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OpenAI CEO Proposes AI Regulation

He wasn’t wearing fur handcuffs, but it still seemed slightly kinky when OpenAI CEO Sam Altman begged the government to regulate him during Tuesday’s Senate hearing.  Charmed observers seem to have forgotten that most regulators are quickly captured by the industry they govern, and licensing requirements protect industry leaders from competition.  If you were in Altman’s shoes, you’d ask to be regulated, too.

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Meta Faces Class Action for Overcharging Facebook Advertisers

April 17, 2025

Remember the good old days, when lying was considered unacceptable? The folks at Iron Tribe Fitness, a South Carolina gym, are holding Meta to that forgotten standard in a class action suit alleging that Facebook overcharged advertisers as much as $4 billion by using one type of auction bidding process while claiming to use another.  Meta blames the error on a “software glitch” that began in 2013 and continued for at least four years.

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