DIRS.INFO The most relevant business & tech news

☆ LinkedIn's new AI chatbot wants to help you get a job
▼ + stars: | 2023-11-01 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

LinkedIn debuted an artificial intelligence-powered chatbot Wednesday that it's billing as a "job seeker coach," and unveiled other generative AI tools for Premium members. The new AI chatbot, which aims in part to help users gauge whether a job application is worth their time, is powered by OpenAI's GPT-4 and began rolling out to some Premium users Wednesday. "We had to build a lot of stuff on our end to work around that and to make this a snappy experience," Berger told CNBC in an interview. The chatbot will also point to potential gaps in a user's experience that could hurt them in the job application process. In the past, many uses of AI in hiring or job applications have faced criticism for bias against marginalized communities.

Persons: OpenAI's GPT, Erran Berger, Berger, We've, we've, Jordan Novet Organizations: LinkedIn, Microsoft, CNBC, Harvard Business, Tech, Qualcomm

SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported its highest quarterly profit for the year as losses from its computer chip business narrowed amid a slow recovery in global demand. Samsung said it expects its business to further improve in coming months, considering the replacement cycles of personal computers and smartphones and the expansion of artificial intelligence-based devices and services, which has been increasing the demand for its DRAM chips. The South Korean technology giant’s 2.43 trillion won ($1.8 billion) operating profit for the three months to September still marked a 77.6% decline from the same period last year as the company in past months has grappled with weak memory chip prices and the global economic shock of Russia’s war on Ukraine. The company’s 67.4 trillion won ($50 billion) revenue for the last quarter was a 12.2% drop from a year earlier. Samsung said the losses from its memory chip business fell from 4.36 trillion won ($3.2 billion) in the second quarter to 3.75 trillion won ($2.78 billion) for the July-September period.

Persons: Samsung Organizations: Samsung Electronics, Samsung Locations: SEOUL, South Korea, Ukraine

☆ 'It's not that Huawei is superior, it's that Apple is inferior': What the Chinese internet is saying about the iPhone 15
▼ + stars: | 2023-10-31 | by ( Kwan Wei Kevin Tan | Tom Carter | ) www.businessinsider.com time to read: +5 min

People in China just aren't that enamored with Apple's iPhone 15. Apple faces stiff local competition from Chinese rival Huawei, which launched its Mate 60 Pro smartphone weeks before the iPhone 15.launched its Mate 60 Pro smartphone weeks before the iPhone 15. As of press time, posts discussing the iPhone 15 have drawn over 100 million views on Weibo, China's version of X. If it were you, would you upgrade to the iPhone 15 just to get USB C charging?" Apple launched the iPhone 15 at its "Wonderlust" event in September.

Persons: — Organizations: Apple, Huawei, Weibo, Service, Bloomberg, Xiaomi Locations: China, Weibo, Hong Kong

☆ Canada bans China’s Wechat from government devices citing security risks
▼ + stars: | 2023-10-31 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Canada has banned Chinese super-app WeChat on official government devices citing cybersecurity risks, following similar action taken against short-form video app TikTok earlier this year. CNN has reached out to Tencent, the owner of Wechat, and Kaspersky Lab for comment. In February, the Canadian government banned TikTok, owned by Beijing-based ByteDance, from government-issued mobile devices in light of cybersecurity concerns. Relative to TikTok, Wechat has been a less prominent target of global governments over the past year in part because it is much more popular among Chinese speakers. In August 2020, then-US President Donald Trump tried to ban Wechat along with TikTok by issuing executive orders.

Persons: Yintao Yu, Wechat, Donald Trump, Joe Biden Organizations: Hong Kong CNN —, Kaspersky, Treasury Board of Canada, CNN, Facebook, Twitter, PayPal, Chinese Communist Party, Trump Locations: Hong Kong, Hong Kong CNN — Canada, Russian, China, Beijing, California

☆ BlackBerry CEO John Chen to depart - The Globe and Mail
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

Blackberry CEO John Chen takes part in an event at the BlackBerry QNX headquarters in Ottawa, Ontario, Canada, February 15, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsCompanies BlackBerry Ltd FollowOct 30 (Reuters) - BlackBerry's (BB.TO) CEO John Chen has resigned and will exit the company on Friday, the Globe and Mail reported on Monday citing a source familiar with the matter. Chen joined BlackBerry in November 2013 and led the company's turnaround efforts in pivoting it from consumer hardware business to one that focused on enterprise software. Earlier this month, the company said it would separate the IoT and cybersecurity units and target a subsidiary initial public offering for the IoT business next fiscal year. Last year, it pulled the plug on its smartphones business and has since been trying to sell its legacy patents related to its mobile devices.

