Meta faces $310B market value drop on legal, AI concerns
Shares of the Facebook and Instagram parent are down 19% this month going into this week, putting them on pace for their worst performance since October 2022.
Technology
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IBJ Podcast: What are the opportunities for humans as AI impacts workforce?
Jamie Merisotis, CEO of Lumina Foundation, says we need to focus on how we can complement AI and excel at work best handled with human skills as the technology encroaches on even the C-suite.
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Eli Lilly begins using ‘mind-blowing’ LillyPod supercomputer at Indy campus
LillyPod, which occupies 30,000 square feet in a room the size of a football field, is capable of crunching massive amounts of data at high speeds and is expected to help the Lilly discover and develop drugs at a faster pace.
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Audio engineer works on Olympic telecasts without leaving Indianapolis studio
Brice Bowman adds the finishing touches to features that take viewers “up close and personal” to Olympic athletes.
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Defense Department turns to startup to meet growing quantum computing needs
Lafayette-based Quantum Research Sciences develops software for quantum computers so large they fill up a room, just like the IBM mainframes from the 1950s and 1960s.
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Articles
Iran conflict raises cyberattack risk, experts say
International conflicts in the physical world can lead to a spike in cyberattacks — both on government entities and on private companies that don’t necessarily have any connection to the conflict itself.
Billionaires following Musk’s lead to make human labor obsolete
At least three different firms have made new forays into advanced robotics this month — including Amazon and Nvidia.
Clear strikes deal to bring identify verification service to Indianapolis airport
The opt-in subscription service first launched in Orlando and Denver in 2010 and is now available at more than 60 U.S. airports.
That 1% incentive to encourage data center approvals? Final deal watered it down
Private meetings between legislators and lobbyists for data center companies resulted in rewritten incentive provisions that were not reviewed in public and were inserted in the final bill.
Verdicts against Meta, YouTube reshape legal protections for Big Tech
There are thousands more cases waiting to be heard, with young internet users, parents, school districts and state attorneys general all seeking compensation and changes to how social media services operate.
Jury finds Instagram and YouTube liable in landmark social media addiction trial
The multimillion-dollar verdict will grow, as the jury decided the companies acted with malice, or highly egregious conduct, meaning they will hear new evidence shortly and head back into the deliberation room to decide on punitive damages.
As jury finds Meta platforms harm children, social media firms await more legal decisions
A jury in New Mexico found on Tuesday that the social media giant’s platforms are harmful to children’s mental health and imposed a $375 million penalty.
OpenAI Foundation pledges $1B in grants to ensure AI ‘benefits all of humanity’
The nonprofit that controls the artificial intelligence company OpenAI and its flagship product ChatGPT pledged Tuesday to build up its capacity as a philanthropic funder.
In this Final Four matchup, analytics reach another level
The Men’s Final Four Analytics Challenge enables Hoosier undergraduate and graduate students to apply data science and machine learning to real-world challenges.
White House urges Congress to take light touch on AI regulations in new legislative blueprint
The legislative blueprint outlines a half-dozen guiding principles for lawmakers, focusing on protecting children, preventing electricity costs from surging, respecting intellectual property rights, preventing censorship and educating Americans on using the technology.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A daunting stream of testimony and evidence has been presented over seven weeks in a New Mexico case that explores what social media conglomerate Meta knew about the effects of its platforms on children.
Metropolitan Development Commission approves $4B data center plan over resident objections
Seattle-based Sabey Corp. plans to build the facility on 130 acres near the northeast corner of Kentucky Avenue and Camby Road on the far-southwest side of the city.
Are boomers the real iPad babies?
Research shows social media use is growing among people 65 and older — and some of their children and grandchildren are worried they’re slipping quietly into screen addiction.
Indianapolis-based freight service company sues former chief strategy officer
The company accuses the employee of breaching his employment agreement by working for a competitor and soliciting customers and an employee to join him.
Researchers predict jobs that are most threatened by AI and who might be able to adapt
History shows that economists and researchers have been terrible at predicting the effects of new technologies on work and workers, so take forecasts seriously but not literally.
Lawyers in landmark social media addiction trial make final appeals to jury
The case has been selected as a bellwether trial, meaning its outcome could impact how thousands of similar lawsuits against social media companies are likely to play out.
Purdue’s president: Universities must adjust to the new realities of AI
Speakers at IBJ’s Technology Power Breakfast, including Purdue University President Mung Chiang, talked about the changes that artificial intelligence is bringing and what people can do to be ready.
Central Indiana officials meet for ‘long overdue’ data center discussion
Mayors, city councilors, utility leaders and economic development experts from around central Indiana gathered Wednesday to discuss more coordination involving the boom in data center development.
Carmel tech firm sues IEDC, others over alleged IP theft
DynamoEdge’s core product uses 5G technology to analyze real-time data to anticipate problems before they occur.