FTC to sue Amazon for antitrust violations
The Federal Trade Commission (FTC) is preparing to file an antitrust lawsuit against Amazon, alleging that the company has abused its market power to stifle competition. The suit, which is expected to be filed as soon as August, alleged that Amazon uses its dominance in the market to reward merchants who use its logistics and […]
U.S. senate to hold hearings on AI safety
Senators in the United States, concerned about the potential hazards of artificial intelligence, will convene hearings later this year to consider appropriate legislative protections. Senate Majority Leader Chuck Schumer will conduct the hearings, which will be the first of their type. According to Schumer, there is “real bipartisan interest in AI” and that the hearings […]
Senators propose bill to create new tech regulator
Two U.S. senators, Elizabeth Warren and Lindsey Graham, have proposed a new bill that would create a new government regulator to oversee the tech industry. The bill, called the Digital Consumer Protection Commission Act, would give the commission the power to investigate and take action against tech companies that engage in anti-competitive behavior. The bill […]
Amazon Web Services expands generative AI offerings
Amazon Web Services (AWS) has announced new additions to its generative AI offerings, including three new foundation models and a low-code automation tool. The new models, which come from Cohere, Anthropic, and Stability AI, give customers more flexibility and choice when building generative AI applications. The new low-code automation tool, called “agents,” allows customers to […]
Google Cloud reports second-straight quarter of profits
Google Cloud reported its second-straight quarter of profits, with operating income of $395 million in the three months ending June 30. This is a significant improvement from the $590 million loss the cloud segment suffered in the same quarter a year ago. The increase in profits was driven by strong growth in enterprise AI enthusiasm. […]
U.S. AI leadership at risk
According to some analysts, America, which is presently leading the global race to create artificial intelligence (AI), is on the verge of falling behind if it does not implement AI more swiftly. China, which is already using AI in sectors like healthcare and manufacturing, and is now integrating AI into its economy is reportedly set […]
Cyber Security Today, July 28, 2023 – At least 8 million Americans hit in the latest MOVEit hack, and more
This podcast reports on the need to patch MikroTik routers and Ivanti’s Endpoint Manager Mobile
