Tech giants like TikTok argue social media ban on children under 16 could push young people to “darker corners of the internet”.
Read More Australia’s under-16 social media ban sparks anger and relief
Category: Tech
OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say
SoftBank’s billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round.
Read More OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say
US finalizes $7.86 billion chips manufacturing award for Intel
The Commerce Department said it was finalizing a $7.86 billion government subsidy for Intel after the California-based chips maker won a separate $3 billion award from the Pentagon.
Read More US finalizes $7.86 billion chips manufacturing award for Intel
US Supreme Court tosses case involving securities fraud suit against Facebook
The Supreme Court sidestepped a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Facebook of misleading investors.
Read More US Supreme Court tosses case involving securities fraud suit against Facebook
US watchdog issues final rule to supervise Big Tech payments, digital wallets
Silicon Valley tech giants who process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision.
Read More US watchdog issues final rule to supervise Big Tech payments, digital wallets
Apple to urge judge to end US smartphone monopoly case
Apple will ask a federal judge to dismiss the case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest Big Tech antitrust showdown.
Read More Apple to urge judge to end US smartphone monopoly case