Policy – SiliconANGLE

EU now tells Meta to keep platform free of misinformation during Israel-Gaza conflict

James Farrell — Thu, 12 Oct 2023 03:00:21 +0000

A day after the European Union warned X Corp. about the spread of disinformation regarding the Hamas attack on Israel, a similarly worded letter was sent to Meta Platforms Inc. Chief Executive Mark Zuckerberg. In this missive, also penned by the European Commissioner Thierry Breton, Meta was told to heed the EU’s Digital Services Act – […]

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Microsoft vows to fight after IRS slaps it with $29B tax bill

Mike Wheatley — Wed, 11 Oct 2023 23:45:20 +0000

Microsoft Corp. is bracing itself for a lengthy battle with the U.S. Internal Revenue Service over billions of dollars in back taxes that it’s said to owe. In a securities filing and blog post today, Microsoft revealed it’s planning to contest an IRS request to pay an additional $28.9 billion in taxes, plus interest and […]

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EU sends stern words to Elon Musk over Hamas attack disinformation appearing on X

James Farrell — Wed, 11 Oct 2023 06:52:51 +0000

The European Union Tuesday issued a warning to X Corp. boss Elon Musk over possible disinformation appearing on the platform regarding the recent Hamas attack on Israel. Thierry Breton, the European commissioner for the internal market, said in a letter addressed to Musk that his office has “indications” that various people or groups are promulgating […]

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UK launches investigation into public cloud market with focus on hyperscalers

Maria Deutscher — Thu, 05 Oct 2023 18:11:16 +0000

The U.K.’s antitrust regulator will investigate the public cloud market to determine if leading industry players may be engaging in anticompetitive practices. The Competition and Markets Authority, or CMA, announced the probe today. The move comes shortly after Ofcom, a U.K. regulator responsible for overseeing the local telecommunications and broadcast sectors, completed a study of […]

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New report details ‘Project Nessie’ algorithm flagged in FTC lawsuit against Amazon

Maria Deutscher — Tue, 03 Oct 2023 21:28:27 +0000

New details have emerged about Amazon.com Inc.’s “Project Nessie” algorithm, which is a major focus of a lawsuit the Federal Trade Commission recently brought against the company. The Wall Street Journal reported today that Amazon used Project Nessie to set product prices on its e-commerce marketplace. The publication attributed the information to former employees of […]

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Microsoft CEO Satya Nadella testifies in high-profile Google antitrust trial

Maria Deutscher — Mon, 02 Oct 2023 21:37:44 +0000

Microsoft Corp. Chief Executive Satya Nadella today testified in an antitrust lawsuit that the Justice Department is pursuing against Google LLC. The case is currently in the third week of what is expected to be an up to 10-week trial. U.S. District Judge Amit Mehta, who is presiding over the case, reportedly has the power […]

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EU telcos call for big tech to help finance internet infrastructure upgrades

Maria Deutscher — Mon, 02 Oct 2023 17:43:51 +0000

The heads of Europe’s largest telecommunications companies are arguing that tech giants should help pay for new internet infrastructure, the Financial Times reported today. The executives reportedly expressed their view in a joint letter addressed to members of the European Parliament. A copy will also be shared with the European Commission, the EU’s executive branch. […]

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French antitrust regulator reportedly raids Nvidia’s local offices

Maria Deutscher — Thu, 28 Sep 2023 21:30:11 +0000

France’s antitrust regulator, the Autorité de la concurrence, has reportedly carried out an early-morning raid at Nvidia Corp.’s local offices. The regulator disclosed the raid on Wednesday without naming the company its officials visited. This morning, the Wall Street Journal reported that Nvidia was the focus of the exercise. According to the Journal, antitrust raids […]

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FTC and 17 states sue Amazon over e-commerce practices

Maria Deutscher — Tue, 26 Sep 2023 20:04:21 +0000

The Federal Trade Commission and 17 state attorneys general today sued Amazon.com Inc. for allegedly using anticompetitive business tactics in the e-commerce market. The plaintiffs are seeking an injunction to halt the practices in question. Additionally, they’ve asked the federal court where the complaint was filed for “structural remedies.” This term often refers to antitrust […]

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FCC seeks to reinstate 2015 net neutrality rules

Maria Deutscher — Tue, 26 Sep 2023 17:47:04 +0000

The U.S. Federal Communications Commission will soon launch an effort to reinstate net neutrality rules that were rescinded during the Trump administration, Reuters reported this morning in a move confirmed later by the FCC. FCC chair Jessica Rosenworcel announced the initiative formally in a speech today. The development comes less than a month after Democrats gained […]

