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    Start-Up Investors Push Back Against Venture Capital’s Bigger-Is-Better Mantra

    A small but vocal group is forming new funds and taking new approaches to counter the swell of money into venture capital in recent years.After nearly 10 years running his own venture capital firm, Nick Chirls decided to call it quits this year.His firm, Notation Capital, had raised three funds and invested in more than 100 companies. But Mr. Chirls said he had become disillusioned as venture capital grew from a collection of small partnerships into an industry dominated by firms that managed enormous sums.The focus on accumulating and deploying as much money as possible “completely dehumanized the entire business,” he said.Instead, Mr. Chirls is starting a new kind of firm. From the outside, the endeavor, Asylum Ventures, looks like his old firm, with a $55 million venture fund that will invest in very young tech companies. But the approach is set to be very different, making fewer investments over a longer period in companies that will not need to raise increasingly large funding rounds, he said.Mr. Chirls and his partners, Jonathan Wu and Mackenzie Regent, are part of a small but vocal group of start-up investors who are pushing back against venture capital’s changing scope and priorities. Venture capital investing has traditionally involved small groups of financiers who backed very young, very risky companies that couldn’t obtain traditional loans. The sums invested were often small.But that changed in recent years as investors poured billions of dollars into unproven start-ups with little diligence and investment firms expanded rapidly into new strategies and geographies. Last year, venture capital managed $1.1 trillion, up from $297 billion in 2013, according to PitchBook, which tracks start-ups.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Brazil Threatens to Ban Elon Musk’s X

    The country’s Supreme Court gave the service 24 hours to name a legal representative in Brazil or face suspension.Brazil’s Supreme Court on Wednesday gave Elon Musk 24 hours to name a legal representative for X in Brazil or face a ban of his social network across the nation of 200 million.Mr. Musk closed X’s office in Brazil last week in protest of orders from a Brazilian Supreme Court justice to suspend certain accounts. If X refuses to comply, it could lose access to one of its largest markets outside the United States — a blow as the company struggles to regain revenue after Mr. Musk battled with advertisers and told them not to spend on the platform.The court posted its order on X on Wednesday night, suggesting that Mr. Musk had until about 8 p.m. local time Thursday to respond.The moment is one of the biggest tests yet for Mr. Musk’s efforts to mold X to his personal ideology, and how he responds will shed light on how far he is willing to take his stated commitment to protecting his social network from what he calls censorship.X and Mr. Musk did not immediately respond to requests for comment on the possible ban.Mr. Musk has been enmeshed in a monthslong feud with Alexandre de Moraes, a Brazilian Supreme Court justice whom he has accused of censoring conservative voices online. Justice Moraes has ordered the suspension of more than 100 X accounts in what he says is a battle against misinformation, hate speech and attacks on democracy.Most of the accounts that Justice Moraes has targeted belong to right-wing supporters of Jair Bolsonaro, Brazil’s former president. Some of them questioned Mr. Bolsonaro’s 2022 election loss and sympathized with protesters who raided Brazil’s halls of power, hoping to invoke a military takeover.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Telegram’s Top Executive Pavel Durov Reportedly Detained in France

    The founder of Telegram, an app with more than 900 million users, was taken into custody by the authorities, French media reported.The French authorities on Saturday detained Pavel Durov, the top executive of the online communications platform Telegram, on charges related to the spread of illicit material on the service, according to French news reports.Mr. Durov, 39, a Russian-born entrepreneur, was reportedly arrested at Le Bourget Airport near Paris after landing from Azerbaijan. His detention could not immediately be confirmed.The Russian Embassy in France said in a statement on Sunday that it had asked the French authorities for clarification on news of the arrest.Representatives of the French police and Interior Ministry declined to comment and redirected questions to the Paris prosecutor’s office. The Paris prosecutor’s office, citing an open investigation, also declined to comment.Telegram did not respond to requests for comment.In an interview on Telegram, George Lobushkin, a former press secretary for Mr. Durov who remains close to him, wrote, “This is a monstrous attack on freedom of speech worldwide.”Telegram, with more than 900 million users, has long been on the radar of law enforcement agencies around the world because terrorist organizations, drug runners, weapons dealers and far-right extremist groups have used it for communicating, recruiting and organizing.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Overlooked No More: Mabel Addis, Who Pioneered Storytelling in Video Gaming

