In a decision, U.S. District Judge Yvonne Gonzalez Rogers also rejected claims that Meta concealed former COO Sheryl Sandberg’s use of company resources for personal matters, including her wedding and her book Lean In.
The Oakland, California-based judge also dismissed claims that Meta knew its transition to Reels, which copied TikTok’s short-form video format, would hurt revenue because it offered fewer ads per hour than older formats.
Tech companies criticise EU decisions on AI
A group of companies, including Meta and Spotify, has criticised the European Union for its “fragmented and inconsistent” decision-making on Data privacy and artificial intelligence (AI). The companies, together with several researchers and industry bodies, signed an open letter stating that Europe was already losing competitiveness and risked falling even further behind in the AI era.The letter challenges recent decisions under the General Data Protection Regulation (GDPR) 2018.
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Microsoft-BlackRock team to raise $100 billion for AI data centers
Microsoft and investment powerhouse BlackRock said they have partnered to raise up to $100 billion for data centers and infrastructure to power artificial intelligence. The alliance includes Global Infrastructure Partners and deep-tech investment firm MGX, which was created in Abu Dhabi this year, according to a joint statement.
“We are committed to ensuring that AI helps drive innovation and fuel growth across all sectors of the economy,” said Satya Nadella, president and CEO of Microsoft.
Google Urges court to dismiss $9.3 billion British lawsuit
Google parent company Alphabet has asked a London court to dismiss a massive lawsuit accusing the tech giant of abusing its dominance in the online search market.
The suit, valued at up to £7 billion ($9.3 billion), is the latest case focusing on Google’s business practices.
It is also one of several multi-billion pound cases that have been heard in Britain’s Competition Appeal Tribunal in recent years, including a similar case against Google for alleged abuse of its dominance in the online advertising market.
Nikki Stopford, a consumer rights activist and the group’s representative in the lawsuit, argues that Google’s dominance allows it to raise companies’ costs for search advertising services, which are then passed on to consumers.
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