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Meta's board signals 'recurring' failures in election content moderation
The oversight board for social media giant Meta said Tuesday it found "recurrent enforcement failures" in content moderation related to the US midterm elections and Brazil's presidential election. The identified failures were often cases of "over-enforcement that suppresses political speech, and under-enforcement that undermines electoral integrity," said the board, which independently checks moderation on Meta's Instagram, WhatsApp and Facebook platforms.

Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows
The cuts are part of an effort to build "a stronger performance culture" and address situations where the company "has consistently fallen short of expectations," Amon said.

Ahead of massive IPOs, AI companies are sketching plans to share their wealth
On Sunday, Anthropic said it would commit 5% of its shares to the Anthropic Public Benefit Fund, a new entity within the company, pending approval from stockholders. The stake could increase "as the company grows" in the future. The maker of AI assistant Claude said the fund "might explore" larger donations to traditional nonprofits or potentially distribute money to "specific populations."

Anthropic recorded net loss of over $80 billion in first half of this year
The company generated $16.3 billion in revenue during the six months ended June 30, compared with $1.1 billion in the corresponding period a year earlier, the newspaper reported. The loss largely reflected accounting adjustments related to financing agreements, including $72 billion in charges linked to changes in the value of convertible notes and other financial instruments.

Netflix issues weak fourth-quarter forecast, shares drop
Third-quarter revenue rose 11.8% to $12.87 billion, in line with Wall Street forecasts, but the lowest rate of increase in nearly three years. The company forecast fourth-quarter net income of $2.79 billion and EPS of 67 cents, below the average analyst forecast of $3.07 billion and 73 cents.


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