INSIDER
Wall Street makes wagers on the likely winners and losers in a second Trump term
Read full article: Wall Street makes wagers on the likely winners and losers in a second Trump termWall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy and markets.
A judge has branded Google a monopolist, but AI may bring about quicker change in internet search
Read full article: A judge has branded Google a monopolist, but AI may bring about quicker change in internet searchA federal judge has branded Google as a ruthless monopolist bent on suffocating it competitors.
Google's corporate parent still prospering amid shift injecting more AI technology in search
Read full article: Google's corporate parent still prospering amid shift injecting more AI technology in searchGoogle’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire.
California advances unique safety regulations for AI companies despite tech firm opposition
Read full article: California advances unique safety regulations for AI companies despite tech firm oppositionCalifornia lawmakers have advanced a bill that would regulate powerful artificial intelligence systems.
Google CEO testifies at trial of collapsed startup Ozy Media and founder Carlos Watson
Read full article: Google CEO testifies at trial of collapsed startup Ozy Media and founder Carlos WatsonGoogle CEO Sundar Pichai has testified briefly at the federal financial conspiracy trial surrounding the collapse of once-touted startup Ozy Media.
Google unleashes AI in search, raising hopes for better results and fears about less web traffic
Read full article: Google unleashes AI in search, raising hopes for better results and fears about less web trafficGoogle has rolled out a retooled search engine that will frequently favor responses crafted by artificial intelligence over website links.
Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' Mayorkas
Read full article: Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' MayorkasThe CEOs of leading U_S_ technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.”.
Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI
Read full article: Google is combining its Android software and Pixel hardware divisions to more broadly integrate AIGoogle says it will combine the software division responsible for Android mobile software and the Chrome browser with the hardware division known for Pixel smartphones and Fitbit wearables.
Google's parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace
Read full article: Google's parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower paceGoogle’s corporate parent returned to double-digit revenue growth during last year’s final quarter.
Epic wins its antitrust lawsuit against the Play Store. What does this verdict mean for Google?
Read full article: Epic wins its antitrust lawsuit against the Play Store. What does this verdict mean for Google?Google lost an antitrust lawsuit over barriers to its Android app store, as a federal court jury has decided that the company’s payments system was anticompetitive and damaged smartphone consumers and software developers.
Federal jury decides Google’s Android app store benefits from anticompetitive barriers
Read full article: Federal jury decides Google’s Android app store benefits from anticompetitive barriersA federal court jury has decided that Google’s Android app store has been protected by anticompetitive barriers that have damaged smartphone consumers and software developers, dealing a blow to a major pillar of a technology empire.
Google launches Gemini, upping the stakes in the global AI race
Read full article: Google launches Gemini, upping the stakes in the global AI raceGoogle took its next leap in artificial intelligence Wednesday with the launch of project Gemini, an AI model trained to behave in human-like ways that’s likely to intensify the debate about the technology’s potential promise and perils.
CEO of Fortnite game maker casts Google as a 'crooked' bully in testimony during Android app trial
Read full article: CEO of Fortnite game maker casts Google as a 'crooked' bully in testimony during Android app trialEpic Games CEO Tim Sweeney has portrayed Google as a ruthless bully that resorts to shady tactics to protect a predatory payment system.
Corporate, global leaders peer into a future expected to be reshaped by AI, for better or worse
Read full article: Corporate, global leaders peer into a future expected to be reshaped by AI, for better or worsePresident Joe Biden and other global leaders have spent the past few days melding minds with Silicon Valley titans in San Francisco.
Google CEO Sundar Pichai returns to court to defend internet company for second time in two weeks
Read full article: Google CEO Sundar Pichai returns to court to defend internet company for second time in two weeksGoogle CEO Sundar Pichai on Tuesday was summoned to federal court for the second time in two weeks to testify in an antitrust trial threatening to topple a pillar of an internet empire that he helped build.
Fortnite maker accuses Google of bullying and bribing to block competition to its Android app store
Read full article: Fortnite maker accuses Google of bullying and bribing to block competition to its Android app storeGoogle on Monday confronted the second major U.S. antitrust trial in two months to cast the internet powerhouse as a brazen bully that uses its immense wealth and people’s dependence on one of its main products to stifle competition at consumers’ expense.
