Amazon
Court blocks California law on children’s online safety
A federal judge said California cannot enforce a state law meant to shield children from online content that could harm them mentally or physically.
Beijing
Nasdaq touches over one-month low after weak consumer sentiment data
The tech-heavy Nasdaq led Wall Street declines, hitting a six-week low after fresh economic data indicated a deterioration in consumer sentiment.
Alphabet
Exclusive: Google to be hit with EU charges of breaching Big Tech rules, sources say
Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech after proposed changes to its search results failed to address the EU antitrust regulator’s concerns and those of its rivals.
Adobe
Adobe launches AI video tool to compete with OpenAI
Adobe released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge.
AI
AI stock shock could spark broader gains in US market
A development in the field of AI that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares.
$4 trillion market valuation
Apple approaches $4 trillion valuation as investors bet on AI momentum
Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements.
Australia
Meta tightens ad rules to curb financial scams aimed at Australians
Instagram and Meta Platforms said on Monday it had introduced stricter rules for advertisers of financial products and services targeting Australians.
Alphabet
Apple to urge judge to end US smartphone monopoly case
Apple will ask a federal judge to dismiss the case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest Big Tech antitrust showdown.
Adam Kovacevich
US plan to break up Google’s search dominance threatens profit engine, AI growth
The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in AI.
AI
Social media users lack control over data used by AI, US FTC says
Social media companies collect, share and process vast troves of information about their users while offering little transparency or control.