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...its advertising business, almost a year and a half after the debut of ChatGPT....
...One document circulated among some TikTok staff last year suggests that “high power distance” — the acceptance of hierarchical power as part of society — is common in China....
...’s physical commodities business....
...Bhat added that Google was working with regulators to understand their requirements and make sure the technologies were used securely....
...Google’s Cloud business revenue rose 28 per cent to $9.6bn as companies seek access to the vast computing power and chip infrastructure to train LLMs and ride the AI wave....
...Pichai has also been criticised for being slower to commercialise generative AI, despite the technology being created in-house by its researchers....
...It took advantage of a surge in demand from investors for fast-growing technology companies when it listed three years ago, with its share price tripling in the six months after it went public....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...Overhanging Google’s adoption of generative AI, meanwhile, is the disruptive threat the technology could pose to its core search business....
...The US government is also taking legal action against Google’s ad business, accusing it of pushing publishers and advertisers to use the company’s proprietary ad technology products....
New Digital Markets Act will be a test case for how far regulators can dictate design of products and services
...to slow down the pace of technology development unnecessarily....
...“It’s a different time, and different business. The focus is not ‘bigger is better’, it’s on performance.”...
...Having spent billions on developing generative AI, tech groups are now focusing on creating clear business models from the technology....
...Water is used in most forms of fuel and power generation, for example, to pump for oil and gas or to produce steam in thermal power stations....
...The Australian agreement was the first between the global technology industry and media companies in the world....
...Their emphasis below: During the current business cycle, we believe real gross domestic product (GDP)i growth could accelerate to 7% per year on average, surpassing that of any year since 1950....
...small, as well as comedians, authors and other creative professionals who allege that their work is being unfairly used to create the artificial intelligence that threatens eventually to put them out of business...
...Billionaire Ken Griffin’s Citadel Securities has called the former congressman who runs Donald Trump’s media business a “loser” after he named the powerful trading firm in a letter suggesting that an illegal...
...Hovenkamp: The first difficulty is the market power question....
...“We saw that with 5G, it becomes much more important to do [chip development] in-house than it used to be,” said Freddie Sodergren, Ericsson’s head of technology and strategy for business area networks....
...Yet, regulators admit fines are not a cure-all for curbing the growing power of Big Tech. Margrethe Vestager, the EU’s executive vice-president in charge of digital policy, said as much last month....
...“Your company is not going to go out of business because of AI,” he said. “It’s going to go out of business because another company used AI. There’s no question about that.”...
...Chris Miller, ‘Chip War: The Fight for the World’s Most Critical Technology’ (2022) Favourite: The Prize: The Epic Quest for Oil, Money & Power, by Daniel Yergin....
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