european commission

Adobe, Figma $20 Billion Deal to Face Full-Scale EU Antitrust Probe After Preliminary Review

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[ad_1] Adobe’s $20 billion (roughly Rs. 1,63,400 crore) bid for cloud-based designer platform Figma will face a full-scale EU antitrust investigation following EU regulators’ preliminary review, people familiar with the matter said on Monday. The move underscores antitrust watchdogs’ wariness of tech deals where bigger companies may acquire rival start-ups to shut them down. An Adobe spokesperson … Read more

European Commission Announces New Rules to Speed Up Big Tech Data Privacy Probes

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[ad_1] Stung by criticism of tardy privacy investigations and the Irish privacy regulator’s outsized role in overseeing Big Tech, the European Commission on Tuesday announced new rules to help watchdogs work on cross-border cases at a faster clip. Critics say investigations take too long and fines are too low to deter privacy breaches by Big … Read more

EU Antitrust Body to Announce Decision on Adobe, Figma $20 Billion Deal on August 7

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[ad_1] EU antitrust regulators will decide by August 7 whether to clear Adobe’s $20 billion (roughly Rs. 1,63,900 crore) bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe sought EU approval last Friday. A request made a month before the summer holidays suggests the company … Read more

EU Set to Take Next Steps for Launch of Digital Euro, Will Publish Proposal for Legal Framework

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[ad_1] The EU will take the next crucial step on Wednesday towards launching a digital version of the euro, a controversial project that has come under attack from the public, politicians and banks before it even exists. From China to the United States, Jamaica to Japan, dozens of central banks worldwide are exploring or have … Read more

Amazon’s Acquisition of iRobot Faces EU Antitrust Investigation, Sources Say

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[ad_1] Amazon’s $1.7 billion (roughly Rs. 13,500 crore) acquisition of robot vacuum cleaner maker iRobot faces a full-scale EU antitrust investigation, people familiar with the matter said, weeks after the US online retail giant won UK approval for the deal. Amazon announced the takeover in August last year to expand its portfolio of smart devices, … Read more

AI Draft Rules: EU Lawmakers Agree to Make Changes in Draft Artificial Intelligence Regulations

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[ad_1] EU lawmakers agreed on Wednesday to changes in draft artificial intelligence rules proposed by the European Commission in a bid to set a global standard for a technology used in everything from automated factories to bots such as ChatGPT. The lawmakers will now have to thrash out details with European Union countries before the … Read more

European Commission Says Companies Deploying AI Tools Like ChatGPT, Bard Should Label Content

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[ad_1] Companies deploying generative AI tools such as ChatGPT and Bard with the potential to generate disinformation should label such content as part of their efforts to combat fake news, European Commission deputy head Vera Jourova said on Monday. Unveiled late last year, Microsoft-backed OpenAI’s ChatGPT has become the fastest-growing consumer application in history and … Read more