Tag #Big Tech

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abcnews.go.com

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Apr 17, 04:12

Zuckerberg Testifies in Meta Antitrust Trial

In a federal court antitrust trial, Meta CEO Mark Zuckerberg testified that his acquisitions of Instagram in 2012 for $1 billion and WhatsApp in 2014 for $22 billion were strategic investments to improve his company's offerings, not to eliminate competition, directly contradicting the Federal Trade ...

Zuckerberg Testifies in Meta Antitrust Trial

In a federal court antitrust trial, Meta CEO Mark Zuckerberg testified that his acquisitions of Instagram in 2012 for $1 billion and WhatsApp in 2014 for $22 billion were strategic investments to improve his company's offerings, not to eliminate competition, directly contradicting the Federal Trade ...

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How does the growth of competing platforms like TikTok and YouTube impact the FTC's argument regarding Meta's alleged monopoly?

Zuckerberg's testimony emphasizes the competitive landscape of the social media industry, with platforms like YouTube surpassing Facebook and Instagram in user engagement. The FTC's case hinges on the argument that Meta's acquisitions of Instagram and WhatsApp were intended to suppress competition, but Zuckerberg counters this by focusing on the inherent value he saw in these platforms and their contribution to Meta's mobile transition. Emails cited by the FTC to illustrate Zuckerberg's concern over competitor growth are countered by Zuckerberg's explanation that monitoring competition is essential to his role.

theglobeandmail.com

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Apr 14, 16:11

Meta Faces Antitrust Trial Over Instagram, WhatsApp Acquisitions

Meta Platforms faces a landmark antitrust trial, beginning Monday, alleging its acquisitions of Instagram and WhatsApp created an illegal social media monopoly; the trial will determine whether Meta must divest these assets and set a precedent for future tech antitrust cases.

Meta Faces Antitrust Trial Over Instagram, WhatsApp Acquisitions

Meta Platforms faces a landmark antitrust trial, beginning Monday, alleging its acquisitions of Instagram and WhatsApp created an illegal social media monopoly; the trial will determine whether Meta must divest these assets and set a precedent for future tech antitrust cases.

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What are the immediate consequences if Meta is forced to divest Instagram and WhatsApp?

Meta Platforms faces a historic antitrust trial that could force it to divest Instagram and WhatsApp, acquired in 2012 and 2014 respectively. The FTC alleges these acquisitions stifled competition, creating an illegal social media monopoly. This trial is a major test of the FTC's ability to challenge Big Tech.

pt.euronews.com

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Apr 14, 22:09

EU Seeks 60 More Staff to Enforce Digital Services Act Amidst Big Tech Investigations

The European Commission plans to hire 60 more staff for its Digital Services Act enforcement unit by May 10th due to ongoing investigations into Big Tech platforms like X, Meta, TikTok, and others, despite previously hiring 51 staff in 2024, and facing criticism from the US government.

EU Seeks 60 More Staff to Enforce Digital Services Act Amidst Big Tech Investigations

The European Commission plans to hire 60 more staff for its Digital Services Act enforcement unit by May 10th due to ongoing investigations into Big Tech platforms like X, Meta, TikTok, and others, despite previously hiring 51 staff in 2024, and facing criticism from the US government.

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Peace, Justice, and Strong Institutions

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What is the European Commission's response to the delays and challenges in enforcing the Digital Services Act against Big Tech platforms?

The European Commission seeks to hire 60 more staff for its Digital Services Act (DSA) enforcement unit, as investigations into Big Tech platforms initiated since December 2023 remain incomplete. The Commission aims to recruit legal, political, data science, and research professionals, with applications open until May 10th. This follows a report revealing delays in previous recruitment efforts.

nrc.nl

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Apr 14, 16:12

GPT-NL: A Dutch AI Model Faces Delays Due to Data Scarcity

The Dutch AI model GPT-NL, developed by TNO, NFI, and SURF, is facing delays due to data scarcity, with its training delayed until June 2023 instead of summer 2022, aiming to provide a privacy-focused alternative to large language models developed by American and Chinese tech giants.

GPT-NL: A Dutch AI Model Faces Delays Due to Data Scarcity

The Dutch AI model GPT-NL, developed by TNO, NFI, and SURF, is facing delays due to data scarcity, with its training delayed until June 2023 instead of summer 2022, aiming to provide a privacy-focused alternative to large language models developed by American and Chinese tech giants.

