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The EU announced on Friday that Meta must overhaul Facebook’s and Instagram’s addictive design features or face a fine. The tech giant is in breach of the Digital Services Act by focusing on features like infinite scroll, autoplay, push notifications, and highly personalized recommendation algorithms, the European Commission said. The Commission says these features fuel…
The excitement for the European startup market was hard to ignore at the annual Slush conference in Helsinki last month. But the actual data on the state of the region’s venture market shows a different reality. The upshot: The European market has not recovered from the global venture capital reset that occurred in 2022 and…
Apple says the warning messages now appearing next to EU App Store listings that use third-party payment systems are not actually new. According to a number of recent reports, Apple added a warning with a red exclamation mark next to apps that it found were not using its own “private and secure payment system.” The…
Microsoft says that it has completed a multi-year project to allow Europe-based customers using its cloud services to store and process data in the EU. The project, the EU Data Boundary for the Microsoft Cloud, began in January 2023, went on for two more years, and finally wrapped up this February, Microsoft said. With its…
After a brief delay, Meta says that it’s begun to roll out certain AI features to users of its Ray-Ban Meta AR glasses in France, Italy, and Spain. Starting today, people in those countries can invoke Meta’s AI assistant, Meta AI, using their voice to get answers to general questions (e.g. “What are some good…
It’s become a common refrain in political discourse: Europe needs to take radical action to remain competitive. On the long list of potential reforms, one that’s gaining particular traction is a new, EU-wide corporate status for innovative companies. Known (somewhat obscurely) as the “28th regime,” the innovation is being billed as Europe’s answer to a…
The European Union reached a deal Friday on the world’s first regulations for artificial intelligence (AI), paving the way for legal oversight of the popular technology used in services like OpenAI’s ChatGPT. The European Parliament and its 27 member countries had to overcome major differences on a number of sticking points, including generative AI and…
“#Microsoft’s new subsidiary Vault to be final step of ZeniMax acquisition” Microsoft has announced the creation of a new subsidiary called Vault which will ultimately be merged with ZeniMax to complete the acquisition process. In September of last year, Microsoft had disclosed its intention to acquire 100% stakes in ZeniMax Media and it’s publishing company…
“# OECD tax director says international crypto tax standards are coming in 2021 ” Pascal Saint-Amans, the director of the OECD’s Centre for Tax Policy and Administration, has asserted that the 37-nation organization will introduce a common reporting standard, or CRS, for crypto assets in 2021. According to Law360, Amans stated that the crypto tax…
“# Netherlands registers first consumer-facing crypto platform since AMLD5 ” Crypto exchange BLOX received the go-ahead to operate in the Netherlands, making it the first platform to do so since the country implemented the European Union’s 5th Anti-Money Laundering Directive, or AMLD5. “BLOX is the first consumer-focused cryptocurrency company that will be included in the…