regulation

17 Aug

Real Estate Agent Commissions Are Changing. Here’s How It’ll Work

stp2y0 CommentsRAG modelsGovernment, Indiana, Indianapolis, Jake Johnson, JULY SARL/CAEN, Missouri, New Jersey, Real Estate, REDFIN CORP, regulation, Technology

Real estate agents and US housing experts have had the date circled on their calendars for months: Aug. 17, when the terms of a class-action settlement over industry compensation practices will take effect.The changes laid out in the agreement are technical, revolving around paperwork consumers complete at the beginning of the buying or selling process, and they add new wrinkles to an already complicated undertaking. Agents currently command a 5% or 6% fee that gets divvied up between both sides, but the rules are poised to shift power away from them, and drive down commissions over time. Source link lol

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16 Aug

Fortnite Publisher Debuts Mobile Storefront After Years in Court

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, APPLE INC, apps, EPIC GAMES INC, europe, ios, iphone, regulation, Technology, Tim Sweeney

Epic Games Inc. is launching a new mobile storefront Friday after four years of legal wrangling with Apple Inc. and Alphabet Inc.’s Google over their app-store practices.Chief Executive Officer Tim Sweeney expects Epic Games’ mobile versions of the popular titles Fortnite, Rocket League and Fall Guys to draw in gamers on Android devices worldwide and iOS products in the European Union. By the end of the year, the company wants to attract 100 million new installs on mobile devices, which are responsible for half of the $188 billion games market. Source link lol

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16 Aug

Jack Ma-Backed Ant Weighs Buying Health-Care Platform Haodf

stp2y0 CommentsRAG modelsartificial intelligence, BEIJING HAODF ONLINE NETWORK, business, China Renminbi Spot, fintech, Government, Markets, regulation, startups, Technology, TENCENT HOLDINGS LTD, Wealth Management

Jack Ma-backed Ant Group Co. is in discussions to acquire Chinese online platform Haodf.com to beef up its artificial intelligence services in health care, according to people familiar with the matter.The fintech company is seeking to integrate its technology with a platform like Haodf that provides online consultations with doctors, the people said, requesting not to be named because the discussions are private. The deliberations are still preliminary and could be subject to change, the people said. Source link lol

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16 Aug

Japan’s Foreign Trade Law Adds Chip Gear to Secure Supply Chains

stp2y0 CommentsRAG modelsAsia, business, Fumio Kishida, Government, japan, law, politics, regulation, Technology

Japan has decided to apply foreign trade regulations to chipmaking equipment as part of its efforts to secure stable supply chains, the Ministry of Finance said on Friday. Foreign investors are now required to give prior notice when conducting direct investment in equipment tied to chipmaking, including acquiring a 1% or bigger stake in a listed company or buying shares in an unlisted company, the ministry said. Source link lol

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15 Aug

Starlink Competitor AST Soars After Confirming Satellite Launch

stp2y0 CommentsRAG modelsAST SPACEMOBILE INC, AT&T INC, Elon Reeve Musk, Federal Communications Commission, Florida, regulation, Scott Wisniewski, smartphone, Technology, VERIZON COMMUNICATIONS INC, Wireless

AST SpaceMobile Inc. jumped more than 50% to close at a record high after the satellite communication company confirmed an early September window for its inaugural commercial launch of a network in low-Earth orbit.The Midland, Texas-based company is working with partners including AT&T Inc. and Verizon Communications Inc. on a plan to provide wireless service from space to regular consumer smartphones, a market also being targeted by SpaceX’s Starlink. The stock surge places AST SpaceMobile’s market value at more than $8 billion. Source link lol

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15 Aug

Nvidia-Backed Cohesity Is Profitable, With 26% Revenue Growth

stp2y0 CommentsRAG modelsCash Flow, Government, infrastructure, IPOs, Markets, NVIDIA CORP, regulation, Sanjay J Poonen, startups, Technology, Utilities

Data security and management startup Cohesity is profitable and experienced revenue growth of 26% for its latest fiscal year, Chief Executive Officer Sanjay Poonen said in an interview on Bloomberg Television.Cohesity is backed by the SoftBank Vision Fund and Nvidia Corp. The company closed the fiscal year with $549 million in revenue, representing 26% growth from a year prior, Poonen said. It also turned free cash flow positive. Source link lol

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15 Aug

Point72 Stake Sends Bitcoin Miner Higher as Short-Seller Attacks

stp2y0 CommentsRAG modelsartificial intelligence, bitcoin, Debt, Executives, finance, infrastructure, Markets, Paul B Prager, regulation, Technology, TWITTER INC

It’s Steve Cohen’s hedge fund versus an activist short-seller in the stock market today. And so far, Cohen is winning.Bitcoin mining company TeraWulf Inc. rallied as much as 18% on Thursday after Cohen’s Point72 Asset Management disclosed a 1.3% stake in the company in its second-quarter report to the Securities and Exchange Commission. The shares maintained most of those gains following a reportBloomberg Terminal published by Grizzly Research that accused the miner of enriching insiders at the expense of investors. Source link lol

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15 Aug

Researchers Have Ranked the Nicest and Naughtiest AI Models

stp2y0 CommentsAIartificial intelligence, fast forward, google gemini, regulation

Bo Li, an associate professor at the University of Chicago who specializes in stress testing and provoking AI models to uncover misbehavior, has become a go-to source for some consulting firms. These consultancies are often now less concerned with how smart AI models are than with how problematic—legally, ethically, and in terms of regulatory compliance—they can be.Li and colleagues from several other universities, as well as Virtue AI, cofounded by Li, and Lapis Labs, recently developed a taxonomy of AI risks along with a benchmark that reveals how rule-breaking different large language models are. “We need some principles for AI…

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15 Aug

MGM Resorts Joins With Grupo Globo for Online Betting in Brazil

stp2y0 CommentsRAG modelsBETMGM, brazil, Gambling, Gary Matthew Fritz, GRUPO GLOBO, MGM RESORTS INTERNATIONAL, regulation, Rio de Janeiro, Sao Paulo, sports, Technology

MGM Resorts International formed a joint venture with Rio de Janeiro’s Grupo Globo to tackle the growing Brazilian sports and online betting market.If their license is approved later this year, the pair plan to launch in early 2025 under the BetMGM brand, according to a statement from the companies. The operation will be headquartered in Sao Paulo. Source link lol

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15 Aug

SEC Says It Fined 26 Firms in Latest WhatsApp Probe Fallout

stp2y0 CommentsRAG modelsAMERIPRISE FINANCIAL INC, BANK OF NEW YORK MELLON CORP, Commodity Futures, industries, LPL FINANCIAL HOLDINGS INC, RAYMOND JAMES FINANCIAL INC, regulation, ROYAL BANK OF CANADA, Technology, TORONTO-DOMINION BANK, TRUIST FINANCIAL CORP, US Securities and Exchange Commission

Twenty-six financial firms agreed to pay about $393 million in total fines after the US Securities and Exchange Commission said they failed to keep their employees’ electronic communications, the latest fallout from the regulator’s so-called WhatsApp investigations.The SEC said that Ameriprise Financial Inc., Edward D. Jones & Co., LPL Financial Holdings Inc., Raymond James Financial Inc. will pay $50 million each to settle cases with the agency. A Royal Bank of Canada unit will pay $45 million, while parts of Toronto-Dominion Bank, Truist Financial Corp. and Bank of New York Mellon Corp. were also among those agreeing to penalties, the…

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