The US Supreme Court will hear a challenge on Wednesday regarding a Texas law that mandates adult websites verify the age of users before granting access to potentially harmful material. The law, which is part of a broader trend across Republican-led states, requires users to submit personal information proving they are at least 18 years old to access pornographic content. The case raises significant First Amendment concerns, as adult entertainment industry groups argue that the law unlawfully restricts free speech and exposes users to risks such as identity theft and data breaches.
The challengers, including the American Civil Liberties Union and the Free Speech Coalition, contend that alternative methods like content-filtering software could better protect minors without infringing on adults’ rights to access non-obscene material. Texas, however, defends the law, citing concerns over the ease with which minors can access explicit content online.
This case is significant because it will test the balance between state efforts to protect minors from explicit content and the constitutional rights of adults to access protected expression. If the Supreme Court upholds the law, it could set a precedent for similar age-verification measures across the US.
Polymarket, a cryptocurrency-based prediction market, has come under fire for alleged violations of Singapore’s strict gambling laws. Authorities blocked access to the platform, deeming it an unlicensed gambling site. Those who attempt to bypass restrictions risk hefty fines and jail time under the Gambling Control Act 2022.
Further criticism erupted as Polymarket allowed users to bet on tragic events like the devastating Palisades wildfire in Los Angeles. The platform’s wildfire-related betting markets have been widely condemned as unethical, with accusations of profiting from human suffering. Polymarket’s attempts to defend its actions have done little to appease public outrage.
Meanwhile, Polymarket faces intense scrutiny in the US. The FBI recently raided CEO Shayne Coplan’s residence, seizing electronic devices, while the CFTC subpoenaed Coinbase for information on the platform’s activities. Despite its rapid growth during the US elections, with record-breaking trading volumes, Polymarket now grapples with plummeting activity and mounting regulatory challenges.
Nvidia has made its first investment in a Taiwanese startup by backing MetAI, a company specialising in AI-powered digital twins. MetAI raised $4 million in a seed funding round that also attracted several strategic investors, including Kenmec Mechanical Engineering and SparkLabs Taiwan.
The startup focuses on creating ‘SimReady’ digital twins, converting CAD files into realistic 3D environments within minutes. These virtual replicas are essential for training robots and building autonomous systems before their real-world deployment. Nvidia views this as a critical step in advancing its industrial AI platform, Omniverse.
MetAI claims its technology significantly reduces the time needed to build virtual simulations, making AI-driven automation more efficient. With plans to expand into the US, the company is eyeing markets with high operational costs and a growing need for digital solutions. MetAI’s collaboration with Nvidia is expected to set new standards for industries such as manufacturing and robotics.
TikTok has reassured its 7,000 US employees that their jobs, pay, and benefits will remain secure even if the Supreme Court upholds a law requiring the sale or ban of the platform in the United States. In an internal memo seen by Reuters, the company emphasised its commitment to employee wellbeing and maintaining operations, despite the looming January 19 deadline for the law to take effect.
The law, passed in April, targets the US operations of TikTok, owned by China-based ByteDance, amid concerns over data security and national security. Although President-elect Donald Trump has called for an extension to seek a ‘political resolution,’ the Supreme Court appears inclined to uphold the legislation. If the court does not intervene, TikTok downloads from app stores will be banned, and the app’s functionality could degrade over time as companies are prohibited from supporting its services.
TikTok’s leadership stated that the law impacts only the US user experience, not the employment of its staff, and reaffirmed its dedication to protecting employees and the platform’s 170 million American users. ‘Our leadership team remains laser-focused on planning for various scenarios and navigating the path forward,’ the memo said.
For now, TikTok’s offices will remain open, and the company continues to explore strategies to adapt to the evolving situation while ensuring continuity for its employees and users.
Meta may be forced to halt or modify features in India after an antitrust ruling banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes. The Competition Commission of India (CCI) imposed a $24.5 million fine and a five-year ban on the practice, accusing the company of abusing its dominance and coercing WhatsApp users into accepting a 2021 privacy policy that allegedly expanded data sharing unfairly.
India, Meta’s largest market with over 500 million WhatsApp users and 350 million Facebook users, is crucial for the company’s operations. The data-sharing ban could impact Meta’s ability to offer personalised ads on Facebook and Instagram, the company said in its court filing. Meta argued that this restriction could harm businesses, such as fashion brands, that rely on personalised ads to connect with customers. The US firm also warned the ruling could threaten its commercial viability in the region.
Meta has publicly defended its 2021 policy changes but criticised the CCI’s decision in a 2,000-page tribunal appeal, claiming the watchdog lacks the technical expertise to assess the implications of its ruling. The Indian appeals tribunal is set to hear Meta’s case, with the possibility of pausing the CCI directive while the legal process unfolds.
This challenge in India adds to Meta’s global struggles, including prior accusations in the EU over unclear privacy policy changes. The CCI’s ruling now requires WhatsApp to give users the choice to opt out of data sharing with Meta, signaling a broader push for greater transparency and user control in data practices worldwide.
