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SlashDotNov 15, 2024
Chegg, Down From $12 Billion To $159 Million In Value, Lays Off Hundreds; CEO Blames Google and AI


RELATED ARTICLES
US government finalizes TSMC's $6.6 billion CHIPS Act incentives (Engadget)

Washington Post TechNov 15, 2024
Musk expands legal assault on OpenAI to also target Microsoft
Billionaire Elon Musk co-founded OpenAI but now says the ChatGPT developer has betrayed its original mission of helping humanity with artificial intelligence.

EngadgetNov 15, 2024
Elon Musk adds Microsoft as defendant in his lawsuit against OpenAI
Elon Musk has amended his lawsuit against OpenAI, adding more anti-trust claims against the company and including Microsoft as a defendant. He also added his company, xAI, as well as Shivon Zilis, a former OpenAI board member and mother to three of his children, as plaintiffs. Musk originally sued OpenAI in March, accusing founders Sam Altman and Greg Brockman of violating the organization's non-profit mission by teaming up with Microsoft. He withdrew the state court lawsuit in June before suing OpenAI and Altman again in federal court. 

Musk was one OpenAI's earliest backers, and one of his arguments was that he was "betrayed by Mr. Altman and his accomplices." In response to his lawsuit, OpenAI published old emails from 2015 to 2018 in a blog post, wherein it claimed that Musk was involved in the planning when the company first explored transitioning into a for-profit structure. xAI's founder allegedly wanted majority equity, control of the initial board of directors and the CEO position and even suggested merging OpenAI with Tesla. Musk left the organization in 2018 before Microsoft invested the first billion in OpenAI. Since then, Microsoft has invested $13 billion in the generative AI firm, and OpenAI has taken steps to complete its transformation


EngadgetNov 14, 2024
EU fines Meta $842 million in a Facebook Marketplace antitrust case
The executive arm of the European Union isn't shying away from slapping major tech companies with hefty fines. The European Commission has fined Meta €797.12 million ($842 million) for violating antitrust regulations.

The EC says that by tying Facebook Marketplace to Facebook and "imposing unfair trading conditions on other online classified ads service providers," Meta "abused its dominant positions" in the social networking space. Regulators determined that all Facebook users are "regularly exposed" to Marketplace, even if they don't want to be. To that end, the link between the two services gives Meta "a substantial distribution advantage which competitors cannot match."

In addition, the EC found that third-party classified ads services that advertised on the likes of Facebook and Instagram were subject to unfair trading conditions. "This allows Meta to use ads-related data generated by other advertisers for the sole benefit of Facebook Marketplace," regulators contended.

The fine was determined based on the duration and extent of the infringement, as well as Meta's revenue. The Commission also told Meta to end the practice and avoid repeating such conduct or trying something similar.


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