The German economy, historically known as the powerhouse of Europe, is currently facing significant challenges. Its heavy reliance on Russian energy and trade with China needs to be reduced, and new sources of growth must be identified. This will require substantial investment and time. Consequently, Germany’s stock market has fallen behind the U.S., with a …
PALM SPRINGS, Calif. (AP) — The conviction of former cryptocurrency mogul Sam Bankman-Fried for embezzling at least $10 billion from customers and investors has further tarnished the reputation of the cryptocurrency industry. Surprisingly, there appears to be little interest in Washington to promote regulatory measures. During the collapse of cryptocurrencies and the failure of several …
By Catalina Makhmudova Petrenko Updated Oct. 16, 2023 11:20 am ET Key Takeaways The FCC fines Dish Network for irresponsible activity in space. Mismanagement of space debris and collisions can harm the environment. The technology and communications sector needs to improve waste management. Dish Network has agreed to pay a $150,000 fine to the U.S. …
In the increasingly intense battle to understand and regulate artificial intelligence (AI), Federal Trade Commission (FTC) Chairperson Lina Khan emphasized the need for additional support from Congress to keep up with technological advancements and effectively safeguard American consumers. Khan expressed gratitude for Congress increasing the FTC’s budget, enabling more hiring. She highlighted the importance of …
The Supreme Court is set to hear oral arguments on Tuesday in a landmark case that could invalidate the most powerful federal administrative agency ever established. The case, Consumer Financial Protection Bureau v. Community Financial Services Association of America, is an appeal of the Fifth Circuit’s unanimous ruling, which found that the CFPB’s use of …
The Biden administration has emphasized the importance of strong security standards in open-source software development during a two-day summit attended by technology companies, banks, and industry groups. Anne Neuberger, deputy national security adviser for cyber and emerging technology, stated that the administration wants companies to expand their use of software bill of materials, which provide …
Life is full of unavoidable annoyances: aging knees, complicated tax codes, and Pete Davidson. Yet, some annoyances are deliberately imposed by corporations seeking to exploit their market power for financial gain. The iPhone cord falls into the latter category. For over a decade, Apple’s Lightning cable has been synonymous with consumer electronics. It’s both exorbitantly …
Google has announced that all verified election advertisers will be required to disclose prominently if their ads use artificial intelligence (AI). This move is aimed at addressing the growing threat of misinformation associated with AI technology. The updated political content policy will take effect in November, one year before the 2024 presidential election. The policy …
The Robot Revolution: A Call for Regulation and Safety The Robot Revolution: A Call for Regulation and Safety The robot revolution began long ago, and so did the killing. One day in 1979, a robot at a Ford Motor Company casting plant malfunctioned—human workers determined that it was not going fast enough. And so 25-year-old …
Thousands of Airbnb rentals in New York City are at risk of being delisted as the city has failed to verify new rules that come into effect after Labor Day, according to a report. In order to comply with strict occupancy regulations and building codes, owners who utilize home-sharing platforms like Airbnb and Vrbo were …