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Data Sheet: Australian outrage

Dec 02, 2024 - fortune.com
The British media regulator Ofcom has found that Reddit is the fastest-growing social media platform in the UK, now used by most online adults. Meanwhile, Australia has banned all social media use by under-16s, a move that has sparked outrage among social media companies. In other news, Elon Musk has asked a Californian district court to stop OpenAI from carrying out activities he disapproves of, including its conversion from non-profit to for-profit.

The Canadian antitrust authority has sued Google over alleged anticompetitive practices in online advertising. Amazon has reportedly developed a new multimodal large language model, while Alibaba's Qwen AI team has produced a new "reasoning" model. Meta plans to wrap the world in a new fiber-optic subsea cable, with an initial budget of $2 billion. Other news includes Intel's $7.86 billion subsidy deal, Italian watchdog's warning to publisher GEDI against sharing data with OpenAI, and Amazon employees' rage-applying as its return-to-office mandate looms.

Key takeaways:

  • Reddit is the fastest-growing large social media platform in the U.K, according to a survey by British media regulator Ofcom.
  • Australia has banned all social media use by under-16s, a move that has sparked outrage among social media companies.
  • Elon Musk has asked a Californian district court to stop OpenAI from carrying out certain actions, including its conversion from non-profit to for-profit.
  • The Canadian antitrust authority has sued Google over alleged anticompetitive practices in online advertising, seeking divestment of its AdX ad exchange and DFP ad server, plus a fine of up to 3% of global revenues.
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