Google CEO defends paying Apple and others to make Google the default search engine on devices
Read full article: Google CEO defends paying Apple and others to make Google the default search engine on devicesGoogle CEO Sundar Pichai has finally taken the stand in the biggest U.S. antitrust case in a quarter century.
Google's ad sales growth accelerated in 3Q, but investors are unimpressed with the performance
Read full article: Google's ad sales growth accelerated in 3Q, but investors are unimpressed with the performanceGoogle’s digital advertising sales growth accelerated during the summer, advancing a recent revival that helped its corporate parent Alphabet Inc. to deliver a quarterly profit that exceeded analysts' projections.
Google exploited exclusive search engine deals to maintain its advantage over rivals, DOJ argues
Read full article: Google exploited exclusive search engine deals to maintain its advantage over rivals, DOJ arguesGoogle is confronting a threat to its dominant search engine as federal regulators launch an attempt to dismantle its internet empire in the biggest U.S. antitrust trial in a quarter century.
Google's search engine dominance is at the center of the biggest US antitrust trial in decades
Read full article: Google's search engine dominance is at the center of the biggest US antitrust trial in decadesThe U.S. government is taking aim at what has been an indomitable empire: Google’s ubiquitous search engine.
Biden and Modi meet Apple, Google CEOs and other executives as Indian premier wraps state visit
Read full article: Biden and Modi meet Apple, Google CEOs and other executives as Indian premier wraps state visitPresident Joe Biden and Prime Minister Narendra Modi have capped their meetings in Washington by joining top U.S. and Indian executives in talks to increase cooperation on artificial intelligence, semiconductor production and space.
Google backs creation of cybersecurity clinics with $20 million donation
Read full article: Google backs creation of cybersecurity clinics with $20 million donationFree medical clinics and legal aid clinics, where college students and their instructors help their communities while also learning more about their professions, are now commonplace.
Regulators take aim at AI to protect consumers and workers
Read full article: Regulators take aim at AI to protect consumers and workersAs concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation’s financial watchdog says it’s working to ensure that companies follow the law when using AI.
GOP subpoenas tech CEOs as part of probe into censorship
Read full article: GOP subpoenas tech CEOs as part of probe into censorshipSubpoenas have been sent to the chief executives of the five largest tech companies as congressional Republicans moved to investigate what they assert is widespread corporate censorship of conservative voices.
Yelp to add more flags to anti-abortion pregnancy centers
Read full article: Yelp to add more flags to anti-abortion pregnancy centersThe online reviews site Yelp said Tuesday it is rolling out a new feature to protect users seeking abortions from being misled about anti-abortion pregnancy centers listed on its platform.
Google workers demand abortion protections, data privacy
Read full article: Google workers demand abortion protections, data privacyHundreds of Google employees are petitioning the company to extend its abortion health care benefits to contract workers and to strengthen privacy protections for Google users searching for abortion information online.
Watch how climate change has impacted Earth since 1984
Read full article: Watch how climate change has impacted Earth since 1984With Earth Day 2021 rapidly approaching, Google Earth has released a feature that might really open some eyes when it comes to how certain parts of the globe have changed in recent decades.
Did Amazon violate federal laws? Lawmakers ask for DOJ probe
Read full article: Did Amazon violate federal laws? Lawmakers ask for DOJ probeLawmakers have made good on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether Amazon and its senior executives obstructed Congress or violated other laws in testimony on its competition practices.
Lawsuit: Google, Facebook CEOs colluded in online ad sales
Read full article: Lawsuit: Google, Facebook CEOs colluded in online ad salesNewly unredacted documents from a state-led antitrust lawsuit against Google accuse the search giant of colluding with rival Facebook to manipulate online advertising sales.
New Twitter CEO steps from behind the scenes to high profile
Read full article: New Twitter CEO steps from behind the scenes to high profileNewly named Twitter CEO Parag Agrawal (PUH-rag AH-gur-wahl) has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs.
House committee seeks more info from Amazon, issues warning
Read full article: House committee seeks more info from Amazon, issues warningU.S. House lawmakers are threatening to seek a criminal investigation of Amazon, saying the tech giant has one “final chance” to correct previous testimony by executives on its competition practices.
Tech companies pledge billions in cybersecurity investments
Read full article: Tech companies pledge billions in cybersecurity investmentsSome of the country’s leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defenses and to train skilled workers.
