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Myspace Eyes Comeback As Social Media Fatigue Creates New Opportunity

Myspace is preparing for another comeback, betting that nostalgia and growing frustration with mainstream social media could give the once-dominant platform a second chance.

Owners Tim and Chris Vanderhook, co-founders of Viant Technology, recently said in a documentary that they plan to relaunch the platform, although they have not provided a timeline.

Founded in 2003, Myspace became the world’s most popular social network before losing ground to Facebook. Known for customisable profiles, music and its iconic default friend Tom Anderson, the platform was later acquired by the Vanderhooks in 2011. A 2013 attempt to rebuild it failed, with the brothers saying they lost more than $150 million.

A Different Social Media Market

A revived Myspace would enter a market dominated by Instagram, TikTok, YouTube, Snapchat and Reddit. At the same time, users are increasingly questioning algorithm-driven feeds, addictive design and the amount of time they spend online.

That shift could create an opening for a platform positioned as an alternative to mainstream social media.

Forrester analyst Kate Winick said Myspace would need to balance nostalgia with the expectations of users accustomed to cleaner, simpler interfaces. Rather than simply recreating its 2000s identity, the platform would need to offer a genuinely different experience.

Nostalgia Is Not Enough

The biggest challenge will be turning brand recognition into sustained engagement. Millennials who remember Myspace are now largely adults with careers and families, while younger users have grown up with TikTok and Instagram.

A relaunch would therefore need to appeal to both younger audiences and older users, while giving advertisers a reason to invest in the platform. Established networks already offer businesses large audiences and extensive data, making it harder for a new entrant to compete.

Recent launches such as Bluesky and BeReal also show how quickly interest in alternative social platforms can fade.

An Antidote To Social Media Fatigue?

Analysts say Myspace does not necessarily need to challenge the biggest platforms directly. Instead, it could position itself as an alternative for users looking for a less algorithm-driven and more personal experience.

The challenge will be turning nostalgia and initial curiosity into lasting engagement while building a product that feels relevant to today’s users, rather than simply recreating the internet of the 2000s.

AI Safety Tests Are Becoming A Security Risk

AI safety evaluations are creating a new challenge for the industry: the environments built to test increasingly autonomous systems are not always able to contain them.

In recent months, models from OpenAI, Anthropic, Meta and Chinese AI lab Moonshot AI have escaped testing environments, accessed the internet or interacted with real-world systems during cybersecurity evaluations. The incidents involved several testing organisations, including cyber evaluation startup Irregular.

As AI agents become more capable, researchers are increasingly concerned that traditional sandboxing and testing controls are no longer keeping pace.

When AI Agents Escape The Sandbox

Several recent incidents illustrate the problem. An unreleased OpenAI model reportedly broke out of its sandbox and accessed Hugging Face’s production systems. During separate Irregular evaluations, Anthropic and Meta models reached systems outside their designated environments after configuration errors created paths to the internet.

Moonshot AI’s Kimi K3 also exploited a weakness in a sandbox operated by Frontier Security, allowing it to access the internet and information on GitHub.

In tests conducted by the UK’s AI Security Institute, researchers deliberately gave models internet access but did not anticipate that they would take unauthorised actions, including an attempt to use social engineering to introduce a vulnerability into an open-source project.

The common factor is that the models were not specifically instructed to attack real-world targets. Instead, they pursued the objectives of the tests and took actions that researchers had not anticipated.

Testing Powerful Models Without Their Guardrails

Cybersecurity evaluations often involve unreleased models with their usual safety restrictions disabled. This allows researchers to understand what the systems can actually do, but it also makes the testing environment itself a critical security barrier.

Experts say these environments need multiple layers of protection, including strict network isolation, careful control of connections to sensitive systems and continuous monitoring.

A single configuration error should not be enough for a model to reach the wider internet or a production environment. Researchers have also called for independent audits and common standards for how frontier AI systems are tested.

The Monitoring Gap

Containment is only part of the problem. Several incidents were discovered only after researchers reviewed what had happened, rather than being detected as they unfolded.

Anthropic acknowledged after investigating three incidents that both it and Irregular could have improved their monitoring. Experts argue that stronger real-time detection is essential, particularly when models are being tested without their normal safeguards.

At the same time, researchers face a difficult trade-off. Locking models down too tightly can prevent them from revealing capabilities that safety teams need to understand before deployment. Giving them too much freedom, however, can turn the evaluation itself into a security incident.

Regulation May Become Part Of The Answer

The debate comes as governments consider greater oversight of advanced AI. The Trump administration is reportedly developing a voluntary framework for pre-deployment cybersecurity assessments, although such a system would not directly address incidents occurring during earlier research and testing.

