Britain’s competition regulator has ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in advertising. Meta said it would accept the Competition and Markets Authority’s (CMA) order to unwind the 2020 deal. “We are disappointed by […]
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U.S. rapper Kanye West, who now goes by Ye, has agreed in principle to buy social media platform Parler, which is popular among U.S. conservatives, the app’s parent company said on Monday. Ye’s offer comes after the artist was locked out of his Twitter and Instagram accounts this month for making posts that online users […]
Used by two-thirds of the world’s 100 biggest banks to aid lending decisions, credit scoring giant Fair Isaac Corp and its artificial intelligence software can wreak havoc if something goes wrong. That crisis nearly came to pass early in the pandemic. As FICO recounted to Reuters, the Bozeman, Montana company’s AI tools for helping banks […]
Facebook parent Meta Platforms Inc on Thursday asked a U.S. judge to dismiss a lawsuit filed by the Federal Trade Commission (FTC) that argues that the company’s proposed deal to buy reality content maker Within Unlimited should be blocked. “The FTC’s attempt to fix its ill-conceived complaint still ignores the facts and the law and […]
Alphabet unit Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more than a billion euros, people familiar with the matter said on Thursday. Google’s ad business, which generated over $100 billion in sales last year, is Alphabet’s […]
The U.S. Federal Communications Commission is set to ban approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE in the United States on national security grounds, according to an agency document. FCC Chairwoman Jessica Rosenworcel last week circulated the proposed ban to the other three commissioners for final approval. The companies would not […]
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even if it may not succeed commercially in the longer term, experts said. Under sweeping new regulations announced by the Biden administration on Oct. 7, U.S. […]
Since Russia annexed Crimea in 2014, American companies have been prohibited from dealing with MMZ Avangard, a state-owned firm that makes missiles for one of Russia’s most sophisticated weapons, the S-400 air-defense system. In a measure of Western concern about the S-400, the United States ejected Turkey, a NATO member, from a joint fighter jet […]
For companies playing with virtual reality as disparate as plane-maker Boeing Co and online-gaming platform Roblox Corp, forays into the so-called “metaverse” have come with equal parts promise and peril. The U.S. aviation giant is looking to digital technology to accelerate production of new aircraft, said Susan Doniz, Boeing’s chief information officer, at the Reuters […]
China’s ByteDance Ltd is in talks with music labels for expanding its music-streaming service globally to compete with industry leaders such as Spotify Technology SA, the Wall Street Journal reported on Wednesday. The TikTok parent plans to eventually integrate music streaming within its short-video service and scale it to serve as a major platform for […]