In its third security breach reported since June, Facebook announced on Friday that hackers had leveraged a security vulnerability in order to attack its computer network and access the personal accounts of about 50 million of its social platform users. In the two other breaches, hackers unblocked individuals that had been previously blocked by Facebook users, and users’ share settings were manipulated without permission. As a result of this latest breach, “the attackers could use the account as if they are the account holder,” according to Guy Rosen, VP product management for Facebook. Read more

Amazon recently introduced its Fire TV Recast, a networked DVR, and TiVo debuted its new set-top box, the TiVo Bolt OTA, with both companies’ products aimed at giving cord cutters a new way to enjoy content. Fire TV Recast allows consumers to watch and record over-the-air TV content with a Fire TV, Echo Show or other compatible mobile device. TiVo’s new STB joins its existing line of Bolt devices, including the voice-controlled Bolt Vox DVRs, and enables anyone with a digital antenna to watch live over-the-air TV. Read more

Sixteen cities in Southern California’s South Bay have teamed up to provide cheaper Internet service to their 1.1 million residents. Their effort goes against a common belief that regional collaborations are unlikely to succeed because cities are busy, strapped for resources and competitive. It also irks the FCC, which believes that private companies are doing a great job of delivering Internet at low prices to everyone in America. The FCC has been actively discouraging states from building local Internet networks. Read more

As artificial intelligence-based tools become more widespread in the business industry, cloud service companies are debuting tools that explain the artificial intelligence algorithms they use to provide more transparency and assure users of their ethical behavior. That’s because regulated industries are demanding it. Capital One and Bank of America are just two such companies interested in using AI to improve detection of fraud, but want to know how the algorithms work before they implement such tools. Read more

As part of a settlement with the Securities and Exchange Commission, Tesla CEO and co-founder Elon Musk has agreed to pay a $20 million fine and step down as chairman of the California-based electric automaker for three years. The SEC accused Musk of securities fraud after he tweeted from his personal Twitter account that he had secured enough funding to take Tesla private. Musk has admitted to no wrong-doing. In addition to Musk’s significant personal fine, Tesla has agreed to develop leadership reforms and pay $20 million for not properly vetting the CEO’s tweets. Read more