Persons: John Chen, Chris Wattie, Chen, Yuvraj Malik, Chavi Mehta, Shailesh Kuber, Krishna Chandra Organizations: BlackBerry, REUTERS, Globe and Mail, U.S, Thomson Locations: Ottawa , Ontario, Canada, Canadian, Bengaluru

☆ Canada bans WeChat, Kaspersky applications on government devices
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOTTAWA, Oct 30 (Reuters) - Canada on Monday banned Chinese messaging application WeChat and Russian antivirus program Kaspersky on government-issued mobile devices due to privacy and security risks, but said government information had not been compromised. WeChat and Kaspersky did not immediately respond to requests for comment. "The decision to remove and block the WeChat and the Kaspersky applications was made to ensure that government of Canada networks and data remain secure and protected and are in line with the approach of our international partners," the statement said. The applications will be removed from government-issued mobile devices on Monday, and users will be blocked from downloading them in the future. Canada in February banned TikTok, the short-video app owned by Chinese company Bytedance, from government-issued devices due to similar privacy and security concerns.

Persons: Dado Ruvic, Kaspersky, TikTok, Ismail Shakil, Yuvraj Malik, Grant McCool Organizations: REUTERS, Rights OTTAWA, HK, Treasury Board of Canada, Treasury, Thomson Locations: Canada, Moscow, Ottawa, Bengaluru

ABUJA, Nigeria (AP) — Africa’s fashion industry is growing rapidly to meet local and international demand but inadequate investment limits its potential, UNESCO said Thursday in a report released during Lagos Fashion Week. The demand for African fashion brands is also spurred by the growth in e-commerce, the UNESCO report noted. It’s really beautiful to see because it hasn’t always been like this,” said Omoyemi Akerele, who founded the Lagos Fashion Week in 2011 to encourage the patronage of Nigerian and African fashion. In Nigeria and other parts of Africa, young fashion designers are hungry for success and are taking over the global scene, said the UNESCO director-general. “So Africa is really the next frontier (for the fashion industry).”___Associated Press journalist Dan Ikpoyi in Lagos, Nigeria contributed.

Persons: Audrey Azoulay, ”, Omoyemi Akerele, “, Ejiro Amos, Tafiri, Dan Ikpoyi Organizations: UNESCO, Lagos Fashion, U.S . International Trade Administration, Associated Press Locations: ABUJA, Nigeria, Lagos, Africa, Nigerian

☆ 'Grandpa Google' is in danger of becoming irrelevant to younger generations, company exec testifies at antitrust trial
▼ + stars: | 2023-10-26 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Google leaders fear the search engine could become irrelevant to youth, a company exec testified. Senior VP Prabhakar Raghavan said Google is beset by rivals and youth call it "Grandpa Google." The company is defending itself in a landmark antitrust case brought by the US government. And it cited evidence that consumers switch their search engine to Google the majority of the time in cases where another search engine is offered as the default choice. One option would be to prohibit Google from paying companies to make Google a default search engine.

Persons: Prabhakar Raghavan, Google, —, Google's, Raghavan, Grandpa Google, Bing, Trump, Judge Amit Mehta Organizations: Google, Service, Fortune, Yahoo, The, Apple, Microsoft, Justice Department Locations: U.S, Alexandria , Virginia

Prabhakar Raghavan, Google's senior vice president for knowledge and information products, testified for the tech giant as it defends itself in the biggest antitrust trial in the last 25 years. The government has accused the company of illegally thwarting competitors from making inroads against its ubiquitous search engine. Google says its search engine is dominant because it has a better product than its competitors. And it cited evidence that consumers switch their search engine to Google the majority of the time in cases where another search engine is offered as the default choice. One option would be to prohibit Google from paying companies to make Google a default search engine.

