DIRS.INFO The most relevant business & tech news

☆ Here's how your iPhone could get worse if the DOJ's antitrust lawsuit succeeds
▼ + stars: | 2024-03-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Some critics of the suit believe it could make the iPhone worse, leading to security concerns and a less seamless experience. But is that something that iPhone users really want? The DOJ filed an antitrust lawsuit against Apple on Thursday. AdvertisementFor its part, Apple has argued that the DOJ's lawsuit could pose any number of issues for iPhone users — from security and privacy concerns to a degradation in user experience. A less seamless user experienceThe DOJ's lawsuit could also have a detrimental impact on Apple's signature user experience, according to some experts.

Persons: —, Apple, Jeff Chiu, Tim Cook, Cook, Benedict Evans, Evans, Jennifer Huddleston, Koch, Huddleston, Adam Kovacevich, Dave Lee, Lee, Forrester, Dipanjan Chatterjee, Apple's, Chatterjee, Fortune Organizations: DOJ, Apple, Service, US Department of Justice, AP, Union's, Venture, Cato Institute, Apple Watch, of, Big Tech, Bloomberg

☆ Congress hasn’t been able to make social media safer. Here’s why
▼ + stars: | 2024-02-01 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

This has been true since the early 2010s, when tech companies began realizing the benefits of influencing policymakers on issues including net neutrality and privacy. This week, Microsoft announced its support for the Kids Online Safety Act, a leading social media bill. Even when lawmakers can agree on what the problem is, they often disagree on how to solve it, creating a smorgasbord of half a dozen or more social media bills floating around Congress. That would be a huge down payment on a future social media law, said Balkam. But even that proposal is still subject to many of the same dynamics that make social media regulation hard.

Persons: Washington CNN —, ”, Danny Weiss, Ben Thompson, Adam Kovacevich, “ That’s, hasn’t, Republican stonewalling, Weiss, Kovacevich, ” Kovacevich, I’m, ” Weiss, Chuck Schumer, Mike Johnson, Schumer, Nancy Pelosi’s, “, Johnson didn’t, Evan Greer Organizations: Washington CNN, Big Tech, Tech, Sense, Microsoft, Kids, LinkedIn, of, Republican, CNN Locations: Washington, United States

☆ CNBC Daily Open: Russell 2000’s best day since July bodes well for markets
▼ + stars: | 2023-10-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's renewed reboundChina's economic growth will return next year, Mark Makepeace, former head of benchmark giant FTSE Russell told CNBC. [PRO] Rising oil prices could boost non-energy stocksExogenous shocks, like supply cuts and the Israel-Hamas war, have forced oil prices upward. That's good news for energy stocks — but these non-energy, European stocks also stand to benefit when oil and gas prices rise, according to Bank of America.

Persons: China's, Mark Makepeace, Makepeace, Jim Jordan, Adam Kovacevich, Biden, Joe Biden, Antony Blinken Organizations: CNBC, Russell, Big Tech, Republican, U.S . House, Apple, Biden, of Progress, Israel U.S, Hamas, Bank of America Locations: Asia, Pacific, , New Zealand, China, Israel, Gaza

☆ Google, Amazon, Apple could see antitrust bills put on hold if Jim Jordan is House speaker
▼ + stars: | 2023-10-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

"If Jim Jordan becomes Speaker, it is very unlikely that Congress will do anything on big tech in the near future," said Jon Schweppe, a policy director at the conservative American Principles Project. As Jordan's internal campaign gained momentum on Monday, Washington's thousands of lobbyists raced to determine how a Jordan speakership might impact their clients' bottom lines. "Instead, you'll see more performative anger over petty issues, designed to redirect attention away from the things that could actually hold big tech accountable," said the lobbyist. As chairman of the powerful House Judiciary Committee, Jordan has accused tech companies of censoring conservatives on their platforms. For big tech companies, the prospect of bipartisan antitrust legislation passing in Congress would amount to a far more urgent threat to their businesses than a partisan content moderation bill.

Persons: Jim Jordan, Joseph R, Biden, Jr, Tom Williams, Jim Jordan of, Jon Schweppe, Jordan, Meta, he's, Adam Kovacevich, Josh Edelson Organizations: Committee, Cq, Inc, Getty, Apple, CNBC, Republican, Judiciary, Press, Amazon, Google, Biden, of, Worldwide, Conference, AFP Locations: Ohio, Rayburn, Jim Jordan of Ohio, Cupertino , California

Affirmative action supporters and counterprotesters shout at each other outside the U.S. Supreme Court building in Washington, D.C., June 29, 2023. Now that the Supreme Court has struck down race-conscious admissions, employers could face challenges in how they find diverse talent. A group of 13 Republican attorneys general suggested in the wake of the ruling that companies' diversity, equity and inclusion, or DEI, programs could be considered unlawful discrimination. In the wake of the ruling, many fear universities could become less reliable sources from which to recruit diverse talent. However, during the last year there has been a "step back" in terms of diversity hiring, said Reyhan Ayas, a senior economist at Revelio Labs, a workforce data and analytics firm.

