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'Social Media on Steroids.' Advocates for Children Call for Guardrails Around AI

—Olga Pankova—Getty Images

“We are living through the greatest transformation that we have seen in our lifetimes, and likely for a significant time before that,” two-time Surgeon General Vivek Murthy told an audience at New York City’s flagship public library on Oct. 28, comparing the advent of artificial intelligence to the advent of nuclear weaponry in terms of the need for carefully thought out safety standards. “We're at a branch point,” he added. “What should the future really look like, what are we trying to protect and preserve?”

Murthy was not alone in sounding the alarm. Jim Steyer, founder and CEO of Common Sense Media, the organizer of the conference, told the mostly supportive crowd that recent history had proved that the industry leaders or, as he called them “tech broligarchs,” could not be relied upon to create digital information systems that were safe or healthy for children. “We did not get out in front of social media in time,” he told the gathering. “This is the moment. AI is a bigger deal. It's basically social media on steroids.” 

New York’s governor Kathy Hochul seemed to underscore the point when she made an unscheduled stop at the daylong summit to announce new regulations around chatbots interactions with children. The bill was designed to ensure that AI agents do not impersonate humans or communicate in a way that suggests they have a relationship with a child. “It's happening so quickly,” said Hochul of the technological changes. “It's almost impossible for parents to know what's going on, for elected officials to stay ahead of it, and we certainly have learned the lesson that we can't count on the companies to put out products that are responsible and that put children first.”

Specifically, the new law, which goes into effect in January, will ban chatbots from encouraging suicide, self-harm, secrecy, or isolation and from discouraging children to seek help from other humans. They will also be banned from engaging in sexually explicit interactions and restricted from using a child’s past personal or health information in later conversations.

For the attendees and speakers at the summit, who ranged from Chelsea Clinton and Columbia law professor Tim Wu (onstage) to Uma Thurman (in the audience), the announcement was a good start, although many bemoaned the lack of federal regulation, around both AI and social media. “To this day, 2026, our federal government and Congress has still—nearly a quarter century after the advent of social media—failed to announce anything to protect our kids,” said Murthy, who is now chair of the advisory board of Common Sense Media’s Youth AI Safety Institute, which studies, tests, and rates AI platforms for children. 

Panelists called for a range of protective and preventative remedies for what they described as the coming tsunami of AI, including requiring more data transparency from tech companies by enabling regulatory agencies and researchers to get more access to the information they’re holding, using consumer-protection laws to ensure that AI models have been rigorously tested for potential negative outcomes, adopting the European model of not allowing AI companies to deploy their platforms until they have proved they are safe, or even instituting criminal penalties for AI companies who unleash unsafe technologies. “As a former prosecutor, I can tell you one thing,” said New Mexico Attorney General Raúl Torrez, who earlier this month won a $25 billion judgment against Meta. “When you bring out handcuffs, suddenly everything changes.”

Not all the issues around AI can be solved by the law, however. One concern is the socialization of very young children by AI, including via voice-activated assistants like Alexa or very agreeable AI-enabled toys. “What do kids start to learn to expect from social practice? Do they expect someone to always agree with them? Is it always easy? Is it always like a transaction?” asked Dana Suskind, an early-childhood expert and professor at the University of Chicago. Human relationships are a lot messier, she noted. “They're chaotic, and that sort of mess is where a lot of learning happens.” Parents, who were caught off-guard by the influence of social media and digital devices, need to be educated about AI and encouraged that their imperfect parenting, as well as other human interaction, is vastly more beneficial to children than an AI companion, she said.

The summit also touched on the enormous implications AI is having on education and students’ ability to work and learn, when answers are in such ready supply. “MIT just did a report saying every assignment at MIT could be done by generative AI,” said John King, a former U.S. Secretary of Education and current chancellor of State University in New York. King is considering major changes to student assessment. “We have to make sure we are seeing the students do the work, and we have to make sure they're getting those foundational skills,” he said. “It literally means every faculty member reassessing what they assign and how they measure student learning.” And, as Clinton pointed out, this is an equity issue too. “We know that in families with less than $30,000 of household income, teenagers are three times more likely to either largely or entirely do their homework through artificial intelligence than those households with family incomes of $75,000 or more,” she said. 

