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.
Despite COVID-19, sports betting has skyrocketed. In January, Americans spent approximately $4 billion on sports wagering according to the American Gaming Association.
Founder and CEO of the investment app Grifin, Aaron Froug, talked to Cheddar about the viral success of its app for a simplified way to buy stocks where users already shop.
Child Benefit, Meghan and Harry Bombshells & Eminem vs. Gen Z
Gary Vaynerchuk, the outspoken CEO of creative agency VaynerMedia, checked in with Cheddar before the weekend to share his views on the biggest stories this week.
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.
Semiconductors are essential in industries such as defense, automobiles, and telecom. Cheddar assembled a timeline of the chip shortage stretching back to the pre-Covid economy.
Paramount+ has debuted, supplanting CBS All Access. ViacomCBS CFO Naveen Chopra talked about the two-tiered subscription service, and Cheddar's Michelle Castillo broke down this latest rebranding amid the streaming wars.
Rezi uses AI to extract keywords from job descriptions, then writes an optimized résumé for you in flexible formats suitable for every experience level.
Thomas Edison’s most prolific invention is arguably not the lightbulb we all know him for, but the lab in Menlo Park New Jersey that he used to create it.
Mitch Jackson, chief sustainability officer for FedEx, spoke to Cheddar about the delivery giant's $2 billion plan to reach carbon neutrality by 2040.
