New York Bans ‘Addictive Feeds’ For Teens

New York Governor Kathy Hochul (D) signed two bills into law on Thursday that aim to protect kids and teens from social media harms, making it the latest state to take action as federal proposals still await votes. From a report: One of the bills, the Stop Addictive Feeds Exploitation (SAFE) for Kids Act, will require parental consent for social media companies to use “addictive feeds” powered by recommendation algorithms on kids and teens under 18. The other, the New York Child Data Protection Act, would limit data collection on minors without consent and restrict the sale of such information but does not require age verification. That law will take effect in a year.

States across the country have taken the lead on enacting legislation to protect kids on the internet — and it’s one area where both Republicans and Democrats seem to agree. While the approaches differ somewhat by party, policymakers on both sides have signaled urgent interest in similar regulations to protect kids on the internet. Florida Governor Ron DeSantis (R), for example, signed into law in March a bill requiring parents’ consent for kids under 16 to hold social media accounts. And in May, Maryland Governor Wes Moore (D) signed a broad privacy bill into law, as well as the Maryland Kids Code banning the use of features meant to keep minors on social media for extended periods, like autoplay or spammy notifications.

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Car Dealerships Hit With Massive Computer System Outage

TikTok Says US Ban Inevitable Without a Court Order Blocking Law

TikTok and Chinese parent ByteDance on Thursday urged a U.S. court to strike down a law they say will ban the popular short app in the United States on Jan. 19, saying the U.S. government refused to engage in any serious settlement talks after 2022. From a report: Legislation signed in April by President Joe Biden gives ByteDance until Jan. 19 of next year to divest TikTok’s U.S. assets or face a ban on the app used by 170 million Americans. ByteDance says a divestiture is “not possible technologically, commercially, or legally.”

The U.S. Court of Appeals for the District of Columbia will hold oral arguments on lawsuits filed by TikTok and ByteDance along with TikTok users on Sept. 16. TikTok’s future in the United States may rest on the outcome of the case which could impact how the U.S. government uses its new authority to clamp down on foreign-owned apps. “This law is a radical departure from this country’s tradition of championing an open Internet, and sets a dangerous precedent allowing the political branches to target a disfavored speech platform and force it to sell or be shut down,” ByteDance and TikTok argue in asking the court to strike down the law.

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Pornhub To Block Five More States Over Age Verification Laws

FedEx’s Secretive Police Force Is Helping Cops Build An AI Car Surveillance Network

Twenty years ago, FedEx established its own police force. Now it’s working with local police to build out an AI car surveillance network. From a report: Forbes has learned the shipping and business services company is using AI tools made by Flock Safety, a $4 billion car surveillance startup, to monitor its distribution and cargo facilities across the United States. As part of the deal, FedEx is providing its Flock video surveillance feeds to law enforcement, an arrangement that Flock has with at least five multi-billion dollar private companies. But publicly available documents reveal that some local police departments are also sharing their Flock feeds with FedEx — a rare instance of a private company availing itself of a police surveillance apparatus.

To civil rights activists, such close collaboration has the potential to dramatically expand Flock’s car surveillance network, which already spans 4,000 cities across over 40 states and some 40,000 cameras that track vehicles by license plate, make, model, color and other identifying characteristics, like dents or bumper stickers. Lisa Femia, staff attorney at the Electronic Frontier Foundation, said because private entities aren’t subject to the same transparency laws as police, this sort of arrangement could “[leave] the public in the dark, while at the same time expanding a sort of mass surveillance network.”

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Plan for New Accounting Rules on Software Costs Moves Forward

U.S. companies may need to report cash amounts tied to their software expenditures, more of which would be moved off corporate balance sheets under a forthcoming proposal to update decades-old accounting rules. From a report: The Financial Accounting Standards Board voted Tuesday, 7-0, to propose requiring companies to report cash amounts tied to their software costs and help them determine when to expense or capitalize costs. The proposal is a scaled-back version of rule-making around these expenses. The standard setter wants to require U.S. public and private companies to provide a line item in their cash-flow statement to account for cash spending on software. Rules around software costs have gone largely unchanged since the 1980s and 1990s.

The proposal would cover use of software ranging from enterprise resource planning systems to hosting services and mobile banking applications, meaning it applies to almost every company. It would exclude development of software licensed to customers. Under the plan, companies would no longer have to evaluate the stage of their software project to determine whether to expense the costs on the income statement or to capitalize, or delay fully recognizing them, on the balance sheet. Companies are now required to expense their software costs as incurred on the income statement during the initial planning and post-implementation stages. When building the programs or applications, companies have to capitalize eligible costs. These current requirements involve significant judgment for companies, creating higher compliance costs. Instead, companies would only have to determine when to begin capitalizing software costs based on executives’ signoff for a project and the likelihood that the project will be completed and the software will carry out its intended use.

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