Government - CybAI news

06 Aug

Could Antitrust Ruling Against Google Bring Breakup of the Company?

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Alphabet Inc.’s Google lost the biggest antitrust challenge it has faced when a US judge found Aug. 5 that it illegally monopolized the search market. It was a major win for the US Justice Department and state attorneys general and could result in the breakup of the 25-year-old company. Judge Amit Mehta of the US District Court for the District of Columbia ruled that $26 billion in payments that Google made to other companies to make its search engine the default option on smartphones and web browsers effectively blocked any other competitor from succeeding in the market. Mehta’s ruling came…

06 Aug

China Vanke Sales Slump Extends, Adding to Debt Woes

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China Vanke Co.’s sales slump extended in July, adding to liquidity pressure at the developer that’s become the latest focal point of the nation’s property crisis. Contracted sales for the month slumped 13% from a year earlier to 19.2 billion yuan ($2.7 billion), following a 29.3% slide in June, corporate filings show. The total was 24% lower on month. Source link lol

06 Aug

Meta Apologizes for Removing Malaysian PM’s Social Media Posts

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Meta Platforms Inc. said it was sorry about removing Malaysia Prime Minister Anwar Ibrahim’s posts on its platforms that paid tribute to a top Hamas political leader who was killed last month.“We apologize for an operational error where content from the Prime Minister’s Facebook and Instagram Pages were removed, and the content has since been restored with the correct newsworthy label,” a Meta spokesperson said Tuesday in a statement. Source link lol

05 Aug

Apple’s Shift to AI Is Poised to Soften Blow From Google Ruling

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Google’s defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple Inc., which generates roughly $20 billion a year in payments from the internet search giant. Apple shares slipped almost 5% on Monday after a judge ruled that Google’s payments to device makers — made in return for its search engine getting preferential placement — were illegal. The decision handed a win to the Justice Department in its first major antitrust case against Big Tech in more than two decades. Source link lol

05 Aug

Palantir Ups Profit Outlook, Says AI Has ‘Transformed’ Business

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Palantir Technologies Inc.’s stock jumped in extended trading after the company raised its annual outlook, citing continuing demand for its artificial intelligence software.Palantir also topped analyst estimates for sales and profit for the quarter, helping send its stock up more than 15% after the results were released. Source link lol

01 Aug

To Lead in AI, the US Needs a Silicon Revolution

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One thing that US politicians seem to agree on, despite a great many other differences, is that the country needs to lead technologically to maintain a position of economic and geopolitical preeminence. How to ensure such leadership will be a critical question for the next US president and his or her staff.The past two administrations have taken some extraordinary steps to maintain an edge in both chipmaking and AI, two fields that are inextricably and intricately entwined. The US and its allies have restricted exports of cutting-edge chips and silicon-manufacturing equipment to key geopolitical rivals (aka China). In 2022, the…

30 Jul

Google’s Anthropic AI Deal Gets Closer UK Regulator Scrutiny

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Google’s partnership with US startup Anthropic will get deeper scrutiny from the UK’s antitrust watchdog, adding to the growing number of probes into the wave of big tech investment in artificial intelligence. The Competition and Markets Authority said Tuesday it was gathering information from market players to determine whether the Alphabet Inc. unit’s tie up qualifies as a merger and harms UK competition. Source link lol

26 Jul

ISPs are fighting to raise the price of low-income broadband

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A new government program is trying to encourage Internet service providers (ISPs) to offer lower rates for lower income customers by distributing federal funds through states. The only problem is the ISPs don’t want to offer the proposed rates. obtained a letter sent to US Commerce Secretary Gina Raimondo signed by more than 30 broadband industry trade groups like ACA Connects and the Fiber Broadband Association as well as several state based organizations. The letter raises “both a sense of alarm and urgency” about their ability to participate in the Broadband Equity, Access and Deployment (BEAD) program. The newly formed BEAD…

25 Jul

New Jersey’s $500 Million Bid to Become an AI Epicenter

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New Jersey has a new plan to become the US hub for AI innovation. The state’s governor signed a law on Thursday that will offer up to $500 million in tax credits for artificial intelligence companies to set up shop in the state.“We want New Jerseyans to stand at the forefront of the AI revolution—and build a more prosperous world in the process,” New Jersey’s Governor, Phil Murphy, a Democrat, said in a statement. “And in so doing, we are going to establish New Jersey as the home-base for R&D in generative AI.”AI companies and data centers that power AI…

05 Jul

How Labour Can Fix the UK’s Tech Industry

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One way for Labour to unlock capital is to leverage the power of pensions and allocate more of their funds to venture capital to fill the Series A funding gap, says Edward Prior, head of investor services at early-stage VC fund SFC Capital. “There’s more US pension fund money in UK startups than there is UK pension fund money,” he argues.“Yes, we need to be the best place to start a business, and we really are on a world-leading footing with that, but we also need to be the best to scale a business, because we are losing too much…