Persons: Prabhakar Raghavan, Google's, Raghavan, Google, Grandpa Google, ” Raghavan, ”, Bing, Trump, Judge Amit Mehta Organizations: WASHINGTON, Google, Fortune, Yahoo, The, Apple, Microsoft, Justice Department Locations: U.S, Alexandria , Virginia

People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. Mobile display panel orders are concentrated in the second half of the year, when panels for Apple's latest mobile products are produced before the holiday season. Shares in LG Display rose as much as 8% after the earnings result, versus a 0.7% drop in the wider market (.KS11). "LG Display made it clear it will turn to profit. LG Display posted an operating loss of 662 billion won ($491.11 million) for the July-September quarter versus a loss of 759 billion won a year earlier.

Persons: Lisi Niesner, Sung, Kim, Jeff Kim, midsized, Max, 1,347.9600, Joyce Lee, Heekyong Yang, Clarence Fernandez, Jamie Freed, Lincoln Organizations: LG, IFA, REUTERS, Wednesday, Apple, KB Securities, Analysts, Thomson Locations: Berlin, Germany, SEOUL, Korean

☆ How the CHIPS Act is aiming to restore a U.S. lead position in semiconductors
▼ + stars: | 2023-10-17 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

That's where the bipartisan $52.7 billion CHIPS Act comes in, with a goal of having the U.S. compete once again with countries like South Korea and Taiwan in semiconductors. "The CHIPS Act was a bipartisan recognition that is not an acceptable status quo." There is also funding from the CHIPS Act earmarked for worker development. However, as now more than a year has passed since President Joe Biden signed the CHIPS Act into law, many in the U.S. semiconductor industry are waiting for that money to flow into it. "This is a global industry and will remain a global industry and that's a good thing, but we want the United States to be a core part of their business models."

Persons: Michael Schmidt, Schmidt, Joe Biden, we've, CNBC's Morgan Brennan, isn't Organizations: CNBC, Treasury Department, Nvidia, Qualcomm, AMD Locations: U.S, South Korea, Taiwan, United States

Keep tabs on your fantasy team by tuning in with these free Broncos vs. Chiefs live streams. You can also watch Broncos vs. Chiefs for free online via Twitch. How to watch Broncos vs. Chiefs live streams from anywhereIf you're in the US, you can watch the Broncos vs. Chiefs game exclusively on Amazon Prime Video. Watch Broncos vs. Chiefs on Thursday Night Football. Here's a list of all upcoming Thursday Night Football games for the 2023 NFL season.

Persons: Russell Wilson, Taylor, Travis Kelce, Charissa Thompson, Tony Gonzalez, Ryan Fitzpatrick, Richard Sherman, ExpressVPN Organizations: Broncos, Chiefs, Denver Broncos, Kansas City Chiefs, Vikings, Amazon, Fox, Amazon Prime, Insiders, Prime, Apple, Watch Broncos, Thursday, Jaguars, Saints, Buccaneers, Bills, Titans, Steelers, Panthers, Bears, Bengals, Ravens, Football, Dolphins, Jets, Seahawks, Cowboys, Patriots, Chargers, Raiders, Rams, Browns Locations: San Francisco Bay, Denver

☆ Morningstar says the semiconductor sector is undervalued — and names 4 stocks to buy
▼ + stars: | 2023-10-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Semiconductors are looking undervalued, thanks to the selloff in some parts of the sector, according to Morningstar. That's even more undervalued than the wider tech sector, which it believes is 5% undervalued. Morningstar noted such stocks have sold off a little in September, especially in analog and mixed signal names — two types of chips in the semiconductor industry — and even in artificial intelligence chipmakers. Outside the AI sector, the firm also likes autos, expecting more chips to be used in cars, especially electric vehicles, in the years to come. That will enable the company to achieve high single-digit long term revenue growth, Morningstar said.

Persons: Morningstar, Brian Colello, Jack Keegan, it's Organizations: Nvidia, Infineon Technologies, NXP Semiconductors, Qualcomm, Morningstar, Skyworks Locations: Taiwan

☆ Google VP teases Gemini's multimodal future: 'I've seen some pretty amazing things.'
▼ + stars: | 2023-10-12 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

She also discussed how the company is rethinking the future of Google Assistant. AdvertisementAdvertisementThere's a lot of pressure on Google right now. A key person in the middle of all this is Sissie Hsiao, Google's VP and general manager of Bard and Google Assistant. If it disappoints, it will embolden critics who say Google has fallen behind. Google Assistant was the answer, and in 2021 Google reshuffled its search team to put Hsiao in charge of its voice assistant.

