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AT&T Teams Up with American Academy of Pediatrics to Guide Kids’ First Phones and Healthy Tech Behaviors

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Deanna Ritchie


Parents of the digital age have long struggled with the question: “When is the right time for my kiddo to have their first phone?” Sure, being connected to your kids is important, but navigating issues from social media to extended screen time makes the decision all the more difficult.

Despite their concerns, guardians are generally supportive of connecting their children. A recent survey from Cricket and OnePoll found that 70% of parents trust their kids with tech, with two-thirds putting parental controls on all their children’s devices. Additionally, six in 10 guardians believe tech is beneficial for kids’ social skills. Regardless of support, though, each family’s timeline is different.

PhoneReady Questionnaire

Fortunately, the struggle for parents isn’t going unnoticed by cell carriers and the American Academy of Pediatrics (AAP) – the leading professional association of American pediatricians. This summer, AT&T and the AAP released their PhoneReady Questionnaire to ease parents’ minds in making the decision to connect their kiddos via their first phones.

The tool, guided by pediatric professionals with parents in mind, asks the hard-hitting questions that determine whether their little ones are ready for the responsibility of having their own phones. The evidence-based questions range from assessing your child’s behavior and developmental maturity to your family’s values and attitudes toward screen time and technology use. Some of the questions include:

  • How often does your child need a phone for their safety, such as after school?
  • Does your child act responsibly, including finishing things they are assigned at school?
  • Are you prepared to take steps to manage your child’s technology use?

The questionnaire aims to answer two questions for parents: Whether your child is ready for a phone themselves and whether you’re ready for them to have one. These answers don’t always align, so getting a finger on the pulse can help both caregivers and kids make the best decisions for their individual situations.

After completing the ten questions, parents will be placed in one of three zones denoting their readiness: the Ready Zone, the Almost Ready Zone, or the Not Yet Ready Zone. If ready, the tool will recommend parents’ next steps for managing online safety, like instructions on how to set up screen time and parental control restrictions for their newly connected kids.

Family Media Plan

A survey by Cricket and OnePoll found that seventy percent of parents said they’d feel comfortable giving their kids a smart device if they understood how their young ones can use these devices safely and effectively. To address this concern, and in addition to the PhoneReady Questionnaire, AAP’s interactive Family Media Plan helps parents and kids work together to create personalized strategies for managing technology use – something that is increasingly important while managing pandemic-induced screentime highs. Features include:

  • Specific recommendations for younger children
  • Reflection activities and practical tips to help families problem-solve around media use
  • Other resources such as “tutorials” on setting up smartphone safety settings

Developing a Family Media Plan using these tools keeps both parents and kids on the same page, ensuring all have a safe and positive experience with their technology and newfound connectedness. Overall, the tools place an emphasis on maintaining open communication within a family and understanding what makes a healthy relationship with technology and media.

These joint AT&T-AAP advancements in digital equity and parental understanding come as part of AT&T’s Connected Learning initiative, which comprises a $2 billion investment in digital literacy tools, education resources, broadband technology, low-cost internet service, computers and more, to aid young people inside and outside of the classroom.

Next Steps for Caregivers

Parents and caregivers interested in understanding the next steps for their families can take the free PhoneReady Questionnaire. The AAP’s pediatrician-approved Family Media Plan tool can also be accessed by all parents, whether connecting their kiddos for the first time or setting healthy boundaries in their current connected household.

Image Credit: Photo by Jessica Lewis Creative; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

Politics

Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Politics

Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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