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Voters cast ballots on election day at the Fairfax County Government Center polling location in Fairfax, Virginia, on November 2, 2021.

Andrew Caballero-Reynolds | AFP | Getty Images

Social media platforms including Meta’s Facebook and Instagram, Twitter, TikTok and Google’s YouTube are readying themselves for another heated Election Day this week.

The companies now regularly come under close scrutiny around election time, something that accelerated following findings that Russian agents used social media to sow division in the run-up to the 2016 election. During the last presidential election in 2020, the platforms faced the challenge of moderating election denialism as an outgoing president stoked the false claims himself, leading several of them to at least temporarily suspend him after the Jan. 6 insurrection.

This year, the platforms are using all of those experiences to prepare for threats to democracy and safety as voters decide who will represent them in Congress, governor’s offices and state legislatures.

Here’s how all the major platforms are planning to police their services on Election Day.

Meta

Onur Dogman | Lightrocket | Getty Images

Meta’s Facebook has been one of the most scrutinized platforms when it comes to misinformation. In response to years of criticism, it has bolstered its approach to election integrity. It’s said it will use many of the same policies and safeguards this year that it had in 2020.

Meta has stood up its Elections Operations Center, which it likened to a command center, to bring together different teams throughout the company to monitor and quickly address threats they see on the platform. It’s used this model dozens of times worldwide since 2018.

Facebook and Instagram also share reliable information with users about how to vote (including in languages other than English). The company said it’s already sent more than 80 million election notifications this year on the two platforms.

The company uses third-party fact-checkers to help label false posts so they can be demoted in the algorithm before they go viral. Meta said it’s investing an additional $5 million in fact-checking and media literacy efforts before Election Day.

Meta said it’s prepared to seek out threats and coordinated harassment against election officials and poll workers, who were the subject of misinformation campaigns and threats during the last election.

The company is once again banning new political ads in the week before the election, as it did in 2020. While ads submitted before the blackout period can still run, political advertisers have expressed frustration about the policy since it’s often helpful to respond to last-minute attacks and polling with fresh messaging. Facebook already has extra screening for those who sign up as political advertisers and maintains information about political ads in a database available to the public.

Meta has pledged to remove posts that seek to suppress voting, like misinformation about how and when to vote. It also said it would reject ads that discourage voting or question the legitimacy of the upcoming election.

In a study by New York University’s Cybersecurity for Democracy and international NGO Global Witness testing election integrity ad screens across social media platforms, the groups found Facebook was mostly successful in blocking ads they submitted with election disinformation. Still, 20% to 50% of the ads tested were approved, depending on what language they were in and whether they were submitted from inside or outside the U.S.

The researchers also violated Facebook’s policies about who is allowed to place ads, with one of the test accounts placing ads from the U.K. The researchers also did not go through Facebook’s authorization process, which is supposed to provide extra scrutiny for political advertisers.

The researchers did not run the ads once they were approved, so it’s not clear whether Facebook would have blocked them during that step.

A Meta spokesperson said in a statement published with the study that it was “based on a very small sample of ads, and are not representative given the number of political ads we review daily across the world.”

“We invest significant resources to protect elections, from our industry-leading transparency efforts to our enforcement of strict protocols on ads about social issues, elections, or politics – and we will continue to do so,” a Meta spokesperson said in a statement to CNBC. The New York Times first reported the statement.

TikTok

TikTok owner ByteDance has launched a women’s fashion website called If Yooou. Pinduoduo launched an e-commerce site in the U.S. called Temu. The two companies are the latest Chinese tech giants to look to crack the international e-commerce market domianted by Amazon.

Mike Kemp | In Pictures | Getty Images

TikTok has become an increasingly important platform for all sorts of discussion, but it’s tried to keep its service at arm’s length from the most heated political discussions.

TikTok does not allow political ads and has stated its desire for the service to be “a fun, positive and joyful experience.”

“TikTok is first and foremost an entertainment platform,” the company said in a September blog post. It added that it wants to “foster and promote a positive environment that brings people together, not divide them.”

Still, the NYU and Global Witness study found TikTok performed the worst out of the platforms it tested in blocking election-related misinformation in ads. Only one ad it submitted in both English and Spanish falsely claiming Covid vaccines were required to vote was rejected, while ads promoting the wrong date for the election or encouraging voters to vote twice were approved.

TikTok did not provide a comment on the report but told the researchers in a statement that it values “feedback from NGOs, academics, and other experts which helps us continually strengthen our processes and policies.”

The service said that while it doesn’t “proactively encourage politicians or political parties to join TikTok,” it welcomes them to do so. The company announced in September that it would try out mandatory verification for government, politician and political party accounts in the U.S. through the midterms and disable those types of accounts from running ads.

TikTok said it would allow those accounts to run ads in limited circumstances, like public health and safety campaigns, but that they’d have to work with a TikTok representative to do so.

