit, he gave the same energy when asked if he'd ever make a phone—especially as rumors swirled about OpenAI CEO Sam Altman teaming up with legendary Apple designer Jony Ive on a sleek AI-powered device. "I don't think there's a real need to make a phone," Musk told Times journalist and CNBC host Andrew Ross Sorkin. "If there's an essential need to make a phone, I'll make a phone. But I've got a lot of fish to fry." Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — And if you're wondering what a Musk-designed phone might look like? Don't. He's already mentally past it. "You've got basically a black rectangle. How do you make that better?" His answer: skip the screen altogether. When asked what the future of communication looks like in his head, he pointed there literally. "Yeah, good phrase—in the head. A Neuralink." "The best interface would be a neural interface directly to your brain. So that would be a Neuralink." So no, Musk doesn't want to build a phone. He thinks it's a "black rectangle" dead-end. He'd rather hook your brain up to a chip than join the smartphone war. But if Apple picks a fight? He'll sigh. He'll grumble. And then—he just might build it. Read Next: The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Elon Musk Says The Idea Of Creating A Phone Makes Him 'Want To Die' But He Will If There's A Need — Although He's 'Got A Lot Of Fish To Fry' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
ABC News
24-05-2025
- Business
- ABC News
Trump threatens tech giant Apple and European Union with new tariffs
Donald Trump takes aim at tech giant Apple and Europe with new tariffs on iPhones and goods entering the US.
CNA
21-05-2025
- Business
- CNA
Indonesia's antitrust body looking into risks from reported Grab-GoTo merger
JAKARTA :Indonesia's antitrust agency has started research aimed at identifying risks from a possible merger between tech giants Grab and GoTo, its head said on Wednesday. Muhammad Fanshurullah Asa in a statement said the agency would be able to conduct a thorough review once the merger takes place and both companies give notification of such action. The two firms have yet to confirm merger plans officially but the possibility of such a move has been widely reported in recent months. Sources with knowledge of the matter last week said the two firms were looking to strike a deal within the second quarter.