The Latest: Twitter grilled about blocking a NY Post article
Read full article: The Latest: Twitter grilled about blocking a NY Post articleScott Applewhite)WASHINGTON – The latest news from a House committee questioning the CEOs of Facebook, Google and Twitter. ___2:30 p.m.Rep. Steve Scalise, a Louisiana Republican, raised the long-running conservative talking point that Twitter, Facebook and Google are biased against conservative viewpoints and censor material based on political or religious viewpoints. Scalise highlighted Twitter’s blocking of a New York Post article on Hunter Biden, which CEO Jack Dorsey said was a mistake that the company corrected within 24 hours. AdThis would include product vice presidents of integrity, trust and safety and vice presidents of platform policy — at Facebook, Twitter, YouTube (rather than Google, which owns YouTube) and perhaps an upstart like TikTok. Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey and Sundar Pichai, CEO of YouTube parent Google, are facing questioning at a hearing by the House Energy and Commerce Committee.
Lawmakers press Big Tech CEOs on speech responsibility
Read full article: Lawmakers press Big Tech CEOs on speech responsibilityRepublicans raised long-running conservative grievances, unproven, that the platforms are biased against conservative viewpoints and censor material based on political or religious viewpoints. There is increasing support in Congress for legislation to rein in Big Tech companies. The tech CEOs defended the legal shield under Section 230, saying it has helped make the internet the forum of free expression that it is today. Trump enjoyed special treatment on Facebook and Twitter until January, despite spreading misinformation, pushing false claims of voting fraud, and promulgating hate. The tech blog Gizmodo eventually revealed the device was a “BlockClock” that shows the latest prices of cryptocurrencies like bitcoin and ethereum.
Report: Extremist groups thrive on Facebook despite bans
Read full article: Report: Extremist groups thrive on Facebook despite bansMore than two-thirds of the groups and pages had names that aligned with several domestic extremist movements, the report found. Facebook acknowledged that its policy enforcement “isn't perfect,” but said the report distorts its work against violent extremism and misinformation. In October, it banned QAnon groups across its platform. It has also banned extremist and militia movements and boogaloo groups with varying degrees of success. ___This story has been corrected to show that the groups were still active on the platform as of Feb. 24, not March 18.
Australian media law raises questions about 'pay for clicks'
Read full article: Australian media law raises questions about 'pay for clicks'It's a question dividing proponents and critics of the proposed Australian law: does it effectively make Google and Facebook “pay for clicks” and might it be the beginning of the end of free access? The battle is being watched closely in the European Union, where officials and lawmakers are drafting sweeping new digital regulations. Google contends the law does require it to pay for clicks. Google has reacted to the threat of compulsory arbitration by stepping up negotiations on licensing content agreements with Australian media companies through its own News Showcase model. Google has reached pay deals with more than 450 publications globally since it launched News Showcase in October.
In surprise move, Facebook blocks news access in Australia
Read full article: In surprise move, Facebook blocks news access in Australia“In response to Australian government legislation, Facebook restricts the posting of news links and all posts from news Pages in Australia. “Facebook’s actions were unnecessary, they were heavy-handed and they will damage its reputation here in Australia,” Frydenberg said. Major Australian media organization Seven West Media reached a deal earlier in the week. who have had their Facebook pages blocked, that’s a public safety issue,” Fletcher said. Some non-Australian outlets also appeared affected, with posts disappearing from Facebook pages belonging to Britain's Daily Telegraph and Sky News.
In Australia, Google makes publisher deals, Facebook walks
Read full article: In Australia, Google makes publisher deals, Facebook walks(AP Photo/Jeff Chiu, File)CANBERRA – Google is striking deals in Australia to pay for journalism but Facebook is vowing to restrict news sharing as Australian lawmakers consider forcing digital giants into payment agreements. These are good deals for the Australian media businesses,” he added. Google and Facebook, which take a combined 81% of online advertising in Australia, have condemned the code as unworkable. Google did not provide the terms of its News Corp. deal Wednesday. AdThe Australian deals with Google are being negotiated under Google’s own model, News Showcase.
Australia to amend laws to make Google and Facebook pay
Read full article: Australia to amend laws to make Google and Facebook pay(AP Photo/Jeff Chiu, File)CANBERRA – Australia’s government said on Tuesday it will amend draft laws that would make Google and Facebook pay for news to clarify that publishers would be paid in lump sums rather than per click on news article links. “On face value, the amendments keep the integrity of the media code intact,” the center’s director Peter Lewis said in a statement. Google and Facebook, which take a combined 81% of online advertising in Australia, have condemned the bill as unworkable. Google has threatened to make its search engine unavailable in Australia if the code were introduced. Seven West Media on Monday became the largest Australian news media business to strike a deal with Google to pay for journalism.
