A group of lawmakers, led by Massachusetts Democratic Senator Elizabeth Warren, is urging the Biden administration to launch an investigation into tax preparation software companies accused of illegally sharing customer data with tech giants Google and Meta. The lawmakers have written a letter to Attorney General Merrick Garland, Federal Trade Commission Chair Lina Khan, IRS
Enterprise
Alibaba’s shares listed on the Hong Kong stock exchange saw a 3% rise on Monday, raising hopes that the prolonged scrutiny of its financial subsidiary, Ant Group, is nearing its end. Chinese regulators recently imposed a fine of 7.12 billion yuan ($985 million) on Ant Group, potentially signaling the conclusion of Beijing’s crackdown on domestic
Elon Musk’s company has filed a lawsuit against the law firm that represented Twitter during his attempt to take the company private. The lawsuit claims that the firm, Wachtell, Lipton, Rosen, and Katz, charged an exorbitant amount for its services. According to the lawsuit, the law firm accumulated a “last minute” legal bill of $90
Microsoft’s finance chief has cautioned employees against creating extravagant products during a company meeting in 2018, according to recent federal court hearings related to the planned Activision Blizzard acquisition. This comment, reminiscent of the debunked claim that former President Donald Trump owned a solid gold toilet, serves as a reminder that highly valued technology companies
Two authors, Paul Tremblay and Mona Awad, have filed a lawsuit against OpenAI, claiming that their copyrighted books were used without their consent to train OpenAI’s artificial intelligence chatbot, ChatGPT. According to the authors, ChatGPT generates highly accurate summaries of their works, which they believe can only be possible if the chatbot was trained on
Twitter recently announced the implementation of usage limits, citing the need to detect and eliminate bots and other malicious users on their platform. In a blog post, the company emphasized the importance of ensuring the authenticity of their user base and stated that providing advance notice of these actions would have allowed bad actors to
Bluesky, a social media platform positioned as a competitor to Twitter, reported a significant increase in traffic on Saturday. This surge in activity came in response to Elon Musk, Twitter’s executive chairman and CTO, announcing temporary limitations on the number of posts users can read per day. Musk took to Twitter to explain that these
Skype, the renowned voice, video, and messaging app that revolutionized long-distance communication, has undergone significant changes since its inception. In the early 2000s, Skype emerged as a game-changer, allowing users to connect with friends and family without incurring exorbitant long-distance fees. However, the app’s fortunes took a downward turn after eBay acquired it in 2005.
Tesla, the renowned electric vehicle maker, released its highly anticipated second-quarter vehicle production and delivery report for 2023 on Sunday, revealing impressive figures that surpassed analysts’ expectations. The company reported a total of 466,140 deliveries and 479,700 vehicles produced in Q2 2023, demonstrating significant growth of 83% compared to the previous year. This substantial increase
Elon Musk, the Tesla and SpaceX CEO, recently announced that Twitter users will now face restrictions on the number of posts they can read in a day. Musk cited “extreme levels of data scraping” and “system manipulation” as the reasons behind this decision. Although the limits are not permanent, verified accounts will be allowed to