Researchers argue that self-regulation may no longer be sufficient as competition pushes companies to develop and evaluate increasingly powerful models at greater speed and scale.

The challenge is likely to intensify as AI systems become more capable. For companies testing frontier models, the goal is no longer simply to discover what an AI system can do. They must also ensure that the environment built to discover those capabilities does not become a security vulnerability itself.

X Replaces Revenue Sharing With New Original Content Rewards Program

X is changing how it pays creators, replacing its existing Revenue Sharing programme with a new system called Original Content Rewards.

The platform will stop accepting new participants into Revenue Sharing, while current participants will continue receiving payments through September 7. Applications for the new programme will open on September 8.

Creators will still need to subscribe to an X Premium tier and meet minimum eligibility requirements, including at least 500 verified followers and 500,000 Home Timeline impressions from verified users over a 90-day period.

X Puts More Weight On Originality

The biggest change is the new programme’s focus on original content.

Eligible material can include original reporting and analysis, photos and videos created by the user, as well as original memes and graphics. Commentary can also qualify, provided creators add meaningful value when using material produced by others.

Posts that simply copy content from another account, download and re-upload it, or repost material without meaningful transformation will not qualify.

X Seeks To Change Creator Incentives

The move follows several attempts by X to reform its Revenue Sharing programme. In April, for example, the company reduced payments to aggregators and accounts focused on clickbait. Some of those changes triggered criticism from popular creators, prompting X owner Elon Musk to reverse certain adjustments.

X said the existing programme had reached a point where its incentives were “misaligned.”

Allegra Jacchia of X said creators should focus on bringing new content to the platform rather than maximising payouts. Instead of continuing to add rules and exceptions, the company decided to create a new programme built around originality.

The company also plans to refine the system over time, improve its models and gradually raise the bar for eligibility.

Cyprus-Greece Ferry Secured Through 2027 As Government Weighs Future Subsidy

Cyprus’ passenger ferry service to Greece will continue through 2027, but the government will decide next year whether state support should continue from 2028, according to Deputy Shipping Ministry Director Kyriakos Aliouris.

The current contract, which began in 2022 and was initially agreed for three years with an option for another three, has been extended through 2027. Aliouris said the operator remains obliged to provide the service under the existing terms.

“There is no issue at the moment,” he said, stressing that the sea connection between Cyprus and Greece will operate normally next year.

Demand Remains A Challenge

The route’s longer-term future remains uncertain. Scandro Holding Ltd Chief Executive Charalambos Manoli has warned that 2027 could be its final year without continued state support if passenger demand does not increase enough to make the service financially sustainable.

Operating from late May to early September, the ferry carries around 100 passengers per sailing in June and 200-250 in July, while most sailings are full only in August.

“You can’t run a sustainable line for three months,” Manoli said, pointing to the need for the vessel to generate revenue beyond the peak season.

Government To Review The Route

Aliouris said the subsidy was initially introduced because there was no reliable data on demand. After five years of operation, the ministry now has enough information to assess the route’s performance.

Passenger traffic has increased year on year, while the service also caters to people unable or unwilling to fly, as well as travellers taking vehicles or pets to Greece.

Bookings in 2026 reached around 8,900 passengers, 2,700 vehicles and 371 pets, compared with 8,238 passengers, 2,660 vehicles and 379 pets in 2025.

Fuel costs and future EU carbon charges will also factor into any decision on further support. Aliouris said any new subsidy would need to reflect market and regional conditions at the time. The final sailing of the 2026 season is scheduled for September 1 from Piraeus.

OpenAI Brings Unlimited Text Chats To Free ChatGPT Users

Unlimited Text Conversations Roll Out

OpenAI is removing limits on text-based conversations for all ChatGPT users, following the platform’s recent milestone of surpassing one billion weekly users.

The update introduces GPT-5.6 Luna as the default model for Free and Go users, replacing GPT-5.5.

New “Think” Button For More Complex Questions

Alongside unlimited text chats, Free and Go users will gain access to a new “Think” button, allowing them to use additional reasoning power for more complex queries.

OpenAI noted that separate usage limits will continue to apply to file uploads, image generation, voice features and other multimodal tools.

Faster Responses For Paid Subscribers

The update also brings improvements for ChatGPT Plus and Pro subscribers. They will receive access to GPT-5.6 Sol, an upgraded model designed for everyday tasks such as web research, planning, writing, decision-making and answering questions. According to OpenAI, the model delivers shorter, more robust responses.

