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New Zealand plans under-16 social-media bill with revenue-based penalties

New Zealand plans legislation to ban under-16s from social media, according to the Bloomberg summary. The proposed bill would require platforms deemed "high risk" to check users' ages. Platforms that do not comply could face penalties of up to 10% of global revenue. The proposal would place age-assurance obligations on affected social-media services as New Zealand seeks to limit online harm to children.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Manus parent says it raised more than $500 million

Butterfly Effect, the parent of AI agent startup Manus, says it raised more than $500 million in a funding round led by Boyu Capital and IDG Capital. The round is its first since Meta was forced to abandon its acquisition of Manu...

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Isomorphic Labs seeks funding at valuation of at least $40 billion

Isomorphic Labs is in early talks to raise new funds at a valuation of at least $40 billion, Bloomberg reported, citing people familiar with the effort. The startup uses AI for drug discovery and was spun out of Alphabet's Google ...

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Live Nation faces three class actions over customer data breach

Live Nation faces three class action lawsuits over a breach that exposed sensitive customer information, Digital Music News reported. The suits allege negligence in protecting personal information belonging to potentially thousand...

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Compromised Tensorlake npm release spreads credential-stealing worm

Tensorlake's npm package version 0.5.144 contained a credential-stealing worm that could spread through victims' package publishing accounts, Socket found. The package provides a TypeScript development kit for Tensorlake applicati...

The Hacker News