EUs

On Thursday, the European Commission unveiled the Net-Zero Industry Act, a much-anticipated proposal aiming at boosting the EU’s green tech production amidst an increasingly intense global race. The new regulation is a key part of the European Green Industrial Plan — the bloc’s response to the US’ $369 billion package of green subsidies — seeking to ensure that at least 40% of the union’s net-zero technology demand is produced domestically by 2030. “We need a regulatory environment that allows…

The European Union told Elon Musk to hire more human moderators and fact-checkers to review posts on Twitter, the Financial Times reported on Monday, citing four people familiar with talks between Musk, Twitter executives and regulators in Brussels.The demand complicates Musk's efforts to reorganise the loss-making business he acquired for $44 billion (roughly Rs. 3,37,465 crore) in October. He has slashed more than half of Twitter's 7,500 staff, including the entire trust and safety teams in some offices, while seeking…

Volker Wissing, Federal Minister of Digital Affairs and Transport speaks on the use of e-fuels for new combustion engines even after 2035 and in the existing fleet in Berlin, Germany, Tuesday, Feb. 28, 2023. Credit: Britta Pedersen/dpa via AP Germany's transport minister said Tuesday that his country won't back a planned European Union ban on the sale of new cars with combustion engines from 2035, after failing to get…

European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves HermanEuropean Union plans to regulate artificial intelligence (AI) face another stumbling block after lawmakers failed to agree on a basic set of proposals, according to four people familiar with the matter. The bloc's highly anticipated AI Act is widely expected to be put to a vote at the European Parliament at the end of March, at which point individual nations will begin negotiating final terms of…

While ChatGPT grabbed the headlines for its intuitive conversational abilities honed by machine learning, Google is reportedly holding back in releasing something which is as good as ChatGPT. In the all-hands meeting mentioned above, CEO Sundar Pichai said that the company's AI-powered LaMDA is capable of what ChatGPT can do, however, the company is concerned about bias and factuality of AI chatbots. Google executives also didn't want to put the company's reputation on the line in case things go south. Click here to know…

The EU’s new green tech funding plan has sparked concerns about an escalating global subsidy race. The initiative was launched in response to the US’ Inflation Reduction Act. The legislation provides $369 billion of subsidies for green technologies, largely through tax credits for products “made in America.” The incentives have triggered fears that EU companies will be enticed to redirect investment and production to the US. Critics claim the measures amount to protectionism that violates…

EU industry chief Thierry Breton on Tuesday told Twitter owner Elon Musk to do more to fully comply with the bloc's online content rules. "I welcome the effort that Twitter is making to be in line with Europe's objectives, while acknowledging that the next months will be crucial," Breton said after a video call with Musk. "We need to see more progress towards full compliance with the DSA. My team will follow closely the work made by Twitter and by all other online platforms," according to a readout of the call.…

Sony's gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft's $69 billion (about Rs. 5,62,647 crore) bid for Call of Duty maker Activision Blizzard, a person familiar with the matter said on Thursday.The meeting came as the EU competition watchdog prepares to warn Microsoft this week about the potential anti-competitive effects of the US software giant and Xbox maker's acquisition in the biggest gaming industry deal in history.Microsoft is looking to Activision to help it…

Sony's gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft's $69 billion bid for "Call of Duty" maker Activision Blizzard, a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog prepares to warn Microsoft this week about the potential anti-competitive effects of the U.S. software giant and Xbox maker's acquisition in the biggest gaming industry deal in history. Microsoft is looking to Activision to help it compete better with…

Mehul Reuben DasJan 04, 2023 11:14:16 ISTGoogle has alleged that India’s antitrust authorities did not investigate the matter of Google abusing the market dominance of Android properly and that they relied heavily on the decision taken by the European Union. Google alleges that the fine of $161 million or Rs 1337 crore imposed by the Competition Commission of India is therefore not justified and the matter needs to be reinvestigated. By copying and pasting portions of the EU’s decision, Google alleges that the CCI has…