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Facebook whistleblower to meet with oversight board

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The world’s biggest social media company has been under an intense spotlight in the last couple of weeks and now things are set to heat up even further

Facebook whistleblower Frances Haugen will meet with the company’s oversight board after the former employee revealed last week she was the person who provided documents used in a Wall Street Journal investigation and a Senate hearing on Instagram’s harm to teenage girls.

The Facebook oversight board is a unit set up by the social network to give independent verdicts on a small number of content decisions and it plans to meet with Ms Haugen within the coming weeks.

Ms Haugen will appear before the Online Safety Bill committee on 25 October.

The Facebook whistleblower will also meet with UK Parliament

Haugen, who accuses the technology giant of putting profit ahead of safety, will give evidence to the UK Parliament later this month in addition to her meeting with the Facebook oversight board.

Ms Haugen will appear before the Online Safety Bill committee on 25 October.

It is examining a law to impose obligations on social-media companies to protect users, especially children.

Ms Haugen alleges Facebook harms children’s mental health and stokes division in society.

Facebook firmly denies any such allegations, with boss Mark Zuckerberg labelling them “illogical”.

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Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.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