Parvesh Rana 
Elon Musk, the CEO of Twitter Inc., said on Friday that the social media site will take a 10% cut of content payments after the first year. This is part of the company’s plan to monetize content on the website so that it can get money from more places. Elon Musk, the billionaire owner of … Read more
As recently as February, EU lawmakers’ plans to control generative artificial intelligence (AI) technologies like ChatGPT did not give generative AI a lot of attention. Block’s 108-page plan for the AI Act, which came out two years ago, did not use the word “chatbot” even once. Deepfakes mostly refer to content made by AI, like … Read more
The ChatGPT chatbot was turned back on in Italy after the company that made it fixed the problems that Italy’s data protection body had found. Both the agency and the company confirmed this on Friday. Microsoft-backed Last month, OpenAI took ChatGPT offline in Italy after Garante, the country’s data protection body, temporarily banned the chatbot … Read more
In an uncertain economy, advertisers are sticking with Alphabet and Meta Platforms, which is likely helping the tech giants take market share away from smaller digital ad sellers like Snap Inc. Advertisers who wanted to reach customers online spent a lot more than usual because of the pandemic. As a result, tech companies that depend … Read more
An early EU agreement says that companies that use generative AI tools like ChatGPT will have to reveal any copyrighted materials they used to build their systems. This could lead to the world’s first comprehensive rules governing technology. Nearly two years ago, the European Commission started writing the AI Act to control new artificial intelligence … Read more
Amazon.com Inc.’s quarterly sales and profit came in higher than expected on Thursday. However, the company said that cloud income growth was falling sharply as businesses struggled with an uncertain economy. Chief Financial Officer Brian Olsavsky told traders on a conference call that Amazon Web Services (AWS) growth rates in April were about 5 percentage … Read more
Snap Inc.’s quarterly income fell short of what analysts expected on Thursday because changes to its advertising platform hurt the demand for ads. The company also warned that next quarter’s results could also fall short of Wall Street’s goals. The company based in Santa Monica, California, which owns the photo messaging app Snapchat, has been … Read more
Online brokerage companies that grew by leaps and bounds during the pandemic are now in the slow lane. This is because the market bull run is slowing down, and customers who had time to play around with stocks while they worked from home have gone back to work. Some of the biggest discount stockbrokers that … Read more
Thursday, Pinterest Inc. said that its second-quarter revenue growth would be lower than what Wall Street expected. This is because the image-sharing website is dealing with a drop in advertising spending, which sent its shares down 13% after the bell. Pinterest said that the market for ads was getting more stable, but it also said … Read more
The ride-hailing company Lyft Inc. said that it will lay off about 1,072 workers, or 26% of its workforce. This was one of the first things that the company’s new CEO, David Risher, did, and it caused the company’s shares to rise by about 1% on Thursday. Risher took over the company earlier this … Read more