TikTok also barred these accounts from other ways to make money on the platform, like through tipping and e-commerce. Politician and political party accounts are also not allowed to solicit campaign donations on their pages.

TikTok has said it’s committed to stemming the spread of misinformation, including by working with experts to strengthen its policies and outside fact-checkers to verify election-related posts.

It’s also sought to build on its experiences from the last election, like by surfacing its election center with information about how to vote earlier in the cycle. It’s also tried to do more to educate creators on the platform about what kinds of paid partnerships are and are not allowed and how to disclose them.

Twitter

A video grab taken from a video posted on the Twitter account of billionaire Tesla chief Elon Musk on October 26, 2022 shows himself carrying a sink as he enters the Twitter headquarters in San Francisco. Elon Musk changed his Twitter profile to “Chief Twit” and posted video of himself walking into the social network’s California headquarters carrying a sink, days before his contentious takeover of the company must be finalized.

– | Afp | Getty Images

Twitter is in a unique position this Election Day, after billionaire Elon Musk bought the platform and took it private less than a couple weeks before voters headed to the polls.

Musk has expressed a desire to loosen Twitter’s content moderation policies. He’s said decisions on whether to reinstate banned users, a group that includes former President Donald Trump, would take a few weeks at least.

But shortly after the deal, Bloomberg reported the team responsible for content moderation lost access to some of their tools. Twitter’s head of safety and integrity, Yoel Roth, characterized that move as a normal measure for a recently acquired company to take and said Twitter’s rules were still being enforced at scale.

But the timing shortly before the election is particularly stark. Musk said teams would have access to all the necessary tools by the end of the week before the election, according to a civil society group leader who was on a call with Musk earlier in the week.

Before Musk’s takeover, Twitter laid out its election integrity plans in an August blog post. Those included activating its civic integrity policy, which allows it to label and demote misleading information about the election, sharing “prebunks,” or proactively debunked false claims about the election, and surfacing relevant news and voting information in a dedicated tab. Twitter has not allowed political ads since 2019.

Google/YouTube

People walk past a billboard advertisement for YouTube on September 27, 2019 in Berlin, Germany.

Sean Gallup | Getty Images

Google and its video platform YouTube are also important platforms outside of Facebook where advertisers seek to get their campaign messages out.

The platforms require advertisers running election messages to become verified and disclose the ad’s backing. Political ads, including information on how much money was behind them and how much they were viewed, are included in the company’s transparency report.

Prior to the last election, Google made it so users could no longer be targeted quite as narrowly with political ads, limiting targeting to certain general demographic categories.

The NYU and Global Witness study found YouTube performed the best out of the platforms it tested in blocking ads with election misinformation. The site ultimately blocked all the misinformation-packed ads the researchers submitted through an account that hadn’t gone through its advertiser verification process. The platform also blocked the YouTube channel hosting the ads, though a Google Ads account remained active.

Like other platforms, Google and YouTube highlight authoritative sources and information on the election high up in related searches. The company said it would remove content violating its policies by misleading about the voting process or encouraging interference with the democratic process.

YouTube also has sought to help users learn how to spot manipulative messages on their own using education content.

Google said it’s helped train campaign and election officials on security practices.

Clarification: This story has been updated to clarify that Meta’s statement on the study was first reported by The New York Times.

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Technology

AI chipmaker Cerebras withdraws IPO

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AI chipmaker Cerebras withdraws IPO

AI chipmaker Cerebras pulls IPO after raising $1 billion

Artificial intelligence chipmaker Cerebras Systems said on Friday that it’s withdrawing plans for an IPO, days after announcing that it raised over $1 billion in a fundraising round.

In a filing with the SEC, Cerebras said it does not intend to conduct a proposed offering “at this time,” but didn’t provide a reason. A spokesperson told CNBC on Friday that the company still hopes to go public as soon as possible.

Cerebras filed for an IPO just over a year ago, as it was ramping up to take on Nvidia in an effort to create processors for running generative AI models. The filing revealed a heavy reliance on a single customer in the United Arab Emirates, Microsoft-backed G42, which is also a Cerebras investor.

In its prospectus, Cerebras said it had given voluntary notice to the Committee on Foreign Investment in the United States about selling shares to G42. In March, the company announced that the committee had provided clearance.

Since its initial filing to go public on the Nasdaq, Cerebras has shifted its focus away from selling systems and more toward providing a cloud service for accepting incoming queries to models that use its chips underneath.

The announced withdrawal comes three days into a U.S. government shutdown that’s left agencies like the SEC operating with a small staff. In a plan for a shutdown published in August, the SEC said its electronic system EDGAR “is operated pursuant to a contract and thus will remain fully functional as long as funding for the contractor remains available through permitted means.”

On Tuesday, Cerebras said it had raised $1.1 billion at a valuation of $8.1 billion in a private funding round. At the time, CEO Andrew Feldman said that the company still wanted to go public, rather than continue to raise venture capital.

