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So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.

Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, “, we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, —, kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, “, Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The

☆ Race to finish Indo-Pacific trade deals hit snags ahead of APEC summit
▼ + stars: | 2023-11-09 | by ( David Lawder | ) www.reuters.com time to read: +5 min

A sign advertising the upcoming APEC (Asia-Pacific Economic Cooperation) Summit in see as the city prepares to host leaders from the Asia-Pacific region in San Francisco, California November 8, 2023. Instead it promised cooperation on supply chains and clean energy along with higher standards for labor, environment and regulatory practices and digital trade. Negotiations on digital trade standards -- once seen as a marquee feature of the IPEF trade pillar -- are largely frozen as the Biden administration has suspended discussions on key rules after reversing longstanding U.S. positions on e-commerce. By adopting these fringe views on digital trade, USTR really brings the main substance on digital trade to a halt," said John Murphy, senior vice president for international policy for the U.S. Chamber of Commerce. One of the sources familiar with the talks said that early enthusiasm on the IPEF trade pillar -- which excludes India -- has given way to frustration over the difficulty and complexity of issues involved.

Persons: Carlos Barria, Biden, Joe Biden, IPEF, Wendy Cutler, Cutler, Trump, USTR, John Murphy, David Lawder, Sharon Singleton Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Pacific, Prosperity, Asia Pacific Economic Cooperation, Asia Society Policy Center, Commerce Department, U.S . Trade, Big Tech, U.S . Chamber of Commerce, Thomson Locations: Asia, Pacific, San Francisco , California, San Francisco, U.S, China, Washington, IPEF, Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, United States, TPP

That shift in legal doctrine was profound, shaping how courts have applied antitrust law ever since. Khan’s ideas have challenged the closest thing to a sacred cow in antitrust law. The most ambitious of those never became law, but Khan’s role in the probe, which Cicilline described as “critical,” helped further raise her profile. Amazon and Meta have both pushed for Khan to recuse herself from matters involving the companies, questioning her objectivity. The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

Persons: Lina Khan, Khan, Stephanie Keith, ” Khan, “, Joe Biden, ”, William Kovacic, George W, Bush, Barry Lynn, Lynn, New America Foundation —, Obama, —, ” Lina Khan, Rong Xu, ” Lynn, it’s, ’ ”, Reagan, Robert Hockett, Khan’s, David Cicilline, Lina, ” Cicilline, Cicilline, Justin Tallis, Biden, Trump, Douglas Farrar, Gary Gensler, Tom Williams, Jonathan Kanter, Roe, Wade, Kevin Kiley, Meta, she’s, “ We’ve, they’re, Federal Trade Commission Lina Khan, Al Drago, Kathleen Bradish, Bradish, Christine Wilson, Wilson, Noah Phillips, Gabby Jones, NetChoice, Carl Szabo, “ It’s, ” Szabo, There’s, ” Kovacic Organizations: CNN, Federal Trade Commission, Amazon, FTC, Big, Microsoft, Meta, Bloomberg, Getty, Republican, White House, Williams College, New America Foundation, Washington Monthly, Yale Law, Washington Post, Cornell Law School, Big Tech, Rhode, Rhode Island Democratic, Apple, Facebook, Cambridge, Activision, SEC, Financial Services, General Government, Securities and Exchange Commission, Capitol, Justice Department, Epic Games, California Republican, Washington , D.C, American Antitrust Institute, GOP, US Federal Trade Commission, Amazon.com Inc Locations: Big Tech, Robbinsville , New Jersey, Washington, Larchmont , New York, Rhode Island, Washington ,, New York

DuckDuckGo, Microsoft (MSFT.O) and Yahoo are among a long list of Google competitors who will be watching the trial closely. “It would be difficult to overstate the importance of this case, particularly for monopolies and companies with significant market share,” antitrust lawyer Luke Hasskamp told Reuters. The lawsuit that goes to trial was brought by former President Donald Trump's Justice Department. read moreJudge Mehta will decide if Google has broken antitrust law in this first trial, and, if so, what should be done. Reporting by Diane Bartz; additional reporting by Mike Scarcella; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, DuckDuckGo, Kamyl Bazbaz, Luke Hasskamp, ”, Amit Mehta, Barack Obama, Donald Trump's, Joe Biden's, Mehta, Daniel McCuaig, Cohen Milstein, Diane Bartz, Mike Scarcella, Diane Craft Organizations: Google, REUTERS, U.S . Justice, Apple Inc, Mozilla, Microsoft, Yahoo, Big Tech, Facebook, Reuters, Apple, Twitter, Big, U.S, District of Columbia, Department, Android, U.S . Justice Department's Antitrust, Thomson Locations: London, Britain, WASHINGTON, United States, “

