ITSE08

Asset bubbles? Champagne outfizzes Massive Tech and bitcoin in 2021

LIVE MARKETS Wall Street nurses Fed hangover, tech drags the party down

LONDON, Dec 24 (Reuters) – You might be tempted to pop corks if you’ve invested in vintage champagne this year – the most coveted bottles have outperformed all major financial market assets, from Big Tech to bitcoin. Online platforms that allow you to trade desirable wine, champagne and spirit vintages, much like stocks or currencies, … Read more

Massive Tech critics ask Raimondo for assembly after critique of European proposals

Big Tech critics ask Raimondo for meeting after critique of European proposals

U.S. Commerce Secretary Gina Raimondo listens to a question during an interview with Reuters at the Department of Commerce in Washington U.S., September 23, 2021. REUTERS/Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Dec 22 (Reuters) – Critics of tech giants like Alphabet’s (GOOGL.O) Google pressed Commerce Secretary Gina Raimondo for … Read more

Amazon amongst key tech corporations to drop CES plans on COVID-19 concern

Amazon among key tech firms to drop CES plans on COVID-19 concern

Dec 21 (Reuters) – Amazon Inc , Facebook parent Meta Platforms Inc (FB.O), Twitter Inc (TWTR.N) and Pinterest Inc (PINS.N) will not send teams to the Consumer Electronics Show (CES) in Las Vegas as concerns grow about Omicron, the firms said on Tuesday. CES, which serves as an annual showcase of new trends and gadgets … Read more

From metaverse to DAOs, a information to 2021’s tech buzzwords

From metaverse to DAOs, a guide to 2021's tech buzzwords

Dec 20 (Reuters) – This year, tech CEOs drew inspiration from a 1990s sci-fi novel, Reddit investors’ lexicon seeped into the mainstream as “diamond hands” and “apes” shook Wall Street, and something called a DAO tried to buy a rare copy of the U.S. Constitution. If you’re still drawing a blank as 2021 wraps up, … Read more

EXCLUSIVE Fretting about information safety, China’s authorities expands its use of ‘golden shares’

EXCLUSIVE Fretting about data security, China's government expands its use of 'golden shares'

Golden share has been taken in Full Truck Alliance -source Didi has been in talks about a golden share arrangement -source More golden shares likely to come to light -source Spotify-like Ximalaya in talks about a golden share -sources ByteDance unit’s golden share long predates disclosure -source BEIJING, Dec 16 (Reuters) – The Chinese government … Read more

EU Parliament backs powerful new guidelines to rein in U.S. tech giants

EU Parliament backs tough new rules to rein in U.S. tech giants

The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo Register now for FREE unlimited access to reuters.com Register BRUSSELS, Dec 15 (Reuters) – EU lawmakers voted on Wednesday to beef up draft rules to rein in U.S. tech giants, including extending the scope to their retailing activities and to their business … Read more

EXCLUSIVE Zoom has joined tech trade counterterrorism group

EXCLUSIVE Zoom has joined tech industry counterterrorism group

A 3D-printed Zoom logo is placed on the keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to reuters.com Register Dec 15 (Reuters) – Video-conferencing platform Zoom has joined a counterterrorism organization formed by major U.S. tech companies including Meta Platforms Inc (FB.O), formerly known as Facebook, … Read more

Key EU parliament committee agrees powerful place on DSA tech guidelines

Key EU parliament committee agrees tough position on DSA tech rules

A general view of the hemicycle at the European Parliament in Strasbourg, France, November 24, 2021. Julien Warnand/Pool via REUTERS Register now for FREE unlimited access to reuters.com Register BRUSSELS, Dec 14 (Reuters) – A key European Parliament committee agreed on Tuesday to a ban on “dark patterns” that trick web users and advertising targeting … Read more

Deepfake anybody? AI artificial media tech enters perilous section

Deepfake anyone? AI synthetic media tech enters perilous phase

Dec 13 (Reuters) – “Do you want to see yourself acting in a movie or on TV?” said the description for one app on online stores, offering users the chance to create AI-generated synthetic media, also known as deepfakes. “Do you want to see your best friend, colleague, or boss dancing?” it added. “Have you … Read more

Tech corporations say EU guidelines ought to guarantee they’re regulated of their bases

Tech firms say EU rules should ensure they are regulated in their bases

EU flags flutter in front of the European Commission headquarters in Brussels, Belgium October 2, 2019. REUTERS/Yves Herman/File Photo Register now for FREE unlimited access to reuters.com Register BRUSSELS, Dec 9 (Reuters) – Proposed European Union rules targeting tech companies should ensure that they are regulated in the EU country where they are based, Twitter … Read more