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Big tech giants could be held to account for vaccine misinformation

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Social media giants are about to be held to account for vaccine misinformation

As COVID-19 cases see a rise in the US, Democratic senators are planning to introduce a new bill that would hold social media giants accountable for public health misinformation.

The new bill would strip away Facebook and other social media platforms’ Section 230 liability shield if they promote harmful public health misinformation.

The Health Misinformation Act, introduced by Senator Amy Klobuchar and Ben Ray Luján would create a carveout in Section 230 of the Communications Decency Act and make social media platforms like Facebook accountable for hosting some dangerous health misinformation.

The bill directs the Health and Human Services secretary to issue clear guidlines on what exactly is “health misinformation.”

Basically, the new rules would only apply in situations where online misinformation is related to an existing public health emergency like the ongoing coronavirus pandemic.

How does it work? – It would only open a platform up to liability if the content is being algorithmically amplified, not through “a neutral mechanism, such as through the use of “chronological functionality.”

“For far too long, online platforms have not done enough to protect the health of Americans.”

Senator Klobuchar in a statement said “The coronavirus pandemic has shown us how lethal misinformation can be and it is our responsibility to take action.”

Section 230 protects platforms from liability for illegal content hosted on their platforms — but misinformation is not illegal in itself.

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Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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