tech
Washington (AFP) - After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business. Launched under both the Trump and Biden administrations, five major cases from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) are moving forward against major US technology companies -- including two against Google that could see the company split up. The most recent came in March against Apple by the FTC, which alleges the iPhone...
AFP
San Francisco (AFP) - Sam Altman, the CEO of ChatGPT creator OpenAI, has become a billionaire, Forbes said Monday. Altman, who became the face of the global AI frenzy when his company released ChatGPT in 2022, cracked the magazine's list of billionaires in the 2,692nd position. The financial news outlet said that Altman's wealth came mainly from his investments in startups, such as Reddit, which was recently floated on the New York stock exchange, and payments company Stripe, which is currently estimated to be worth $65 billion. The 38-year-old has also invested in more recent ventures, such a...
AFP
Washington (AFP) - Facebook giant Meta on Friday asked a federal judge to dismiss a case from a powerful US antitrust authority that could see the social media juggernaut forced to sell Instagram and WhatsApp. The lawsuit, filed in December 2020 by the Federal Trade Commission, centers on Meta's acquisitions of Instagram and WhatsApp, which the FTC argues stifled competition in the market for social networks. In the usual practice of trying to have the case dismissed before reaching trial, Meta said in a motion that its acquisitions were "good for consumers and businesses" and won approval by ...
AFP
Washington (AFP) - Facebook and Instagram giant Meta on Friday said it will begin labeling AI-generated media beginning in May, as it tries to reassure users and governments over the risks of deepfakes. The social media juggernaut added that it will no longer remove manipulated images and audio that don't otherwise break its rules, relying instead on labeling and contextualization, so as to not infringe on freedom of speech. The changes come as a response to criticism from the tech giant's oversight board, which independently reviews Meta's content moderation decisions. The board in February r...
AFP
Washington (AFP) - Users with big followings will receive a free subscription to X, formerly Twitter -- and the platform's famous blue check, the company said in another policy U-turn. Before Musk, the blue check mark was used as a verification system for major accounts including celebrities, institutions and journalists. But Musk saw the system as unfair to regular users and overhauled the blue checks so that they went only to paying subscribers, which meant thousands of holders were stripped of the feature. Late Wednesday, some users were surprised and even angry to find the blue tick reinst...
AFP
Brussels (Belgium) (AFP) - The EU on Monday hit Apple, Google parent Alphabet and Meta with the first ever probes under a mammoth digital law, which could lead to big fines against the US giants. Among six firms named as market "gatekeepers" under the EU's landmark Digital Markets Act -- along with Amazon, TikTok owner ByteDance and Microsoft -- the companies have been obliged to comply with the new law since March 7. "We are not convinced that the solutions by Alphabet, Apple and Meta respect their obligations for a fairer and more open digital space for European citizens and businesses," sai...
AFP
New York (AFP) - Shares of social media company Reddit soared nearly 50 percent on the New York Stock Exchange Thursday in a buoyant market debut that raised hopes about the IPO market. The company, which trades under the ticker RDDT, finished at $50.44, up 48.4 percent from its initial public offering price, lifting the valuation to around $8 billion. The hot trading debut came after the company's IPO priced at the upper end of the range, raising a bit more than $500 million. Market watchers were not sure what to expect from Thursday's start given Reddit's record of annual losses and skeptici...
AFP
Washington (AFP) - Call it a "walled garden" or an ecosystem, but at the heart of Thursday's blockbuster US lawsuit against Apple are the many ways the company gets customers to remain faithful to its products. Apple versus PCsVery early on in its nearly half-century history, Apple made a decision that its products were to stand out alone and shouldn't be combined with products from other companies. With fans touting its better design and easier interface, Apple computers often drew the vitriol of PC users who equated its products as a technological straitjacket, denying users flexibility to a...
AFP
Washington (AFP) - The US Department of Justice sued Apple on Thursday, accusing the tech giant of illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers. The lawsuit, also brought by multiple US states, said Apple raked in hundreds of billions of dollars by allegedly making it difficult for consumers to switch to cheaper smartphones and devices. The long anticipated case against Apple sees the company founded by Steve Jobs in 1976 clash with Washington after largely escaping US government scrutiny for nearly a half century. It joins ...
AFP
San Francisco (AFP) - DeepMind co-founder Mustafa Suleyman will become the head of a newly created consumer AI unit at Microsoft, the scientist and entrepreneur said on Tuesday. Suleyman is one of the biggest names in the artificial intelligence revolution that is taking the technology world by storm and his hiring is a major move by Microsoft, which already partners with ChatGPT creator OpenAI. Of all the tech giants, Microsoft has moved the fastest into adopting generative AI, integrating its powers into a whole range of products, most notably through its Copilot chatbot. "I'm excited to ann...
AFP
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