☆ Opinion | A Bipartisan Plan to Limit Big Tech
▼ + stars: | 2023-08-09 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “We Have a Way for Congress to Rein In Big Tech,” by Lindsey Graham and Elizabeth Warren (Opinion guest essay, July 27):The most heartening thing about the proposal for a Digital Consumer Protection Commission is its authorship. After years of zero-sum legislative gridlock, to see Senators Warren and Graham collaborating is a ray of hope that governing may someday return to the time when opposing parties were not enemies, when each party brought valid perspectives to the table and House-Senate conference committees forged legislation encompassing the best of both perspectives. David SadkinBradenton, Fla.To the Editor:Senators Lindsey Graham and Elizabeth Warren propose a new federal mega-regulator for the digital economy that threatens to undermine America’s global technology standing. A new “licensing and policing” authority would stall the continued growth of advanced technologies like artificial intelligence in America, leaving China and others to claw back crucial geopolitical strategic ground.

Persons: Lindsey Graham, Elizabeth Warren, Warren, Graham, David Sadkin Organizations: Rein In Big Tech, Consumer Protection Commission Locations: Fla, America, China

☆ Lindsey Graham and Elizabeth Warren: We Must Regulate Big Tech - The New York Times
▼ + stars: | 2023-07-27 | by ( Lindsey Graham | Elizabeth Warren | ) www.nytimes.com time to read: +3 min

Big Tech companies also prey on ordinary users. It’s time to rein in Big Tech. In 1975 the Nuclear Regulatory Commission took on nuclear power, and in 1977 the Federal Energy Regulatory Commission took on electric generation and transmission. We need a nimble, adaptable, new agency with expertise, resources and authority to do the same for Big Tech. Our legislation would guarantee common-sense safeguards for everyone who uses tech platforms.

Organizations: Big Tech, Big, Interstate Commerce, Federal Trade Commission, Federal Communications Commission, Regulatory, Energy Regulatory, Consumer Protection, Google Locations: China, Big Tech

☆ Elizabeth Warren and Lindsey Graham want a new agency to regulate tech
▼ + stars: | 2023-07-27 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —Two US senators are calling for the creation of a new federal agency to regulate tech companies such as Amazon, Google and Meta, in the latest push by members of Congress to clamp down on Big Tech. The bill targets tech platforms including Amazon, Apple, Google, Meta, Microsoft, TikTok and Twitter, which now officially known as X, a Senate aide told CNN, though the companies aren’t directly named in the legislation. “For too long, giant tech companies have exploited consumers’ data, invaded Americans’ privacy, threatened our national security, and stomped out competition in our economy,” Warren said in a statement. Thursday’s proposal differs from Bennet’s bill, the aide said, in that it is in some ways more specific in its restrictions on the tech industry. It’s time to rein in Big Tech,” Graham and Warren wrote in an op-ed in the New York Times Thursday.

Persons: Sen, Elizabeth Warren, Lindsey Graham, ” Warren, Warren, Michael Bennet, ” Graham Organizations: Washington CNN, Google, Big Tech, Massachusetts Democrat, South Carolina Republican, Apple, Meta, Microsoft, Twitter, CNN, Digital Consumer Protection, Colorado Democrat, Big, New York Times, Federal Communications Commission, Nuclear Regulatory Commission, Federal Trade Commission, Department of Justice, FTC, DOJ Locations: Massachusetts, Big Tech, Colorado, United States

In a San Francisco courtroom, federal regulators are fighting to block one of the biggest deals in the history of Silicon Valley. David McCabe, who covers technology policy for The New York Times, talks about Lina Khan, the F.T.C. chair who is the architect of the lawsuit, and the growing campaign to finally rein in big tech.

Persons: David McCabe, Lina Khan Organizations: The New York Times Locations: San Francisco, Silicon Valley

☆ Lawmaker who opposed tech antitrust bills to become top Democrat on House subcommittee
▼ + stars: | 2023-06-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Rep. Lou Correa, D-Calif., who opposed a package of bills seeking to reform antitrust law to rein in Big Tech companies, will become the top Democrat on the House Judiciary subcommittee on antitrust, Judiciary Committee Ranking Member Jerry Nadler, D-N.Y., announced Wednesday. CNBC first reported that Correa was the top contender for the role, despite his voting record on antitrust deviating from that of his predecessor. It resulted in a package of bills to limit their power that passed through the subcommittee under Cicilline's stewardship. But Correa and other California lawmakers on the subcommittee voted against the bills. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, Jerry Nadler, Correa, David Cicilline, Ken Buck, Thomas Massie, Buck, Cicilline Organizations: Big Tech, CNBC, Former, Democratic, Republican, Apple, Google, Facebook, Congressional Hispanic Caucus, Punchbowl News, Committee, YouTube Locations: California