Major Australian media company strikes Google news pay deal
Read full article: Major Australian media company strikes Google news pay dealKerry Stokes, chairman of Seven West Media, which owns 21 publications, thanked the government and the Australian competition regulator for their proposed law that the Parliament will consider Tuesday. Google has reached pay deals with more than 450 publications globally since News Showcase was launched in October. Neither Google nor Seven West Media mentioned how much the deal was worth. “If it goes through as is, it will be very beneficial for Australian media,” Barnet said of the code. Seven West Media said it will release more details about the deal after those details are finalized within 30 days.
Australian leader has 'constructive' talk with Google boss
Read full article: Australian leader has 'constructive' talk with Google bossPrime Minister Scott Morrison also welcomed the support of Google rival Microsoft, which has touted Australia’s proposed laws that would make Google and Facebook pay as an example for the rest of the world. Google regional director Mel Silva told a Senate hearing last month that the company would likely make its search engine unavailable in Australia if the so-called News Media Bargaining Code forced Google and Facebook to pay for Australian news. While Google and Facebook have condemned the legislation as unworkable, Microsoft President Brad Smith said his business would be willing to pay for news if its search engine increased Australian market share. The law would initially only apply to Google and Facebook, but the government could add other platforms in the future if Google abandoned Australia. AdAlthough Bing is Australia’s second most popular search engine, it has only a 3.6% market share.
Google's antitrust case won't go to trial until Sept. 2023
Read full article: Google's antitrust case won't go to trial until Sept. 2023FILE - This Thursday, Jan. 3, 2013, file photo shows Google's headquarters in Mountain View, Calif. U.S. District Judge Amit Mehta on Friday, Dec. 18, 2020, set a tentative trial date of Sept. 12, 2023. U.S. District Judge Amit Mehta on Friday set a tentative trial date of Sept. 12, 2023 for the landmark case that the Justice Department filed two months ago. He estimated that once the trial begins it will last about 5 1/2 weeks in his Washington, D.C., courtroom. Another antitrust case filed Thursday is seeking to preempt Google's dominance in other still-emerging fields of technology such as voice-activated devices in the home and internet-connected cars.
Google hires new personnel head amid rising worker tensions
Read full article: Google hires new personnel head amid rising worker tensionsThis photo provided by Google shows Fiona Cicconi, right, who is leaving the biotech firm AstraZeneca to become the head of Google's people operations, effective Jan. 5, 2021. (Courtesy of Google via AP)Google has hired a top executive from pharmaceutical company AstraZeneca to oversee its personnel policies amid ongoing tensions with many employees who are upset with the company's policies. The hiring of Fiona Cicconi also comes while Google sets up plans to allow people to continue to work from home for at least eight more months. The rift incensed hundreds of Google employees who have signed a public letter of protest. Pichahi last week told employees that Google is beginning a thorough review into Gebru's exit, a process that now seems likely to involve Cicconi.
Google CEO says company will review AI scholar's abrupt exit
Read full article: Google CEO says company will review AI scholar's abrupt exitGoogle CEO Sundar Pichai has apologized for how a prominent artificial intelligence researcher's abrupt departure last week has “seeded doubts” in the company. Pichai's note doesn't call it either a firing or a resignation but says "we need to accept responsibility for the fact that a prominent Black, female leader with immense talent left Google unhappily." The dispute centered around Google's push to disassociate itself from a research paper Gebru co-authored examining the societal dangers of an AI technology used by Google. Gebru criticized Pichai's memo Wednesday on Twitter, saying she saw “no plans for accountability” in it and because it offered no apology for what happened to her. Thousands of people, many of them Google employees, have signed an open letter showing support for Gebru and accusing Google of “unprecedented research censorship,” racism and defensiveness.
Twitter, Facebook CEOs vow election action; GOP touts curbs
Read full article: Twitter, Facebook CEOs vow election action; GOP touts curbsRepublican senators, including Committee Chairman Sen. Lindsey Graham, revived complaints of censorship and anti-conservative bias against the social media platforms. The actions that Twitter and Facebook took to quell the spread of disinformation angered Trump and his supporters. They have focused their concern on hate speech and incitement on social media platforms that can spawn violence. Twitter and Facebook have both slapped a misinformation label on some content from Trump, most notably his assertions linking voting by mail to fraud. For days after the election as the vote counting went on, copycat “Stop the Steal” groups were easily found on Facebook.
