Antitrust regulators are reportedly not convinced by artificial intelligence (AI) firms’ suggested hands-off policy. Speaking at an antitrust conference in Washington last week, Federal Trade Commission (FTC) Chair Lina Khan said technology companies have attempted to “dazzle” policymakers with the promise of AI, but to no avail, Bloomberg News reported Friday (April 12). “There’s no …
Ree Drummond is warning her fans in a social media post about a fake video of Ree doing a cookware giveaway. The Federal Trade Commission says these videos are known as deep fakes, its artificial intelligence using someone’s face and voice. It can oftentimes be used to sell something or endorse something. The video shows …
Rite Aid is banned for five years from using artificial intelligence (AI) facial recognition to try to curb shoplifting, the Federal Trade Commission (FTC) said Tuesday. In a press release, the agency said that the drugstore company is being banned from using the technology “for surveillance purposes” for the length of five years to settle …
Consumer advocates on Thursday urged US regulators to investigate video game maker Electronic Arts Inc for the misleading use of a digital “loot box” that “aggressively” urges players to spend more money while playing a popular soccer game. The groups Fairplay, Center for Digital Democracy and 13 other organizations urged the Federal Trade Commission to probe …
Amazon gives Apple’s product pages the special treatment and keeps them relatively clear of unrelated ads, signifying an arrangement between the companies, according to Insider. When the Federal Trade Commission filed an antitrust lawsuit against the e-commerce retailer in September, it accused Amazon of “deliberately increasing junk ads that worsen search quality.” However, Insider found …
A federal jury has found Sam Bankman-Fried, the founder of FTX, guilty on all seven counts of fraud and conspiracy he was charged with in relation to the downfall of his cryptocurrency exchange. According to The New York Times, he faces a maximum sentence of 110 years in federal prison. Bankman-Fried was arrested in the …
E-commerce giant Amazon is adding a new fee for third-party sellers. This fee will be imposed on sellers who don’t pay for the company’s fulfilment services and ships their own products. Previously, the company didn’t charge sellers any such fee from sellers. Last week, Amazon sent a notice to the merchants (spotted by CNBC). This …
In a move that has sent shockwaves through the gaming industry, the Biden administration has stepped in to block Microsoft’s proposed acquisition of Activision Blizzard. Valued at a staggering $69 billion, this deal would have allowed Microsoft to expand its arsenal of popular games and compete with industry giants like Tencent and Sony. However, the …
Epic Games, the creator of Fortnite, has agreed to pay $520 million (approximately Rs. 4,305 crore) to settle allegations of illegally collecting children’s personal information and engaging in deceptive practices to encourage purchases, as announced by the Federal Trade Commission (FTC) and the company on Monday. The settlement includes a record penalty of $275 million …
Microsoft’s acquisition of Activision Blizzard has caused speculation about the availability of Call of Duty on Sony’s PlayStation. In January of last year, Microsoft announced its $68.7 billion purchase of Activision Blizzard, which included iconic franchises like Call of Duty, Warcraft, and Candy Crush. However, The Verge reports that Microsoft’s lawyers are now claiming ignorance …