AI billionaires surge | Instagram privacy backlash | Ad revenue boost

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Steve Wozniak on fighting internet scams
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• Steve Wozniak recounts being impersonated in a YouTube scam that misused his image to promote a bitcoin “double-your-money” fraud—victims reportedly lost life savings; legal efforts to remove the video were repeatedly ignored by YouTube, despite multiple reports.

• He criticizes Section 230 of the Communications Decency Act, calling it a wide shield that prevents holding platforms accountable—even when harm is evident.

• Wozniak warns of the scale of AI-enabled scams—citing $10 billion in AI and $5 billion in cyber currency fraud online—and says platforms like YouTube lack sufficient enforcement muscle to stop them.

The winners and losers in tech’s AI-powered ad race
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• Trade Desk stock dropped nearly 40%, its largest decline ever, despite beating Q2 earnings expectations and reporting 19% year-over-year revenue growth to $694 million.

• Analysts flagged concerns over Amazon’s growing competition, especially in connected TV ads, along with shifting ad dynamics due to AI-driven changes; Amazon’s ad revenue growth is further pressuring Trade Desk’s outlook.

• Trade Desk’s CEO defended the company’s independent position, but analysts remain cautious, citing future slowing growth forecasts and Amazon’s rising influence in the ad market.

New Instagram location sharing feature sparks privacy fears
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• Instagram has launched a new in-app map feature that lets users share their current location—but only if they opt in; location sharing is turned off by default and requires explicit consent.

• Some users were alarmed to find their location visible—sometimes even their home address—despite having not knowingly enabled the feature, leading to widespread concerns about inadvertent exposure.

• Instagram’s head Adam Mosseri clarified that sharing only occurs with selected individuals and emphasized users can disable it at any time.

AI is creating new billionaires at a record pace
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• The AI boom has rapidly minted dozens of new billionaires this year, propelled by massive funding and soaring valuations of startups like Anthropic and Safe Superintelligence, with hundreds of AI “unicorns” now valued at over $1 billion collectively worth $2.7 trillion.

• Experts describe this surge in wealth creation as unprecedented in modern history, outpacing previous tech booms by magnitude and speed.

• As of August 2025, AI-driven valuations have pushed many individuals into the ultra-wealthy elite, spanning chip makers to large-language-model developers.

This tool will help declutter your digital mess
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• Introduces mymind, a sleek, minimalist bookmarking tool designed to save content such as images, articles, quotes, and videos in a distraction-free personal hub.

• Highlights six creative uses—like moodboards, project inspiration, recipe clipping, quotes for presentations, and “shower thoughts” organization—and emphasizes its AI-powered search and reading mode.

• Notes key limitations: no sharing or importing from other services, limited free saving (up to 100 items), and lack of flexibility features like manual arrangement or Firefox extension.