☆ UK regulator holding up Microsoft's Activision deal set to get new powers to rein in Big Tech
▼ + stars: | 2023-04-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The U.K. government on Tuesday published a draft bill that would give a newly created division within the independent competition regulator powers to levy huge fines against Big Tech firms for competition abuses, and investigate and block acquisitions with greater speed. The draft Digital Markets, Competition and Consumers bill will take aim at tech companies with annual revenues of at least £25 billion ($31.2 billion) globally, or £1 billion in the U.K., according to a statement. That's sure to include Amazon , Apple , Google , Microsoft and Meta , which generated $514 billion, $394.33 billion, $282.8 billion, $198 billion and $116.6 billion in revenue respectively in 2022. The CMA has been at the center of some major Big Tech crackdowns lately. The watchdog has held up Microsoft's $69 billion acquisition of video game publisher Activision Blizzard with an in-depth competition investigation.

☆ Bipartisan US lawmakers introduce bill aimed at Google, Facebook ad clout
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

The bill targets Alphabet's (GOOGL.O) Google and Meta's (META.O) Facebook, as well as Amazon.com (AMZN.O) and Apple (AAPL.O), according to Senator Mike Lee's office. The bill would prohibit big digital advertising companies, with Google the biggest, from owning more than one part of the stack of services that connect advertisers with companies with space for advertisements. The bill would only impact companies that do more than $20 billion in digital ad transactions. Affected companies would have to do more than $20 billion in digital ad transactions. In the last legislative session, Congress passed bills to give enforcers bigger budgets and strengthen state attorneys general but legislation aimed at reining in big tech died.

Former President Donald Trump’s Facebook and Instagram accounts are being reinstated, the social media giant Meta announced Wednesday — a little more than two years after he was suspended from the platforms over incendiary posts about the Jan. 6 riot at the Capitol. Meta owns Facebook and Instagram. House Speaker Kevin McCarthy, R-Calif., then the minority leader, vowed to “rein in big tech power over our speech” after Facebook announced the length of Trump’s suspension in 2021. Trump’s presidential campaign officially petitioned Facebook to allow Trump back on to the platform this month. “If Facebook wants to have this fight, fine, but the House is leverage, and keeping Trump off Facebook just looks political,” the adviser said.

☆ India editors warn 'fake news' proposal akin to censorship
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Jan 19 (Reuters) - A major Indian journalist group urged the government to reject a proposal to police fake news on social media, saying such a change to the country's information-technology rules would be akin to censorship. The proposal would bar social media platforms from hosting any information that the authorities identify as false, the latest in a slew of measures by Prime Minister Narendra Modi's government that are being seen as efforts to rein in big tech firms. Information deemed "fake or false" by the Press Information Bureau or by any other agency authorised for fact-checking by the government would be prohibited under the draft amendment issued on Tuesday. The Editors Guild of India, in a statement on Wednesday evening, urged the government to scrap the proposal and begin "meaningful consultations" with stakeholders on the regulatory framework for digital media. Reporting by Sakshi Dayal; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ India considers banning news identified as 'fake' by govt on social media
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Jan 18 (Reuters) - India's government will not permit social media platforms to host any information that it identifies as false, according to a draft proposal of the country's IT rules released this week. Any information identified as "fake or false" by the Press Information Bureau (PIB), or by any other agency authorised for fact-checking by the government or "by its department in which such business is transacted", would be prohibited under the draft. Once information was identified as such, social media platforms or other "online intermediaries" would have to "make reasonable efforts" to ensure users do not "host, display, upload, modify, publish, transmit, store, update or share" such information, it added. In October, the government announced a panel would be set up to hear complaints from users regarding content moderation decisions of social media firms, which are already required to appoint in-house grievance redressal officers and executives to co-ordinate with law enforcement officials. Reporting by Sakshi Dayal; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Biden's plea to lawmakers in rare op-ed: Unite to hold tech accountable
▼ + stars: | 2023-01-11 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

"We need bipartisan action from Congress to hold Big Tech accountable," Biden wrote. Biden's call for bipartisanship on tech issues is notable since the split Congress will complicate the landscape for passing legislation in any domain. The decision to focus the op-ed on tech suggests it may be a rare area of hope for progress while working across the aisle. Biden focused on three key areas of tech legislation he hopes to see this Congress. Finally, Biden called for "fairer rules of the road" when it comes to competition in the tech sector.

