The Biden administration on Thursday accused Meta Platforms Inc of trying to buy its way to dominance in the metaverse, kicking off a high-profile trial to try to prevent the Facebook parent from buying virtual reality app developer Within Inc. The FTC sued in July to stop the deal, saying Meta’s acquisition of Within would […]
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In the age of social media, it is difficult to differentiate when an individual excessively shares on their social platforms. Yet sharing our personal information is not always within our control. The Forbes TikTok conflict started on October 20, 2022, when the leading business magazine published an article accusing TikTok’s parent company, ByteDance, of taking […]
U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White House official said on Wednesday, but he stressed it has not yet made a final decision on a potential mechanism regulating U.S. investments in China. National Security Council official Peter Harrell heralded the administration’s efforts to kick-start U.S. chipmaking […]
On a busy downtown street, three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard, they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle halt, while the safety driver looks on […]
The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that U.S. cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said. Authorities are concerned Huawei could obtain sensitive data on military […]
A top official at the U.S. Securities and Exchange Commission (SEC) signalled on Thursday that stricter rules around crypto stablecoins could be drawing closer. Cryptocurrency markets have an overall value of about $1 trillion this week amid the collapse of the stablecoin TerraUSD and a destabilising plunge in Tether, currently the world’s largest stablecoin by […]
U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market. In a speech on digital assets policy released by the Treasury, Yellen said that in many cases regulators already […]
The Biden administration announced Wednesday it is putting new export limits on Israel’s NSO Group, the world’s most infamous hacker-for-hire company, saying its tools have been used to “conduct transnational repression.” The company, whose spyware researchers say has been used around the world to break into the phones of human rights activists, journalists, and even […]
A former Facebook data scientist has stunned lawmakers and the public with revelations of the company’s awareness of apparent harm to some teens from Instagram and her accusations of dishonesty in its fight against hate and misinformation. Now she is coming before Congress. Frances Haugen has come forward with a wide-ranging condemnation of Facebook, buttressed […]
Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025 — a dramatic investment in the future of EV technology that will create an estimated 10,800 jobs and shift the automaker’s future manufacturing footprint toward the South. The factories, to be built on […]