Search results for "tech companies "

Meta Releases AI Model That Can Identify Items Within Images

 Facebook-owner Meta published an artificial intelligence model on Wednesday that can pick out individual objects from within an image, along with a dataset of image annotations that it said was the largest ever of its kind. The company’s research division said in a blog post that its Segment Anything Model, or SAM, could identify objects […]

Biden Says It Remains to Be Seen Whether AI Is Dangerous

U.S. President Joe Biden on Tuesday said it remains to be seen whether artificial intelligence is dangerous, but he underscored that technology companies have a responsibility to ensure their products are safe before making them public. Biden told his science and technology advisers that AI could help in addressing disease and climate change, but it […]

Biden to Discuss Risks of AI in Tuesday Meeting with Science Advisers

U.S. President Joe Biden will discuss the “risks and opportunities” that artificial intelligence poses for people, society and national security during a meeting with science and technology advisers at the White House on Tuesday, an official said. Biden, a Democrat, is scheduled to meet with the President’s Council of Advisors on Science and Technology (PCAST) […]

EU Car Data Access Rules in Progress but No Timeline

The European Commission is working on rules to ensure fair access to valuable car data for companies and industry but does not know when they will be ready, a spokesperson said on Monday as industry groups fret about unfair competition from U.S. and Chinese tech companies. The huge potential of the connected car market, which […]

Will TikTok Ever Move Out of the Gun Sights of Governments?

TikTok has been making headlines ever since it debuted and went viral. Is “viral” even the right word to describe the cultural reset it triggered? Unfortunately, most of these headlines are not in the app’s favor, including adding to the mental health crisis among U.S. teens AND United Arab Emirates (UAE) teens and spreading misinformation […]

Apple Launches ‘Buy Now, Pay Later’ Service in U.S

Apple Inc on Tuesday launched its “buy now, pay later” (BNPL) service in the United States, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna. The service, Apple Pay Later, will allow users to split purchases into four payments spread over six weeks with […]

TikTok Attacked for China Ties as Us Lawmakers Push for Ban

U.S. lawmakers on Thursday battered TikTok’s CEO about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns about the app’s power over Americans. CEO Shou Zi Chew’s testimony before Congress did little to assuage U.S. worries over TikTok’s China-based parent company ByteDance and added fresh […]

Network Fee Not the Fix for European Telecoms Financial Problems, Meta Says

Meta Platforms on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies’ hefty investments. Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two decades […]

As AI Booms, EU Lawmakers Wrangle over New Rules

Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers […]

UK Finance Minister and Bank of England Work to Contain SVB Fallout

Britain’s finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK arm of Silicon Valley Bank, which has been seized by U.S. regulators, the ministry said on Saturday. Talks were scheduled for Saturday to discuss the issues faced by British tech companies affected […]