Want to know more about this topic or about us? Contact us!
Apple has been ordered to pay back €13 billion ($14.4 billion) worth of tax to Ireland by the European Court of Justice. Two of its subsidiaries illegally received tax benefits between 1991 and 2014, as these benefits were not available to other companies. Ireland issued tax rulings favouring Apple Sales . . . Read more
The UK has signed the world’s first international treaty on artificial intelligence — alongside the European Union, the United States, and seven other countries. The agreement commits signatories to adopting or maintaining measures that ensure the use of AI is consistent with human rights, democracy, and the law. These measures . . . Read more
OpenAI, Microsoft, and Adobe are publicly supporting the AB-3211 bill that would require tech companies to label AI-generated content in California. Watermarks must be added to the metadata of photos, videos, and audio recordings that were produced or significantly modified by generative AI systems, according to the legislation. The bill . . . Read more
European Commissioner for Competition Margrethe Vestager will not be renominated for a third term, according to the Financial Times. Vestager’s decade-long career as Europe’s top antitrust regulator was marked by landmark division and record-breaking fines against tech giants like Google, Apple, and Amazon. Her enforcement of the Digital Markets Act . . . Read more
The U.K. government has shelved £1.3 billion worth of funding that had been earmarked for AI and tech innovation. This includes £800 million for the creation of the exascale supercomputer at the University of Edinburgh and £500 million for the AI Research Resource — another supercomputer facility comprising Isambard at . . . Read more
Microsoft has been charged by the EU for breaking antitrust rules. The European Commission claims that by bundling Teams into the Office 365 and Microsoft 365 suites, the company disproportionately restricts competition in the market for communication apps. The primary reason for this is because Microsoft’s suite of business productivity . . . Read more
The European Commission has unveiled details about its new AI Office, which is being formed to govern the deployment of the general purpose models and the AI Act in the E.U. The office will be composed of five units covering different areas, including regulation, innovation and AI for Societal Good. . . . Read more
AI makes workers more productive, but we are still lacking in regulations, according to new research. The 2024 AI Index Report, published by the Stanford University Human-Centered Artificial Intelligence institute, has uncovered the top eight AI trends for businesses, including how the technology still does not best the human brain . . . Read more
The U.K. government has formally agreed to work with the U.S. in developing tests for advanced artificial intelligence models. A Memorandum of Understanding, which is a non-legally binding agreement, was signed on April 1, 2024 by the U.K. Technology Secretary Michelle Donelan and U.S. Commerce Secretary Gina Raimondo (Figure A). . . . Read more