FTC plans to hire child psychologist to guide internet rules
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The Federal Trade Commission plans to hire at least one child psychologist who can guide its work on internet regulation, Democratic Commissioner Alvaro Bedoya told The Record in an interview published Monday.
FTC Chair Lina Khan backs the plan, Bedoya told the outlet, adding that he hopes it can become a reality by next fall, though the commission does not yet have a firm timeline.
“Our plan is to hire one or more child psychologists to help us assess the mental health impacts of what children and young people do online,” FTC spokesperson Douglas Farrar told CNBC in a statement. “We are currently exploring next steps including how many to hire and when.”
The FTC’s plan is indicative of a broader push across the U.S. government, focusing on online protections for kids and teens. Federal and state lawmakers have proposed new legislation they believe will make the internet safer by mandating stronger age authentication or placing more responsibility on tech companies to design safe products for young users. The U.S. Surgeon General issued an advisory in May that young people’s social media use poses significant mental health risks.
Bedoya, who founded the Center on Privacy and Technology at the Georgetown University Law Center, said the plan is reflective of the FTC’s approach as “an expert agency through and through.” It follows the agency’s earlier decisions to add economists to its ranks of lawyers on staff and, later, technologists.
Bedoya told The Record that it’s “absolutely part of that tradition of systematically expanding our expertise.”
Bedoya envisions an in-house child psychologist to be a helpful resource for commissioners like himself.
“If I have an economic question, I’ve got 80 Ph.D. economists I can ask,” he told The Record. “If someone is making an allegation about mental health harms, I have no full-time staff who are experts in the psychology of it.”
While Bedoya said the FTC can already get advice from ad hoc consultants, hiring a child psychologist on staff “can send a strong signal to other law enforcement agencies in the U.S. by saying we need to have these folks in-house such that it’s a standing capacity.”
Those experts could bring important insights that can link a cause to an alleged harm and inform the appropriate damages the agency seeks, Bedoya said. He added that child psychologists could help the FTC evaluate allegations of how social media may affect mental health, as well as assess the effect of dark patterns or other deceptive features.
Bedoya said the initial hires would likely be “psychological scientists” or “social psychologists,” who conduct research rather than evaluate kids in a clinical setting. While he said he can’t “presuppose anything,” they’d likely work on investigations, strategy and possibly rulemaking.
Read the full interview at The Record.
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The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025.
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Shares of SoftBank Group plunged as much as 9.17% Wednesday, as technology stocks in Asia declined, tracking losses in U.S. peers overnight.
The Japanese tech-focused investment firm saw shares drop for a second consecutive session, following its announcement of a $2 billion investment in Intel. Intel shares rose 6.97% to close at $25.31 Tuesday stateside.
SoftBank Group shares
Other Japanese tech stocks also declined, with semiconductor giant Advantest falling as much as 6.27%. Meanwhile, shares in Renesas Electronics and Tokyo Electron were last seen trading 2.46% and 0.75% lower, respectively.
Technology companies in South Korea, Taiwan and Hong Kong, also fell after U.S. tech stocks dropped overnight spurred by declines in artificial intelligence darling Nvidia‘s shares.
U.S. Commerce Secretary Howard Lutnick is considering the federal government taking equity stakes in semiconductor companies that get funding under the CHIPS Act for building plants in the U.S, sources familiar with the matter told Reuters. The U.S. CHIPS and Science Act seeks to boost the country’s semiconductor industry, scientific research and innovation.
Shares of Taiwanese chip company TSMC and manufacturer Hon Hai Precision Industry — known globally as Foxconn — declined 1.69% and 2.16%, respectively. TSMC manufactures Nvidia’s high-performance graphics processing units that help power large language models, while Foxconn has a strategic partnership with Nvidia to build “AI factories.”
Meanwhile, South Korean tech stocks mostly fell with shares of chipmaker SK Hynix down 3.33%. Samsung Electronics, however, rose 0.75%.
TSMC, Samsung and SK Hynix are among companies that have received funding under the CHIPS Act.
Over in Hong Kong, the Hang Seng Tech index lost 0.87% in early trade.
The worst performing stocks on the index were Kuaishou Technology which declined 4.8%, JD Health International which dropped 3.31% and Horizon Robotics which lost 2.29%.
Losses were also seen tech majors Alibaba Group, down 1.44%, and Xiaomi Corp which lost 1.34%.
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Pennsylvania on July 15, 2025.
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Palantir‘s stock slumped more than 9% on Tuesday, falling for a fifth straight day to continue its pullback from all-time highs.
The artificial intelligence software provider’s stock has slid more than 15% over the last five trading sessions, after a stellar earnings report earlier this month propelled shares to all-time highs. The report was Palantir’s first-ever $1 billion revenue quarter.
Tuesday’s dip coincided with a broader market pullback.
Palantir is the most significant gainer to date in the S&P 500 in 2025, up more than 100%.
Shares have more than doubled as the company benefits from ongoing AI enthusiasm, scooping up government contracts with President Donald Trump pushing to overhaul agencies.
Palantir’s ascent has pushed the company into a list of top 10 U.S. tech firms and 20 most valuable U.S. companies, while also making shares incredibly expensive to own. Its forward price-to-earnings ratio, which tracks future earnings relative to share price, has soared past 245 times.
By comparison, technology giants such as Microsoft and Apple carry a P/E of nearly 30 times and rake in significantly greater quarterly revenues. Meta‘s and Alphabet‘s P/E ratios hover in the 20s.
Ali Ghodsi, CEO of Databricks speaks on CNBC.
CNBC
Databricks has just entered an exclusive club.
The data analytics software vendor said Tuesday that it’s raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance and OpenAI, according to data from CB Insights.
Databricks CEO Ali Ghodsi told CNBC’s Brian Sullivan that the total round will exceed $1 billion. The company was last valued by private investors at $62 billion in a $10 billion financing round late last year.
In June, Databricks executives told investors the company was forecasting $3.7 billion in annualized revenue by July, with 50% year-over-year growth.
Snowflake, one of Databricks’ top rivals, is expected to generate $4.5 billion in revenue for the fiscal year that ends in January, representing annual growth of 25%, according to LSEG. Snowflake currently has a market cap of about $65 billion. Other competitors include cloud providers such as Amazon and Microsoft, which are also Databricks partners.
Ghodsi said he heard from a lot of interested investors following Figma’s IPO late last month. Shares of the design software company more than tripled in their New York Stock Exchange debut, a sign that public investors are seeking out tech offerings after in extended lull in the IPO market.
“My phone was blowing up,” Ghodsi said on Tuesday. “So yes, there’s definitely been a big push from outside.”
Figma shares have since retreated from their initial $115.50 closing price. The stock is trading at about $70, still more than double the $33 IPO price.
Ghodsi said the round will help Databricks invest in products that clients can tap when using artificial intelligence models.
Founded in 2013 and based in San Francisco, Databricks ranked third on CNBC’s 2025 Disruptor 50 list. As of June, the company employed 8,000 people. Existing investors Andreessen Horowitz, Insight Partners Thrive Capital and WCM Investment Management are buying shares, a spokesperson said.
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