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CONSUMER PROTECTION BIGTECH
IMF flags rising financial stability risks as BigTech expands deeper into payments, lending and financial servicesThe International Monetary Fund (IMF) has warned that the growing role of large technology companies in financial services could pose risks...- 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 ...
- 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...
- New York won't build big data centers for a year as it weighs energy and climate risksThe move pushes the state into a raging debate over how to regulate the AI industry, as concerns over rising electric bills and environment...
- White House to rally utilities, data centers over AI power costsThe White House plans a voluntary pledge for utility companies and data centers. This initiative aims to manage AI's growing electricity de...
- EU to limit children's access to social media graduallyThe European Union is considering phased and gradual access to social media for children. Experts recommend supervised use of platforms for...
- Special delivery: Italy's postman joins the AI infrastructure racePoste Italiane, the postal service which pays out pensions through 12,600 post offices that are as much a feature of remote towns as the lo...
- Why Meta’s Cred investment matters for WhatsApp Pay in IndiaMeta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fi...
- Europe is finally, slowly getting its act togetherEurope stands on the brink of a pivotal transformation, launching a set of ambitious reforms aimed at revitalizing its economy and global f...
- Meta lashes Australia's bid to make tech giants pay for newsTech giant Meta on Thursday attacked Australia's "grossly unfair" bid to make social media companies pay for news, saying it is vehemently ...
- SpaceX needs to get to $5 quadrillion to rival mag seven magicUpcoming trillion-dollar IPOs from SpaceX, OpenAI, and Anthropic are set to redefine market valuations, asking investors to wager heavily o...
- Google, Meta, TikTok hit by EU consumer complaints about handling of financial scamsThe move highlights growing pressure worldwide on Big Tech to do more to address the negative impacts of social media, particularly for chi...
- Google, Meta, TikTok hit by EU consumer complaints about handling of financial scamsBig Tech firms Google, Meta, and TikTok face complaints in Europe. Consumer groups allege these platforms fail to stop financial scams. Use...
- US watchdog issues final rule to supervise Big Tech payments, digital walletsThe regulations, first proposed a year ago to govern digital services such as Apple Wallet, Google Pay and Venmo, come as President-elect D...
- New tech has led to increase in fraudulent apps & mis-selling: RBIThe Reserve Bank of India (RBI) warns of increasing fraudulent apps and mis-selling in the fintech sector due to emerging technologies, hig...
- ETtech Explainer | Joe Biden's sweeping executive order on regulation of AIThe order builds on voluntary commitments already made by 15 technology companies and its signing comes at a time when the European Union i...
- Rules need to be calibrated to address risks from big tech“The key paradigmatic shift in the regulatory approach towards addressing the risks from bigtechs lies in calibrating the regulatory framew...
- RBI: Financial system must be guarded against fintech risksThe banking regulator once again cautioned against the proliferation of virtual currencies, calling the instruments a 'danger'. "Cryptocurr...
- Big Techs pose risk to financial stability: RBIAs per RBI data, the Indian FinTech industry, which is amongst the fastest growing FinTech markets in the world, was valued at US$ 50-60 bi...
- US consumer watchdog to review Big Tech data, promote lending competitionJust a few weeks into the job, Rohit Chopra made his mark when the CFPB ordered Amazon.com Inc, Apple Inc and Facebook Inc to hand over inf...
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