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US lawmakers warn Joe Biden to probe EU targeting of tech firms
Economic Times
·
1y ago
Medial
A bipartisan group of US lawmakers has written to President Joe Biden expressing concern about the European Union's Digital Markets Act (DMA), which designates major US tech companies as "gatekeeper" service providers. The lawmakers argue that the regulations unfairly target US firms while excluding Chinese and European companies. They call on Biden to secure assurances that the rules will be enforced fairly and not harm the US economy or compromise national security. The EU and White House have not yet commented on the matter.
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EU denies picking on US tech giants, says US also tackling monopolisation
Economic Times
·
5m ago
Medial
The European Union's new Digital Markets Act (DMA) is designed to keep digital markets open and is not specifically targeting US tech giants, according to EU officials. In a response to US congressmen's concerns, EU antitrust and tech leaders emphasized that the DMA applies to any company meeting specific criteria, regardless of headquarters' location. They reiterated the act’s goal of preventing unfair practices by gatekeepers, fostering innovation and competition, similar to US antitrust actions against dominant tech firms.
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A Doctored Biden Video Is a Test Case for Facebook’s Deepfake Policies
Wired
·
1y ago
Medial
Facebook's Oversight Board will review a manipulated video of President Joe Biden circulating on the platform during the 2022 US midterm elections. The video, falsely labeling Biden as a "pedophile," was not taken down by Meta (formerly Facebook). The review aims to push Meta to address their handling of manipulated media and election disinformation ahead of the 2024 US presidential election and other global votes. Experts warn that generative AI will likely complicate and exacerbate election-related disinformation. The Oversight Board can issue binding decisions but has limited power over resource allocation and content moderation outside the US.
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US lawmakers urge Biden administration to block Huawei's access to American chip making gear
Economic Times
·
9m ago
Medial
US lawmakers are urging the Biden administration to restrict the sale of American chip making equipment to Huawei Technologies, in an effort to impede the Chinese company's progress in semiconductor manufacturing. They have expressed concerns about Huawei's access to critical technology and have identified several Chinese companies as potential members of Huawei's network. The US and its allies have already restricted the sale of advanced chips and manufacturing tools to China. Lawmakers argue that further action is necessary to deny Huawei and similar firms the ability to access US technology, while China has criticized these restrictions as barriers to cooperation.
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Democratic senator raises concerns about Joe Biden campaign's decision to join TikTok
Economic Times
·
1y ago
Medial
Democratic Senator Mark Warner expressed concern about the decision by President Joe Biden's campaign to join the Chinese-owned TikTok app, citing national security implications. Republican lawmakers have also criticized the move. The Biden campaign currently has over 57,000 followers on TikTok. The US government's ban on TikTok's use on government devices remains in place, and the Committee on Foreign Investment in the United States (CFIUS) has demanded that TikTok's Chinese owners sell their shares. Efforts in Congress to ban TikTok have stalled, but some lawmakers want TikTok's parent company, ByteDance, to be put on an export control list.
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Germany slams Donald Trump tariffs, US tech titans in crosshairs
Economic Times
·
4m ago
Medial
German Chancellor Olaf Scholz criticized new US tariffs as "fundamentally wrong," warning that the European Union might retaliate by targeting American tech giants. The tariffs, unveiled by President Trump, could harm global trade and economies. Economy Minister Robert Habeck mentioned potential EU tax measures against US tech firms. As Germany faces significant impact due to its major exports, business groups decried the tariffs as a threat to international trade and economic stability.
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TikTok execs believed Biden joining the app meant a ban was no longer an imminent threat: WSJ
Business Insider
·
1y ago
Medial
Executives at TikTok felt reassured that calls for a ban on the app had quieted due to President Joe Biden's decision to join the platform in February and post videos, according to The Wall Street Journal. However, a bipartisan bill was introduced in the House shortly after a meeting between TikTok executives and lawmakers, which would require the Chinese company ByteDance to sell TikTok or face a ban in the US. The bill was shaped by Biden administration officials, and Biden himself has indicated he would sign the ban if it reaches his desk. TikTok and free-speech groups argue that the ban would violate the First Amendment.
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TikTok a US security threat, says Trump, similar to Facebook -CNBC
Reuters
·
1y ago
Medial
Republican presidential candidate, Donald Trump, has described the popular short video app TikTok as a national security threat but likened it to other social media platforms such as Facebook. Lawmakers are considering a bill that would give TikTok's owner, ByteDance, six months to divest the app. The US House of Representatives is expected to vote on the legislation this week. Trump claimed that banning TikTok would benefit Facebook, a platform he has criticized in the past. President Joe Biden has indicated he would sign the bill once it is approved. TikTok argues that the proposed legislation effectively amounts to a ban.
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Joe Biden reiterated US concerns over TikTok in call with Xi Jinping: White House
Economic Times
·
1y ago
Medial
The ownership of TikTok was brought up in a recent call between President Joe Biden and Chinese President Xi Jinping. Biden expressed American concerns about the app's ownership. In March, the US House of Representatives passed a bill giving ByteDance, the Chinese company that owns TikTok, six months to sell the app's US assets or face a ban due to national security concerns. Senators are still undecided on how to handle the situation, but Biden has stated he would support such a bill if it reached his desk.
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US lawmakers urge probe of WiFi router maker TP-Link over fears of Chinese cyber attacks
Economic Times
·
11m ago
Medial
US lawmakers are calling for an investigation into China's TP-Link Technology Co and its WiFi routers due to potential national security risks. TP-Link is a top seller of WiFi routers globally, but the lawmakers are concerned about known vulnerabilities in the firmware and instances where the routers have been exploited in cyber attacks. They believe that Chinese-origin routers could be used by Beijing for cyber attacks on US governments and businesses. The Commerce Department will respond to the lawmakers' request through appropriate channels. TP-Link and the Chinese Embassy have not yet provided comments on the matter.
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US lawmakers accuse VC firms of funding Chinese military-linked firms
Economic Times
·
1y ago
Medial
A US congressional report alleges that venture capital firms, including Sequoia Capital China and Qualcomm Ventures, invested at least $3 billion in Chinese tech companies that support Beijing's military and repression of minorities in Xinjiang. The report also scrutinizes investments made by GGV Capital, GSR Ventures, and Walden International in Chinese AI and semiconductor firms with questionable ties. The Committee calls on the Biden administration to restrict US investment in Chinese firms involved in military or human rights violations and expand existing restrictions on US investment in China.
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