Connect with us

Business

Microsoft And Amazon Face Scrutiny From UK Competition Watchdog Over Recent AI Deals

Published

on

microsoft
The Guardian - VOR News Image

LONDON — British competition officials announced on Wednesday that they will closely examine recent artificial intelligence agreements made by Microsoft and Amazon. This investigation is prompted by fears that these partnerships may impede competition within the AI business.

The Competition and Markets Authority is currently investigating Microsoft’s collaboration with Mistral AI in France and the company’s recruitment of crucial personnel from Inflection AI, another startup. The agency has also announced a separate investigation into Amazon’s $4 billion purchase of Anthropic, a San Francisco-based company.

microsoft

AP – VOR News Image

Microsoft And Amazon Face Scrutiny From UK Competition Watchdog Over Recent AI Deals

Due to the increasing interest in generative artificial intelligence (AI) among the public and businesses, major technology corporations have been investing substantial amounts of money into startups. However, these investments have also caught the attention of antitrust authorities.

The regulatory body in the United Kingdom announced that it is inviting feedback from “interested third parties” to determine whether to conduct a comprehensive inquiry into potential antitrust violations.

“We will evaluate, in a fair and unbiased manner, whether each of these three agreements comply with the merger regulations in the United Kingdom and, if they do, whether they have any influence on competition within the country,” stated Joel Bamford, the executive director of mergers at the regulatory body.

Microsoft has committed to supplying the necessary information to the watchdog to facilitate its investigations.

microsoft

The Globe – VOR News Image

Microsoft And Amazon Face Scrutiny From UK Competition Watchdog Over Recent AI Deals

“The company stated that it believes that common business practices like hiring talented individuals or making a partial investment in an AI startup encourage competition and should not be considered equivalent to a merger.”

Microsoft has recruited Mustafa Suleyman, one of the co-founders of Google’s DeepMind AI research lab, to lead its consumer artificial intelligence division. Additionally, Microsoft hired the chief scientist and several top engineers and researchers from Inflection, Suleyman’s AI startup.

Earlier this year, Microsoft partnered with Mistral, which has quickly gained popularity in France’s AI industry since its establishment last year. Microsoft had previously collaborated with OpenAI, the creator of ChatGPT, which is also under investigation by the CMA.

Mistral expressed its unwavering dedication to collaborating with the CMA during this procedure to guarantee the preservation of its long-term autonomy and market access.

Meanwhile, Amazon has invested billions to acquire a minority share in Anthropic. The two businesses are working together to create foundation models, the basis for the generative AI systems that have gained worldwide recognition.

microsoft

Investopedia – VOR News Image

Microsoft And Amazon Face Scrutiny From UK Competition Watchdog Over Recent AI Deals

Amazon stated that it is unprecedented for the CMA to review a collaboration of this nature. “In contrast to partnerships between other AI startups and large technology companies, our collaboration with Anthropic involves a restricted investment, does not grant Amazon a position as a board director or observer, and allows Anthropic to continue running its models on various cloud providers.”

The CMA has announced an increase in its examination of the foundation models industry following the release of a report that emphasized the potential for dominant corporations to enhance their positions through partnerships with significant AI players.

SOURCE – (AP)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

Business

Sony Says Focus Is On Creativity, With Games, Movies, Music, Sensors, IP, And Not Gadgets

Published

on

sony
Sony | Pixa Bay Image

TOKYO — Sony, a Japanese electronics and entertainment company, says it will focus on innovation in movies, animation, and video games rather than traditional gadgetry.

Its CEO, Kenichiro Yoshida, described the company’s plan Thursday, saying Sony was assisting creative workers in delivering what he called “kando,” a moving experience.

Yoshida would not comment on claims that Tokyo-based Sony and Apollo Global Management are interested in acquiring Paramount Global.

Sony

Sony | Pixa Bay Image

Sony Says Focus Is On Creativity, With Games, Movies, Music, Sensors, IP, And Not Gadgets

Yoshida stated that the business now focuses on the creative process rather than valuing prior items such as the Walkman portable music player and Trinitron color televisions. He stated that “synergies” are no longer defined by entertainment and electronics but by intellectual property encompassing animation, music, gaming, and films.

In an online briefing, he stated, “We will continue to support people’s creativity through our technology.”

