Snap shares drop
Microsoft Corp.’s $13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence market, the Federal Trade Commission said in a report released Friday.
Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice. TakeAway Points: The company’s stock fell 5% after the Federal Trade Commission announced that it would forward a complaint against Snap to the Department of Justice.
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Snap Stock Plunges On FTC Escalating AI Chatbot Complaint To DOJ, TikTok Ban Uncertainty: Retail Mood DeflatesSnap stock fell sharply on Thursday, with the uncertainty around the TikTok ban and the Federal Trade Commission (FTC) elevating to the Department of Justice (DOJ) a complaint concerning the Snapchat parent’s its artificial intelligence (AI) chatbot weighing down on sentiment.
Snap shares are trading lower on Friday despite the United States Supreme Court upholding the TikTok ban-or-sale law.
The U.S. Federal Trade Commission (FTC) announced it has referred a complaint against Snap Inc. (NYSE: SNAP) to the Department of Justice (DOJ). The complaint alleges that Snapchats artificial intelligence chatbot,
The Federal Trade Commission has referred to the Department of Justice a complaint against Snap (SNAP), Inc. The complaint pertains to the
The FTC referred Snap to the Department of Justice over allegations that the My AI chatbot posed a risk to young people.
Microsoft Corp.’s US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence (AI) market, the United States Federal Trade Commission (FTC) said in a report released Friday.
GM sells your driving data to insurers, FTC steps in to stop it
General Motors Barred From Selling Driver Data for 5 Years
The company allegedly collected and sold geolocation and driver behavior data to third-party companies. General Motors and subsidiary OnStar will be banned for five years from sharing drivers' precise geolocation and driving behavior data with consumer reporting agencies,
FTC Hits GM With 5-Year Ban on Sharing Driver Data With Third Parties
When future historians chronicle recent events in the tech industry, they’re likely to marvel at the endurance of TikTok, which has become like a cockroach in a nuclear war: the ultimate survivor.Today’s Supreme Court decision upholding the ban-or-sell law should have been the nail in the coffin
TikTok CEO Shou Zi Chew thanked Donald Trump for his commitment to "finding a solution" that keeps TikTok available in the U.S. after the ruling.
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