ftc

The US Department of Justice had long been expected to file an antitrust lawsuit against Apple. But when the suit arrived Thursday, it came with surprising ferocity.In a press conference, attorney general Merrick Garland noted that Apple controlled more than 70 percent of the country’s smartphone market, saying the company used that outsized power to control developers and consumers and squeeze more revenue out of them.The suit and messaging from DoJ and fifteen states and the District of Columbia joining it take aim at…

Reddit said ahead of its IPO next week that licensing user posts to Google and others for AI projects could bring in $203 million of revenue over the next few years. The community-driven platform was forced to disclose Friday that US regulators already have questions about that new line of business.In a regulatory filing, Reddit said that it received a letter from the US Federal Trade Commision on Thursday asking about “our sale, licensing, or sharing of user-generated content with third parties to train AI models.”The…

The social network said it is in the early stages of its data-licensing efforts. The social network said it is in the early stages of its data-licensing efforts. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

Your car insurance provider apparently knows much more about you than you might think — and it’s using that information to inform your rates. According to a new report from the New York Times, new cars with internet-enabled features are tracking your driving habits, and that data is being shared with data brokers who then sell the information to car insurance companies. This is all done regardless of the driver’s involvement. These days, when you buy a car, you often have the option to lower your insurance rates by…

The Federal Trade Commission is looking into Reddit’s AI licensing deals, the company in paperwork filed with the Securities and Exchange Commission. The company, which is in the midst of its Initial Public Offering, said that the regulator notified Reddit officials that it “intended to request information and documents” about the company’s AI deals.It’s not clear why the FTC is probing Reddit’s relatively new licensing business, but it seems to be in the early stages of its inquiry. “On March 14, 2024, we received a…

The Federal Trade Commission and the Department of Justice’s antitrust division filed a comment with the US Copyright Office asking for an expanded exemption to copyright law for the right to repair certain devices. The comment was submitted on Thursday, amid the Copyright Office’s deliberations over whether to issue new exemptions to Section 1201 of the Digital Millennium Copyright Act (DMCA), a law that prohibits breaking software copy protection. Under Section 1201, repairing your own devices can often become a…

Microsoft engineer Shane Jones of OpenAI’s DALL-E 3 back in January, suggesting the product has security vulnerabilities that make it easy to create violent or sexually explicit images. He also alleged that Microsoft’s legal team blocked his attempts to alert the public to the issue. Now, he has taken his complaint directly to the FTC, “I have repeatedly urged Microsoft to remove Copilot Designer from public use until better safeguards could be put in place,” Jones wrote in a letter to FTC Chair Lina Khan. He noted that…

Albertsons and Kroger supermarketsBridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty ImagesThe U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and lower wages for workers.In a release, the FTC said it issued an administrative complaint and authorized a lawsuit in federal court to stop Kroger's $24.6 billion acquisition of Albertsons, which would create one of the…

The FTC’s complaint specifically alleges that H&R Block customers had to contact the company by chat or phone in order to downgrade to a less expensive tax-filing product, making the downgrade more time consuming. The FTC’s complaint specifically alleges that H&R Block customers had to contact the company by chat or phone in order to downgrade to a less expensive tax-filing product, making the downgrade more time consuming. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility!…

The Federal Trade Commission sued to block Kroger’s bid for rival Albertsons, throwing into uncertainty the fate of one of the largest supermarket deals in history. The Federal Trade Commission sued to block Kroger’s bid for rival Albertsons, throwing into uncertainty the fate of one of the largest supermarket deals in history. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the…