BRUSSELS—Five Alphabet subsidiaries, two Meta Platforms units, two Microsoft businesses, Twitter, and Alibaba’s AliExpress are among 19 companies subject to landmark EU online content rules, EU industry chief Thierry Breton said on Tuesday. The rules known as the Digital Services Act (DSA) require the companies to do risk management, conduct external and independent auditing, share…
Hyundai Motor Bolsters US Presence With $5 Billion EV Battery Venture
April 25, 2023
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Asia & PacificbatteryBusiness & MarketsCompanieseconomyHyundaiSouth KoreaTechTech NewsUnited StatesUSWorld
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SEOUL0—South Korea’s Hyundai Motor Co. said on Tuesday it had finalized a $5 billion electric vehicle (EV) battery joint venture in the United States, boosting electrification efforts in its largest market. Hyundai also reported its first-quarter net profit had more than doubled, exceeding expectations. Its shares rose as much as 5 percent to a seven-month…
IN DEPTH: Elon Musk’s Dream to Bring Affordable Internet to Africa Stymied by Political Roadblocks and Greed
JOHANNESBURG, South Africa—Elon Musk’s promise to provide cheaper, faster, and more reliable internet in Africa is proving to be very difficult to keep, even for someone as famously indefatigable as he is. The business magnate and super-investor is the founder and chief engineer of SpaceX, CEO of Tesla, and owner of Twitter, but he’s struggling…
Elon Musk Suggests Twitter as New Platform for Tucker Carlson After Fox News Departure
Billionaire entrepreneur Elon Musk suggested Twitter could be a platform where Tucker Carlson could prosper after the Fox News primetime host departed the network on Monday. Carlson had been a fixture at Fox News since 2009, and had hosted his own primetime “Tucker Carlson Tonight” show from November 2016 until his final installment last Friday….
UK Targets Subscription Traps and Fake Online Reviews With New Law
April 25, 2023
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Business & MarketsCompanieseconomic policiesKevin HollinrakeMedia & Big TechsubscriptionTechTech NewsUKWorld
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Digital platforms could be hit with huge fines for failing to protect consumers from subscription traps and online scams, a new UK regulator has said. The Digital Markets Unit (DMU) will be given new powers to ensure that online customers and businesses are not unfairly disadvantaged by the biggest players. Firms deemed to have “strategic…
Social Media Catalyzed Recent Bank Failures, Paper Says
“Social media fueled a bank run on Silicon Valley Bank (SVB), and the effects were felt broadly in the U.S. banking industry,” reads the first line of an academic paper discussing the role of social media in last month’s collapse of tech bank SVB. The study, led by J. Anthony Cookson of the University of…
US Government ‘Decades Behind’ Understanding AI: Former Presidential Candidate Andrew Yang
Former presidential candidate Andrew Yang believes the American government is years behind in understanding the consequences of artificial intelligence and warns that science fiction scenarios are now becoming real. “It can be a force for civilizational progress, but it can also destroy us at the high end. So, you would want a tailored approach. You’d…
US, South Korea Made Progress in Securing Critical Technologies: White House
April 23, 2023
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyChinese Regimeeconomic policiesExecutive BranchMicron Technology IncNational SecurityPoliticsSouth KoreaTechTech NewstechnologyUSUS NewsWorld
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The United States and South Korea have made “historical progress” in deepening cooperation to secure critical technologies and address economic coercion, the White House said on Sunday. This came as South Korean President Yoon Suk-yeol prepared for his first state visit to the United States on Monday for talks with President Joe Biden, which Washington…
Putting ‘Good’ Back Into the Algorithm: A New Tech Platform Hopes to Help Parents
Parents in America know the difficulties of pulling their children away from electronic devices, especially after months of virtual learning due to school lockdowns during the pandemic. About half of America’s middle schoolers spend five hours or more daily on weekends watching videos on an electronic device, and 30 percent spend seven hours or more…
Homeland Security Plans to Integrate AI to Tackle Critical Missions
April 23, 2023
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American national securityartificial intelligence (AI)Homeland Security Secretary Alejandro MayorkasNational SecurityPolicies & ImpactsPublic SafetyTechTech NewsUS
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The U.S. Department of Homeland Security (DHS) plans to form a task force that will explore the use of artificial intelligence (AI) to advance “critical homeland security missions.” The rapid evolution of the threat environment requires the Department to evolve along with it, said Secretary of Homeland Security Alejandro Mayorkas in an April 21 press release….
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