A new bill would crack down on fraudulent ads, X's 'open source' algorithm isn't a win for transparency, and Valve pushed back its Steam Machine launch

-The backdrop to the SCAM Act is a Reuters report from last November. Meta reportedly estimated that up to 10 percent of its 2024 revenue came from scam ads. The company is said to have calculated that as much as $16 billion of its revenue that year was from scams, including "fraudulent e-commerce and investment schemes, illegal online casinos and the sale of banned medical products." -While it's true that X is the only major social network to make elements of its recommendation algorithm open source, researchers say that what the company has published doesn't offer the kind of transparency that would actually be useful for anyone trying to understand how X works in 2026. -As The Wall Street Journal recently reported, the AI industry has been hoovering up manufacturers’ available memory chips and hard drives for its infrastructure developments. Learn more about your ad choices. Visit podcastchoices.com/adchoices