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EU fines Intel €376M in connection with 2007 antitrust case

Maria Deutscher — Fri, 22 Sep 2023 19:19:27 +0000

The European Union has fined Intel Corp. €376.36 million in connection with an antitrust case that traces its roots to 2007. The European Commission, the EU’s executive branch, announced the decision today. The antitrust case that led to the fine relates to Intel’s business practices in the personal computer processor market. In 2007, EU officials […]

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Adapting to new rule changes in cyber risk management: How the SEC changed the game

Sead Fadilpasic — Thu, 21 Sep 2023 16:02:06 +0000

Security and Exchange Commission’s July 2023 rule changes in cyber risk management require companies to disclose governance processes and cyber risk in 10-K filings, define materiality thresholds and publicly disclose material cyber incidents within four days in an 8-K filing. Companies should now establish a framework for determining materiality, considering various factors, as the SEC […]

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Huawei subsidiary ships advanced surveillance camera chips in another sign it’s skirting US sanctions

Mike Wheatley — Wed, 20 Sep 2023 23:42:47 +0000

A subsidiary of China’s Huawei Technologies Co. Ltd. is reportedly shipping homegrown chips with advanced capabilities for surveillance cameras, in yet another sign that it’s managing to get around U.S. export controls. Huawei’s HiSilicon chip design business began shipping its newest chips to surveillance camera manufacturers in both China and abroad earlier this year, Reuters […]

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UK passes Online Safety Bill, vows to tame the ‘Wild West’ of online communications

James Farrell — Wed, 20 Sep 2023 02:21:26 +0000

The British government today passed the controversial and groundbreaking Online Safety Bill after the legislation received the green light in what was the final parliamentary debate on the matter. The bill consists of around 300 pages of sweeping legislation that the U.K. says will make the country “the safest place in the world to be […]

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Elon Musk says X users soon may have to pay a subscription fee to use the platform

James Farrell — Tue, 19 Sep 2023 01:18:03 +0000

Elon Musk today said today he’s considering making X Corp., the social network formerly known as Twitter Inc., a subscription-based platform for all users, albeit at low cost. He issued those words in a livestreamed conversation with the Israeli Prime Minister Benjamin Netanyahu (pictured). The conversation turned to artificial intelligence and the future of AI, […]

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California stays ahead on state privacy protection

David Strom — Fri, 15 Sep 2023 20:28:48 +0000

California has become the latest state to enact a special law regulating how consumers can remove themselves from data brokers. The Delete Act was passed this week and it’s now up to Governor Gavin Newsom to sign it into law. But it has already led to similar laws and bills being proposed in other states […]

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Apple moves to update iPhone 12 in France to address radiation issue

Kyt Dotson — Fri, 15 Sep 2023 15:15:32 +0000

Apple Inc. said today that it will update software on the iPhone 12 in France to address an issue discovered by the country’s government that it may emit high levels of electromagnetic radiation. At the same time, other countries in the European Union have signaled investigations into the phone’s emissions. According to a report from Reuters, […]

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Supreme Court pauses lower-court order restricting Biden administration’s contact with social media firms

James Farrell — Fri, 15 Sep 2023 00:51:33 +0000

The U.S. Supreme Court today put a temporary block on a lower court order that limited the Biden administration’s contact with social media companies. The original order was put in place to prevent the administration from applying pressure on such companies to moderate what it considered possible misinformation. It had earlier been discovered that the […]

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As France warns Apple it might have to recall the iPhone 12, Apple tries to dampen radiation fears

James Farrell — Thu, 14 Sep 2023 01:44:42 +0000

The French watchdog Agence Nationale des Fréquences told Apple Inc. Tuesday that it has to halt sales of its iPhone 12 in France over fears the device emits dangerous levels of radiation. ANFR, as it’s known for short, told Apple that if the phones are not fixed via a software update, every iPhone 12 will […]

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Microsoft suspects China is now using AI in disinformation campaigns to sway US voters

James Farrell — Fri, 08 Sep 2023 01:15:49 +0000

In a report published today by Microsoft Corp.’s Threat Analysis Center, analysts warned that Chinese operatives may now be using images created by artificial intelligence to provoke division inside the U.S. in the run-up to the 2024 U.S. election. The report’s focus was on possible threats from all of East Asia, but China is the […]

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Automating financial crime detection: Cable Tech bridges the gap between traditional finance and cryptocurrency

