Big tech share prices were dented by a sector-wide sell-off of risky assets last week, ahead of earnings results for some of the 'Magnificent Seven'.
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...
The more I read and write about AI, the firmer I get in my conviction that Big Tech incumbents absolutely must strangle the decentralized AI in its cradle before it wrecks everything.Take a look at this interview Ben Thompson did with OpenAI’s Sam Altman and Microsoft CTO Kevin Scott. I call your attention to this part in particular:From Microsoft’s perspective, is this going to be a funnel into new products or do you see it as an end goal in and of itself, winning search?KS: So I think you hit...
CNBC's Jim Cramer said next week's PCE index report will be the real gauge of inflation.
European Union antitrust chief Margrethe Vestager, who has been looking into Big Tech's partnerships with AI start-ups, met on Friday fast-growing French start-up company Mistral AI and said the sector needs more competition. In February, Microsoft invested $16 million in Mistral AI and partnered with them to make its artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI. Other high-profile AI partnerships include Amazon and Google's...
Microsoft and Amazon asked to comment on tie-ups, a move that paves way for formal investigationThe UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial intelligence startups, asking for comment on three deals by Microsoft and Amazon.The Competition and Markets Authority (CMA) announced that it was examining Microsoft’s investment in the French firm Mistral and the hiring of the DeepMind co-founder Mustafa Suleyman as head of the US company’s new AI division....
The FTC has decided to ban all new noncompete agreements and most existing ones in the US after receiving thousands of comments overwhelmingly in favor of the measure. The new regulation will take effect 120 days after its publication in the federal registry, but the commission has not yet indicatedRead Entire Article
In this week’s Digiday+ Research Briefing, we examine BuzzFeed’s plans to pivot the business to an AI-driven tech and media company, how marketers’ use of X and ad spending has dropped dramatically, and how agency executives are fed up with Meta’s ad platform bugs and overcharges, as seen in recent data from Digiday+ Research.
Experts say tech outages do seem to be happening more often.
If anyone had any doubts about Meta’s long-term commitment to artificial intelligence (AI), they were erased in the first minute of the company’s earnings call on Wednesday (April 24). While analysts were waiting to hear about the return on investment in the technology would bring, CEO Mark Zuckerberg made it clear that AI is on a two-to-three-year development roadmap. AI […]
Meta released the first two versions of its Llama 3 large language model on Thursday. The technology powers Meta AI and the company says the new models have improved reasoning and code generation.
National cybersecurity experts have shelved a vote on a draft EU cybersecurity label allowing Amazon, Alphabet's Google and Microsoft to bid for highly sensitive EU cloud computing contracts to May, people familiar with the matter said on Tuesday. The European Union wants to introduce a cybersecurity certification scheme (EUCS) to vouch for the cybersecurity of cloud services and help governments and companies pick a secure and trusted vendor for their cloud computing business. However,...