Connect with us

Published

on

Sebastien Bozon | AFP | Getty Images

LONDON — The U.K. officially brought its sweeping online safety law into force on Monday, paving the way for stricter supervision of harmful content online and potentially massive fines for technology giants like Meta, Google and TikTok.

Ofcom, the British media and telecommunications watchdog, published its first-edition codes of practice and guidance for tech firms laying out what they should be doing to tackle illegal harms such as terror, hate, fraud and child sexual abuse on their platforms.

The measures form the first set of duties imposed by the regulator under the Online Safety Act, a sweeping law requiring tech platforms to do more to combat illegal content online.

The Online Safety Act imposes certain so-called “duties of care” on these tech firms to ensure they take responsibility for harmful content uploaded and spread on their platforms.

Though the act passed into law in October 2023, it was not yet fully in force — but Monday’s development effectively marks the official entry into force of the safety duties.

Ofcom said that tech platforms will have until March 16, 2025 to complete illegal harms risk assessments, effectively giving them three months to bring their platforms into compliance with the rules.

Once that deadline passes, platforms must start implementing measures to prevent illegal harms risks, including better moderation, easier reporting and built-in safety tests, Ofcom said.

“We’ll be watching the industry closely to ensure firms match up to the strict safety standards set for them under our first codes and guidance, with further requirements to follow swiftly in the first half of next year,” Ofcom Chief Executive Melanie Dawes said in a statement Monday.

Risk of huge fines, service suspensions

Under the first-edition code, reporting and complaint functions must be easier to find and use. For high-risk platforms, firms will be required to use a technology called hash-matching to detect and remove child sexual abuse material (CSAM).

Hash-matching tools link known images of CSAM from police databases to encrypted digital fingerprints known as “hashes” for each piece of content to help social media sites’ automated filtering systems recognize and remove them.

Ofcom stressed that the codes published Monday were only the first set of codes and that the regulator would look to consult on additional codes in spring 2025, including blocking accounts found to have shared CSAM content and enabling the use of AI to tackle illegal harms.

“Ofcom’s illegal content codes are a material step change in online safety meaning that from March, platforms will have to proactively take down terrorist material, child and intimate image abuse, and a host of other illegal content, bridging the gap between the laws which protect us in the offline and the online world,” British Technology Minister Peter Kyle said in a statement Monday.

“If platforms fail to step up the regulator has my backing to use its full powers, including issuing fines and asking the courts to block access to sites,” Kyle added.

Continue Reading

Technology

Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal

Published

on

By

Joby lawsuit accuses air taxi rival Archer of using stolen information to 'one-up' deal

An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023.

Roselle Chen | Reuters

Air taxi maker Joby Aviation in a new lawsuit accused competitor Archer Aviation of using stolen information by a former employee to “one-up” a partnership deal with a real estate developer.

“This is corporate espionage, planned and premeditated,” Joby said in the lawsuit filed Wednesday in a California Superior Court in Santa Cruz, where the company is based.

Archer and Joby did not immediately respond to CNBC’s request for comment.

The lawsuit alleges that former U.S. state and local policy lead, George Kivork, downloaded dozens of files and sent some content to his personal email two days before he resigned in July to take a job at Archer, which had recruited him.

By August, Joby said a partner that worked with Kivork said it had been approached by Archer with a “more lucrative deal.” Joby alleges that the eVTOL rival’s understanding of “highly confidential” details helped it leverage negotiations.

Joby also said the developer attempted to terminate the agreement, citing a breach of confidentiality.

Read more CNBC tech news

Kivork refused to return the files when Joby approached him after conducting an investigation, according to the suit. The company also said Archer denied wrongdoing, and would not disclose how it learned about the terms of the agreement or provide results from an internal investigation it allegedly undertook.

The lawsuit comes during a busy period for electric vertical takeoff and landing (eVTOL) technology as companies race to gain Federal Aviation Administration certification to start flying commercially. ‘

The sector has also benefitted from President Donald Trump‘s newly minted eVTOL pilot program.

Joby argued in the complaint that it’s “imperative” to protect Joby’s work “from this type of espionage” to promote the sector’s success and ensure fair competition.

Last week, Joby said it completed its first test flight for a hybrid aircraft it’s working on with defense contractor L3Harris. This month, Amazon-backed Beta Technologies, another electric flight company, also went public on the New York Stock Exchange.

Joby shares have more than doubled over the last year, while Archer is up about 68%.

In August 2023, Archer settled a previous legal dispute with Boeing-owned Wisk Aero over the alleged theft of trade secrets. As part of the deal, Archer agreed to use Wisk as its autonomous tech partner.

A hearing is scheduled for March 20, 2026.

Stock Chart IconStock chart icon

hide content

Joby and Archer year-to-date stock chart.

Continue Reading

Technology

Jobs data muddies the picture for a December rate cut, while the Nvidia rally fizzles

Published

on

By

Jobs data muddies the picture for a December rate cut, while the Nvidia rally fizzles

Continue Reading

Technology

Bitcoin falls to lowest level since April

Published

on

By

Bitcoin falls to lowest level since April

Andriy Onufriyenko | Moment | Getty Images

Bitcoin dropped on Thursday to levels not seen in more than six months, as investors appeared to pull back exposure to riskier assets and weighed the prospects of another Federal Reserve rate cut next month.

The flagship digital currency fell to as low as $86,325.81, its lowest level since April 21. It last traded at $86,690.11.

The release of stronger-than-expected U.S. jobs data raised questions about whether the central bank would lower its benchmark overnight rate. The U.S. economy added 119,000 in September, well above the 50,000 economists polled by Dow Jones expected.

That report sent the probability of a December rate cut to around 40%, according to the CME Group’s FedWatch tool.

Bitcoin’s pullback formed part of a broader cryptocurrency market decline. XRP was last down 2.3% on the day, and is below $2.00, while ether shed more than 3% to trade well below $3,000. Dogecoin was unchanged.

The world’s oldest crypto also led stocks lower, even after a blockbuster Nvidia earnings report. Traders who are heavily invested in AI-related stocks tend to also hold bitcoin, linking the two trades.

Bitcoin’s price has largely slid since a rash of cascading liquidations of highly leveraged crypto positions in early October.

Continue Reading

Trending