Explainer-Big Tech wants AI to be regulated. Why do they oppose a California AI bill?
By Greg Bensinger SAN FRANCISCO (Reuters) - California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants
Take Five: Scores on the doors for Big Tech
By Karin Strohecker; Pasit Kongkunakornkul, Prinz Magtulis, Vineet Sachdev and Kripa Jayaram (Reuters) - It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over
Trump VP pick supports Big Tech antitrust crackdown
By Jody Godoy (Reuters) - Former U.S. President Donald Trump's vice presidential pick J.D. Vance has openly praised the work of Federal Trade Commission Chair Lina Khan, a sign that the agency's broad approach to antitrust enforcement could enjoy some level
Inside Big Tech’s underground race to buy AI training data
By Katie Paul and Anna Tong NEW YORK (Reuters) - At its peak in the early 2000s, Photobucket was the world's top image-hosting site. The media backbone for once-hot services like Myspace and Friendster, it boasted 70 million users and accounted
Why is the EU probing Big Tech under the Digital Markets Act?
By Martin Coulter LONDON (Reuters) - The European Union (EU) on Monday launched investigations into Alphabet, Apple and Meta for potentially breaching a landmark new law designed to prevent Big Tech having an unfair advantage over competitors. Last year, Brussels designated six
Big Mac goes Big Tech, with a few hiccups
By Waylon Cunningham SAN ANTONIO, Texas (Reuters) - When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. How
As Big Tech scrambles to meet EU rules, investigations seen as likely
By Foo Yun Chee BRUSSELS (Reuters) - From overhauling online platforms to backroom engineering, Google, Apple, Amazon, Microsoft, Meta and TikTok owner ByteDance have scrambled over the last six months to comply with landmark EU tech rules that come into force
Big tech companies are not respecting new EU competition rules
24 companies have urged the European Commission and the European Parliament to exert all possible efforts to ensure that the gatekeepers adhere to both the literal requirements and the underlying principles of the Digital Markets Act. A group of leading technology
Spate of job cuts continues unabated at Big Tech, media firms
By Zaheer Kachwala, Harshita Mary Varghese, Samrhitha Arunasalam, Arsheeya Bajwa and Priyanka.G (Reuters) - Big Tech and media companies in the United States continue to announce fresh job cuts, a sign that the spate of layoffs seen in 2023 could persist