Sony is adapting to harsher circumstances, as competitors produce cheaper but competitive gadgets. According to critics, pursuing careers in film, music, and other forms of entertainment can be financially difficult.

Beginning with the acquisition of EMI Music Publishing in 2018, Sony has invested over 1.5 trillion yen ($10 billion) in the last six years to boost its content creation.

Sony

Sony | Pixa Bay Image

Sony Says Focus Is On Creativity, With Games, Movies, Music, Sensors, IP, And Not Gadgets

In 2021, it bought Crunchyroll, which has over 13 million paid customers and distributes Japanese cartoons worldwide. Another was Yoasobi, a Japanese music duet that uses Vocaloid technology, or singing voice synthesizer software, and has gained a global following.

Sony’s real-time computer technology, which records “this moment,” as Yoshida called it, is employed in sports cameras because it can catch fast-moving subjects without distortion

According to Yoshida, it is also utilized for news coverage and editing, 3D video and computer graphics, including successful movies like “Godzilla Minus One” and games based on human athlete movements

Sony

Sony | AP News Image

Sony Says Focus Is On Creativity, With Games, Movies, Music, Sensors, IP, And Not Gadgets

Sony recently recorded a quarterly profit of 189 billion yen ($1.2 billion), up from 141 billion yen the year before. The PlayStation gaming machine manufacturer’s quarterly revenue increased 14% to 3.48 trillion yen ($22 billion).

However, for the fiscal year ending March 31, Sony’s profit fell 3% to 970 billion yen ($6.2 billion) due to poor performance in its financial services sector, which will be largely split off next year.

SOURCE – (AP)

Continue Reading

Business

Harvard Holding Commencement After Weekslong Pro-Palestinian Encampment Protest

Published

on

harvard
Harvard | Harvard.com Image

CAMBRIDGE, Massachusetts – Harvard University planned to host its commencement ceremony on Thursday, following a weeks-long pro-Palestinian encampment that closed off Harvard Yard to save individuals with university links and heightened campus tensions.

Those tensions were heightened on Wednesday when school authorities revealed that 13 Harvard students who participated in the encampment would not be permitted to graduate alongside their classmates.

Those in the encampment demanded a cease-fire in Gaza and Harvard’s divestment from firms that support the war.

Also on Thursday, Northwestern and Rutgers University presidents are scheduled to speak before the House Committee on Education and the Workforce on concessions they made to pro-Palestinian protesters to cease campus rallies. The Chancellor of the University of California, Los Angeles, was also due to attend the most recent hearings looking into how universities have responded to the protests and charges of antisemitism.

Harvard

Harvard | AP News Image

Harvard Holding Commencement After Weekslong Pro-Palestinian Encampment Protest

The decision by the school’s top governing board comes after faculty members recommended on Monday that the 13 students be allowed to graduate despite their participation in the encampment.

However, Harvard’s governing board, the Harvard Corporation, stated that each 13 had been determined to have violated university standards during the camping protest.

“In coming to this determination, we note that the express provisions of the Harvard College Student Handbook state that students who are not in good standing are not eligible for degrees,” the company stated in a written statement.

The statement did not rule out the possibility of an appeals procedure, stating that the corporation knows “that the inability to graduate is consequential for students and their families” and supports the Faculty of Arts and Sciences’ goal to accelerate the examination of appeal requests.

Harvard

Harvard | The Forward Image

Harvard Holding Commencement After Weekslong Pro-Palestinian Encampment Protest

“We care deeply about every member of our community — students, faculty, staff, researchers, and alumni — and we have chosen a path forward that accords with our responsibilities and reaffirms a process for our students to receive prompt and fair review,” said the statement.

Protesters packed up their things and departed a pro-Palestinian campsite at Drexel University in Philadelphia on Thursday after the school announced a decision to have police clear the area

Supporters of the students said that the decision not to allow them to earn degrees at commencement violated a May 14 agreement between interim President Alan Garber and the Harvard Out of Occupied Palestine alliance, which would have allowed them to graduate.

Protesters opposing Israel’s war with Hamas willingly demolished their tents after university administrators agreed to hear their concerns over the endowment, bringing a peaceful end to the types of demonstrations that were broken up by police on other campuses.