☆ Biden urges Congress to pass bipartisan tech legislation in WSJ op-ed
▼ + stars: | 2023-01-11 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden called on members of Congress Wednesday to set aside partisan differences and pass groundbreaking legislation to rein in Big Tech, focusing on digital privacy, antitrust and the industry’s liability shield, Section 230 of the Communications Decency Act. In a Wall Street Journal op-ed, Biden said that despite making some progress on increasing tech industry oversight, the US government has run up against the limits of its statutory authority. “We need bipartisan action from Congress to hold Big Tech accountable,” Biden wrote. Democrats have said tech companies should face more liability for failing to remove enough problematic content; Republicans argue tech platforms should face more liability for removing too much. Some policy experts have said that efforts to craft bipartisan privacy legislation have the strongest odds of passage in the new Congress, but it remains a long way from becoming law.

☆ The Microsoft-Activision deal gives Lina Khan a $69 billion problem in 2023. Defeating it will set the tone on Big Tech deals for years to come.
▼ + stars: | 2023-01-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

The FTC has a $69 billion headache to deal with in 2023 in the form of Microsoft's Activision buyout. Chair Lina Khan wants to rein in Big Tech but will be tested by one a Silicon Valley veteran. The outcome of the deal will have ramifications beyond Microsoft: the rest of Silicon Valley lies in wait before making their next big moves, as any decision will set the tone for Big Tech deals in years to come. That said, Microsoft's acquisition of Activision will prove even tougher to tackle than anything Amazon has thrown up for the FTC chief to date. Failure will likely embolden Big Tech to test the waters further.

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☆ India panel recommends digital competition act to rein in Big Tech
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Dec 22 (Reuters) - An Indian parliamentary panel on Thursday recommended the government enact a digital competition act to regulate anti-competitive business practices by Big Tech companies on its platforms. Alphabet Inc's (GOOGL.O) Google and Apple (AAPL.O) have in the past faced scrutiny from the country's competition watchdog, the Competition Commission of India (CCI), over alleged abuse of the application market. Companies including Facebook (META.O), Twitter and Google (GOOGL.O) have for years been concerned with many regulations India has proposed for the technology sector, with companies complaining about excessive compliance burdens. Amazon, Google, Meta, Twitter and Apple did not immediately respond to request for comment. A specialised digital markets unit should be established within the competition watchdog, the panel said, adding that competitive behaviour of big tech companies needs to be monitored in advance and not after markets become monopolised.

☆ EU accepts Amazon commitments in antitrust agreement affecting data and sellers
▼ + stars: | 2022-12-20 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

The agreement includes several multi-year concessions offered by Amazon, including a commitment not to use third-party sellers’ data to benefit Amazon’s own marketplace listings, a practice that policymakers around the world have claimed is anticompetitive. As part of the deal, Amazon said it will treat all sellers on its platform equally when determining which seller to give top placement on Amazon product listings, and also agreed to several commitments linked to sellers’ terms under Amazon Prime. Those commitments will last for seven years, while the restrictions on Amazon’s use of seller data will last for five years. “Today’s decision sets new rules for how Amazon operates its business in Europe,” said EU Executive Vice-President Margrethe Vestager in a release. They cover the use of data, the selection of sellers in the Buy Box and the conditions of access to the Amazon Prime Program.

☆ White House still committed to tech antitrust bill
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Nov 17 (Reuters) - White House competition adviser Tim Wu said Thursday the Biden administration is still backing tech antitrust legislation that is before Congress as time runs short before lawmakers end work for the year. Wu said officials had a meeting Thursday with tech reform advocates. "The White House is committed to moving tech antitrust legislation," he wrote on Twitter. The U.S. House of Representatives in September approved a bill that would strengthen state attorneys general in antitrust fights, one of several measures under consideration that would strengthen antitrust enforcers to rein in Big Tech. Reporting by David Shepardson and Diane Bartz; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: For Twitter boss Elon Musk, now comes the hard part
▼ + stars: | 2022-10-28 | by ( Sheila Dang | ) www.reuters.com time to read: +6 min

The long term potential for Twitter in my view is an order of magnitude greater than its current value." "Buying Twitter is an accelerant to creating X, the everything app," Musk tweeted earlier this month. Twitter permanently suspended Trump for risk of further incitement of violence after the Jan. 6, 2021, attack on the U.S. Capitol. Tesla's expanding business in China, where it generated $14 billion last year, could also put Twitter at risk, Goldman, the former Twitter board member, said. Twitter is staffed with experts who review data requests from governments, but Musk has shown his contempt of these experts, he said.

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