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EU Industry Chief Warns Elon Musk to Comply with EU Law Ahead of Trump Interview on X

 |  Aug 12, 2024

In a strongly worded letter sent on Monday, European Union industry chief Thierry Breton reminded billionaire Elon Musk of his obligation to comply with EU regulations just hours before Musk’s scheduled interview with U.S. presidential candidate Donald Trump on his social media platform X, formerly known as Twitter. The interview…

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Austrian Group NOYB Files GDPR Complaint Against X Over AI Data Use
 |  Aug 12, 2024

Austrian advocacy group NOYB, led by prominent privacy activist Max Schrems, has filed a significant complaint against the social media platform X, formerly known as Twitter. The complaint accuses the Elon Musk-owned company of unlawfully utilizing users’ personal data to train its artificial intelligence (AI) systems without obtaining proper consent,…

UK’s Competition Watchdog Scrutinizes Synopsys’ $35 Billion Acquisition of Ansys
 |  Aug 12, 2024

The U.K.’s competition watchdog announced on Monday that it is assessing whether Synopsys‘ planned $35 billion acquisition of Ansys might negatively impact competition in Britain. The Competition and Markets Authority (CMA) has yet to initiate a formal investigation into the significant deal. In January, Synopsys, a leading chip design software…

Valve Hit with New Class Action Suit Over Anticompetitive Practices in PC Gaming Market
 |  Aug 12, 2024

Valve Software is facing a new class action lawsuit accusing the company of monopolistic practices that have allegedly kept video game prices artificially high and stifled competition in the digital distribution market for PC gaming, according to GeekWire. Steam’s Market Power Under Scrutiny Bellevue, Washington-based Valve operates Steam, the leading online…

Netflix Teams Up with CBS Sports to Stream NFL Games on Christmas Day
 |  Aug 11, 2024

Paramount Global’s CBS Sports will produce two National Football League (NFL) games set to air on Netflix this Christmas Day, marking a significant milestone for the video streaming platform. According to Reuters, this development comes as part of Netflix’s ongoing efforts to expand its live sports offerings, with the NFL…

UK Government Considers Tighter Regulation of Social Media
 |  Aug 11, 2024

The UK government is reportedly contemplating amendments to the Online Safety Act, a move aimed at tightening regulations on social media companies in the wake of a week of racist rioting fueled by false information online. The reconsideration of the legislation comes as the country grapples with the increasing influence…

Competition Bureau of Canada Seeks Public Input on New Competitor Property Controls Guidelines
 |  Aug 11, 2024

The Competition Bureau of Canada is inviting Canadians to provide their input on its preliminary enforcement approach to competitor property controls. This follows recent changes to the Competition Act aimed at modernizing the country’s competition laws. In a statement released by the Bureau, it outlined that the preliminary guidance is designed…

Intel Faces Lawsuit from Anaconda Over Alleged AI Software Infringement
 |  Aug 11, 2024

Software company Anaconda Inc. has filed a lawsuit against tech giant Intel Corporation in a Delaware federal court, accusing the chipmaker of illegally using its software for artificial intelligence (AI) development, according to court documents made public on Friday. The lawsuit highlights a significant dispute over the use of software…

Antitrust Concerns Rise as UK Energy Market Faces Calls for Reform
 |  Aug 11, 2024

Energy prices across the UK have remained stubbornly high following the 2022 invasion of Ukraine, despite early promises of stabilization. The crisis has sparked widespread frustration, with consumers and experts alike criticizing the lack of competition in the energy market. According to Yahoo, the energy price cap, designed to protect consumers,…

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