Microsoft Slams Google Over Threat to Shut Search Engine in Australia
By: The FT February 3, 2021 Microsoft has moved to capitalise on Google’s threat to shut its search engine in Australia, throwing its weight behind efforts to make Big Tech pay for news content and offering to transfer small businesses to its rival service Bing at no cost. The Seattle-based company on Wednesday […]
Robinhood Looks For In-House Lobbyist Amid Backlash From Lawmakers
By: The Hill January 29, 2021 Financial service company Robinhood is hiring to bulk up its lobbying portfolio amid scrutiny after lawmakers have ripped its decision to stop trading of GameStop and other companies whose stock has skyrocketed this week. GameStop, along with several other stocks, were restricted by Robinhood after a group […]
Paykey Launches Trading Functionality to Compete With ‘Wild West’ App Market
By: City AM February 2, 2021 The Gamestop frenzy last week not only showed the power of retail investors but the popularity and risks associated with free trading apps. Robinhood, which promises no user fees, faced backlash from investors after sharp swings in the value of stocks meant it was forced to restrict […]
Amazon Grapples With Shareholders Over Surveillance Tech
By: Government Technology January 28, 2021 Amazon has asked federal regulators to block a number of shareholder proposals that strike at the heart of many recent criticisms of the Seattle-based commerce behemoth, including its use of surveillance technologies. (TNS) — Amazon has asked federal regulators to block a number of shareholder proposals that […]
Big Tech Companies Using Lobbyists to Engage With Biden Administration
By: Fox Business January 22, 2021 WASHINGTON — Big technology companies are bracing for a new administration and new scrutiny of their businesses with a time-tested strategy: opening their pocketbooks. Facebook Inc. and Amazon.com Inc. topped all other U.S. companies in federal lobbying expenditures last year, according to a Wall Street Journal analysis of the most […]
The Struggle Over Chips Enters a New Phase
By: The Economist January 23, 2021 When microchips were invented in 1958, the first significant market for them was inside nuclear missiles. Today about a trillion chips are made a year, or 128 for every person on the planet. Ever more devices and machines contain ever more semiconductors: an electric car can have over 3,000 […]
US Has ‘Moral Imperative’ to Develop AI Weapons, Says Panel
By: The Guardian January 26, 2021 The US should not agree to ban the use or development of autonomous weapons powered by artificial intelligence (AI) software, a government-appointed panel has said in a draft report for Congress. The panel, led by former Google chief executive Eric Schmidt, on Tuesday concluded two days of public […]
Moon’s Party Seeks to Force Korean Tech Giants to Share Profits
By: Nikkei Asia January 17, 2021 SEOUL– South Korea’s ruling Democratic Party has launched a task force aimed at putting the country’s tech sector under pressure to share profit in a bid to reduce pandemic-induced economic inequalities. The Post-corona Inequality Relief task force, suggested by party chairman Lee Nak-yon, hopes to divert the […]
Google Says it Will Shut Search Engine in Australia if Forced to Pay For News
By: Fox Business January 21, 2021 Alphabet Inc’s Google said on Friday it would block its search engine in Australia if the government proceeds with a new code that would force it and Facebook Inc to pay media companies for the right to use their content. Google’s threat escalates a battle with publishers such as News Corp […]