Persons: Kent Nishimura, Jocelyn Samuels, Lorraine Hariton, Donald Harris, Stacy Hawkins, Kim Waller, Korn, Waller, Ahmad Thomas, Thomas, it's, We've, Alvin Tillery, Tillery, Carey Thompson, Adam Kovacevich, George Floyd, Russell, Reyhan Ayas, Northwestern's, Salesforce, Kovacevich, VI, Temple's Harris, " Harris Organizations: U.S, Supreme, Washington , D.C, Los Angeles Times, Apple, General Electric, Google, Starbucks, Harvard University, University of North, Democratic AGs, Employment, Commission, Catalyst, Temple University School of Law, University of California, University of Michigan, Urban Institute, Employers, Rutgers University . Companies, . Census, Temple University School of Law Business, Leadership Group, Corporate, Northwestern's Center, Diversity and Democracy, Gettysburg, of Progress, Economic, Revelio Labs, Silicon, Amazon, Microsoft, Civil Locations: Washington ,, University of North Carolina, U.S, Silicon Valley

☆ Meta says it will block news on Facebook in California if recently advanced bill becomes law
▼ + stars: | 2023-06-01 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

California lawmakers advanced a bipartisan bill Thursday that would require Big Tech platforms to pay publishers for news they host, just a day after Meta threatened to remove news from Facebook and Instagram should the bill pass. The California Journalism Preservation Act, which passed out of the state Assembly 46-6, still needs to be approved by the state Senate and signed by Democratic Gov. The California bill has similar aims to federal legislation that a bipartisan group of lawmakers attempted to advance last year. The current conflict between Meta and California lawmakers recalls a similar fight in Australia in 2021, when the government there sought to require online platforms to pay for news content. WATCH: Australia slams Facebook's move to block news amid new media bill

Persons: Meta, Gavin Newsom, Andy Stone, Adam Kovacevich, Danielle Coffey, Facebook's Organizations: Big Tech, Facebook, California Journalism, Democratic Gov, Twitter, Media Alliance, Tech, Journalism, CNBC, YouTube Locations: California, Meta, Australia

Interviews with a U.S. senator, congressional staffers, AI companies and interest groups show there are a number of options under discussion. Some proposals focus on AI that may put people's lives or livelihoods at risk, like in medicine and finance. Other possibilities include rules to ensure AI isn't used to discriminate or violate someone's civil rights. Another debate is whether to regulate the developer of AI or the company that uses it to interact with consumers. GOVERNMENT MICROMANAGEMENTThe risk-based approach means AI used to diagnose cancer, for example, would be scrutinized by the Food and Drug Administration, while AI for entertainment would not be regulated.

☆ DOJ undermines Google in Supreme Court case over who's responsible for social media posts
▼ + stars: | 2022-12-08 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

Section 230 allows for online platforms to engage in good faith content moderation while shielding them from being held responsible for their users' posts. Both the district and appeals courts agreed that Section 230 protected Google from liability for hosting the content. Though it did not take a position on whether Google should ultimately be found liable, the Department recommended the appeals court ruling be vacated and returned to the lower court for further review. But, it added, the claims about "YouTube's use of algorithms and related features to recommend ISIS content require a different analysis." The DOJ said the appeals court did not adequately consider whether the plaintiffs' claims could merit liability under that theory and as a result, the Supreme Court should return the case to the appeals court so they can do so.

The answer is simple, according to more than a dozen Washington insiders, FTX employees, and crypto industry observers who spoke with Insider. I don't think anyone believed that he was going to fund candidates who were, quote unquote, committed to ending pandemics who were also hostile to the crypto industry." Alex Wong/Getty ImagesRebuffed by the SEC, Bankman-Fried turned his attention to Congress. "It's not that he was welcoming regulation," says the senior figure in the crypto industry who attended meetings with Bankman-Fried. But while Bankman-Fried was busy wooing Washington, FTX was about to become Exhibit A in the case for more effective oversight of the crypto industry.

☆ An antitrust battle over GIFs could be a wake-up call for Silicon Valley
▼ + stars: | 2022-10-20 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

But a long-running legal battle over who can control access to them, culminating this week in a rare defeat for Meta (META), the parent of Facebook, could have major ramifications for Big Tech regulation. On Tuesday, UK regulators forced Meta to unwind its 2020 purchase of Giphy, one of the largest searchable internet libraries of GIFs. “The Citadel may have been breached,” said Joel Mitnick, an antitrust attorney at the law firm Cadwalader, Wickersham & Taft. The company said this week that it will continue to explore acquisitions despite the UK ruling. And US courts don’t typically take foreign antitrust rulings into account; their job is to interpret US law.

Search resuls for: "Adam Kovacevich"

10 mentions found