tech
Washington (AFP) - TikTok and its Chinese parent company ByteDance filed a legal challenge against the United States on Tuesday, taking aim at a law that would force the app to be sold or face a US ban. This comes around two weeks after President Joe Biden signed a bill giving TikTok 270 days to find a non-Chinese buyer or face a ban in the country. The video-sharing platform argues that this was unconstitutional. "For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban, and bars every American from participating in...
AFP
Washington (AFP) - A US judge on Thursday pushed against the central pleas of both US government and Google lawyers as he heard their closing arguments at a landmark antitrust trial in Washington. Federal Judge Amit Mehta, whose decision is not expected until later in the year, raised his questions during two days of hearings that come six months after the conclusion of testimony. The case is the first of five major lawsuits by the US government to reach trial, with Meta, Amazon, Apple and a separate case against Google also heading for federal court. The trial is the first time the US Departm...
AFP
San Francisco (AFP) - E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. Amazon shares were up about one percent in after-market trades that followed release of the earnings figures, with Wall Street keeping a close eye on the impact of AI as well as costs involved. "It was a good start to the year across the business," Amazon chief executive Andy Jassy said in an earnings release. The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion, compared with a profit of $3.2 billion...
AFP
Beijing (AFP) - Tesla received a key security clearance from China during owner Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday. The tech billionaire arrived on Sunday for his second trip to China in less than a year, meeting top officials including Premier Li Qiang as he worked to boost his electric car company's fortunes in the face of intense competition from local challengers such as BYD. On the same day, Tesla's locally produced models were listed among the EVs that meet China's data security requirements for smart cars, clearing a key ...
AFP
San Francisco (AFP) - Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street. The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion. "We estimate that more than 3.2 billion people use at least one of our apps each day and we're seeing healthy growth in the US," Zuckerberg, who is also CEO, told analysts on an investor cal...
AFP
San Francisco (AFP) - TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the Chinese government. The legislation gives TikTok nine months to divest from its Chinese parent company ByteDance or be shut out of the American market. US and other Western officials have alleged the social media platform allows Beijing to collect data and spy on users. It has 170 million users in the United States alone, many of them young. Critics say TikTok is also a conduit to spread propaganda. China an...
AFP
Washington (AFP) - After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business. Launched under both the Trump and Biden administrations, five major cases from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) are moving forward against major US technology companies -- including two against Google that could see the company split up. The most recent came in March against Apple by the FTC, which alleges the iPhone...
AFP
San Francisco (AFP) - Sam Altman, the CEO of ChatGPT creator OpenAI, has become a billionaire, Forbes said Monday. Altman, who became the face of the global AI frenzy when his company released ChatGPT in 2022, cracked the magazine's list of billionaires in the 2,692nd position. The financial news outlet said that Altman's wealth came mainly from his investments in startups, such as Reddit, which was recently floated on the New York stock exchange, and payments company Stripe, which is currently estimated to be worth $65 billion. The 38-year-old has also invested in more recent ventures, such a...
AFP
Washington (AFP) - Facebook giant Meta on Friday asked a federal judge to dismiss a case from a powerful US antitrust authority that could see the social media juggernaut forced to sell Instagram and WhatsApp. The lawsuit, filed in December 2020 by the Federal Trade Commission, centers on Meta's acquisitions of Instagram and WhatsApp, which the FTC argues stifled competition in the market for social networks. In the usual practice of trying to have the case dismissed before reaching trial, Meta said in a motion that its acquisitions were "good for consumers and businesses" and won approval by ...
AFP
Washington (AFP) - Facebook and Instagram giant Meta on Friday said it will begin labeling AI-generated media beginning in May, as it tries to reassure users and governments over the risks of deepfakes. The social media juggernaut added that it will no longer remove manipulated images and audio that don't otherwise break its rules, relying instead on labeling and contextualization, so as to not infringe on freedom of speech. The changes come as a response to criticism from the tech giant's oversight board, which independently reviews Meta's content moderation decisions. The board in February r...
AFP
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