At the same time, students need to be prepared to enter a workforce in which AI skills are not optional. For those who have mastered them, the future is very bright. “The people coming in learn much more rapidly because AI gives them more capacity than they've had before,” said Gene Sykes, chairman of global mergers and acquisitions at Goldman Sachs of the banking giant’s new recruits. “So somebody, within a month, can be doing incredibly productive work.” If good education in AI is distributed unevenly, some graduates will be vastly better prepared for a career than others, further exacerbating wealth inequities.

While there was little consensus on the immediate steps to take as AI arrives, there was no argument that it will be consequential for children, families, and generations to come. “As we go into this age of transformation,” Murthy noted, “the question forced upon us is the following: What aspects of human existence do we want to protect and preserve at all costs?” 

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Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports

Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enough

A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly $1tn in value off the tech-heavy Nasdaq exchange in one week and erased about $2tn in a month.

The S&P 500, the index of the 500 most valuable companies in the US, fell by more than 1% Friday, losing hundreds of billions of dollars in market value. It was on track to erase its gain for October, even though it set its all-time high during the same month. The weakness for technology stocks dragged the Nasdaq composite down even further, more than 3%, also erasing hundreds of billions in value. The Dow Jones Industrial Average fell less.

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© Photograph: Brendan McDermid/Reuters

© Photograph: Brendan McDermid/Reuters

© Photograph: Brendan McDermid/Reuters

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Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports

Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enough

A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly $1tn in value off the tech-heavy Nasdaq exchange in one week and erased about $2tn in a month.

The S&P 500, the index of the 500 most valuable companies in the US, fell by more than 1% Friday, losing hundreds of billions of dollars in market value. It was on track to erase its gain for October, even though it set its all-time high during the same month. The weakness for technology stocks dragged the Nasdaq composite down even further, more than 3%, also erasing hundreds of billions in value. The Dow Jones Industrial Average fell less.

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© Photograph: Brendan McDermid/Reuters

© Photograph: Brendan McDermid/Reuters

© Photograph: Brendan McDermid/Reuters

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Ousted 60 Minutes correspondent Cecilia Vega on overhaul at CBS News: ‘It hurts to watch’

Vega said she still doesn’t know why she was fired from the show, which has experienced a slump in ratings

Cecilia Vega, the 60 Minutes correspondent fired as part of a dramatic overhaul of the CBS News show this spring, said it “hurts” to see what has happened to the storied newsmagazine and other segments of the network, and repeated allegations that she was told to insert “factually untrue” information into her work.

“It pains me. It hurts to watch, from afar. It hurts to talk to my colleagues who are still there. It hurts to see the ratings slump that is happening right now,” Vega said during a Thursday evening talk for students at American University in Washington DC.

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© Photograph: Jemal Countess/Getty Images for Voto Latino

© Photograph: Jemal Countess/Getty Images for Voto Latino

© Photograph: Jemal Countess/Getty Images for Voto Latino

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Tell us: have you been affected by the Binance hack?

We’d like to hear from people who’ve been directly affected by the hack or now have concerns about crypto security

The world’s largest cryptocurrency exchange has been hit by an industry-record $6.3bn (£4.7bn) hack.

Binance has scrambled to freeze the affected assets, with about $3bn located so far. Co-founder Yi He said the company would cover “all hacking losses”. Analysts have attributed the attack to North Korean state backed hackers.

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© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

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Government corruption a top issue for US midterm voters, exclusive poll finds

Harris poll for Guardian finds 76% believe officials care more about self-enrichment than helping everyday Americans

Government corruption has emerged as a top issue in the upcoming US midterm elections, with an overwhelming majority of Americans saying US government officials use their public office for personal financial gain, according to an exclusive Harris poll for the Guardian.

Nearly nine out of 10 Americans said that government corruption, as defined as elected officials putting their own or their donors’ financial interests ahead of the public’s, is a problem, according to the survey.

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© Photograph: Cristóbal Herrera/EPA

© Photograph: Cristóbal Herrera/EPA

© Photograph: Cristóbal Herrera/EPA

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Britain’s blighted high streets will improve by next election, says Rayner

Housing secretary says Labour wants to reverse fortunes of towns plagued by boarded-up shops and rogue businesses

Angela Rayner has said voters will begin to see a difference in their high street before the next general election as Labour prioritises investment in struggling local communities.

The housing secretary said the government had made it a top priority before the country goes to the polls to begin turning around the fortunes of places blighted by boarded-up shops and rogue businesses.