“I don’t think this is an indication of a preference for one or the other,” he told CNBC in an interview. “I think we have tremendous opportunities in front of us, and I think it’s good practice, when you have enormous opportunities, not to let them fall by the wayside for lack of capital.”

Feldman thought the original prospectus from last year was out of date, especially considering developments in AI, the spokesperson said on Friday.

Well heeled technology companies have been quickly signing up for additional infrastructure to handle demand. On Tuesday CoreWeave, which rents out Nvidia chips through a cloud service, said it had signed a $14.2 billion agreement with Meta. ChatGPT operator OpenAI said last week that it had committed to spending $300 billion on cloud services from Oracle.

The government shutdown did not factor into Cerebras’ decision, the spokesperson said.

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Technology

Amazon shutters 4 Fresh stores in Southern California as grocery strategy keeps shifting

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Amazon shutters 4 Fresh stores in Southern California as grocery strategy keeps shifting

An employee arranges a salad dressing display at an Amazon Fresh grocery store on December 12, 2024 in Federal Way, Washington.

David Ryder | Getty Images

Amazon is closing four more Fresh supermarkets in Southern California as the e-commerce giant continues to focus its grocery strategy around Whole Foods and delivery.

The closures will take place in the coming weeks, Amazon confirmed to CNBC. They follow the shuttering of four other U.S. locations in recent months, in Washington, Virginia, New York and a Los Angeles suburb.

“Certain locations work better than others, and after an assessment, we’ve made the decision to close these Amazon Fresh locations,” Amazon spokesperson Griffin Buch said in a statement. “We’re working closely with affected employees to help them find new roles within Amazon wherever possible.”

At one Fresh supermarket in La Verne, California, employees were told to gather for an all-hands meeting on Wednesday, according to an internal message viewed by CNBC. They learned at the meeting that the store would close in mid-November, and that employees would receive a severance package, according to a person familiar with the matter who asked not to be named because the details were confidential.

The other three stores that are closing are in cities of Mission Viejo, La Habra and Whittier.

Last week, Amazon said it intends to close 14 Fresh grocery stores in the U.K. and convert its five other locations there into Whole Foods markets.

Amazon said it regularly evaluates its store portfolio, which can lead to opening, reopening, relocating or closing certain locations. In the U.S., the company has more than 60 remaining Fresh stores. Last year, the company removed its “Just Walk Out” cashierless technology from the stores. It’s also been culling its footprint of Go cashierless convenience stores.

Amazon has been determined to become a major grocery player for nearly two decades. The company launched Amazon Fresh in 2007, then a pilot project for fresh food delivery, before acquiring upscale chain Whole Foods for $13.7 billion in 2017, its biggest purchase on record.

Amazon debuted its Fresh grocery chain in 2020, with an eye toward mass-market shoppers. The rollout has been turbulent since its early days.

The company opened a flurry of Fresh locations by 2022, but the expansion plans ran into CEO Andy Jassy’s widespread cost-cutting efforts as the company reckoned with the impact of rising interest rates and soaring inflation. In 2023, Amazon announced it would shut some Fresh stores and halt further openings temporarily as it evaluated how to make the chain stand out for shoppers.

While it’s closing Fresh stores, Amazon continues to “innovate and invest in making grocery shopping easier, faster, and more affordable,” Buch said. The company still maintains 500 Whole Foods locations and has opened mini “daily shop” Whole Foods stores in New York City.

On Wednesday, Amazon also launched a new “price-conscious” grocery brand that will be offered online and in its physical stores. And last month, Amazon expanded same-day delivery of fresh foods to more pockets of the U.S.

Jassy and other company executives have touted the success of sales of “everyday essentials” within its online grocery business, which refers to items such as canned goods, paper towels, dish soap and snacks. Jassy told investors at the company’s annual shareholder meeting in May that he remains “bullish” on grocery, calling it a “significant business” for Amazon.

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Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here’s what’s driving the big move

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Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here's what's driving the big move

Inside Google’s quantum computing lab in Santa Barbara, California.

CNBC

Quantum computing stocks are wrapping up a big week of double-digit gains.

Shares of Rigetti Computing, D-Wave Quantum and Quantum Computing have surged more than 20%. Rigetti and D-Wave Quantum have more than doubled and tripled, respectively, since the start of the year. Arqit Quantum skyrocketed more than 32% this week.

The jump in shares followed a wave of positive news in the quantum space.

Rigetti said it had purchase orders totalling $5.7 million for two of its 9-qubit Novera quantum computing systems. The owner of drugmaker Novo Nordisk and the Danish government also invested 300 million euros in a quantum venture fund.

In a blog post earlier this week, Nvidia also highlighted accelerated computing, which it argues can make “quantum computing breakthroughs of today and tomorrow possible.”

Investors have piled into quantum computing technology this year, as tech giants Microsoft, Nvidia and Amazon have embraced the technology with a wave of new chip announcements, multi-million dollar investments and research plans.

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