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⏱What can your palm purchase?
AI laws, and Netflix woes
Good morning everyone! We hope you’re ready to have a great Thursday—go crush the day!
Earlier this week, the EU officially proposed a ban on both police use of facial recognition software, and certain kinds of AI systems. If passed, it would easily become the most restrictive legislation on advanced technology in the world. Plus, it has huge monetary implications, as fines could be levied against violators to the tune of 6% of their global revenue. The AI bans would include standards for use in situations such as college admissions, critical infrastructure, and loan applications. Not everyone agrees though—Benjamin Mueller, a senior policy analyst at the Center for Data Innovation said, “It’s going to make it prohibitively expensive or even technologically infeasible to build AI in Europe.”
0:35- Netflix is chilling
In its earnings report after market close on Tuesday, Netflix told investors that its subscriber growth for Q1 2021 had been much weaker than expected with only four million users added, compared to the six million that had been projected. CEO Reed Hastings described the situation as a “...little wobbly right now,” as the stock crashed down double digits after hours. As of market close on Wednesday, $NFLX was still down more than 7% from Tuesday’s close.
0:56- Miami goes high speed
Formula announced this week that they would be adding a new race in Miami beginning in 2022. This new track will weave through the streets of the Magic City, and around Hard Rock Stadium. Development of the new track went through 70 different iterations before landing on a 19 turn circuit with the start/finish line on the northern side of Hard Rock Stadium’s northern face.
Whole Foods has announced that they’re launching a new palm reading system at one of its flagship stores in Seattle this week, with plans to bring the system to an additional seven new stores in the coming months. This feature is called “Amazon One”, and will allow users to link their palms to their Amazon accounts so they can pay for groceries by simply waving their hand over a scanner. So far, “thousands” of people have already signed up.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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