Why Europe is freaking out about ‘chat control’ 

A European Union law aiming to fight child sexual abuse online has privacy activists and tech firms up in arms.

POLITICO
3 Apollo Global Management chief economist Torsten Slok: “Second, #techfirms often need to borrow to finance multi-year projects, which also makes them more vulnerable to higher #interestrates. Third, when interest rates are high, general risk appetite among investors is low …” 🧵
Bluesky

Bluesky Social
2 Apollo Global Management chief economist Torsten Slok: “Why is the #tech sector so vulnerable to higher #interestrates? First, #techfirms are priced to deliver cash flows far out in the future, which makes #techcompanies more vulnerable to changes in the #discountrate.” 🧵
Bluesky

Bluesky Social
Western Logistics and Tech Firms Targeted by Russia’s APT28

NSA, NCSC and allies warn Western tech and logistics firms of Russian APT28 cyber-espionage threat

Infosecurity Magazine
Shameful. Remember this next election. "These Tech Firms Won’t Tell Us If They Will Help Trump Deport Immigrants" https://theintercept.com/2024/12/02/location-personal-data-trump-deport-immigrants/ #Tech #TechFirms #Privacy #immigration #trump
These Tech Firms Won’t Tell Us If They Will Help Trump Deport Immigrants

The Intercept asked data companies that store personal data if they will help Trump conduct mass deportations. Few had anything to say.

The Intercept
Tech firms must ‘tame’ algorithms under Ofcom child safety rules

Regulator calls on social media firms to use robust age checks to keep harmful content away from children

The Guardian
»#US officials say prominent #techfirms have had their virtual pockets picked by Chinese #corporatespies: #LinweiDing was a #Google software engineer. He was also a prolific thief of #tradesecretshttps://www.nbcnews.com/tech/innovation/linwei-ding-google-software-engineer-alleged-thief-trade-secrets-rcna146623?eicker.news #tech #media
Linwei Ding was a Google software engineer. He was also a prolific thief of trade secrets, say prosecutors.

The Linwei Ding case illustrates what U.S. officials say is an ongoing nightmare: Google and other top U.S. tech firms have had their pockets picked by China.

NBC News
Was watching a friend's endorsement ad on LinkedIn for an AI based copy writing tech called ...gulp: "#WRITER" when I saw that #LATimes is laying off at least 115 #journalists, and another 400 unionized #workers walked off the job at Condé Nast, the major publisher where I once had a friend in a top editorial role , who is now on #LinkedIn asking for #freelance copy editing work... Meanwhile noticed another 6000 tech jobs vanish at #BayArea #TechFirms #eBay & #SAP as #AI is made a bigger part of workflow
https://www.linkedin.com/news/story/la-times-cuts-20-of-jobs-5910132/
The LA Times is laying off a fifth of its newsroom headcount, citing annual losses of $30M-$40M. The news c...

The LA Times is laying off a fifth of its newsroom headcount, citing annual losses of $30M-$40M. The news came as workers at Condé Nast also walked off the job Tuesday to protest planned cuts.

LinkedIn News

European tech firms and VCs caution against excessive AI regulation #AIRegulation

Hashtags: #AIregulation #EuropeanVCs #TechFirms Summery: A group of tech founders, CEOs, venture capitalists, and industry giants in Europe have signed an open letter to the EU Commission, warning that the continent could miss out on the generative AI revolution if the EU passes laws that stifle innovation. The letter, signed by executives from 150 businesses including Siemens and Airbus,…

https://webappia.com/european-tech-firms-and-vcs-caution-against-excessive-ai-regulation-airegulation/

European tech firms and VCs caution against excessive AI regulation #AIRegulation

Executives from 150 businesses highlighted the risks of tight regulation, saying the rules could threaten the ability of European companies to compete in AI.

Webappia

Tech giants Google, Microsoft, OpenAI pursue AI regulation on their own conditions. #AIRegulation

Hashtags: #AIRegulation #TechFirms #EthicalAI Summery: In a surprising turn of events, Sam Altman, the CEO of OpenAI, recently expressed concerns about the potential dangers of artificial intelligence (AI) to Congress. This unexpected move indicated a shift in the tech industry's approach to AI, as it seemed like companies had learned from the issues surrounding social…

https://webappia.com/tech-giants-google-microsoft-openai-pursue-ai-regulation-on-their-own-conditions-airegulation/

Tech giants Google, Microsoft, OpenAI pursue AI regulation on their own conditions. #AIRegulation

While industry leaders have been sounding the alarm in the US, they’ve beenpushing back on oversight in the EU

Webappia