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© Photograph: Manor Photography/Alamy

© Photograph: Manor Photography/Alamy

© Photograph: Manor Photography/Alamy

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UK house prices grow at slowest pace in two years as mortgage rates rise

Average price for property stands at £273,566 in October, flat on previous month, says Nationwide

UK house prices grew by an annual rate of just 0.5% in October, the slowest pace in more than two years, as higher mortgage rates put off potential buyers.

The average price for a property in the UK stood at £273,566 in October, flat on the previous month and down from 0.8% in the year to September, according to the lender Nationwide.

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© Photograph: scenicireland.com/Christopher Hill Photographic/Alamy

© Photograph: scenicireland.com/Christopher Hill Photographic/Alamy

© Photograph: scenicireland.com/Christopher Hill Photographic/Alamy

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BP profits hit ‘obscene’ 18-year high as Iran war drives up oil refining margins

Oil giant comes under fire from climate campaigners, as its earnings reach $8.46bn while ‘innocent civilians suffer’

BP’s quarterly profits have been labelled “obscene” after they hit an 18-year high of $8.46bn (£6.3bn), as the war in the Middle East drove up oil and gas prices.

The energy company hailed a “banner quarter” on Friday, with its underlying ​replacement ⁠cost profit – a key measure of its income – almost quadrupling in the three months to the end of September, from $2.2bn in the same period ​a year ​ago. The jump meant BP’s quarterly profits hit their highest level since the $8.9bn recorded in 2008.

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© Photograph: Luke MacGregor/Reuters

© Photograph: Luke MacGregor/Reuters

© Photograph: Luke MacGregor/Reuters

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BP profits hit 18-year high as Iran war drives up oil refining margins

Oil giant hails ‘banner quarter’ as earnings reach $8.46bn, prompting anger from climate campaigners

BP’s profits have hit their highest level in almost two decades as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.

The energy company hailed a “banner quarter” on Friday, with its underlying ​replacement ⁠cost profit – a key measure of its income – almost quadrupling to $8.46bn (£6.3bn), from $2.2bn ​a year ​ago.

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© Photograph: Luke MacGregor/Reuters

© Photograph: Luke MacGregor/Reuters

© Photograph: Luke MacGregor/Reuters

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FBI working with Binance after crypto exchange hit by $6.3bn heist – business live

Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on record


Most major cryptocurrencies have fallen in value since news of the Binance theft broke, Coinmarketcap data shows.

That includes:

Bitcoin: -2.35% over the last 24 hours, to $77,940

Ethereum: -3.6%, to $2,227

BNB: -5.6%, to $706

Solana: -2.67%, to $97

Chainlink: -3.1%, to $11.02

Temporarily suspended withdrawals while we complete a security revamp of the withdrawal service and its related addresses

Revoked the affected address authorizations

Engaged law enforcement and blockchain intelligence partners to trace and recover funds

Our team hasn’t stopped. We’re working closely with law enforcement to ensure the matter is handled appropriately - and I’ll share what I can, as soon as I can.

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© Photograph: Sergei Ilnitsky/EPA

© Photograph: Sergei Ilnitsky/EPA

© Photograph: Sergei Ilnitsky/EPA

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UK side-hustle tax-free allowance to rise to £3,000 next year

Up to 1.4 million people could benefit from change to trading allowance announced in budget, with some saving hundreds in tax

The amount Britons can earn from a side hustle without paying tax will rise to £3,000 next year in a fillip for those who make extra cash from hobbies or reselling.

Up to 1.4 million people could benefit from the change announced in the budget, with the chancellor confirming the tax-free “trading” allowance will increase from £1,000 to £3,000 in April 2027.

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© Photograph: Photononstop/Alamy

© Photograph: Photononstop/Alamy

© Photograph: Photononstop/Alamy

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TUC leader expects wave of union recognition in private sector over coming year

Paul Nowak says ‘hundreds, if not thousands’ of employers could sign access agreements as ‘transformative’ rules come into force

The TUC general secretary, Paul Nowak, is predicting a wave of union recognition deals in the private sector over the next year as “transformative” rules on accessing workplaces come into force.

From Friday, as part of Labour’s Employment Rights Act, unions will have the right to enter workplaces or communicate with staff electronically. From January, employers will be obliged to inform workers of their right to join a union.

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© Photograph: Stefan Rousseau/PA

© Photograph: Stefan Rousseau/PA

© Photograph: Stefan Rousseau/PA

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