Facebook, Twitter CEOs to be pressed on election handling
Read full article: Facebook, Twitter CEOs to be pressed on election handlingThe committee summoned the CEOs of Twitter, Facebook and Google to testify during the hearing. (Michael Reynolds/Pool via AP)WASHINGTON – The CEOs of Facebook and Twitter are being summoned before Congress to defend their handling of disinformation in the 2020 presidential election, even as lawmakers questioning them are deeply divided over the election's integrity and results. Twitter and Facebook have both slapped a misinformation label on some content from Trump, most notably his assertions linking voting by mail to fraud. Facebook insists that it has learned its lesson from the 2016 election and is no longer a conduit for misinformation, voter suppression and election disruption. The organization had pressed Facebook to take down the “Stop the Steal” group.
Social media CEOs rebuff bias claims, vow to defend election
Read full article: Social media CEOs rebuff bias claims, vow to defend electionThe committee summoned the CEOs of Twitter, Facebook and Google to testify during the hearing. Dorsey said Twitter was working closely with state election officials. Dorsey told Cruz that he does not believe that Twitter can influence elections because it's only one source of information. GOP senators raised with the executives an array of allegations of other bias on the platforms regarding Iran, China and Holocaust denial. “We approach our work without political bias, full stop," Pichai said.
Social media CEOs to face grilling from Republican senators
Read full article: Social media CEOs to face grilling from Republican senatorsWASHINGTON – Less than a week before Election Day, the CEOs of Twitter, Facebook and Google are set to be grilled by Republican senators making unfounded allegations that the tech giants show anti-conservative bias. With the election looming, Republicans led by President Donald Trump have thrown a barrage of grievances at Big Tech’s social media platforms, which they accuse without evidence of deliberately suppressing conservative, religious and anti-abortion views. The tech platforms are gateways to news online. It proposes that Congress enact rules preventing tech platforms from taking local news content without fair payment. “For too long, social media platforms have hidden behind Section 230 protections to censor content that deviates from their beliefs,” Sen. Roger Wicker, R-Miss., the committee chairman, said recently.
Facebook, Twitter CEOs ordered to testify by GOP senators
Read full article: Facebook, Twitter CEOs ordered to testify by GOP senatorsFILE - This combination of photos shows logos for social media platforms Facebook and Twitter. (AP Photo/File)WASHINGTON – The GOP push against Facebook and Twitter accelerated Thursday after Republican senators threatened the CEOs of the social media companies with subpoenas to force them to address accusations of censorship in the closing weeks of the presidential campaign. Russia backed President Donald Trump's 2016 campaign through hacking of Democratic emails and a covert social media campaign. It was the first time in recent memory that the two social media platforms enforced rules against misinformation on a story from a mainstream media publication. With Trump leading the way, conservatives have stepped up their claims that Facebook, Twitter and Google, which owns YouTube, are biased, charging without evidence Silicon Valley’s social media platforms are deliberately suppressing conservative views.
CEOs of 3 tech giants to testify at Oct. 28 Senate hearing
Read full article: CEOs of 3 tech giants to testify at Oct. 28 Senate hearingWASHINGTON – The CEOs of technology giants Facebook, Google and Twitter are expected to testify for an Oct. 28 Senate hearing on tech companies’ control over hate speech and misinformation on their platforms. It marks a new bipartisan initiative against Big Tech companies, which have been under increasing scrutiny in Washington and from state attorneys general over issues of competition, consumer privacy and hate speech. With Trump leading the way, conservative Republicans have kept up a barrage of criticism of Silicon Valley’s social media platforms, which they accuse without evidence of deliberately suppressing conservative views. The Justice Department has asked Congress to roll back long-held legal protections for online platforms, putting down a legislative marker in Trump’s drive against the social media giants. Democrats, on the other hand, have focused their criticism of social media mainly on hate speech, misinformation and other content that can incite violence or keep people from voting.