    She was a teacher when she participated in an educational experiment with IBM. As a result, she became the first female video game designer.This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times.In the 1960s, Mabel Addis was an elementary-school teacher in a small town in New York State when she was offered a unique opportunity that would make history: Create an educational game with IBM.What resulted was the Sumerian Game, an early video game that taught the basics of economic theory to sixth graders. In it, a student would act as the ruler of the Mesopotamian city-state of Lagash, in Sumer, in 3500 B.C. In Level One, the primary focus was on growing crops and developing tools; Level Two oversaw a more diversified economy; and in Level Three, Lagash interacted with other city-states. In each round, students responded to prompts issued by Urbaba, the royal steward.The video game was text-based, but it is believed to be the first to introduce storytelling and characters, and the first in a genre now known as edutainment. It also made Addis the first known female video game designer, according to several game historians.The Sumerian Game “is pretty rudimentary by today’s standards, but the thing about being ‘first’ is that just existing at all becomes innovative,” Kate Willaert, the author of the blog “A Critical Hit!,” who has studied the game extensively, said in an email. Addis, she maintained, was the first video game writer ever.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Nepal Lifts Ban on TikTok, in a Likely Overture to China

    The move signaled that Nepal’s new prime minister, who has cultivated ties with China, would continue on that path.The new prime minister of Nepal, K.P. Sharma Oli, on Thursday overturned a ban on TikTok that his predecessor imposed in November, an apparent sign that the veteran politician intended to strengthen the country’s relations with China, its northern neighbor.The popular social media app, which is owned by the Chinese company ByteDance, was banned for its refusal to curb what the previous Nepalese government had described as hate speech that disturbed “social harmony.” At the time, Nepali officials said that they had resorted to the ban after TikTok declined to address concerns about troubling content.TikTok did not respond to a request for comment.The decision to reinstate TikTok signaled Mr. Oli’s belief that, amid the geopolitical bickering between China and India, Nepal’s neighbor to the south that also banned the app, the Himalayan country was better off aligning with China.TikTok and many other Chinese apps have been banned in India since 2020, amid historically fraught relations between the two countries and more recent efforts to dominate the South Asian region.Prithvi Subba Gurung, a Nepalese government spokesman, said TikTok would now have to abide by certain directives, such as naming a point of contact in the country.“We have set a few conditions such as TikTok to be used for promoting Nepali tourism, supporting us for digital safety, digital literacy and digital education and curb hate content,” Mr. Gurung said.On Thursday morning, the Chinese ambassador to Nepal, Chen Song, wrote on the social media platform X, “Today is a good day,” which many Nepalese took to mean that the talks to reinstate TikTok had been finalized.Mr. Oli, 73, who leads Nepal’s largest communist party, returned to power in July as the leader of a new ruling coalition, taking charge of the government for the fourth time. The previous leader, Pushpa Kamal Dahal, was seen as easier than Mr. Oli for India to manipulate and frequently changing coalition partners for his personal benefit.Mr. Oli has made no secret of his opposition to India’s influence in Nepal. During his first stint as prime minister in 2015, he stood up against a crippling economic blockade that India had imposed over certain provisions in Nepal’s Constitution.During his second stint as prime minister, after elections in 2017, Mr. Oli revised Nepal’s political map in a way that further soured relations with India.On Thursday, Nepal and China also agreed to expand a few development projects aimed at strengthening bilateral ties, including an agreement to complete the upgrade of a highway in Kathmandu, the Nepalese capital, as part of China’s Belt and Road Initiative project. Anupreeta Das More

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    AI Companies Have Pitched US Political Campaigns. The Campaigns Are Wary.

