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.
A hefty tax benefit helped drive GameStop’s fiscal fourth-quarter profit sharply higher, but the video-game retailer’s sales declined despite a surge in its online business. The latest results fell short of Wall Street’s expectations.
Gregor Robertson, former mayor of Vancouver and executive vice president of strategy at Nexii Building Solutions spoke to Cheddar about raising a Starbucks location with a smaller carbon footprint while staying affordable and efficient.
Prince Harry has joined the corporate world as employee coaching and mental health firm BetterUp Inc.’s Chief Impact Officer.
While the secondary market for NFTs isn't likely to garner the same headlines as multi-million dollar deals, experts agree the future of the crypto art market depends on more than one-off, high-profile purchases.
Twitter CEO Jack Dorsey sold his first tweet for more than $2.9 million. The tweet from 2006, which says “just setting up my twttr,” was bought by Bridge Oracle CEO Sina Estavi.
David Kaval, president of the Oakland Athletics, talked to Cheddar about accepting bitcoin as payment for suites during baseball games at RingCentral Coliseum.
The Volkswagen ID.4 electric SUV is currently manufactured in Germany and China but will begin U.S. production in 2022.
Learn to master the principles of project management with these 10 courses.
Werner Vogels, Amazon’s chief technical officer, spoke to Cheddar about the 15 years of impact AWS has had on cloud computing and the world.
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.
