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The Week That Was: IT and Media news week 23

AI is in a class of its own when it comes to valuation. But some investors warn about the sustainability of sky high valuation of AI companies, financial data company PitchBook says in a new report. For years, fintech was the valuations champion at both the early-stage and, in particular, the late-stage. 

Is it OK to talk about child marriage in a positive way on social media? Meta’s oversight board is investigating if there should be recommendations about child marriage on the company’s sites like Facebook and Instagram. UN Women says “early or child marriage is a human rights violation that denies girls the opportunity to develop to their full potential and has far-reaching consequences on their health and well-being.” 

Using the internet is likely to be good for your well-being despite popular worries that it’s bad. But there is an uncertainty when it comes to young women which is in line with earlier reports on cyberbullying and depression symptoms linked to social media use, according to a  new international study from the Oxford Internet Institute, part of the University of Oxford

Business’s expectations for genAI’s impact remain as high as they were last year, with three-quarters predicting that it will lead to significant or disruptive change in their industries in the years ahead. The function in which the largest share report cost decreases by using genAI is human resources, according to consultancy McKinsey Global Survey on AI.

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