EU AI LAW
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.
Apple’s lucrative app store was alternately portrayed as a price-gouging monopoly and a hub of world-changing innovation during the preamble to a trial that may reshape the technological landscape.
AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal.
Cheddar’s Michelle Castillo stopped by a Convene location in New York, which provides flexible offices, events and meeting spaces, to see what the future of work may hold.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Catherine Carlson, a senior vice president with the Eagles, discussed the NFL team's partnership with LifeBrand, a brand protection firm specializing in social media health checks.
Hark Audio founder and CEO Don Mackinnon spoke to Cheddar about changing the user experience with podcasts through the company's curated Harklists.
Gemini, a popular cryptocurrency exchange, released a report this month looking at the crypto habits of 3,000 U.S. adults.
An overnight stampede in Israel kills dozens, a look at the COVID disaster in Latin America, the economic repositioning in America, a new shortage to report and did people really answer the phone without Caller ID?
European Union regulators are accusing Apple of violating the bloc’s antitrust rules, alleging that the company distorts competition for music streaming through rules for its App Store.
Fintech unicorn Brex, which provides technology solutions for handling corporate finances, has announced a $425 million Series D investment round led by Tiger Global.