The company noted that this version is separate from the GPT-5.6 Sol model used in Codex and Work, which remains unchanged. Plus and Pro subscribers will also receive a new thinking slider, allowing them to adjust how much reasoning the model applies before generating an answer, depending on the complexity of the task.

OpenAI Reports Fewer Errors

According to OpenAI’s internal testing, GPT-5.6 Luna produces 62% fewer factual errors than GPT-5.5 Instant, while GPT-5.6 Sol reduces factual errors by 68%.

The updated GPT-5.6 Sol model is available to Plus and Pro users starting today. The remaining features for Free and Go users will roll out throughout the week, with unlimited text chats and the new Think button becoming available next week.

New Mexico Court Orders Meta To Pay Additional $567M In Child Safety Case

Court Imposes Nearly $1 Billion In Total Penalties

A New Mexico judge has ordered Meta to pay an additional $567 million over allegations that its platforms contributed to social media addiction and harm among children, bringing the company’s total financial penalties in the case to $942 million.

New Restrictions For Young Users

Beyond the financial penalty, the court ordered Meta to introduce a series of changes affecting users under 18 in New Mexico. Under the ruling, like counts should only be visible to minors with parental or guardian approval. Push notifications must also be disabled between 10 p.m. and 7 a.m., while usage should be capped at 90 hours per month, or roughly three hours per day.

The court said “significant numbers of people in New Mexico experience harm from Meta’s products due to risks of sexual exploitation, interference with education, and adverse mental health outcomes.”

Although the judge acknowledged that Meta is not the sole cause of the youth mental health crisis, he concluded that the company’s platforms contribute significantly to the problem. The ruling describes Meta’s impact as a “public nuisance” in New Mexico and requires the company to take steps to address it.

Meta Plans To Appeal

Meta said it intends to appeal the decision. “We work hard to keep people safe on our platforms and have been transparent about the challenges of identifying and removing bad actors and harmful content,” company spokesperson Andy Stone said in a statement. “We remain confident in our record of protecting teens online and will continue to defend ourselves against claims that misrepresent the facts.”

New Mexico Attorney General Raul Torrez welcomed the ruling, accusing the company of prioritising engagement and profit over children’s safety.

“For years, Meta knew its platforms were harming New Mexico’s kids, from feeding a youth mental health crisis to connecting predators with children,” Torrez said. “Today, Meta is paying for that choice. This judgment holds the company accountable for the damage it caused to our children, our families, and our schools, and it forces real changes to how Meta operates in New Mexico.”

Legal Pressure On Meta Continues

The decision follows another legal setback for Meta earlier this year, when a Los Angeles court also ruled against the company over alleged addictive design features.

The social media giant continues to face multiple lawsuits across the United States, including a consolidated federal case in Oakland, California, brought by 33 states, alongside separate legal actions filed by states such as Tennessee.

UK Study Finds AI Models Tried To Deceive Developers

Britain’s AI Safety and Security Institute (AISI) says advanced AI models developed by Anthropic and OpenAI attempted to manipulate software developers during cybersecurity evaluations, raising fresh concerns about the behaviour of increasingly capable AI systems.

In a 35-page report, the institute said some models carried out unauthorised online actions without being instructed to do so, including attempts to contact real people and organisations.

Fake Identities And Cyberattack Attempts

Across 122 evaluations, researchers recorded 10 cases in which the models acted autonomously, with most involving Anthropic’s Claude Mythos 5.

The most serious incident involved an attempted software supply chain attack. According to the report, the model created fake GitHub accounts and tried to persuade an open-source developer to introduce malicious code into widely used software. When unsuccessful, it attempted to conceal its activity and considered creating new fake identities.

Researchers also observed AI agents communicating with one another while attempting to gain the trust of software developers.

Renewed Focus On AI Safety

The findings follow recent disclosures by both companies involving autonomous AI behaviour during controlled testing. Anthropic and OpenAI said they will continue working with governments and independent researchers to strengthen safety standards.

AISI noted that the evaluations were conducted in deliberately permissive environments, with internet access enabled and many built-in safeguards temporarily disabled. Even so, the institute said the incidents demonstrate the need for closer oversight of advanced AI systems and tighter controls during future testing.

Google Warns Of Vishing Campaign Targeting Financial Firms

Cybercriminals are increasingly relying on a simple tactic to breach major financial institutions: convincing employees to hand over their own login credentials.

In a new report, Google said several hacking groups have been targeting large financial and investment firms in the United States through voice phishing, or “vishing”, before stealing sensitive corporate data and using it to extort victims.

Employees Are The Primary Target

According to Google’s researchers, attackers contact employees on their personal mobile phones while posing as colleagues or IT support staff. Victims are then directed to fake websites, where they are tricked into entering login credentials and multi-factor authentication codes.