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Quality Education

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How does GPT-NL's approach to data acquisition and usage differ from major competitors, and what are the trade-offs?

The project's delay highlights the difficulty of building a large language model ethically and with limited resources. While GPT-NL prioritizes data privacy by using only consented, anonymized Dutch data, this approach significantly restricts the data volume compared to competitors like Meta's Llama, impacting model performance and training time.

forbes.com

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Apr 12, 22:11

AI's Rapid Adoption, Legal Battles, and Societal Impact

OpenAI announced 800 million regular users of its systems, Google showcased Gemini AI-powered AR glasses, and Meta faces an FTC antitrust trial, while discussions at TED2025 focused on AI's impact on humanity.

AI's Rapid Adoption, Legal Battles, and Societal Impact

OpenAI announced 800 million regular users of its systems, Google showcased Gemini AI-powered AR glasses, and Meta faces an FTC antitrust trial, while discussions at TED2025 focused on AI's impact on humanity.

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What are the most significant immediate impacts of the widespread adoption of AI systems, as reported by OpenAI?

OpenAI reported that 800 million people regularly use its systems, highlighting the rapid adoption of AI globally. At TED2025, discussions centered on AI's impact on humanity, alongside announcements of Google's AR glasses powered by Gemini AI and OpenAI's countersuit against Elon Musk.

repubblica.it

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Apr 9, 13:20

EU's Reactive Tech Policy Hampers Growth

The European Union's reactive approach to technological development, exemplified by its late response to Big Tech's dominance and the GDPR's unintended consequences, has hindered its technological independence and economic growth, contrasting sharply with the proactive strategies of US firms.

EU's Reactive Tech Policy Hampers Growth

The European Union's reactive approach to technological development, exemplified by its late response to Big Tech's dominance and the GDPR's unintended consequences, has hindered its technological independence and economic growth, contrasting sharply with the proactive strategies of US firms.

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Industry, Innovation, and Infrastructure

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How has the EU's regulatory approach, particularly the GDPR, impacted its technological competitiveness and economic growth?

By focusing on reactive legislation instead of proactive technological development, the EU has allowed US Big Tech companies to establish a dominant position. This reactive strategy, exemplified by the GDPR, has resulted in significant bureaucratic burdens and limited the EU's technological independence.

bbc.com

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Apr 15, 22:17

FTC Sues Meta, Seeking Divestiture of Instagram and WhatsApp

A historic antitrust lawsuit against Meta opened Monday, with the FTC alleging Meta illegally bought Instagram and WhatsApp to eliminate competition; a win could force Mark Zuckerberg to divest these platforms.

FTC Sues Meta, Seeking Divestiture of Instagram and WhatsApp

A historic antitrust lawsuit against Meta opened Monday, with the FTC alleging Meta illegally bought Instagram and WhatsApp to eliminate competition; a win could force Mark Zuckerberg to divest these platforms.

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How did Meta's acquisitions of Instagram and WhatsApp allegedly violate antitrust laws?

The FTC's case hinges on evidence suggesting Meta prioritized buying out competitors rather than facing competition. Internal communications from Zuckerberg, including a 2012 memo mentioning "neutralizing" Instagram, are presented as key evidence. Meta counters that these acquisitions enhanced user experience and that it faces competition from other apps.

sueddeutsche.de

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Apr 14, 16:11

FTC Sues Meta, Alleging Antitrust Violations in Instagram and WhatsApp Acquisitions

The FTC is suing Meta, alleging its acquisitions of Instagram and WhatsApp were anti-competitive moves that unlawfully strengthened its market dominance. The case, beginning Monday in Washington, could force Meta to divest itself of these platforms and set a precedent for future tech regulation.

FTC Sues Meta, Alleging Antitrust Violations in Instagram and WhatsApp Acquisitions

The FTC is suing Meta, alleging its acquisitions of Instagram and WhatsApp were anti-competitive moves that unlawfully strengthened its market dominance. The case, beginning Monday in Washington, could force Meta to divest itself of these platforms and set a precedent for future tech regulation.

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What broader implications could this lawsuit have on the future regulation of large technology companies in the United States?

