Big Tech

SAP Pushes Back on EU Regs as FDA Tightens AI Oversight
SAP Pushes Back on EU Regs as FDA Tightens AI Oversight
October 23, 2024  |  artificial intelligence

European tech leaders warn against stifling AI innovation as SAP’s CEO pushes back on European Union regulations. At the same time, the FDA rolls out...

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Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
October 18, 2024  |  Regulation

Through the past several weeks and months, the drumbeat’s grown louder for regulations at the federal level to govern nonbanks — especially FinTechs, neobanks and...

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Meta Axes Staff for Abusing Food Perks Amid Wider Layoffs
Meta Axes Staff for Abusing Food Perks Amid Wider Layoffs
October 17, 2024  |  Meta

Meta has reportedly fired around two dozen staffers for misusing their meal credits. The firing, as reported Wednesday (Oct. 16) by the Financial Times (FT),...

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DOJ Wants to Shrink Big Tech by Breaking Up Google
DOJ Wants to Shrink Big Tech by Breaking Up Google
October 09, 2024  |  ANTITRUST

The U.S. government is asking a federal district judge to compel Google to break up its core businesses.  The Department of Justice (DOJ) said in a Tuesday court...

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OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
October 02, 2024  |  artificial intelligence

OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The...

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Meta Teams With UK Banks to Fight Scammers
Meta Teams With UK Banks to Fight Scammers
October 02, 2024  |  Security & Fraud

Meta launched an anti-fraud information-sharing partnership with banks in the United Kingdom. The Fraud Intelligence Reciprocal Exchange (FIRE) is a “threat intelligence sharing program” that...

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Big Tech’s Undersea Cable Empire is Building Tomorrow’s Digital Economy
Big Tech’s Undersea Cable Empire is Building Tomorrow’s Digital Economy
October 01, 2024  |  Connected Economy

Innovation can’t exist without foundational infrastructure networks to support it. Last week, PYMNTS reported that the Global AI Infrastructure Investment Partnership, which is spearheaded by Microsoft, BlackRock...

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OpenAI’s Shift to For-Profit Model Changes the Game for AI Competition
OpenAI’s Shift to For-Profit Model Changes the Game for AI Competition
September 30, 2024  |  artificial intelligence

OpenAI, the creator of ChatGPT, is reportedly considering transitioning to a for-profit model. This strategic pivot is reshaping the artificial intelligence (AI) landscape, raising questions...

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Microsoft’s Omnipresence Catches Eye of German Antitrust Watchdog
Microsoft’s Omnipresence Catches Eye of German Antitrust Watchdog
September 30, 2024  |  ANTITRUST

Microsoft’s size and scope has gotten the attention of Germany’s antitrust regulator. The Federal Cartel Office announced Monday (Sept. 30) that it was placing the...

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