FTC Chair: Open AI models can “liberate startups”
The Commissioner of the FTC, Lina Khan, spoke at a Y Combinator event yesterday, supporting open AI models as a way to help level the playing field for “little tech” in the fast-moving industry. Khan ...
Microsoft blames the global CrowdStrike fiasco on EU regulation
If you were unfortunate enough to spend last weekend in an airport, your travel plans were probably wrecked by a widespread “blue screen of death” mishap that shut down 8.5 million Windows-powered dev...
EU: Meta’s “pay or consent” model may violate consumer protection laws
The European Commission is going after Meta and its “pay or consent” model on multiple fronts. Today, the government body said giving consumers only the options to either pay a €12.99 subscription fee...
The EU has absurd guidelines for fining American tech giants
Last week, Elon Musk’s X came under fire from the European Commission for violating its Digital Services Act, and the commission has threatened to fine the platform up to 6% of its global revenue. Fro...
EU checks Elon Musk’s blue checks
The European Commission today charged Elon Musk’s X with being in violation of its Digital Services Act (DSA), in part for how it operates its Blue checkmark, or verified accounts. “Since anyone can s...
Epic Games' war with Apple opens up new front in Europe
Last month the European Union charged Apple with obstructing purchases outside its App Store, something the iPhone maker is supposed to support as part of the sweeping Digital Markets Act (DMA) regula...
SEC sues crypto-friendly bank as it failed to spot suspicious FTX transfers
The SEC’s going into the holiday week with its regulatory guns blazing. The agency sued Silvergate Bank parent Silvergate Capital Corporation on Monday, accusing the crypto-friendly bank of failing to...
European Commission charges Apple for potential App Store violations
Biting back Apple and the EU continue to go head-to-head. Last week, the tech giant announced that it would withhold a number of features from European users — including Apple Intelligence and iPhone ...
EU could fine Apple nearly $40B for obstructing purchases outside the App Store
The EU has charged Apple with violating the Digital Markets Act, regulations which require the iPhone maker to allow app creators the option to direct users outside the company’s App Store to make pur...
FTC refers TikTok complaint to Justice Department
The Federal Trade Commission took the unusual step of issuing a public statement saying it had referred a complaint involving TikTok and its parent company, ByteDance, to the US Department of Justice,...
Social media should get warning labels for teens, per Surgeon General
Doctor’s orders Just over a year ago, US Surgeon General Dr. Vivek Murthy recommended that legislators, parents, and tech companies take steps to make social media safer for children in light of the y...
Microsoft stalls release of Windows AI tool, Recall
After privacy experts and consumers let out a collective “ew” after Microsoft’s AI Windows demo last month, the company is delaying the rollout of Recall. The new feature creates a record of everythin...
Terraform Labs, firm behind disgraced algo stablecoin, agrees to $4.5B fine
Terraform Labs, the crypto company whose blowup helped kick off a crypto winter in 2022, agreed to an enormous fine on Wednesday. Terraform Labs said it’d pay $4.47 billion in fines and penalties foll...
CFTC commissioner blasts the regulator’s handling of prediction markets
Commissioner Summer Mersinger of the Commodities Futures Trading Commission has a bone to pick — with the CFTC. The Biden-nominated official took the stage Thursday at the Consensus crypto conference ...
Robinhood Crypto joins other major exchanges as target of SEC Wells notice
Earlier today Robinhood Crypto said that it'd received a so-called Wells notice from the Securities and Exchange Commission on May 4, suggesting the regulator may be prepping some sort of enforcement ...
TikStocks: how a TikTok ban would affect other companies
The likelihood of a US TikTok ban is higher than ever. Last Thursday, the House of Representatives fast-tracked a bipartisan effort that could lead to Gen Z’s favorite app being banned in the US, and ...
China makes Apple remove WhatsApp, Threads, Signal and Telegram from app store
In its latest move to restrict foreign tech, Beijing has ordered Apple to remove a number of popular messaging apps from its app store there, including WhatsApp, Threads, Signal and Telegram. These ap...
Sam Altman’s Worldcoin takes another hit
Unlike its eyeball-scanning metallic orbs, Worldcoin’s future isn’t looking so shiny. Last week, Portuguese regulators ordered the controversial Sam Altman-backed project to stop collecting user data ...