Meta oversight board reviews handling of AI-created celebrity porn

Meta oversight board reviews handling of AI-created celebrity porn

Meta Platforms’ Oversight Board is reviewing the company’s handling of sexually explicit AI-generated images of female celebrities on Facebook and Instagram. The board aims to evaluate Meta’s policies and enforcement practices around pornographic fakes created using artificial intelligence. The images were not named to prevent further harm, as advances in AI technology have made fake content indistinguishable from real content, leading to an increase in sexual fakes online. Elon Musk’s social media platform also faced challenges with controlling the spread of fake explicit images of Taylor Swift. Industry executives are calling for legislation to criminalize harmful “deep fakes.” One case involved an AI-generated image of a nude woman resembling a public figure from India on Instagram, while the other featured an AI-generated depiction of a nude woman resembling an American public figure on Facebook. Meta initially left up the image of the Indian woman but reversed course after the board selected it for review. Meta has pledged to implement the board’s decisions.

Morgan Stanley profit beats estimates with higher investment banking, wealth revenue

Morgan Stanley profit beats estimates with higher investment banking, wealth revenue

Morgan Stanley’s first-quarter profit beat estimates, fueled by a resurgence in investment banking and growth in wealth management. Investment banking revenue climbed 16% and fixed-income underwriting did well. The bank reported a profit of .02 per share, surpassing analysts’ estimates. Wealth management revenue rose to .9 billion, with new assets climbing to billion. The bank’s asset management unit is aiming to double its private credit portfolio to billion in the medium term.

Ottawa moves to raise inclusion rate on capital gains taxes in 2024 budget – BNN Bloomberg

Ottawa moves to raise inclusion rate on capital gains taxes in 2024 budget - BNN Bloomberg

The federal government announced intentions to raise the inclusion rate on capital gains taxes for corporations and individuals earning beyond a certain threshold, which will impact wealthy individuals who are benefiting from tax advantages not available to middle class Canadians, according to the Budget 2024.

Criteria of the residency through investment scheme

Criteria of the residency through investment scheme

The new permanent residency by investment program in Cyprus allows applicants to make investments in real estate, share capital of a company, or units of a collective investment organization. Applicants must also prove they have a secure annual income of at least €50,000. The program promotes foreign investments in Cyprus, supporting local businesses and regional development.

Lufthansa slashes 2024 outlook, citing strikes and capacity snags

Lufthansa slashes 2024 outlook, citing strikes and capacity snags

Lufthansa slashed its 2024 earnings outlook, expecting adjusted earnings before interest and taxes (EBIT) of 2.2 billion euros, down from a previous forecast of stable earnings compared to 2023. The airline reported a first-quarter loss of 849 million euros, with strikes impacting earnings by around 350 million euros. Lufthansa shares fell by more than 4 per cent to a five-month low.

Corona beer maker Constellation Brands forecasts annual profit above estimates

Corona beer maker Constellation Brands forecasts annual profit above estimates

Constellation Brands forecast annual profit above Wall Street expectations for 2025, with earnings per share expected to be in the range of .50 to .80.

European stocks gain, dollar strong as traders cut Fed easing bets

European stocks gain, dollar strong as traders cut Fed easing bets

European stocks were on track to outperform Wall Street on Friday due to high demand for exporter shares as major currencies in the continent dropped against a strong dollar.

Italian fashion designer Roberto Cavalli dies aged 83

Italian fashion designer Roberto Cavalli dies aged 83

Italian fashion designer Roberto Cavalli, known for his animal-print designs, has passed away at the age of 83 after being ill for some time. He is survived by his six children and partner Sandra Bergman Nilsson. Cavalli’s legacy remains an inspiration, as stated by the chief executive of Roberto Cavalli. The designer, known for his bright colors and patchwork effects, also had a nightclub in Milan and expanded into real estate. His funeral will be held in Florence on Monday.

Understanding ETF liquidity: Key factors to consider

Understanding ETF liquidity: Key factors to consider

Fact: ETF liquidity refers to the ease with which an exchange-traded fund (ETF) can be bought or sold on the market without significantly affecting its price.

JPMorgan profit rises 6% even as interest income forecast falls short of predictions

JPMorgan profit rises 6% even as interest income forecast falls short of predictions

JPMorgan Chase’s profit rose 6% in the first quarter, but its shares dropped due to the bank’s forecast for its income from interest payments coming in below analysts’ expectations.