With concerns about misinformation spreading online, European Union officials want to more closely regulate artificial intelligence, and they're asking the world's biggest tech companies for help. In mid-May, the EU passed a law that would regulate how companies create and train their artificial intelligence tools, but those laws won't go into effect for years. In the meantime, officials are asking companies like Apple, Google, Meta, and Microsoft to immediately begin labeling all AI-generated content, and for services that already incorporate AI, like Google's Bard, to safeguard against "malicious actors" who could attempt to spread harmful or false information.
MICROSOFT OUTAGES
Thousands of users on Monday reported not being able to access their emails through Microsoft Outlook on both the web and Outlook app. Other Microsoft 365 services, such as Teams, SharePoint, and One Drive, were also affected. By mid-afternoon on the East Coast, Microsoft confirmed on its customer service Twitter account that the issue should be resolved. The company did not explain what was behind the outage.
Electric vehicle charging company Wallbox goes public via a SPAC on the NYSE under the ticker symbol WBX.
Wallbox has merged with special purpose acquisition corporation Kensington Capital Acquisition. Enric Asunción, CEO of Wallbox, joins Cheddar News' Closing Bell to discuss.
The parcel delivery industry is getting more competitive as more companies enter the space with climate change in mind. Carl-Magnus Norden, founder and executive chairman at Volta Trucks, joined Cheddar to talk about electrifying delivery vehicles as well as the startup’s $44 million funding round. Despite ongoing driver shortages, he noted that he didn't see autonomous delivery being available in city settings within the next five years.
Jeff Bezos' space travel company Blue Origin is under fire after a group of 20 current and former employees signed a letter to the FAA claiming safety violations that were detailed along with accusations of sexual harassment.