Senate panel moves to compel 3 social media CEOs to testify
Read full article: Senate panel moves to compel 3 social media CEOs to testify(AP Photo/Amr Alfiky, File)WASHINGTON – A Senate panel voted Thursday to compel testimony from the CEOs of Facebook, Google and Twitter as lawmakers opened a new front in the battle over hate speech, misinformation and perceived political bias on social media a month before the presidential election. With Trump leading the way, conservative Republicans have kept up a barrage of criticism of Silicon Valley’s social media platforms, which they accuse without evidence of deliberately suppressing conservative views. The Justice Department has asked Congress to roll back long-held legal protections for online platforms, putting down a legislative marker in Trump’s drive against the social media giants. At a White House event last week, officials said the legislative proposal would protect the open internet and prevent hidden manipulation by social media. The subcommittee, which is expected to issue a report on its findings soon, held a hearing Thursday at which experts discussed proposals to strengthen the antitrust laws and promote competition among Big Tech companies.
Google to pay $1 billion over 3 years for news content
Read full article: Google to pay $1 billion over 3 years for news contentLONDON – Google will pay publishers $1 billion over the next three years for their content, the company's latest effort to defuse tensions over its dominance of the news industry. “This financial commitment - our biggest to date - will pay publishers to create and curate high-quality content for a different kind of online news experience," CEO Sundar Pichai said in a blog post. It will appear first on Google News on Android, then Apple iOS, before it is rolled out to Google Discover and Search. News companies want Google, and its Silicon Valley rival Facebook, to pay for the news content that they siphon from commercial media while taking the lion's share of ad revenue. Australia's government is drafting a law to make Facebook and Google pay the country's media companies for the news content they use by early October.
Australia leader expects 'sensible outcome' to news pay plan
Read full article: Australia leader expects 'sensible outcome' to news pay planCANBERRA Australias prime minister said Monday that he expected a sensible outcome to his governments plans to make digital platforms pay for journalism after Facebook threatened to block Australian publishers and individuals from sharing news stories. Prime Minister Scott Morrison said he had discussed his proposed laws with very senior-level executives including Google's chief executive, Sundar Pichai, last week. Im quite certain well come to a sensible outcome on this and it wont need coercion wherever it comes from. Australia is drafting the final version of the legislation after a consultation period ended in late August. If the U.S.-based platforms could not agree with Australian media businesses on pricing after three months, arbitrators would be appointed to make binding decisions.
Inside Big Tech: Pulling back the curtain with 'hot' email
Read full article: Inside Big Tech: Pulling back the curtain with 'hot' email(Mandel Ngan/Pool via AP)WASHINGTON The House Judiciary chairman was closing in on his Perry Mason moment with Facebook CEO Mark Zuckerberg. Fortified with hot internal company documents, Rep. Jerrold Nadler was building his case at a hearing that seemed almost like a trial for Facebook and three other tech giants over alleged anti-competitive tactics. Looking ahead, the hot documents dont by themselves guarantee successful legal action by regulators, legal experts say. But it can be a violation of antitrust law for a company at the top of the heap to use its power to kick competitors off the hill. The head of the Federal Trade Commission has said that as a result of the review, the government may require tech giants to unwind earlier takeovers and divest assets if the agency finds violations of antitrust law.
Lawmakers grill 4 Big Tech CEOs but don't land many blows
Read full article: Lawmakers grill 4 Big Tech CEOs but don't land many blows(Graeme Jennings/Pool via AP)WASHINGTON Congressional lawmakers finally got a chance to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that stifle competition. While the executives faced hostile questioning and frequent interruptions from lawmakers of both parties, little seemed to land more than glancing blows. But Stephen Beck, CEO of the management consulting firm cg42, said the tech companies and their brands emerged relatively unscathed. As Democrats largely focused on market competition, several Republicans aired longstanding grievances, claiming the tech companies are censoring conservative voices and questioning their business activities in China. While forced breakups may appear unlikely, the wide scrutiny of Big Tech points toward possible new restrictions on its power.
The Latest: Zuckerberg questioned on viral misinformation
Read full article: The Latest: Zuckerberg questioned on viral misinformationFacebook CEO Mark Zuckerberg speaks via video conference during a House Judiciary subcommittee hearing on antitrust on Capitol Hill on Wednesday, July 29, 2020, in Washington. His comments came Wednesday during a congressional hearing into the market dominance of four tech giants Amazon, Google, Facebook and Apple. Zuckerberg's comments came at hearing that also featured Amazon CEO Jeff Bezos, Apple CEO Tim Cook and Google CEO Sundar Pichai. The questioning came at a congressional hearing that also featured Amazon CEO Jeff Bezos, Apple CEO Tim Cook and Google CEO Sundar Pichai. He is Jeff Bezos.