Persons: Bard, —, OpenAI's, Sundar Pichai, Demis Hassabis, Sissie Hsiao, Google's, She's, Hsiao, Gemini, I've, OpenAI, Josh Edelson, Getty Hsiao, It's, it's Organizations: Google, Service, Gemini, Microsoft Locations: Bard

We'll show you how to watch a Chiefs vs. Vikings live stream. CBS is airing the Chiefs vs. Vikings game at 4:25 p.m. How to watch Chiefs vs. Vikings live streams from anywhereIf you're in the US, chances are you can watch the Chiefs vs. Vikings game in most areas of the country, as it's the premier game for the late afternoon CBS doubleheader game. You might also be able to watch live streams, with a couple of dirt-cheap options if you don't already have a live TV streaming service. Watch Chiefs vs. Vikings on CBS.

Persons: Travis Kelce, Taylor Swift, there's, Patrick Mahomes, It's, DAZN, ExpressVPN Organizations: Kelce, Kansas City Chiefs, Minnesota Vikings, Chiefs, Vikings, Super Bowl, Lions, CBS, Jets, Broncos, NFL, Apple, Paramount, Hulu, Fox, NBC, ABC, ESPN, NFL Network, Super, Insiders, NFL Plus, Paramount Plus, Watch Chiefs Locations: New York, Colorado, United Kingdom

Visitors can now pinch and zoom their way around the ancient Greek site, with a digital overlay showing how it once looked. Other, less widely known features also appear: Many of the sculptures on the Acropolis were painted in striking colors. Tech giant like Meta and Apple are pushing into VR headsets that can cost thousands of dollars. “Accessibility is extending to the digital space,” Mendoni said at a preview launch event for the Chronos app in May. “Real visitors and virtual visitors anywhere around the world can share historical knowledge.”Developed by Greek telecoms provider Cosmote, the free app's designers say they hope to build on existing features that include an artificial intelligence-powered virtual guide, Clio.

Persons: Athena, ”, “, Maria Engberg, Lina Mendoni, ” Mendoni, Panayiotis Gabrielides, Petros Giannakouris Organizations: —, British Museum, Greece’s Culture Ministry, Bank of Greece, Revenue, Titans, Tech, Apple, VR, Malmo University, Culture Ministry, Microsoft, Olympic, Cosmote, Acropolis Museum Locations: ATHENS, Greece, London, Tourism, Rhodes, Sweden, Athens, China, Olympia

☆ Record online discounts are coming this holiday season
▼ + stars: | 2023-10-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

And the company predicts the strategy will work, with online holiday sales climbing almost 5% above last year. Retailers are poised to offer up to 35% off listed prices this holiday season, with the deepest discounts applied to toys, electronics and apparel, Adobe said in its annual holiday forecast. Buy Now, Pay Later is expected to drive a record $17 billion in online spending this holiday season, up 17% from 2022, Adobe said. Americans are also doing more and more holiday shopping (and shopping in general) on smartphones and tablets. That means Adobe’s 2023 holiday shopping forecast for solid sales growth would signal a genuine increase in demand from consumers.

Persons: they’re Organizations: New York CNN Business —, Adobe Analytics, Retailers, Adobe, PlayStation, Madden NFL, Amazon, PayPal, Commerce Department

A redacted transcript unsealed late on Wednesday showed DuckDuckGo had struck a deal with Apple in 2014 to be shown as an option on Apple devices. Soon after, DuckDuckGo began pressing Apple to be made the default choice for users who wanted to work in privacy mode, which limited data collected on the user. DuckDuckGo has about 2.5% of the search market, he testified. In those meetings, Weinberg said, Apple executives would bring up the concern that its distribution agreements with Google may bar the change. The Justice Department has said that Google, which has some 90% of the search market, pays some $10 billion annually to Apple, other smartphone makers and others to be the default search.

