The Federal Trade Commission on Thursday sued to block graphics chip maker Nvidia’s $40 billion purchase of chip designer Arm, saying the deal would create a powerful company that could hurt the growth of new technologies. Nvidia Corp., based in Santa Clara, California, said in September 2020 that it was buying United Kingdom-based Arm Ltd. […]
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Italy’s antitrust watchdog has fined Apple and Amazon a total of more than 200 million euros ($225 million) for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules. An investigation found that provisions in a 2018 agreement between the U.S. tech giants limited access to […]
Job candidates rarely know when hidden artificial intelligence tools are rejecting their resumes or analyzing their video interviews. But New York City residents could soon get more say over the computers making behind-the-scenes decisions about their careers. A bill passed by the city council in early November would ban employers from using automated hiring tools […]
A stock exchange set up in the Chinese capital to serve entrepreneurs opened trading Monday with 81 companies amid a crackdown on tech giants that has wiped more than $1 trillion off their market value abroad. The Beijing Stock Exchange joins other mainland Chinese exchanges in Shanghai and the southern city of Shenzhen. They are […]
Europe’s antitrust regulators marked their biggest win on Wednesday after Google lost an appeal on a $2.8 billion for attempting to monopolize shopping services while downgrading competitors’ services. The win signaled the European Commission’s first major triumph against one of the Big Tech giants out of three key court rulings aimed at heightening regulations on […]
When Mark Zuckerberg announced ambitious plans to build the “metaverse” — a virtual reality construct intended to supplant the internet, merge virtual life with real life and create endless new playgrounds for everyone — he promised that “you’re going to able to do almost anything you can imagine.” That might not be such a great […]
Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments, police and others. “This change will represent one of the largest shifts in facial recognition usage in the technology’s history,” Jerome Pesenti, vice president of […]
Members of the U.S. House Judiciary Committee confronted Sunday Amazon’s lead executives in a letter accusing them of misleading the Congress and potentially lying about the e-commerce giant’s business habits. The letter, signed by five Committee members, is taking into consideration “whether a referral of this matter to the Department of Justice for criminal investigation […]
Facebook said it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform that promises to connect people virtually but could raise concerns about privacy and the social platform gaining more control over people’s online lives. The company said in a blog post Sunday […]
Once more, Epic Games comes across another counterattack from a Big Tech player, Google. The search engine giant countersued on Monday the gaming firm under allegations of violating its contract by welcoming an additional payment system to overtake the Play Store’s payment systems and its 30 percent in-app purchase commission. To those who do not […]