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 top tech expert says there's "a bunch of really great work" happening as different sectors collaborate amid the coronavirus pandemic.
Digital banking startup SoFi has agreed to acquire payments startup Galileo Financial Technologies for $1.2 billion.
Tammy Erwin, Executive VP and Group CEO of Verizon Business, joined ChedHER to discuss how her team is responding to the ongoing COVID-19 outbreak.
Experts maintain that despite social distancing and quarantining measures during the coronavirus pandemic, people should still attempt to socialize "serendipitously" and commit to acts of kindness to mitigate the stress.
New York Stock Exchange President Stacey Cunningham said Thursday that the floor of the exchange will "absolutely reopen" as soon as it is "safe to do so."
The coronavirus outbreak has triggered a stunning collapse in the U.S. workforce, with 10 million people losing their jobs in the past two weeks. Meanwhile, the number of confirmed infections worldwide has hit 1 million, with more than 50,000 deaths, according to the tally kept by Johns Hopkins University.
The automaker revealed that it will be able to produce 50,000 ventilators in the next 100 days. The ventilators' design has been simplified by the private medical company Airon for easy set-up and quick usage in emergency settings.
In a letter to CEOs of DoorDash, Grubhub, Instacart, and Uber, Senator Elizabeth Warren (D-Mass.) called on the employers to provide gig workers with "basic rights and protections" as they perform "essential delivery work."
Steve Hafner, CEO of OpenTable and KAYAK, said that the company is focusing on helping out in these difficult times.
Robintrack, a service that keeps counts of how many Robinhood users own a particular stock, shows that its userbase has been loading up on stocks harshly affected by the outbreak.
