Wall Street Pioneer's AI Warning: "I thought we had more time..."

A radical new AI development is about to blindside millions of Americans. This early pioneer just issued an urgent warning explaining everything.

Spain's leader wants the EU to 'make social media great again.' Here's how

JOSEPH WILSON and JAMEY KEATEN
January 23, 2025

DAVOS, Switzerland (AP) -- Spanish Prime Minister Pedro Sánchez is launching a crusade against what he sees as the downsides of social media.

The Socialist leader wants the European Union, which already leads the world in internet regulation, to put additional checks on Elon Musk's X, trendsetting video app TikTok, and Meta's Facebook and Instagram for having, in his words, put participatory democracy and the mental health of users at risk.

"I believe social media are now a common resource for humanity, like the oceans, and they should be protected and managed accordingly," Sánchez said.

While attending the World Economic Forum in Davos, Switzerland, the prime minister on Wednesday laid out his vision for how the EU might "make social media great again." Here is what you need to know about his three-point plan:

Step 1: End user anonymity

Sánchez he would propose legislation aimed at ending anonymity for social media users when the EU's leaders meet in Brussels on March 20-21.

His idea is for each username to be a pseudonym that must be registered under a real identity with European authorities, using a "European digital identity wallet."

"This way citizens could use nicknames if they want, but in the case of a crime, public authorities would be able to connect those nicknames to real people and hold them responsible," he said.

Sánchez argued that "no one can send packages without showing an I.D. or buy a hunting weapon without giving their name, and yet we are allowing people to roam freely on social networks without linking their profiles to a real identity. This paves the way for misinformation, hate speech and cyber harassment because it is facilitating the use of bots and it is allowing people to act without being held accountable for their actions."

The proposal, however, clashes with longstanding demands of digital rights groups, which say that protection of online anonymity is important to protect freedom of speech and removing it could have a chilling effect. Such groups say anonymity is a cornerstone of online communications and a critical tool to challenge authority and express controversial opinions.

Step 2: More transparency for algorithms

Sánchez will urge European officials to apply the 27-nation bloc's Digital Services Act to "force open the black box of social media algorithms." The EU adopted the law in 2023 with the stated goal of keeping internet users safe online.

The Spanish leader says the EU also needs to reinforce the European Centre for Algorithm Transparency so it can "inspect the functioning of social networks without any limitations."

Tech companies might resist attempts by authorities to peek under their programming hoods, citing a desire to protect their intellectual property. But authorities on both sides of the Atlantic have made moves to investigate algorithms.

EU officials said last week that they ordered X to turn over more information as part of a Digital Services Act investigation into the social media platform, including on the algorithms used by its recommendationr system. Meanwhile, Missouri's attorney-general unveiled plans for new rules on algorithm transparency, including giving internet users a choice of the algorithms their social media platforms use.

Step 3: Hold tech CEOs responsible

The third plank of Sánchez's plan is for the EU to go right up to the top of the social media companies for any social ills produced by their platforms.

Sánchez said he recommends that "social media CEOs (be) held personally accountable for non-compliance with laws and norms in their platforms," describing such accountability as no different than what most business owners have for their products.

Britain has taken a similar step. Under online safety rules, senior managers at tech companies face criminal liability in certain situations, mainly for the relatively minor issue of failing to respond properly to information requests.

Why is Sánchez taking aim at social media?

Spain has joined governments around the world that are concerned with the impact of social media on children and teenagers. Spain has limited the use of mobile phones in schools, while Sánchez has decried what he calls an epidemic of online pornography that increasingly is reaching young children.

At Davos, the prime minister challenged the involvement of social media platform owners like Musk in politics. After helping to bankroll Donald Trump's candidacy to reclaim the U.S. presidency, the world's richest man has ventured into European politics.

Mark Zuckerberg, Meta's CEO and the founder of Facebook, also has sought Trump's approval. Meta has rolled back its content moderation, a move that critics say will let misinformation and online abuse spread unchecked.

"(The) owners of the big social media consoles, a small group of techno billionaires ... are no longer satisfied with holding nearly total economic power," Sánchez said. "Now they also want political power in a way that is undermining our democratic institutions."

Sanchez's office said Thursday that it did not have details to share beyond the ones he outlined a day earlier.

Argentine President Javier Milei, who also was attending the Davos meeting and on Thursday gave a speech railing against what he described as the evils of "woke" progressive policies, panned Sánchez's proposal.

"I am not surprised that a Socialist like Sánchez wants to silence those who think differently," Milei told reporters after his speech.

___

Wilson reported from Barcelona, Spain. AP Technology Writer Kelvin Chan contributed from London.

Continue Reading...

Popular

A new deal will increase amount of liquefied natural gas delivered to Puerto Rico in face of outages

SAN JUAN, Puerto Rico (AP) — A new partnership between U.S. maritime company Crowley and Spain-based Naturgy Energy Group announced Tuesday is expected to increase the amount of liquified natural gas shipped to as it struggles with chronic .

