Meta has been issued a record 1.2 billion euro fine ($1.3 billion) by a European Union privacy regulator for the way it handles user data when transferring it between Europe and the…
Alphabet Shares Jump After AI-Focused Developer Conference
Shares of Alphabet, the parent company of Google, are trading at their highest price since last August, as the company made major announcements about its artificial intelligence offerings at its developer conference. …
IBM Stops Hiring People for Some Jobs AI Can Do
IBM will halt hiring in non-customer-facing positions that could be carried out by artificial intelligence, the company’s CEO Arvind Krishna told Bloomberg. Krishna said the job cuts will primarily affect roles such…
U.K. Introduces Bill Boosting Regulator Power to Curb Big Tech Competition Abuses
The government of the United Kingdom has published a draft bill that would give its independent competition regulator extended powers to fine Big Tech companies for competition abuses. The Digital Markets, Competition…
Netflix Pushes Back Password-Sharing Crackdown
TV-streaming company Netflix posted a mixed quarterly financial report this week, as it pushed back the rollout of its new password-sharing crackdown initiative. Netflix originally said the rollout, which will make it…
AI to Affect ‘Every Product of Every Company’ —Google’s Pichai
Alphabet CEO Sundar Pichai said society will need to adapt to the new capabilities of AI, and “every product of every company” will be impacted by the technology. Pichai talked at length…
PC Shipments Dropped Sharply in First Quarter of 2023
The PC market suffered a disappointing first quarter, with two analysts reporting worldwide shipments of desktops and laptops were down around 30% compared to the same period last year. IDC reported that…
Twitter to Limit Recommended Timeline to Verified Users
Elon Musk’s Twitter appears to be entering a new phase of changes and unrest, as the social media platform announced major alterations to its algorithms after a week of mostly bad news. …
Baidu Shares Drop after Company Unveils ChatGPT Competitor
China’s Baidu has unveiled Ernie bot, a Chinese-language competitor to OpenAI’s ChatGPT, but warned the product is not perfect. Shares in the company fell nearly 6.4% to their lowest point since January…
China to Revamp Tech Oversight, Establish National Data Bureau
China has announced plans to form a national data bureau, as it attempts to coordinate its data resources and achieve the “digital China” vision put forward by President Xi Jinping. The new…