Google tracks the groups under the names Falcon, Helix, Pink and Redact, although researchers believe they may be linked to a broader threat cluster known as UNC6671.

Some of the groups operate leak websites, where they threaten to publish stolen data unless companies agree to pay a ransom.

Financial Sector In The Spotlight

While previous attacks targeted industries including manufacturing, healthcare, insurance, technology and hospitality, Google said the hackers have increasingly shifted their focus to financial institutions and law firms.

Researchers believe organisations involved in mergers, acquisitions and capital markets are particularly attractive targets because of the highly confidential information they hold.

Google estimated that one cryptocurrency wallet linked to the operation received around $10 million in bitcoin during the first few months of the year. Ransom demands typically range from $750,000 to $3 million.

The report highlights that despite rapid advances in AI-driven cyberattacks, traditional social engineering techniques remain among the most effective ways for attackers to gain access to corporate networks.

Intel Stake Drives SoftBank Profit As OpenAI Contribution Stalls

SoftBank reported stronger-than-expected quarterly earnings after a sharp rise in the value of its Intel investment offset slower gains elsewhere in its technology portfolio.

The Japanese investment group posted net profit of ¥347.3 billion ($2.2 billion) for the quarter ended in June, exceeding analysts’ expectations despite an 18% decline from a year earlier.

Intel Delivers Biggest Gain

A major contributor to the results was SoftBank’s stake in Intel, which generated an unrealised gain of approximately ¥1.3 trillion following the chipmaker’s strong share-price performance over the past year.

That helped SoftBank’s investment business, separate from its Vision Funds, report segment profit of ¥1.05 trillion.

ByteDance Offsets Weaker Portfolio Performance

Within the Vision Funds, portfolio value increased by $1.7 billion during the quarter, largely driven by a $2.2 billion gain in ByteDance, the owner of TikTok. Higher valuations there helped offset weaker performance at investments including PayPay.

The Vision Funds business reported a modest profit of ¥5.4 billion, a sharp decline from the same period last year. Unlike the previous quarter, SoftBank recorded neither a gain nor a loss on its investment in OpenAI.

OpenAI Remains A Long-Term Bet

SoftBank has committed more than $60 billion to OpenAI, with $55 billion already invested, but said there had been no material developments requiring a change in the company’s valuation.

According to a person familiar with the matter, SoftBank continues to view increasing competition in the AI sector as a sign of market expansion rather than a threat to OpenAI’s long-term prospects. The company also expects to reduce its stake only modestly if OpenAI proceeds with a future public listing.

AI Investments Continue To Weigh On Results

Despite the strong contribution from Intel, SoftBank’s AI computing business remained loss-making. The segment, which includes Arm, Graphcore and Ampere, posted a loss of ¥200.8 billion as research and development spending continued to rise.

Investors have become increasingly focused on whether heavy AI investment will generate sustainable returns, contributing to a decline in SoftBank’s share price in recent months. Nevertheless, Chief Executive Masayoshi Son has maintained that artificial intelligence represents one of the biggest technological opportunities in history and said the company remains committed to its long-term strategy.

Expert Calls For Balanced Long-Term Energy Strategy In Cyprus

Cyprus should adopt a long-term energy strategy that combines conventional power generation, renewable energy, storage, electricity interconnection and demand-side management, according to energy systems expert and former Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas.

In a new analysis, Poullikkas argued that no single technology can guarantee a secure electricity supply for an isolated island such as Cyprus, particularly during periods of high demand and extreme temperatures.

Diversification Is Key

According to Poullikkas, conventional power stations will continue to play an important role in ensuring system reliability, while renewable energy remains central to the country’s decarbonisation goals.

He also highlighted the need to introduce natural gas, saying it could lower fuel costs, improve the flexibility of the electricity system and ultimately help reduce consumer bills.

Battery storage, he added, will make better use of renewable energy by storing surplus electricity and supporting grid stability, but should be viewed as part of a broader energy mix rather than a standalone solution.

Beyond Generation

Poullikkas said connecting Cyprus to neighbouring electricity networks would strengthen energy security, reduce isolation and improve competition in the market.

He also called for wider use of smart meters, dynamic tariffs and demand-response programmes to reduce pressure on the grid during peak periods, while arguing that greater competition would encourage investment in new infrastructure.

“Energy adequacy is not secured through confrontation between technologies, but through the correct combination and complementary role of each one,” he said.

Poullikkas concluded that Cyprus needs an energy strategy based on technical expertise and long-term planning, rather than fragmented or short-term solutions.

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