Hollywood director arrested on charges of swindling Netflix out of $11M for a show that never aired

NEW YORK (AP) — A Hollywood writer-director was arrested Tuesday on charges that he swindled $11 million from Netflix for a sci-fi show that never aired, instead steering the cash toward cryptocurrency investments and a series of lavish purchases that included a fleet of Rolls-Royces and a Ferrari.

Steve Bannon Accidentally Revealed 'Secret' Trump Plan? - Ad

With one executive order, Trump could dismantle the rigged financial system--and return America to the gold standard. He's been stockpiling gold since 1974... should you? Discover the "Trump Loophole" to move funds from your IRA & 401(k) into gold--tax free!

Tesla Drops Nearly 5% As Mizuho Cuts Price Target To $430 — Peter Schiff Asks Why Is It 'Bad News'

Tesla Inc. shares plunged nearly 5% Monday after Mizuho analysts slashed their price target for the electric vehicle maker, prompting economist Peter Schiff to question the market's reaction.

Wall Street Legend Now Calling Exact Day Next Market Crash Will Start? - Ad

Perhaps no one on or off Wall Street has more accurate in calling the market turns of the past 7 years. From the bear markets of 2018 and 2022... to the roaring bull runs of 2021, 2023, and 2024. And now, Marc Chaikin is predicting the exact month (even the exact day!) the next crash is most likely to start--don't miss this huge and important new call.

Tesla's China Rival XPeng Delivers Over 91,500 EVs In Q4, Eyes Massive Growth In Q1

Chinese EV maker XPeng reported impressive fourth-quarter sales growth and aims to expand its market share in the Smart EV sector.

Boat tours and ash scatterings help beleaguered California salmon fleet stay afloat

William Smith has long fished the California coast for salmon, taking avid anglers out on his boat in hopes they'll get to wrestle with and reel in the prized catch.

Washington Won't Save You--but This 4-Step Plan Might - Ad

America's economy is unraveling--soaring costs, skyrocketing debt, and Wall Street insiders dumping stocks. This isn't a recession--it's an economic breakdown. Stocks could crash 50%, real estate 40%, and inflation will eat your savings. But history shows: the biggest crashes create the biggest fortunes--if you act now!

Canada incoming PM says he'll keep tariffs in place until US shows respect and commits to free trade

TORONTO (AP) — Incoming said Tuesday that his government will keep tariffs in place until Americans show respect and commit to free trade after U.S. President Donald Trump threatened historic financial devastation for Canada.

Tesla's 101x Valuation Raises Alarm As Gordon Johnson Warns Of Sales Slump, Dan Ives Sees AI Upside Despite Elon Musk's DOGE Distractions

Tesla Inc. continues trading at 101 times its 2025 estimated non-GAAP earnings while key metrics decline, prompting GLJ Research's Gordon Johnson to sound alarm on Monday as tech stocks face a significant market correction.

Forget Nvidia - This Odd Tariff Play Is Now Going Viral - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

Merck Plans Regulatory Submission For Two-Drug Regime For HIV Infection By Mid-2025

Merck's DOR/ISL met primary efficacy and safety goals in two Phase 3 HIV trials. Marketing applications are planned for mid-2025.

Trump Organization Sues Capital One Over Alleged Political Bias in Account Closures, Eric Trump Leads Charge

The Trump Organization has launched a lawsuit against Capital One, alleging that the bank closed hundreds of Trump-linked accounts for politically motivated reasons.

Trump's Secret Plan to Reboot the Dollar Leaked? - Ad

Steve Bannon let slip 3 shocking words--and Wall Street panicked. According to Bannon, President Trump is poised to restore the gold standard, reset the dollar, and send gold soaring. Position yourself before it's too late! Claim your free 2025 Gold Guide and discover the Trump Loophole to move funds from your IRA & 401(k) into gold--tax-free!

Analyst Sees Wendy's Playing Catch-Up, Needs Stronger Focus on Tech, Talent & Global Expansion

J.P. Morgan analyst Rahul Krotthapalli maintains a Neutral rating on Wendy's with a $17 price target. Despite its strong U.S. presence, Wendy's faces a sub-1x sales/investment ratio.

Meet the federal worker who went rogue: I hope that it lights a fire under people

NEW YORK (AP) — To billionaire Elon Musk and his cost-cutting team at the Department of Government Efficiency, Karen Ortiz may just be one of many faceless bureaucrats. But to some of her colleagues, she is giving a voice to those who feel they can't speak out.

Claim the "No.1 Coin of 2025" Before March 24th - Ad

After spotting 44 different coins that have returned over 100%...Chris Rowe is now exposing the details behind the "Superpower Coin"... that's partnered with 19 of the largest companies from some of the world's largest superpower nations... A little-known 3-cent coin that is poised to outperform Bitcoin in 2025... starting on March 24th.

