Tuesday’s Headlines: Facebook Is Preparing to Tackle Its Toxic Content Problem
1. Social media giant Facebook is showing no signs of slowing growth as it unveiled plans on Monday to hire another 1,000 people in the U.K by the end of 2020. London, where Facebook has over 3,000 employees, is home to the company’s largest software engineering hub outside the U.S, and a key focus of the growth plans will be boosting the company’s effort to tackle toxic content. Facebook said it would also look to further development in artificial intelligence, augmented and virtual reality and its messaging apps WhatsApp and Workplace, the latter of which is aimed at enterprises and considered a rival to Slack and Microsoft’s Teams app. Get the full report here.
2. Tesla blasted customer complaints that its cars may suddenly accelerate on their own Monday, calling the reports “completely false.” The complaints contained in the petition, when tallied, allege that the unintended acceleration of Tesla cars may have contributed to or caused 110 crashes and 52 injuries. Independent investor Brian Sparks, who told CNBC last week that he is currently shorting Tesla stock, submitted the petition to the National Highway Traffic Safety Administration, who will investigate the alleged defect which could affect up to 500,000 vehicles. Read the full story here.
3. The EU’s proposal for a temporary ban on facial-recognition technology won backing from Alphabet Chief Executive Sundar Pichai on Monday but got a cool response from Microsoft President Brad Smith. The European Commission is taking a tougher line on artificial intelligence than the United States and plans to strengthen existing regulations on privacy and data rights. While the Google chief firmly believes in the regulation of AI, Microsoft head Smith believes that regulation will limit the good that the technology could do. Read the complete story here.