Meta cash flow collapses as AI bill hits 5-billion

Meta cash flow collapses as AI bill hits $145-billion

Meta CEO Mark Zuckerberg. Carlos Barria/Reuters Meta Platforms reported a 91% plunge in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout amid an uncertain payoff. The Facebook and Instagram parent company reported free cash flow of US$784-million in the second quarter ended 30 June, down…

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Canada’s Bill C-36 tackles AI privacy. Is it enough? | Privacy News

Canada’s Bill C-36 tackles AI privacy. Is it enough? | Privacy News

Vancouver, Canada: In an era of artificial intelligence, deepfakes and data-driven decision-making, Canada is moving to revise its privacy laws through Bill C-36, the Protecting Privacy and Consumer Data Act. Announced in June, Bill C-36 is Canada’s first major overhaul of private-sector privacy legislation in more than 25 years. The bill explicitly recognises privacy as…

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Gambling Bill edges closer amid calls for crackdown

Gambling Bill edges closer amid calls for crackdown

The Department of Trade, Industry and Competition wants an updated National Gambling Bill in front of Cabinet this year. (Image created by GenAI) The National Gambling Amendment Bill – in the works since 2018 – is before Parliament to be finalised as the industry calls for urgent action rather than more talk about blocking illegal…

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ISP blocking sought as gambling Bill remains stalled

ISP blocking sought as gambling Bill remains stalled

ISPA argues that blocking IP addresses is technically challenging. (Graphic: Nicola Mawson | Magnific) Trade, industry and competition minister Parks Tau is reviving an eight-year-old Bill to strengthen the National Gambling Board (NGB). However, the Internet Service Providers’ Association (ISPA) is pushing back against a provision that would allow the state to block access to…

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New gambling bill in South Africa to crack down on online casinos

New gambling bill in South Africa to crack down on online casinos

Trade Minister Parks Tau has revealed that the National Gambling Policy Council (NGPC) is fast-tracking the development of a comprehensive new Bill designed to address escalating gambling challenges in South Africa, with a specific focus on the booming online gambling sector. Responding to parliamentary questions from RISE Mzansi MP Makashule Gana regarding the widespread prevalence…

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