Persons: Eric Gaillard, DuckDuckGo, Gabriel Weinberg, Weinberg, Apple, Apple's John Giannandrea, Bing, Giannandrea, Diane Bartz, Richard Chang, Marguerita Choy Organizations: REUTERS, Rights, Apple, Google, Thomson

Oct 3 (Reuters) - Meta Platforms (META.O) is looking to introduce ad-free subscription plans for Instagram and Facebook users in Europe, two people familiar with the matter said on Tuesday. The proposal is an attempt by Meta to comply with European Union regulations that threaten to curb its ability to personalize ads for users without their consent and hurt its major revenue source. Offering a choice between a free, ad-supported plan and a paid subscription might lead to users opting for the former, helping Meta comply with regulations without affecting its ad business. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsIn comparison, Netflix (NFLX.O) charges 7.99 euros for a basic subscription plan, while Alphabet's (GOOGL.O) YouTube Premium costs about 12 euros and Spotify's (SPOT.N) Premium service is priced at about 11 euros. Meta was fined 390 million euros earlier this year by Ireland's Data Privacy Commissioner, and told it cannot use the so-called "contract" as a legal basis to send users ads based on their online activity.

Persons: Apple's, Dado Ruvic, Meta, Supantha Mukherjee, Akash Sriram, Jyoti Narayan, Sonia Cheema, Arun Koyyur Organizations: Instagram, Meta, Union, Reuters, REUTERS, Netflix, YouTube, Ireland's, EU, Protection, European, Thomson Locations: Europe, Stockholm, Bengaluru

☆ BlackBerry to separate IoT and cybersecurity businesses, plans IPO
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 4 (Reuters) - Canadian technology company BlackBerry (BB.TO), said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units and target a subsidiary initial public offering for the IoT business next fiscal year. BlackBerry joins a number of companies that have split their units in recent years, favoring a leaner corporate structure to help investors better evaluate their separate businesses. BlackBerry said in May it would consider strategic options for its portfolio of businesses that could include the possible separation of one or more of its businesses. Last year, it pulled the plug on its smartphones business and has since been trying to sell its legacy patents related to its mobile devices. IoT revenue was $49 million, while cybersecurity revenue came in at $79 million.

Persons: Mike Blake, Johnson, John Chen, BlackBerry, Savyata Mishra, Samrhitha, Shilpi Majumdar, Shinjini Organizations: REUTERS, BlackBerry, Kellogg, Healthcare, Johnson, General Electric, Reuters, Veritas Capital, Thomson Locations: Irvine , California, U.S, Canadian, Waterloo , Ontario, Bengaluru

☆ Google to combine generative AI chatbot with virtual assistant
▼ + stars: | 2023-10-04 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 4 (Reuters) - Google on Wednesday announced plans to add generative artificial intelligence (AI) capabilities to its virtual assistant, and a company executive told Reuters the AI would allow the assistant to do things like help people plan a trip or catch up on emails and then ask follow-up questions. The Alphabet (GOOGL.O) subsidiary said during its hardware event in New York that it plans to add generative AI features from its Bard chatbot into Google's version of a virtual assistant, that aims to provide personalized help with reasoning and generative capabilities on mobile devices. "(A) whole task is done through a couple of simple questions that you're asking your assistant, which is, we think, a very, very powerful concept," Sissie Hsiao vice president, Google assistant and Bard said in an interview with Reuters. Google and other tech companies have been racing to build some form of generative AI into new or existing products. It will not include revenue generating features, Hsiao said, because Google is still in the "learning phase" with generative AI.

Persons: Dado Ruvic, Bard, Sissie Hsiao, Hsiao, Max A, David Gregorio Our Organizations: REUTERS, Google, Wednesday, Reuters, Microsoft, Thomson Locations: New York, San Francisco

☆ Google supercharges its Assistant voice app with AI, hinting at how the company sees the future of chatbots
▼ + stars: | 2023-10-04 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Google is supercharging its Assistant app with Bard's capabilities. The new "Assistant with Bard" is designed to merge the voice assistant with the chatbot. The company announced Wednesday that it was planning to bring its Bard AI chatbot into the Assistant app and experience, starting on mobile devices. The result, a new experience Google has named "Assistant with Bard," sees Google making its existing voice assistant more personalized by effectively placing Bard inside it. If users opt in, Assistant with Bard is expected to become the new experience when interacting with Assistant on Android or when using the Google app on iPhone.

