Equity Apple’s €1.84B fine, new AI rules in India, and the latest pre-IPO round
4 snips
Mar 4, 2024 Get ready for a deep dive into some hot topics! Apple faces a staggering €1.84 billion fine from the EU, igniting a fierce debate over competition. Meanwhile, India shakes things up with new AI regulations, requiring approval for tech launches. The crypto market is witnessing a surge, as Bitcoin and Ethereum soar, in stark contrast to a struggling NFT scene. Plus, Waymo expands its self-driving service, now offering airport runs. And amidst all this, tech investments are buzzing, leaving us to ponder if the industry is feeling more confident.
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Apple's EU Fine
- The EU fined Apple €1.84B for anti-competitive App Store rules regarding music streaming.
- Apple's anti-steering provisions prevented apps from informing users about cheaper external offers.
India's New AI Rules
- India implemented new rules requiring tech companies to get government approval before launching new AI models.
- This advisory signals stricter AI regulation in India, focusing on bias, discrimination, and election integrity.
Waymo's Expansion
- Waymo received permission to operate commercial robo-taxi services in more California locations, including airport runs.
- This expansion marks a significant milestone for self-driving technology adoption.