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.
The software giant said Monday that it is paying $7.5 billion for ZeniMax Media, the parent company of video game publisher Bethesda Softworks.
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.
Video game engine, Unity, makes its debut on the NYSE. Kimberly Jabal, CFO, joined Cheddar to discuss the decision behind taking the company public.
The U.S. Commerce Department says it is prohibiting Chinese-owned TikTok and WeChat from app stores as of Sunday, citing national security and data privacy concerns.
U.S. stocks are closing lower Thursday as Wall Street continues to swirl after the Federal Reserve said it will keep interest rates at nearly zero for years to help nurse the wheezing economy.
Sumo Logic's Ramin Sayar, president and CEO, joined Cheddar to discuss the decision to take the company public and its success as more businesses turn to the cloud.
As Ford gears up for production of its 2021 F-150, more jobs are being added to meet demand for the electric version of the truck. Kumar Galhotra, president of the Americas & international markets group, joined Cheddar to discuss.
Facebook announced it is teaming up with Ray-Ban maker EssilorLuxottica to launch its first pair of smart glasses in 2021.
Unqork, has become a virtual bridge between people and government services as COVID-19 forces agencies to reduce normal operations. Cas Holloway, Unqork's head of enterprise, joined Cheddar to discuss the convenience of the service provides, particularly when it comes to marriage licenses.
The latest news and headlines from Apple's latest product reveal including the latest on the Apple Watch, IPads, and more.