Persons: Bard, Sissie Hsiao, —, chatbot, Hsiao, Alexa, Apple's Siri, Satya Nadella, It's Organizations: Google, Service, Android, Apple, LLMs

☆ Veterans from Tesla, Northvolt hatch plan to mass-produce huge batteries to store solar and wind energy
▼ + stars: | 2023-10-04 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

The mountains of Colorado in the background inspired the name of the company, Peak Energy. We're completely the opposite," Cameron Dales, president and chief commercial officer of Peak Energy, told CNBC in a video interview Friday. 1 issue we face as it relates to expanding renewable energy sources is storage," Reichow told CNBC. "We're running a playbook which I and the rest of the executive team initially demonstrated and deployed at Northvolt," Mossburg told CNBC. "Landon and I worked together at Tesla and I know what he's capable of delivering," Reichow told CNBC.

Persons: Cameron Dales, Landon Mossburg, We're, Greg Reichow, Reichow, Ryan Gibson, Aidan Madigan, Curtis, Cameron, Mossburg, Northvolt, Peter Carlsson, Rho Kana, Enovix, Anil Achyuta, Landon, Tesla, Cam, It's, Alun Thomas, Dales Organizations: Peak Energy, Energy Battery, Energy, CNBC, Eclipse, Tesla, TDK Ventures, United States Energy Information Administration, Eclipse Venture, Cameron Dales, US, Dales, Symyx Technologies, Northvolt, Ford, Manufacturing Engineering, Panasonic Locations: Colorado, Silicon, Tokyo, San Francisco, Northvolt, Sweden, Cameron Dales, Fremont , Calif, Fremont , California, Penang, Malaysia, China, United States, U.S, Nevada, Enovix

☆ Premarket stocks trading: ESG has lost its meaning. One advocate says let's throw it in the trash
▼ + stars: | 2023-10-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Dedicated ESG funds have also lost popularity with investors. Total assets under management in ESG funds fell by about $163.2 billion globally during the first quarter of 2023 from the year before, according to data provider Lipper. According to the latest Fed projections, officials forecast just one more interest rate hike this year — and rate cuts next year. When members of his board ask him whether interest rates could really go that high, his answer is always “yes,” he told Bloomberg. There are a lot of “potential bad outcomes,” Dimon said, but the worst-case economic scenario would be stagflation, with low growth and high interest rates.

Persons: “ ESG, ESG, What’s, Lipper, Lynn Forester de Rothschild, ESG “, ”, Rothschild, King Charles II, Bill Clinton, Archbishop of Canterbury Justin Welby, ’, Stephen Hall, Philip Morris, “, Robert Jenkins, Jenkins, Jamie Dimon, Dimon, It’s, ” Dimon, “ you’re, Satya Nadella, Brian Fung, Nadella, ” Nadella, else’s Organizations: CNN Business, Bell, New York CNN, Fox News, Republican, Biden, Council, Inclusive Capitalism, “ Investment, Better, CNN, Jamie Dimon JPMorgan, Federal, Bloomberg, Times, Microsoft, Google Locations: New York, Times of India, United States

☆ Meta wants to charge European users $14 to access ad-free Instagram, Facebook: Report
▼ + stars: | 2023-10-03 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

The proposal, which would cost users around $14 a month on mobile devices and as much as $17 on a desktop, is Meta's attempt to navigate strict privacy rules in the European Union. Meta has spoken with digital-competition regulators in Brussels, privacy regulators in Ireland and other EU privacy regulators about its proposal, according to the report. It is not clear whether regulators believe Meta's proposal is a sufficient workaround, according to the report, and they may ask the company to propose a cheaper offering. Since the privacy rules do not apply to the U.S., it is unlikely that Meta would introduce SNA there. But in February, Meta CEO Mark Zuckerberg announced a paid verification subscription service called Meta Verified.

Persons: Meta, Mark Zuckerberg, Zuckerberg Organizations: Wall Street, European Union, Meta, CNBC Locations: Brussels, Ireland, U.S

Search resuls for: "Mobile Dev"

25 mentions found