Chad Wilson — Thu, 07 Sep 2023 20:53:38 +0000

In the world of financial services, where money laundering and illicit activities lurk in the shadows, the need for robust automated controls is critical. Meet Cable Tech Inc., a startup that is changing the financial industry by automating the painstaking process of testing these crucial controls. “There is another regulatory requirement which is to independently […]

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UK updates stance on controversial Online Safety Bill after criticism of encryption proposal

Maria Deutscher — Wed, 06 Sep 2023 21:41:47 +0000

The U.K. government has updated its stance about a controversial bill that could require encrypted messaging apps to be scanned for illegal user content. Arts and Heritage Minister Lord Stephen Parkinson detailed the update in a statement to the U.K. parliament, the Financial Times reported today. In 2021, the U.K. parliament proposed a law called […]

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EU designates six tech giants as gatekeepers under DMA law

Maria Deutscher — Wed, 06 Sep 2023 17:39:12 +0000

The European Commission today designated Alphabet Inc., Amazon.com Inc., Apple Inc., ByteDance Ltd., Meta Platforms Inc. and Microsoft Corp. as gatekeepers under the European Union’s DMA legislation, making them subject to more stringent regulatory requirements. The DMA, or Digital Markets Act, is a piece of legislation that was rolled out in the EU last year. It’s designed […]

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FTC antitrust lawsuit against Amazon will likely come later this month after talks break down

James Farrell — Wed, 06 Sep 2023 02:04:59 +0000

The Federal Trade Commission is reportedly going ahead with an antitrust lawsuit against Amazon.com Inc. after the company’s lawyers offered no concessions in recent talks with the regulator, according to a report today in the Wall Street Journal. The FTC’s probe into the e-commerce giant began during President Donald Trump’s administration, when the government initiated antitrust […]

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Elon Musk says he might sue the Anti-Defamation League for … defamation

James Farrell — Tue, 05 Sep 2023 01:45:05 +0000

X Corp. boss Elon Musk today partly blamed the Anti-Defamation League, or ADL, for his company’s steep decline in advertising revenue since he became boss of what was then Twitter Inc. The mercurial tech mogul (pictured) took to X today to air his views, something that quite often leads to headlines in the media. This […]

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Huawei’s latest smartphone showcases China’s chip manufacturing breakthrough

Mike Wheatley — Tue, 05 Sep 2023 00:01:42 +0000

Huawei Technologies Co. Ltd. has teamed up with China’s leading chipmaking firm, Semiconductor Manufacturing International Corp., to build an advanced, seven-nanometer processor that sits at the heart of its latest flagship smartphone. A teardown of the new device issued today by analysts from TechInsights Inc. shows that the Huawei Mate 60 Pro is powered by a […]

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Microsoft to unbundle Teams from Office in Europe amid antitrust probe

Maria Deutscher — Thu, 31 Aug 2023 17:54:47 +0000

Microsoft Corp. is changing how it sells its Teams videoconferencing and messaging service in Europe to address antitrust concerns raised by regional regulators. Nanna-Louise Linde, Microsoft’s vice president for European government affairs, announced the move in a blog post today. The changes to Teams will go into effect on Oct. 1. Microsoft currently sells Teams […]

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Cybersecurity compliance: What companies need to know about the new SEC rules

Victor Dabrinze — Thu, 31 Aug 2023 15:26:41 +0000

The U.S. Securities and Exchange Commission recently updated its rules on cyber risk management, governance and incident disclosure. The new rules will take effect in December 2023. Given that the guidelines have only been out for a month, how are companies responding to its stipulations so far, and what major challenges are they facing on […]

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Meta removes thousands of accounts linked to Chinese government propaganda campaign

James Farrell — Wed, 30 Aug 2023 02:03:14 +0000

Meta Platforms Inc. today said that it has disrupted a Chinese disinformation campaign that it called the “largest known cross-platform covert influence operation in the world.” The company said that not only Facebook and Instagram had been infiltrated, but so was Twitter –now X – Reddit, TikTok, YouTube, Medium, Substack and Tumblr. In total, the […]

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To placate EU regulators, Meta will let European users turn off its recommendation algorithms

James Farrell — Wed, 23 Aug 2023 01:06:42 +0000

Meta Platforms Inc. today explained that it has had to make some major changes in Europe to its Instagram and Facebook platforms in order to comply with the bloc’s Digital Services Act, or DSA. Meta, just as any other American tech behemoth will have to do if it wants to meet the requirements of the EU’s […]

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