The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Nathan Stirk | Getty Images E-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the company. The move … Read more
Microsoft submitted a new proposal to U.K. regulators for the takeover of American game publisher Activision Blizzard after its initial proposal was rejected. Nurphoto | Nurphoto | Getty Images LONDON — The U.K.’s competition regulator on Friday said Microsoft’s restructured takeover proposal of Activision Blizzard, submitted in August, “opens the door to the deal being … Read more
Larry Ellison, Oracle’s chairman and know-how chief, speaks on the Oracle OpenWorld convention in San Francisco on September 16, 2019. Justin Sullivan | Getty Pictures Oracle shares moved 9% decrease in prolonged buying and selling on Monday after the database software program maker disclosed income and income steering that had been lighter than anticipated. This … Read more
Kent Walker speaks at a “Develop with Google” launch occasion in Cleveland. by way of Google Google previewed Friday the way it plans to combat off the U.S. authorities’s expenses of unlawful monopolization when it goes to trial in District of Columbia District Courtroom subsequent week. The trial marks the primary main tech antimonopoly case … Read more
The logos of Google, Apple, Fb, Amazon and Microsoft displayed on a cell phone with an EU flag proven within the background. Justin Tallis | AFP through Getty Pictures The European Fee on Wednesday mentioned it designated six tech giants as “gatekeepers” below its new Digital Markets Act — a strict algorithm that might shake … Read more
The Amgen brand is displayed exterior Amgen headquarters on Might 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Pictures The Federal Commerce Fee on Friday stated it has reached a cope with drug big Amgen to permit the corporate’s $27.8 billion buy of Horizon Therapeutics to maneuver ahead. The 2 firms now anticipate … Read more
The Microsoft Groups displayed on a smartphone. Sopa Photographs | Lightrocket | Getty Photographs U.S. tech big Microsoft on Thursday stated it should unbundle its chat and videoconference service Groups from its Microsoft 365 productiveness suite, in a bid to allay European Union antitrust issues. Beginning Oct. 1 this yr, Microsoft will promote the packages … Read more
Microsoft says it “actually tried” to take the issues of U.Okay. regulators to coronary heart, earlier than launching its contemporary bid to take over Activision Blizzard — and it is now as much as the regulators to determine whether or not that path is obvious. “I feel we have to let the regulators communicate for … Read more
Staff in Singapore are the world’s quickest in terms of adopting synthetic intelligence expertise, in accordance with LinkedIn’s newest Way forward for Work report. The report, which drew information from 25 international locations, discovered that Singapore has the best “diffusion charge” — the share of members including AI expertise to their profiles grew 20 occasions … Read more
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Picture courtesy Climeworks The U.S. Division of Vitality is investing as much as $1.2 billion in big vacuums that suck carbon out of the air in an effort to gradual international warming. So-called direct air seize, or DAC, is an rising know-how that has not scaled … Read more