LIVE STREAM: Tech CEOs, Zuckerberg, Bezos, Pichai, Cook, testify before House
Read full article: LIVE STREAM: Tech CEOs, Zuckerberg, Bezos, Pichai, Cook, testify before HouseThe four CEOs are testifying remotely for a hearing Wednesday by the House Judiciary subcommittee on antitrust. Bezos is introducing himself, in a way, in his hearing testimony, unusual for the occasion. I understand that people have concerns about the size and perceived power that tech companies have, Zuckerberg's statement says. Apple does not have a dominant market share in any market where we do business," Cook says. He is making the case that the fees Apple charges apps to sell services and other goods are reasonable, especially compared with what other tech companies collect.
4 Big Tech CEOs getting heat from Congress on competition
Read full article: 4 Big Tech CEOs getting heat from Congress on competitionA key question: Whether existing competition policies and century-old antitrust laws are adequate for overseeing the tech giants, or if new legislation and enforcement funding is needed. While forced breakups may appear unlikely, the wide scrutiny of Big Tech points toward possible new restrictions on its power. The companies face legal and political offensives on multiplying fronts, from Congress, the Trump administration, federal and state regulators and European watchdogs. I understand that people have concerns about the size and perceived power that tech companies have, Zuckerberg's statement says. He is making the case that the fees Apple charges apps to sell services and other goods are reasonable, especially compared with what other tech companies collect.
Spotlight on 4 Big Tech CEOs testifying in competition probe
Read full article: Spotlight on 4 Big Tech CEOs testifying in competition probeThe House Judiciary subcommittee on antitrust is capping its yearlong investigation of Big Techs market dominance with Wednesdays teleconferenced hearing spotlighting the four CEOs. The tech companies now face legal and political offensives on multiplying fronts, from Congress, the Trump administration, federal and state regulators and European watchdogs. Facebooks fiercest critics in Congress, including liberal Democrat Sen. Elizabeth Warren and conservative Republican Sen. Josh Hawley, have put breaking up Big Tech companies on the table. He also met privately with key lawmakers and with President Donald Trump, who has repeatedly criticized the tech companies and asserted without evidence that they are biased against him. Cook is expected to lay out the case that the fees Apple charges apps to sell services and other goods are reasonable, especially compared with what other tech companies collect.
Twitter and Facebook become targets in Trump and Biden ads
Read full article: Twitter and Facebook become targets in Trump and Biden adsBiden is paying Facebook handsomely to show ads that accuse Facebook of posing a threat to democracy. Meantime Trump is paying Facebook to run ads trashing the medium he uses like none other, Twitter. Before this years election, Twitter banned political ads altogether, a decision a company spokesman told the AP it stands behind. And Facebook, along with Google, began disclosing campaign ad spending while banning non-Americans from buying U.S. political ads. Twitter became a Trump campaign target after the company rolled out its first fact check of his inaccurate tweet about voting in late May.
Zuckerberg, Bezos, other tech CEOs testify on competition
Read full article: Zuckerberg, Bezos, other tech CEOs testify on competitionThis Sept. 19, 2019 photo shows Amazon CEO Jeff Bezos arriving to a news conference at the National Press Club in Washington. Bezos is willing to testify to the congressional panel investigating the market dominance of Big Tech, but along with other tech industry CEOs, lawyers for the company say, according to a published report Monday, June 15, 2020. (AP Photo/Pablo Martinez Monsivais)WASHINGTON Four Big Tech CEOs Facebooks Mark Zuckerberg, Amazons Jeff Bezos, Google's Sundar Pichai and Apple's Tim Cook will answer for their companies practices before Congress at a hearing Wednesday by the House Judiciary subcommittee on antitrust. The panel has conducted a bipartisan investigation over the past year of the tech giants market dominance and their effect on consumers. Its the first such congressional review of the tech industry.