The group issued a statement late Wednesday, claiming that the decision jeopardizes the 13 students’ post-graduate careers.

“By rejecting a democratic faculty vote, the Corporation has proved itself to be a wholly illegitimate body, and Garber an illegitimate president, accountable to no one at the university,” claimed the organization.

Harvard

Harvard | Harvard Crimson Image

Harvard Holding Commencement After Weekslong Pro-Palestinian Encampment Protest

“Today’s actions have plunged the university even further into a crisis of legitimacy and governance, which will have major repercussions for Harvard in the coming months and years,” claimed the organization.

Supporters of the protestors planned a vigil outside Harvard Yard on Thursday to support the 13 and urge for a cease-fire in Gaza.

Protesters packed up their things and departed a pro-Palestinian campsite at Drexel University in Philadelphia on Thursday after the school announced a decision to have police clear the area. A wave of pro-Palestinian tent encampments on college campuses has resulted in over 3,000 arrests nationally.

SOURCE – (AP)

Continue Reading

Business

Using AI, Mastercard Expects To Find Compromised Cards Quicker, Before They Get Used By Criminals

Published

on

mastercard
Mastercard | AP news Image

NEW YORK  — Mastercard said Wednesday that it hopes to detect that your credit or debit card number has been compromised long before it falls into the hands of a cybercriminal.

Mastercard’s most recent software upgrade incorporates artificial intelligence into its fraud-prediction system, which it hopes will allow banks to replace stolen cards before criminals use them.

“Generative AI is going to allow us to figure out where you possibly got your credentials compromised, how we can identify how it happened, and how we can very quickly remedy that situation not only for you, but also for other customers who don’t know they are compromised yet,” said Johan Gerber, executive vice president of security and cyber innovation at Mastercard, in an interview.

mastrcard

Mastercard | Investopedia Image

Using AI, Mastercard Expects To Find Compromised Cards Quicker, Before They Get Used By Criminals

Mastercard, based in Purchase, New York, says that with this new update, it can use other patterns or contextual information, such as geography, time, and addresses, and combine it with incomplete but compromised credit card numbers that appear in databases, allowing it to reach cardholders sooner and replace the bad card.

The patterns can now be applied in reverse, potentially employing batches of faulty cards to identify potentially hacked businesses or payment processors. According to Gerber, pattern identification goes beyond what humans can perform with database queries or other typical approaches.

Billions of stolen credit and debit card numbers are floating on the dark web, ready for purchase by any thief. Most were stolen from merchants in data breaches over the years, but a substantial number were stolen from unwary customers who used their credit or debit cards at the incorrect gas station, ATM, or online shop.

These compromised cards may go undiscovered for weeks, months, or even years. Only when the payment networks themselves dig into the dark web to look for stolen numbers, a merchant discovers a breach, or a criminal uses a card do the payment networks, and banks realize a batch of cards may be compromised.

mastercard

Mastercard | Youtube Image

Using AI, Mastercard Expects To Find Compromised Cards Quicker, Before They Get Used By Criminals

“We can now actually proactively reach out to the banks to make sure that we service that consumer and get them a new card in her or his hands so they can go about their lives with as little disruption as possible,” Gerber stated.

The payment networks are primarily attempting to transition away from “static” credit card or debit card numbers — card numbers and expiration dates that are used consistently across all businesses — and toward unique numbers for specific transactions. However, that transformation could take years, especially in the United States, where payment technology uptake is typically slow.

While chip cards are currently used in more than 90% of all in-person transactions worldwide, EMVCo, the technological body behind the chip in credit and debit cards, estimates that the proportion in the United States is closer to 70%.

Mastercard

Mastercard | Mastercard Image

Using AI, Mastercard Expects To Find Compromised Cards Quicker, Before They Get Used By Criminals

Mastercard’s announcement comes as its main competitor, Visa Inc., looks for ways to force users to discard their 16-digit credit and debit card numbers. Visa revealed big changes to how credit and debit cards will work in the United States last week, implying that Americans will carry fewer physical cards in their wallets and that the 16-digit credit or debit card number inscribed on each card will become less relevant.

SOURCE – (AP)

Continue Reading

Download Our App

vornews app

Volunteering at Soi Dog

People Reading

Trending