Ireland’s data protection commission (DPC) fined Meta Platforms’ Irish arm €251 million (US$264 million) following two inquiries into a personal data breach that it said impacted 29 million users worldwide. The breach was reported by Meta Platforms Ireland Limited (MPIL) in September 2018. It impacted data including full names, email addresses, phone numbers, posts on … Read more
Amazon founder and Washington Post owner Jeff Bezos attends the COP26 United Nations Climate Change Conference in Glasgow, Scotland, on Nov. 2, 2021. PAUL ELLIS/POOL/AFP via Getty Images Not to be outdone by big-tech rival Meta, Amazon plans to donate $1 million to President-elect Donald Trump’s Inaugural Fund, according to a report by the Wall … Read more
The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as US president, … Read more
“Romania is a warning bell: Radicalisation and disinformation can happen all over Europe with harmful consequences,” added Hayer, an ally of French President Emmanuel Macron. Hayer’s appeal comes only two days after Georgescu’s shock victory. He had no party backing and polls had failed to pick up on his popularity — though researchers are now … Read more
Chinese internet giant Tencent Holdings added more than 3,000 jobs in the third quarter, in a sign that the country’s most valuable technology company is on a new growth trajectory after the industry was beset by downsizing in recent years. The Shenzhen-based company had 108,823 employees by the end of September, up 3 per cent … Read more
Baidu CEO Robin Li Yanhong touted strong user growth for its Ernie large language model (LLM) at the company’s annual conference where it debuted a pair of artificial intelligence (AI)-powered smart glasses, as China’s largest internet search firm jostles for attention in a sea of competitors. Li said at the event on Tuesday that its … Read more
— Q: Only 8 percent of European companies currently use AI, according to a report published in July. How do you want to reach the target of 75 percent by 2030? — Q: President von der Leyen instructed you to develop a “Cloud and AI development plan” to boost computing power and data storage to … Read more
When Alibaba Group Holding held its eleventh Singles’ Day shopping festival in 2019, it culminated in Shanghai that November with a performance by American pop sensation Taylor Swift to help get consumers in a cheerful mood. Five years later, China’s largest e-commerce company decided a party for the world’s largest online shopping festival was no … Read more
A co-founder of China’s food delivery giant Meituan has returned to the company to lead its efforts in artificial intelligence (AI), as Big Tech firms rush to adopt the fast-developing technology in their operations, according to local media. Wang Huiwen, who stepped down last year as non-executive director and member of the nomination committee, will … Read more
Microsoft on Wednesday reported its quarterly sales grew 16 per cent to US$65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off. The company has spent billions of dollars to expand its global network of data centres and other physical infrastructure required to develop AI technology that … Read more