Brazilian neobank Nubank has introduced a fixed 4% annual return for users holding the USDC stablecoin in their crypto wallets. The largest digital bank in Latin America, which serves over 85 million customers across Brazil and 6 million in Mexico and Colombia, launched the feature after testing it with a select group of users.
To qualify for the return, customers need to hold a minimum of 10 USDC in their wallets, with returns credited daily. The feature can be activated or deactivated at any time through the Nubank app, and users can access their funds instantly. The neobank chose USDC for its growing popularity, with the stablecoin making up 30% of crypto users’ portfolios and more than half of new Nubank Crypto users selecting it as their first digital asset.
Nubank continues to expand its crypto offerings, including a recent addition of a crypto swap tool for trading popular digital assets like Bitcoin, Ethereum, Solana, and Uniswap for USDC. However, not all of the bank’s crypto initiatives have gone smoothly, as seen with the abrupt halt of its Nucoin token trading in September 2024 to protect users from market volatility.
ChatGPT is rolling out a new task-scheduling feature that allows paying users to set reminders and recurring requests directly with the AI assistant. Available to ChatGPT Plus, Team, and Pro users, the feature can handle practical tasks like sending reminders about passport expirations or offering personalised weekend plans based on the weather.
The task system represents OpenAI’s early venture into AI agents that can perform autonomous actions. Users can set tasks through ChatGPT’s web app by selecting the scheduling option from a dropdown menu. Once enabled, the assistant can deliver reminders or perform regular check-ins, such as providing daily news briefings or checking for concert tickets monthly.
While the feature currently offers limited independence, OpenAI sees it as a foundational step towards more capable AI systems. CEO Sam Altman hinted that 2025 will be a significant year for AI agents that may begin to handle more complex tasks, like booking travel or writing code. For now, ChatGPT’s task feature remains in beta, with plans to refine it based on user feedback.
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing him of delaying the disclosure of his 2022 Twitter stake, which violated federal securities laws. According to the complaint, Musk waited 11 days beyond the required 10-day window to reveal his 5% ownership of Twitter, enabling him to purchase over $500 million worth of shares at lower prices before disclosing his 9.2% stake on April 4, 2022. Twitter’s stock price surged by more than 27% following the announcement.
The SEC seeks civil penalties and a repayment of profits it claims Musk gained unfairly. Musk’s attorney, Alex Spiro, dismissed the lawsuit as a ‘sham,’ arguing it stems from a minor administrative oversight. Musk has previously clashed with the SEC, including a 2018 settlement over misleading tweets about taking Tesla private, which resulted in a $20 million fine and other conditions.
This lawsuit is the latest in a series of legal challenges Musk faces over his $44 billion purchase of Twitter, now rebranded as X. Musk, who is worth $417 billion, according to Forbes, has also been sued by former Twitter shareholders in Manhattan federal court for the delayed disclosure, which they claim caused them financial harm. The SEC’s action comes just days before Chair Gary Gensler’s scheduled departure, marking another chapter in Musk’s contentious history with the regulatory body.
The Bank of England (BoE) has announced plans to launch a new initiative called the “Digital Pound Lab” in 2025, aimed at testing the potential for a central bank digital currency (CBDC), commonly known as a digital pound. This sandbox project will focus on developing blockchain-powered payment systems and exploring use cases and business models for a digital currency. The BoE aims to collaborate with both local and international financial players to address challenges in the current payment ecosystem.
Despite the initiative, no final decision has been made regarding the introduction of a digital pound. The BoE’s report clarified that the central bank and HM Treasury will first work on developing a detailed policy and technology framework, based on feedback gathered during the design phase. The process could take several years before any conclusions are drawn.
The BoE has closed its previous Technology Forum to make way for the Digital Pound Lab, which will take a more active, hands-on approach to consulting with industry participants. However, even if the lab progresses, the digital pound would still require approval from the UK Parliament, followed by public consultation and legislation before any official rollout.
TikTok plans to disable its app for all US users on Sunday if the Supreme Court does not block a federal ban, according to a report by The Information. This action would go beyond the law’s requirement, which mandates a ban only on new downloads from Apple and Google app stores while allowing existing users to continue using the app temporarily.
Under TikTok’s plan, users attempting to access the app will be redirected to a website explaining the ban. The company also intends to allow users to download their data for future use. TikTok and its parent company ByteDance have yet to comment on these developments.
The ban stems from a law signed by President Joe Biden in April 2024, requiring ByteDance to sell its US assets by January 19, 2025, or face a nationwide ban. TikTok has challenged the law, arguing that it violates First Amendment protections. In a recent court filing, the company warned that a month-long ban could result in one-third of its 170 million US users leaving the platform permanently.
This potential shutdown reflects the escalating tensions surrounding TikTok’s operations in the United States, as debates over data security and free speech continue.
