Big Tech Braces for European Union’s Clampdown on Anti-Competitive Practices
Big technology companies are preparing for the largest and most significant tightening clampdown on anti-competitive practices in the history of the European Union.
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Robinhood Reaches Agreement with U.S. Marshal Service to Repurchase Shares from Emergent Fidelity Technologies
Virtual brokerage company Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to buy back shares of Sam Bankman-Fried’s Emergent Fidelity Technologies.
French Regulator Searches Worldcoin Paris Office
The French data regulator CNIL this week conducted searches at the regional Worldcoin office, which is located in Paris.
British Parliamentarians Question Prospects of UK Leadership in AI Regulation
In the United Kingdom, parliamentarians said that the country’s Prime Minister Rishi Sunak’s plan to make the UK a leader in the regulation of artificial intelligence is under threat.
Baidu Reportedly to Get China Approval for AI Models
The media reported that this week China will approve the first batch of generating artificial intelligence services for public implementation.
Microsoft’s President Says AI Needs Human Control
Microsoft President and Vice Chairman Brad Smith, while talking to the media, said that people should curb artificial intelligence, because it can become a weapon.
SEC Accuses Wells Fargo of Overcharging Nearly 11,000 Investment Accounts With Advisory Fees
The Securities and Exchange Commission on Friday, August 25, reported that Wells Fargo has for many years used the practice of illegally overcharging almost 11,000 investment advisory accounts in the amount of about $27 million.
TD Bank Cooperates With Regulators on Anti-Money Laundering Issues
TD Bank announced cooperation with regulators and law enforcement agencies in the framework of the proceedings concerning the lender’s compliance with the provisions of the normative base defining the legal principles of combating money laundering.
China Fines US Firm Mintz Group
China has fined the American company Mintz Group, which specializes in corporate legal expertise.
China Aims to Expand Government Control To Metaverse
China is reportedly looking to implement a system with digital IDs and real-world punishments for actions in the Metaverse
New York City Bans TikTok on Government Devices
New York last Wednesday, August 16, decided to ban the use of the TikTok app on government devices.
China’s Internet Regulator Discusses New Data-Security Rules With Foreign Firms
The Chinese Internet regulator is discussing options for applying new data security rules with foreign companies, including Walmart.
Intel Abandons Its Attempt to Acquire Tower Semiconductor
Intel Corporation announced the termination of attempts to acquire the Israeli company Tower Semiconductor.
UBS to Pay Over $1 Billion to Settle Fraud Claims
It became known that the Swiss bank UBS agreed to pay $ 1.4 billion as part of the settlement of claims of involvement in fraudulent activities in the United States, which became a kind of premise of the financial crisis that broke out in 2008.
Google’s Ad Revenue Model Faces Challenges in India
The Delhi High Court ruled that Google’s advertising program falls within the legal scope of the Indian Trademark Law.
SoftBank Sues IRL
Japanese SoftBank Corporation sues social app IRL, for the development of which it has allocated investment funds in the amount of $1.1 billion.
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