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 city of about 150,000 just in northern Los Angeles County is preparing for the spread of the novel coronavirus by teaming up with the local aerospace companies to create ventilator substitutes and preparing an ordinance that would require wearing masks, according to Mayor R. Rex Parris.
The world’s biggest telecom equipment provider is now seeing more growth from its consumer handset business.
The president took to Twitter last Friday and unleashed a furious series of attacks at GM and its chairman and CEO, Mary Barra, leaving company executives, officials inside the White House, and employees at a nonprofit who had helped broker the partnership between GM and Ventec flabbergasted.
California Rep. Ami Bera wants to see more federal control over things like purchasing and stockpiling medical supplies to meet the needs of the coronavirus pandemic.
Stocks are pushing higher on Wall Street, led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak.
Dr. Christopher Wiles, a resident physician at the University of Connecticut, is turning his hobby into a potential way to offset a shortage of personal protective equipment in hospitals dealing with COVID-19.
Trump said that the order will “require General Motors to accept, perform, and prioritize Federal contracts for ventilators." In a statement, he said the contracting process with the automaker was not moving quickly enough.
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.
Mark Zuckerberg and his wife Priscilla Chan have donated $25 million through their foundation to a philanthropic effort organized by Bill Gates to explore new coronavirus treatments.
Healthcare workers have launched their own campaigns for gathering personal protective equipment as they fight the coronavirus on the frontlines, with #GetUsPPE trending across social media.