The FTC's argument centers on Meta's alleged anti-competitive behavior in acquiring Instagram and WhatsApp, acquisitions that have made Meta a dominant player in global communication. The FTC alleges that Meta's actions have harmed competition, pointing to internal emails as evidence of the intent behind these acquisitions. Meta counters that its platforms compete with many others, such as TikTok and YouTube, and that the FTC approved these mergers over a decade ago.

euronews.com

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Apr 14, 19:15

EU to Hire 60 More Staff for Digital Services Act Enforcement

The European Commission plans to hire 60 additional staff members for its Digital Services Act (DSA) enforcement unit by May 10, 2025, to address ongoing investigations into major online platforms and reach a total of 200 staff by year's end, despite previous recruitment delays.

EU to Hire 60 More Staff for Digital Services Act Enforcement

The European Commission plans to hire 60 additional staff members for its Digital Services Act (DSA) enforcement unit by May 10, 2025, to address ongoing investigations into major online platforms and reach a total of 200 staff by year's end, despite previous recruitment delays.

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How does the US government's criticism of the DSA impact the EU's efforts to enforce the regulation?

The increased hiring reflects the Commission's ongoing investigations into major online platforms like X, Meta, TikTok, and others for potential DSA violations. None of these probes have concluded, highlighting the complexity and resource demands of enforcing the new regulations across the EU. The expansion to 200 staff demonstrates the EU's commitment to ensuring compliance with the DSA.

npr.org

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Apr 13, 19:13

FTC Sues Meta, Alleging Anti-Competitive Acquisitions of Instagram and WhatsApp

The Federal Trade Commission is suing Meta, alleging its acquisitions of Instagram and WhatsApp were anti-competitive, potentially forcing Meta to divest these platforms; Meta counters that it faced fair competition and the acquisitions were previously approved.

FTC Sues Meta, Alleging Anti-Competitive Acquisitions of Instagram and WhatsApp

The Federal Trade Commission is suing Meta, alleging its acquisitions of Instagram and WhatsApp were anti-competitive, potentially forcing Meta to divest these platforms; Meta counters that it faced fair competition and the acquisitions were previously approved.

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What is the core argument in the FTC's antitrust lawsuit against Meta, and what are its potential immediate consequences?

The FTC alleges Meta illegally maintained its social media monopoly by acquiring Instagram and WhatsApp, eliminating competition. This could force Meta to divest these platforms, impacting its advertising revenue and user experience.

politico.eu

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Apr 10, 01:18

EU to Tweak AI Rules Amid Industry Pressure

Facing industry pressure and a shift in transatlantic relations, the European Union is considering changes to its landmark AI regulations, aiming to simplify compliance and boost investment while balancing industry needs with safety concerns.

EU to Tweak AI Rules Amid Industry Pressure

Facing industry pressure and a shift in transatlantic relations, the European Union is considering changes to its landmark AI regulations, aiming to simplify compliance and boost investment while balancing industry needs with safety concerns.

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Industry, Innovation, and Infrastructure

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How have changing transatlantic relations and industry lobbying influenced the EU's reassessment of its AI regulations?

This shift reflects a change in the EU's approach to AI, moving from a focus on stringent regulation to one that prioritizes boosting investment and competitiveness. The US administration's pressure, coupled with the EU's desire to compete globally, has influenced this change. Industry lobbying has also played a significant role.

nos.nl

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Apr 8, 19:19

Trump Tariffs Devastate US Tech, Apple Loses \$640 Billion

President Trump's import tariffs caused a \$1.816 trillion loss in market value for seven major US tech companies, with Apple losing \$640 billion, due to its reliance on global manufacturing despite efforts to diversify production to India and Vietnam.

Trump Tariffs Devastate US Tech, Apple Loses \$640 Billion

President Trump's import tariffs caused a \$1.816 trillion loss in market value for seven major US tech companies, with Apple losing \$640 billion, due to its reliance on global manufacturing despite efforts to diversify production to India and Vietnam.

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Decent Work and Economic Growth

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What were the immediate financial consequences for major US tech companies due to President Trump's import tariffs?

The US import tariffs imposed by President Trump caused a significant loss of \$1.816 trillion in market value for seven major American tech companies, with Apple experiencing the largest impact at a \$640 billion loss. This resulted in negative media analyses describing the situation as a "complete disaster" and "stock market bloodbath".

Showing 61 to 72 of 164 results