    More than 30 tech companies have pitched A.I. tools to political campaigns for November’s election. The campaigns have been wary.Sam WoodMatthew Diemer, a Democrat running for election in Ohio’s Seventh Congressional District, was approached by the artificial intelligence company Civox in January with a pitch: A.I.-backed voice technology that could make tens of thousands of personalized phone calls to voters using Mr. Diemer’s talking points and sense of humor.His campaign agreed to try out the technology. But it turned out that the only thing voters hated more than a robocall was an A.I.-backed one.While Civox’s A.I. program made almost 1,000 calls to voters in five minutes, nearly all of them hung up in the first few seconds when they heard a voice that described itself as an A.I. volunteer, Mr. Diemer said.“People just didn’t want to be on the phone, and they especially didn’t want to be on the phone when they heard they were talking to an A.I. program,” said the entrepreneur, who ran unsuccessfully in 2022 for the same seat he is seeking now. “Maybe people weren’t ready yet for this type of technology.”This was supposed to be the year of the A.I. election. Fueled by a proliferation of A.I. tools like chatbots and image generators, more than 30 tech companies have offered A.I. products to national, state and local U.S. political campaigns in recent months. The companies — mostly smaller firms such as BHuman, VoterVoice and Poll the People — make products that reorganize voter rolls and campaign emails, expand robocalls and create A.I.-generated likenesses of candidates that can meet and greet constituents virtually.But campaigns are largely not biting — and when they have, the technology has fallen flat. Only a handful of candidates are using A.I., and even fewer are willing to admit it, according to interviews with 23 tech companies and seven political campaigns. Three of the companies said campaigns agreed to buy their tech only if they could ensure that the public would never find out they had used A.I.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    How Section 230 Is Being Used Against Tech Giants Like Meta

    A Massachusetts professor has filed a lawsuit against Meta using a novel interpretation of Section 230, a law known primarily for shielding social media companies from liability.Facebook, X, YouTube and other social media platforms rely on a 1996 law to insulate themselves from legal liability for user posts. The protection from this law, Section 230 of the Communications Decency Act, is so significant that it has allowed tech companies to flourish.But what if the same law could be used to rein in the power of those social media giants?That idea is at the heart of a lawsuit filed in May against Meta, the owner of Facebook, Instagram and WhatsApp. The plaintiff in the suit has asked a federal court to declare that a little-used part of Section 230 makes it permissible for him to release his own software that lets users automatically unfollow everyone on Facebook.The lawsuit, filed by Ethan Zuckerman, a public policy professor at the University of Massachusetts Amherst, is the first to use Section 230 against a tech giant in this way, his lawyers said. It is an unusual legal maneuver that could turn a law that typically protects companies like Meta on its head. And if Mr. Zuckerman succeeds, it could mean more power for consumers to control what they see online.“I see and appreciate the elegance of trying to use a piece of law that has made user generated content possible, to now give users more control over those experiences and services,” he said.Section 230, introduced in the internet’s early days, protects companies from liability related to posts made by users on their sites, making it nearly impossible to sue tech companies over defamatory speech or extremist content.Mr. Zuckerman has focused on a part of Section 230 that spells out protection for blocking objectionable material online. In 2021, after a developer released software to purge users’ Facebook feeds of everyone they follow, Facebook threatened to shut it down. But Section 230 says it is possible to restrict access to obscene, excessively violent and other problematic content. The language shields companies from liability if they censor disturbing content, but lawyers now say it could also be used to justify scrubbing any content users don’t want to see.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    X Spaces With Trump and Musk Is Off to a Glitchy Start

    Elon Musk’s live conversation with former president Donald J. Trump on X got off to a glitchy start on Monday, a setback for the social media service as Mr. Musk pushes the company to regain its dominance as an online epicenter of political discourse.Some users who tried to listen to the conversation, which was hosted on the company’s audio livestreaming feature called Spaces, were greeted by silence and an error message that read: “Details not available.” Users said they had trouble accessing the livestream on desktop computers and mobile phones. Those who were able to get the livestream to work were met with hold music. The Spaces event was originally scheduled to start at 8 p.m. Eastern. The number of attendees fluctuated wildly as users struggled to gain access, drifting between 100,000 and more than 700,000 listeners. Mr. Musk blamed a cyberattack known as a distributed denial of service attack, or DDoS, for the glitches. DDoS attacks work by flooding servers with malicious traffic and knocking them offline. “Worst case, we will proceed with a smaller number of live listeners and post the conversation later,” he wrote. The attack could not immediately be verified.Mr. Musk claimed the system had been tested “with 8 million concurrent listeners” earlier that day.He had spent Sunday evening testing the service to make sure it could stay up and running by streaming himself playing a video game. We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More