July 17, 2024
European Commission Asking Competitors About Effects of Google-Samsung AI Deal
The European Commission is reportedly looking into whether Google’s generative artificial intelligence (AI) deal with Samsung keeps other companies’ chatbots off Samsung smartphones. The antitrust regulator is asking industry participants...
July 17, 2024
Amazon Prime Day First Day Sales Reach $7.2 Billion Amid...
Amazon Prime Day’s opening day reportedly generated $7.2 billion in U.S. sales. That’s according to a report Wednesday (July 17) by Reuters, citing data from Adobe Analytics. That data, the...
July 17, 2024
Bargain Hunters Fuel Amazon’s Prime Day Participation
With years of financial challenges compounding shoppers’ deal-seeking behaviors, Amazon and its competitors are seeing spiking demand for their summer deals events. Early reports suggest that Amazon Prime Day, the...
July 17, 2024
Chase to Decline Credit Card Payments for Third-Party BNPL Plans
Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s...
July 17, 2024
Anthropic and Menlo Ventures Launch $100 Million AI Startup Fund
Anthropic and Menlo Ventures have launched a $100 million fund for artificial intelligence (AI) startups. “We created this fund to fuel the next generation of AI startups through the powerful...
July 16, 2024
Amazon Prime Day Sales Outpace 2023 Event in First Hours
The first hours of Amazon’s Prime Day reportedly saw sales outpacing those of last year’s event. During the first seven hours of the event on Tuesday (July 16), sales were...
July 16, 2024
Trump Running Mate J.D. Vance’s Antitrust Views Divide Business Leaders
It is an election year — and political uncertainty is top of mind for businesses. With the news Monday (July 15) that presidential candidate Donald Trump has picked Senator J.D....
July 16, 2024
Google’s €470 Million Offer Fails to Deter EU Cloud Firms...
Google attempted to sway a group of EU cloud firms with a package valued at approximately €470 million ($512 million) to maintain their antitrust complaint against Microsoft Corp., Bloomberg reported....
July 16, 2024
Report: Amazon/Adept Deal Subject of FTC Inquiry
A U.S. regulator reportedly wants more information on Amazon’s deal with AI startup Adept. The Federal Trade Commission (FTC) has asked Amazon for details about the arrangement to hire researchers...
