Month: June 2023

Amazon under fire for ramping up sellers’ fees and advertising costs

Some delivery and storage costs for European vendors more than doubled in 2017-23, analysis shows Amazon has been accused of being “no friend of the small business” after a report discovered evidence that the online marketplace has ramped up fees and advertising costs for sellers. It found that between 2017 and 2022 Amazon had tripled …

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AI discrimination is a bigger risk than human extinction – EU chief

Commissioner says existential threat unlikely, but ‘guardrails’ needed for decision affecting livelihoods Discrimination is a bigger threat posed by artificial intelligence than possible extinction of the human race, according to the European Union’s competition commissioner. Margrethe Vestager said although the existential risk from advances in AI may be a concern, it was unlikely, whereas discrimination …

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Activision Blizzard: US judge blocks takeover by Microsoft until further hearings

Federal Trade Commission secures delay of $69bn deal which it argues would be anti-competitive A US district judge has granted the Federal Trade Commission’s request to temporarily block Microsoft’s $69bn buyout of video game maker Activision Blizzard and set a hearing next week. Microsoft’s bid to acquire the Call of Duty video game maker has …

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TechScape: The US is clamping down on cryptocurrency – is the UK next?

Regulators have launched two big lawsuits against Binance and Coinbase, and Rishi Sunak could mine the benefits • Don’t get TechScape delivered to your inbox? Sign up for the full article here Rishi Sunak’s techno-moment has come. Unfortunately for him, it might be too late. Last week, the US Securities and Exchange Commission (SEC) launched …

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Harmony: The Fall of Reverie review – disappointingly discordant

PC, Nintendo Switch, PlayStation 5, Xbox; Don’t NodThis choice-driven adventure gives the game away by showing what’s happening under the hood Polly thought she had left her home and her family behind, but her mother Ursula’s disappearance swiftly brings her back to the island of Atina. And it’s not just Polly’s family that’s in trouble. …

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AI could be most substantial policy challenge ever, say Blair and Hague

Report says British state is poorly prepared for radical changes that AI could unleash Artificial intelligence could represent the most substantial policy challenge ever faced by the UK and urgent action is needed to avoid falling behind rival powers such as the US, according to a report co-authored by Tony Blair and William Hague. The …

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US regulators move to block Microsoft’s $69bn Activision Blizzard deal

Federal Trade Commission opposes purchase, which would be largest in video-game industry history, on antitrust grounds The Federal Trade Commission asked a court to temporarily block Microsoft’s acquisition of Activision Blizzard on Monday, seeking to halt the deal from closing before the government’s case against the $69bn deal is heard. The FTC said Microsoft and …

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Cruise robotaxi appears to hinder emergency crews after mass shooting

Company said vehicle never obstructed access to scene in San Francisco even as police in video say it blocked first responders A Cruise self-driving car appeared to hinder first responders as they tried to access the scene of a mass shooting in San Francisco’s Mission District on Friday night, raising concerns about robotaxis’ ability to …

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Top US tech investor to open office in UK citing crypto-friendly approach

California-based venture capitalist firm says UK now on ‘right path to becoming a leader in crypto regulation’ A leading US tech investment firm that counts Facebook and Twitter among its successful bets has backed the UK’s approach to crypto regulation as it announced plans to open a London office that will be its first outside …

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