Vice Media has announced that Fortress Investment Group has been declared the winning bidder for the company as it prepares to emerge from bankruptcy. Fortress, leading a group of lenders, offered a $225 million stalking horse bid for Vice when it entered bankruptcy protection back in May. The group later increased its offer to $350
Enterprise
Amazon Web Services, the cloud unit of Amazon, has set aside $100 million for a center that will help companies use generative artificial intelligence (AI). This technology has gained popularity since OpenAI released its ChatGPT chatbot to the public. Although the investment may seem small for a company with $64 billion in cash and half
The Federal Trade Commission (FTC) filed a lawsuit against Amazon on Wednesday, claiming that the online retailer deliberately deceived millions of customers into joining its Prime program and made it challenging to cancel. The FTC alleges that Amazon’s use of “dark patterns,” deceptive design tactics that push users towards a particular option, resulted in Prime
The U.S. Department of Justice (DOJ) has established a new unit within its National Security Division to pursue cyber threats from nation-state and state-backed hackers. This unit is aimed at formalizing a crucial aspect of the national security apparatus into the DOJ’s hierarchy. The DOJ’s national security team will be able to increase the scale
Gannett, the publisher of USA Today, has filed a lawsuit against Google for allegedly monopolizing the advertising technology market. The lawsuit adds to an already extensive list of legal actions against the tech giant for its alleged anticompetitive behavior. In the complaint filed in the Southern District of New York, Gannett claims that Google’s control
A recent survey conducted by Morning Consult for computer tech company HP has revealed that climate change is causing parents to make important decisions about a wide range of issues, including how many children to have, where to work and what products to buy. The survey polled more than 5,000 adult parents in five countries
As governments around the world grapple with whether or not to regulate artificial intelligence (AI), Singapore is taking a more cautious approach. The country is currently not looking at regulating AI, according to Lee Wan Sie, director for trusted AI and data at Singapore’s Infocomm Media Development Authority (IMDA). Instead, the Singapore government is promoting
France is positioning itself as Europe’s leading hub for artificial intelligence (AI), with French President Emmanuel Macron stating that he believes France is the number one country in AI in continental Europe. The French government is backing the country’s tech push, with the aim to create two or three “big global players” in AI. Macron
The sales of new electric vehicles (EVs) have increased by 55% in 2022 compared to the previous year. However, there are still many gas-powered cars on the road, and it looks like this trend will continue for a while. To tackle this issue, a new industry has emerged, converting internal combustion engine vehicles to electric.
Amazon has confirmed that it will not be hosting its annual re:MARS conference this year. The conference, which stands for “Machine learning, Automation, Robotics, and Space,” was launched in 2019 as a way for startups, academics, researchers, and executives to discuss the latest developments in these technologies. Amazon has decided to incorporate these topics into