Apple co-founder Steve Wozniak slams YouTube for scam videos
Read full article: Apple co-founder Steve Wozniak slams YouTube for scam videos(AP Photo/Ben Margot)SAN RAMON, Calif. Apple co-founder Steve Wozniak is launching a legal attack against Google's YouTube video site for allowing con artists to use him as a pawn in a Bitcoin scam believed to have heisted millions of dollars from people around the world. The suit also represents 17 alleged victims of the bitcoin scam, including 10 people who live outside the U.S. Videos spread on YouTube as part of the scheme entice viewers to send their bitcoins to an anonymous digital address, promising to return double that amount. Wozniak, though, said he has been trying to get Google and YouTube to prevent videos peddling the scam with his name and picture in it since May 10. YouTube will try to persuade a judge to dismiss Garlinghouse's lawsuit during a hearing scheduled next month.
Google announces $10 billion 'digitization' fund for India
Read full article: Google announces $10 billion 'digitization' fund for IndiaNEW DELHI U.S. tech giant Google is investing in a $10 billion fund to help accelerate Indias transition to a digital economy in the next five to seven years. The company also announced it will invest $1 million to support digital education in India. It said the fund will enable 1 million teachers in 22,000 schools across the country to use Google services that can facilitate online learning. Prime Minister Narendra Modi has made digitization a major priority for India. He envisions a Digital India, where high-speed Internet access will empower entrepreneurs to build software and other technology products to help raise the standard of living in a country where many households are still impoverished.
8:46: A number becomes a potent symbol of police brutality
Read full article: 8:46: A number becomes a potent symbol of police brutalityEven as prosecutors have said little about how they arrived at the precise number, it has fast grown into a potent symbol of the suffering Floyd and many other black men have experienced at the hands of police. In Boston and Tacoma, Washington, demonstrators this week lay down on streets staging die-ins" for precisely 8 minutes, 46 seconds. ViacomCBS, owner of MTV and Nickelodeon, stopped its programming earlier this week to air a silent, somber video honoring Floyd for 8 minutes, 46 seconds. Pausing for a full 8 minutes, 46 seconds helps turn the abstract into a reality, said Monica Cannon-Grant, the founder of Violence in Boston Inc., which organized a Tuesday protest that included the minutes of silence. Using those, Chauvin had his knee on Floyd for 7 minutes and 46 seconds, including 1 minute and 53 seconds after Floyd appeared to stop breathing.
Nevada casinos to reopen; America in lockdown devours pizza
Read full article: Nevada casinos to reopen; America in lockdown devours pizzaAs restaurants in food-loving France prepare to reopen, some are investing in lampshade-like plastic shields to protect diners from the virus. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. Tourist destinations, from countries to theme parks, are laying out plans for operations during, and potentially after, the pandemic fades. Nevada's casinos will reopen next week, including those on the Las Vegas Strip. In the eight weeks starting March 23, Domino's comparable-store sales jumped 16%.
CEO pay has topped $12.3M. Can it keep rising post-pandemic?
Read full article: CEO pay has topped $12.3M. Can it keep rising post-pandemic?The 4.1% rise in median pay was a slowdown for S&P 500 CEOs, who had seen their pay jump 7.2% the year before and by even more in earlier years. SAY ON PAYThe slowdown in CEO pay across the S&P 500 is partly due to the increased voice investors have gotten on the subject, shareholder advocates say. The S&P 500 lost as much as a third of its value earlier this year, when worries about the recession were at their peak. Corporate profits, another key measure for CEO pay, are also expected to crater. Across the S&P 500, earnings per share will likely sink 33% this year, strategists at Goldman Sachs say.
Beyonc to give graduation speech alongside the Obamas
Read full article: Beyonc to give graduation speech alongside the ObamasNEW YORK Beyonc has been added to the list of guest speakers for YouTube's virtual commencement ceremony that will also feature the Obamas. YouTube announced Tuesday that Beyonc will deliver an inspirational message to the 2020 class for its Dear Class of 2020" event, which will take place June 6 at 3 p.m. EDT and will stream on YouTube. Barack and Michelle Obama will also speak at the virtual celebration, which will include appearances from Taylor Swift, Lady Gaga, Bill and Melinda Gates, Jennifer Lopez, Billy Porter, Malala Yousafzai, Google CEO Sundar Pichai, Zendaya, Alicia Keys, former Secretary of State Condoleezza Rice, Joseph Gordon-Levitt, Demi Lovato, Hasan Minhaj and more. Dear Class of 2020" will include music performances from BTS, Lizzo, Doja Cat, Megan Thee Stallion, Chloe x Halle, Maluma, CNCO and Camila Cabello.