Tag #Big Tech

cnbc.com
🌐 85% Global Worthiness
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Big Tech's Continued Dominance Drives S&P 500 Gains

Between the start of 2024 and December 19th, the S&P 500 rose 23%, with seven leading tech companies contributing over half of those gains, defying hopes for a broader market rally despite interest rate cuts and a change in presidential leadership.

Progress

36% Bias Score

Reduced Inequality
abcnews.go.com
🌐 85% Global Worthiness
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S&P 500 Soars 24.3% in 2024 Amidst Record High Office Vacancies

The S&P 500 index reached record highs in 2024, rising 24.3% due to Federal Reserve interest rate cuts and investor optimism following Donald Trump's election; however, high office vacancy rates signal potential economic shifts.

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40% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Trump's Antitrust Nominees Signal Continued Big Tech Scrutiny, but with a Potentially Softer Approach

President-elect Trump's selection of antitrust regulators signals continued scrutiny of Big Tech, but with a potential shift towards less severe penalties and a greater emphasis on behavioral remedies compared to the Biden administration's approach; the ongoing legal battles against Amazon, Apple, G...

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44% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Big Tech Courts Trump for Favorable Policy

Major tech CEOs, including Tim Cook (Apple), Sam Altman (OpenAI), Mark Zuckerberg (Meta), Masayoshi Son (SoftBank), and Jeff Bezos (Amazon), are actively courting President-elect Trump, donating heavily to his inauguration fund and engaging in personal meetings to shape policy decisions regarding AI...

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48% Bias Score

Industry, Innovation, and Infrastructure
forbes.com
🌐 85% Global Worthiness
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USPTO Director Appointment: Crucial for American Innovation

The next USPTO director's appointment is critical for American innovation, requiring a leader who supports startups and independent inventors to counter Big Tech's dominance and foster economic growth.

Progress

56% Bias Score

Decent Work and Economic Growth
aljazeera.com
🌐 85% Global Worthiness
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Australia to Tax Big Tech for Failing to Share Revenue with News Outlets

Australia will impose a tax on Big Tech companies like Meta and Google from January 1, 2024, if they don't reach revenue-sharing agreements with local news organizations, aiming to protect public interest journalism and address the crisis impacting hundreds of Australian journalists who lost their j...

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40% Bias Score

Reduced Inequality
us.cnn.com
🌐 75% Global Worthiness
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US Stocks Plunge on Friday Despite Year of Record Highs

US stocks fell sharply on Friday, December 27th, 2024, with the Dow Jones Industrial Average down 350 points (0.7%), the S&P 500 down 1.2%, and the Nasdaq Composite down 1.6%, due to profit-taking in the tech sector and thin trading volume during the holiday week, despite a year of record highs.

Progress

52% Bias Score

Reduced Inequality
nbcnews.com
🌐 90% Global Worthiness
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Record Corporate Donations Flood Trump's Inaugural Committee

Top CEOs and companies are donating millions of dollars to President-elect Trump's inaugural committee, exceeding previous records and signaling a strategy to influence the incoming administration, particularly in light of potential regulatory changes and Trump's emphasis on personal relationships.

Progress

56% Bias Score

Reduced Inequality
abcnews.go.com
🌐 85% Global Worthiness
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Big Tech Courts Trump, Seeking Regulatory Favor

Major tech CEOs, including Tim Cook, Sam Altman, and Mark Zuckerberg, are actively courting President-elect Trump, making significant donations and offering policy recommendations to influence AI regulation and antitrust enforcement, in a sharp shift from previous conflicts.

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52% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Creative Industries Coalition Demands Copyright Protection Against AI

Over 40 UK creative industry organizations launched the Creative Rights in AI Coalition, demanding government action against AI companies' unauthorized use of copyrighted material to train AI systems, citing potential losses of over £100 billion annually and calling for a global standard.

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44% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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AI Revolution to Favor Smaller Tech Firms: Liontrust

Liontrust Asset Management predicts that smaller technology companies will lead the AI revolution, offering investment opportunities in AI infrastructure firms like Broadcom, Amphenol, and Arista, while Nvidia is poised to become the dominant player, similar to Apple's role in the smartphone era.

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64% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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Australia to Tax Big Tech for News Funding

Australia's government announced a new law requiring tech firms earning over A$250 million annually to pay Australian news publishers for content or face higher taxes, starting January 2025, aiming to address power imbalances and support local journalism after Meta ended payment deals, causing A$200...

Progress

44% Bias Score

Decent Work and Economic Growth