Once seen by politicians as a tool to tackle issues, Capitol Hill is finding out that technology could be a double-edged sword with unintended consequences. Cecilia Kang, National Technology Correspondent at The New York Times, joined to take a closer look at the crossroads between politics and Silicon Valley.
Kang discussed why the Democrats became sour on Silicon Valley. She said the 2016 election was the start of a journey for the Democratic party to evaluate the role of technology companies in the spread of information. Kang added that they wanted to investigate whether social media companies were good or potentially harmful for democracy. When the shock wore off from the election results, they wanted to look into what was behind the outcome.
Are Democrats just trying to find something else to blame for election results they aren’t happy with? Kang pointed out that social media companies themselves have acknowledged that they did play a role in the election. This is evident in the newsfeed algorithm changes implemented by Facebook. The company is now placing a heavier emphasis on content from friends and family opposed to content from publishers.
Microsoft has announced that it's hired Sam Altman and another co-founder of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world.
Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board.
