Plus, Trump picks Brendan Carr as FCC Chair. And Roblox adds parental controls. Belle Lin hosts.
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[00:00:32] TNB Tech Minute for Monday, November 18th. I'm Belle Lin for The Wall Street Journal.
[00:00:38] Investments in artificial intelligence are booming, but profits for venture capital firms are at a historic low.
[00:00:46] That's according to data provider PitchBook, which found that last year U.S. venture firms returned $26 billion worth of shares back to their investors, the lowest amount since 2011.
[00:00:57] Startup investors say 2024 has continued the trend, with high levels of investment and few acquisition deals or initial public offerings.
[00:01:06] But some say they hope the incoming Trump administration might loosen regulations and spur more deal-making, reversing the trend.
[00:01:14] President-elect Donald Trump has picked Brendan Carr, a career telecommunications lawyer and regulator, to lead the Federal Communications Commission.
[00:01:23] Carr is the senior Republican on the five-member FCC, and he has championed many of Trump's causes.
[00:01:31] He is also one of the authors of the Project 2025 policy paper, where he has outlined plans to remove regulations that conservatives consider overbearing or outdated.
[00:01:42] And video game company Roblox is adding parental controls to its platform for its youngest users.
[00:01:50] The move comes roughly a month after short-selling firm Hindenburg Research accused Roblox of favoring growth over child safety.
[00:01:58] The video game company said its new parental controls and gatekeeping features, which launched today, were planned long before the Hindenburg report.
[00:02:08] Roblox also denied the firm's allegations.
[00:02:11] Some of the new safeguards include adding the ability for parents to create their own accounts that link to their children's accounts,
[00:02:19] allowing them to set daily usage limits, and block access to specific game genres.
[00:02:24] For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing Podcast.
[00:02:30] Today's back.
[00:02:30] Bye.