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BIG TECH FINES EU
EU to crack down on AI deepfakes, illicit imagery and hacking with new team in BrusselsThe European Union has launched a new team to regulate AI companies worldwide. This initiative aims to track AI model usage for violations ...- What are open weight AI models and why are they dividing Big Tech?AI models learn by adjusting billions of numerical parameters during training. These parameters, called weights, help the model understand ...
- AI Boost: Amazon shares jump on blockbuster earnings, upbeat outlookAmazon exceeded second-quarter expectations as strong AWS growth, expanding AI businesses and rising cloud demand boosted profits, reinforc...
- European Union aims for seven AI gigafactories with €10 billion plan in race with US, ChinaThe European Union will fund seven artificial intelligence gigafactories across the bloc. This initiative aims to close the technology gap ...
- AI Big Short? Why rising credit default swaps are spooking investors and how is it similar to 2008 housing crisisRising credit default swaps on major technology companies are fuelling concerns over a potential AI-driven market correction. Investors are...
- India-EU FTA includes dedicated framework to address CBAM concerns, says commerce officialIn the India-European Union free trade agreement, a proactive framework for a carbon border adjustment mechanism is established, aimed at p...
- Lok Sabha passes anti-paper leak Bill to tighten exam fraud penaltiesThe Lok Sabha has passed an amendment to the Public Examinations Act aimed at combating examination fraud and paper leaks. This new legisla...
- Trump administration imposes $84 billion in civil fines immigrantsThe US Department of Homeland Security said it has issued more than $84 billion in civil fines to undocumented immigrants who remain in the...
- From AI boom to valuation worries: Why investors are rethinking big tech betsNvidia-led semiconductor stocks came under pressure as investors reassessed lofty AI valuations, concerns over infrastructure spending and ...
- Made by AI? EU tells firms to stick a label on it from SundayEuropean Union's new artificial intelligence rules mandate labeling of AI-generated content. These regulations aim to ensure users can dist...
- Google rivals line up seeking damages after record $1 billion fineGoogle faces new costly lawsuits in Europe after losing a key case. Smaller rivals are now demanding up to ten billion dollars in damages. ...
- Trump says US to launch EU probe over 'illegal' Google fineUnited States President Donald Trump criticized the European Union's decision to fine Alphabet's Google. He announced an immediate probe in...
- TikTok charged with breaching EU tech rules on online safety for kids, EU saysTikTok faces EU charges for allegedly failing to protect minors from cyberbullying and predators through its account and privacy settings. ...
- Alphabet's cash burn raises alarm for Big Tech as AI spending climbsAlphabet's significant cash burn highlights increasing artificial intelligence spending pressures. Big Tech firms now face higher outlays, ...
- EU hits Google with $1 billion fine over its Play app store and searchThe European Union has fined Google 890 million euros for antitrust violations. This action targets Google's practices on its search engine...
- France bans social media access for children under 15; becomes 1st European country to bar kids from apps such as TikTokFrance has banned children under fifteen from using social media platforms. This new legislation also prohibits mobile phones within French...
- US lawmakers urge Donald Trump to act against EU tech rules, suggest trade probesIn a letter, the lawmakers focused on the European Union's Digital Markets Act aimed at reining in the power of Amazon, Apple, Booking Hold...
- No liability exemption for Google in Italian YouTube spat, EU court saysThe case before the Luxembourg-based Court of Justice of the European Union (CJEU) centred on a spat between Google and Italy's communica...
- Google loses court fight against $854,250 Italian fine over gambling advertisingEurope's top court upheld a fine against Google's YouTube platform. This ruling concerns gambling advertisements shown on the video service...
- EU tells Meta to change Facebook, Instagram's 'addictive design'The European Union has warned Meta to alter Facebook and Instagram's addictive design features. Brussels accuses the tech giant of failing ...
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