Asian shares slip as investors brace for further uncertainty over tariffs, await US jobs report

BANGKOK (AP) — Asian shares were mostly lower on Friday, with Tokyo’s benchmark down more than $2 after a on Wall Street.

The 2025 'Trump Shock' [401K Owners Stunned] - Ad

Trump's Gold Reset? A massive dollar overhaul could be coming! Insiders say Trump may return America to the gold standard--sending gold prices soaring. He's been stockpiling gold for decades... should you? Discover how to legally move funds from your IRA & 401(k) into gold tax-free!

What makes Greenland a strategic prize at a time of rising tensions? And why now?

NUUK, Greenland (AP) — When U.S. President Donald Trump first suggested in 2019, people thought it was just a joke. No one is laughing now.

Canada Claps Back At 'Unjustified' Trump Tariffs On Dairy, Lumber

Canada's Trade Minister Mary Ng called the potential dairy tariffs "completely unjustified" and emphasized efforts to remove existing tariffs.

Man Who Predicted 2008 Crash Issues Dire Warning: "Get Out of Stocks Now" - Ad

Tech stocks are tanking--Nvidia down 30%, Tesla 50%--and ex-Wall Street CEO Dylan Jovine says it's about to get worse. He predicted the 2008 crash & made 700% gains while the market collapsed. Now, he's moving millions into a billionaire safe haven--and revealing his 4-step strategy. Don't wait!

Which US companies are pulling back on diversity initiatives?

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020.

Intel Beats Investor Lawsuit After $32 Billion Stock Plunge - Judge Rules Foundry Losses Weren't Misleading

Intel secured a legal victory after a U.S. judge dismissed a shareholder lawsuit alleging the company misled investors about foundry losses, which contributed to a $32 billion stock plunge.

Three New Patents Reveal Elon and Trump's Secret "Project America" - Ad

Three patents could help President Trump and Elon Musk completely revolutionize a $23 Trillion market. This revolution is about so much more than just self-driving cars. Instead, what Elon's pivoting Tesla towards... Is a market that's 1,000X BIGGER. But a project THIS big can't stay under the radar for long...

COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks

JP Morgan analyst lowers COPT Defense Properties' price target to $29, citing risks from budget cuts, Space Command HQ uncertainty, and slow data center growth.

Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion

Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion.

Warning: What They Haven't Told You (Yet) About the 2025 Selloffs - Ad

In light of massive recent selloffs... Stansberry Research has issued a new warning for the public. Their latest research shows the real truth about the 2025 tariff selloffs is much bigger -- and much worse -- than the public realizes. They say unless you take the right steps now... You could soon see your wealth cut in half.

Albania shuts down TikTok for a year amid concerns over violence among children

TIRANA, Albania (AP) — The Albanian Cabinet decided on Thursday to shut down for 12 months, blaming the popular video-sharing platform for inciting violence and bullying, especially among children.

What's Going On With Gap Stock Friday?

Gap stock is trading higher on Friday after the company reported fourth-quarter earnings on Thursday after the market closed.

DOGE's Next Target Set To Hand 401K Savers A Windfall? - Ad

Musk's Department of Government Efficiency has already uncovered $55B in waste--and Trump's backing his plan to return $2T in savings to taxpayers. But why wait? Unlock a legal Trump IRS loophole to protect & grow your wealth NOW!

Explainer: What's a recession and why is rising anxiety about it roiling markets?

WASHINGTON (AP) — Stock markets , consumers and businesses have started to , and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession.

Why should America worry about Trump? Try the price of eggs, say some Democrats

NEW YORK (AP) — As their party struggles to navigate the early days of Donald Trump's second presidency, some Democrats are convinced that their road to recovery lies in the price of eggs.

Warning: China Launches AI Attack on America - Ad

China just launched what can only be described as an AI attack on America. And according to Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... President Trump is already planning a counter attack. And it's creating an incredible opportunity for you in this small group of AI stocks.

Fashion trends for fall: Big shoulders, even bigger coats and a color story to dye for

PARIS (AP) — Paris has spoken, and fashion’s final authority has laid down the law: This coming fall, it’s all about power shoulders, enveloping outerwear, and a color palette that runs from somber to surreal.

Tesla Out, Ford In: City Of Baltimore Goes 'In A Different Direction' Reversing EV Deal From 2024

Tesla is losing an EV city fleet deal in Baltimore to Ford. A look at what happened and how politics may have factored into the decision.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Tesla Chair Robyn Denholm Sells Over $30 Million Worth Of Stock As Automaker Grapples With Macroeconomic Uncertainties, Increased Competitive Heat

Tesla Inc. Chair Robyn Denholm has sold approximately $33.7 million worth of the electric vehicle maker's stock, according to a filing with the U.S. Securities and Exchange Commission on Monday. The sale involved 112,390 shares, the same amount she offloaded last month for gross proceeds of around $43.2 million.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service