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AI boom risks widening wealth divide, says BlackRock’s Larry Fink

CEO of asset manager says only a few firms and investors may reap rewards from growth in the technologyThe boom in artificial intelligence risks widening inequality, with only a handful of companies and investors likely to reap its financial rewards, the BlackRock chief executive, Larry Fink, has warned.The boss of the $14tn (£10.4tn) asset manager […]

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Leonid Radvinsky, owner of OnlyFans, dies aged 43

Ukrainian-American billionaire who owned subscription service for adult content died of cancer, the company saysLeonid Radvinsky, the owner of OnlyFans, has died of cancer at the age of 43, the company announced on Monday.“We are deeply saddened ​to announce the death of Leo ​Radvinsky. Leo passed away peacefully after a ⁠long battle with cancer,” said

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World’s broadcasters urge EU to tighten rules for big tech in smart TV battle

Google, Amazon, Apple and Samsung control operating systems, allowing them to act as gatekeepers, letter claimsBusiness live – latest updatesThe world’s largest broadcasters have pushed for the EU to enforce its toughest regulations against virtual TVs and smart assistants built by Google, Amazon, Apple and Samsung.The call came in a letter from the Association of

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‘Kids say they take a quick look at TikTok’: a new kind of distracted driving is on the rise

As watching videos, using touchscreens, and even livestreaming behind the wheel become more common, experts warn of increased risk of crashes Jackie was on her way to a doctor’s appointment last fall when she realized her Uber driver’s eyes were not fully on the road. “He had a video playing on his phone and was

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Trump’s video game war: AI, memes and a simplistic narrative have flattened the conflict | Nesrine Malik in Iran

What was supposed to be a quick win has become a quagmire, so it now must be reduced to a dopamine hitThe war on Iran, even as it spreads and destabilises the Middle East and the global economy, is not real. This is how it is being portrayed by the Trump administration. The war is

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New crypto regulations likely to be big favor to the Trump family, industry insiders say

Regulators narrow securities definitions – a shift that could benefit Trump family’s crypto projectsSign up for the Breaking News US email to get newsletter alerts in your inboxOn Tuesday, major US financial regulators published rules for the cryptocurrency industry that may reduce regulatory requirements and that insiders believe will benefit the Trump family’s ventures.The Securities

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‘Thank God they’re still alive’: Kaiser therapists claim its new screening system puts patients at higher risk by delaying their care

Kaiser pushed back on striking workers’ claims and AI fears, saying it delivers ‘timely, high-quality care to meet members’ needs’Ilana Marcucci-Morris is worried about the patients she treats and how long it took for them to arrive in her office. At Kaiser Permanente’s psychiatry outpatient clinic in Oakland, California, she says she increasingly finds herself

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US man pleads guilty to defrauding music streamers out of millions using AI

Michael Smith, 52, charged after flooding platforms with thousands of AI songs and boosting them with botsA North Carolina man has pleaded guilty to defrauding music streaming platforms and his fellow musicians out of millions in royalties by flooding the services with thousands of AI-generated songs – and using automated “bots” to artificially boost the

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Thousands of people are selling their identities to train AI – but at what cost?

Gig AI trainers worldwide are selling moments of their lives, including calls and texts, to AI companies for quick cashOne morning last year, Jacobus Louw set out on his daily neighborhood walk to feed the seagulls he finds along the way. Except this time, he recorded several videos of his feet and the view as

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How the FBI can conduct mass surveillance – even without AI

Anthropic fought against the government’s misuse of its technology, but authorities are buying Americans’ data, enabling them to surveil citizens at scaleThe FBI declares it can conduct mass surveillance without AI, despite Anthropic’s protest.A central part of the standoff between Anthropic and the Department of Defense has revolved around the artificial intelligence firm’s refusal to

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