Is TikTok Actually Getting Banned in US?
TikTok users in the US have witnessed their favourite social media in and out of service this Sunday, with no certainty about the future of the short video app in the country.
regulation
Robinhood to Settle SEC Charges
The United States Securities and Exchange Commission (SEC) last Monday, January 13, reported that two broker-dealers of Robinhood, a financial services company, agreed to pay $45 billion in combined civil penalties to settle charges that they did not comply with a broad array of regulatory requirements.
US Tightens Its Grip on AI Chip Shipments
Last Monday, January 13, the United States government announced the continuation of its efforts to expand restrictions on the export of artificial intelligence chips and technologies.
US Regulator Sues Berkshire Unit
The United States Consumer Financial Protection Bureau (CFPB) sued a lender owned by Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers to take out unaffordable mortgages to purchase homes from Clayton Homes, Berkshire’s manufactured housing business.
New York Reportedly Tights Financial Scrutiny
The media published information according to which the New York authorities are tightening financial scrutiny ahead of the January return of Donald Trump, who won the United States presidential election last month, to the White House.
Australia Develops Plan to Boost AI Investment
In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.
China Opens Probe Into Nvidia
Chinese state media reported that Beijing has launched an antitrust investigation against Nvidia, the world’s largest and most popular developer of graphics processing units, which are necessary for training and ensuring the process of subsequent operation of artificial intelligence systems.
Chinese Regulators Urge Global Banks to Facilitate Offshore IPO Listings
Chinese regulators, including the China Securities Regulatory Commission (CSRC), have reportedly requested top global banks to expedite offshore listings for Chinese companies in Hong Kong in an effort to boost overseas fundraising and revive the economy.
FTC Reportedly Opens Antitrust Probe Into Microsoft
In the United States, the Federal Trade Commission (FTC) has launched an antitrust investigation into Microsoft, which drilled all aspects of the technology giant’s activities, including, among others, business related to cloud computing, software licensing, functional solutions in the cybersecurity area and artificial intelligence products.
Australia Passes Social Media Ban for Children Under 16
Australia on Thursday, November 28, passed a law banning social media for children under the age of 16 after an active and high-profile public resonance, which has become one of the most discussed topics in the country.
Competition Authorities Reportedly Raid Amazon Japan
Japan’s Fair Trade Commission on Tuesday, November 26, conducted an on-site inspection of Amazon Japan on suspicion of violating antitrust laws, as reported by the media, citing an insider in the government of the Asian country.
US Lawmaker Urges Investigation Into China’s Chipmaker SMIC
Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit the production sites of China’s Semiconductor Manufacturing International Corporation (SMIC) and check whether this company is involved in making chips for Huawei Technologies.
South Korea Fines Meta
South Korea has ordered Meta Platforms to pay a fine of 21.62 billion won ($15.67 million).
Hong Kong Unveils Rules for Responsible AI Use
The Hong Kong government has unveiled its first guidelines on the practice of responsible use of artificial intelligence and embraced blockchain, as local regulators seek to stay ahead of the pace of the technological revolution, which is likely to disrupt financial services.
US FTC Says Marriott to Boost Security to Settle Data Breach Charges
The United States Federal Trade Commission on Wednesday, October 9, said it would require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement an information security program to settle charges related to multiple data breaches recorded between 2014 and 2020.
Appeals Centre to Rule Over Social Media Disputes in EU
A new appeals body Appeals Centre Europe has been established to review policy violation complaints related to major social media platforms such as Facebook, TikTok, and YouTube.
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