Addicted to You

Like Glue

A cluster of US states, with California and New York leading the charge, have slapped Meta Platforms Inc. with a legal scolding. Their beef? Accusing the tech giant of playing puppet master with the emotions of youngsters and cooking up features on Instagram and Facebook that get kids hooked, all while contributing to the youth's mental health roller coaster.

In this courtroom drama, 33 states filed a lawsuit in sunny California, asserting that Meta has a habit of swiping data from kids under 13 without their parents' permission, a big no-no in federal law. Folks in the know suggest that having a treasure trove of information about the little ones makes it a whole lot easier to get them hooked on their product. On top of that, nine attorneys general from various states are also joining the legal fight, making it a grand total of 41 states and Washington, D.C. saying, "Enough is enough!"

Better Safe Than Sorry

In the realm of tech worries, a few AI bigwigs have sounded the alarm bells. They're saying that today's AI systems are like wild horses showing off their potential to eventually become fully autonomous, capable of setting goals and taking action. To combat this digital rebellion, they suggest policies for AI babysitting. This includes making sure AI models tattle on themselves when they misbehave, setting up roadblocks to stop rogue models from multiplying like rabbits, and handing regulators a "pause" button for those unruly AI models.

However, not everyone in the AI club is convinced that the robot apocalypse is nigh. Some argue that we're getting all worked up over nothing. But there's a harsh reality check here: there are more rules governing sandwich shops than the companies crafting our AI future, and that's a pretty troubling sandwich indeed.

Helios = Trustworthy

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🗞️ Cheers to ensuring you're in the know with the freshest news of the week:

• Weight loss drugs are cashing in. 💉 

• Bobi, the world's longest-lived dog, enjoyed a remarkable 31 years of life! 🐕️ 

• Hello Bello goes bankrupt. 🍼 

• GM changes profit predictions now that workers are on strike. 🚘️ 

See you next week!

Best regards,

Jessica Steward

Product Lead, Earnings Polygraph™

Finance Fact of the Week: A single US dollar bill has a weight of 1 gram, and it takes 454 bills to amount to one pound in weight.

Today’s Earnings Calls

1. Meta Platforms, Inc.

2. T-Mobile US, Inc.

3. Boeing Company

4. Hess Corporation

5. Moody’s Corporation

6. CME Group

About Helios

Helios Life Enterprises is a trailblazer in the realm of voice-based tonal analytics, spearheading futuristic advancements in this field. As the sole company to conceive and engineer an exclusive data platform, Helios offers cutting-edge systematic analytics of an executive’s voice during critical corporate events. These advanced analytics have the power to forecast future stock performance and volatility. To delve deeper into our visionary solutions, book a meeting with a member of the Helios team.