Technology: U.S. FTC chief says prepared to break up big tech firms: Bloomberg - PressFrom - US
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TechnologyU.S. FTC chief says prepared to break up big tech firms: Bloomberg

00:30  14 august  2019
00:30  14 august  2019 Source:   reuters.com

Trump to let US firms sell tech to Huawei

Trump to let US firms sell tech to Huawei Details have yet to be worked out, but the president says that as part of a deal to resume trade talks with China, he'll allow sales of gear that doesn't involve a security risk.

, Democrat says ‘ big tech companies have too much power’. Senator wants to split up companies that harm She also said there is lax venture capitalist investment in new startups to compete with big tech Warren’ s proposal to break up technology companies also moves into territory staked out by

, Intel AI chief pledges support for Chinese tech giant Baidu. IBM’ s Greater China group chairman Liming Chen said that the escalation of China- U . S . trade frictions has created a Tech companies "must now live in a world where their Chinese business partners and global value chains at any given

(Reuters) - U.S. Federal Trade Commission is prepared to break up major technology platforms if necessary by undoing their past mergers, Chairman Joe Simons said on Tuesday in an interview to Bloomberg, as the agency anti-competitive practices in the sector.

U.S. FTC chief says prepared to break up big tech firms: Bloomberg © Reuters/YURI GRIPAS FTC Presser on Facebook settlement in Washington U.S. FTC chief says prepared to break up big tech firms: Bloomberg © Reuters/YURI GRIPAS FTC Presser on Facebook settlement in Washington

Simons said in the interview that breaking up a company is challenging, but could be the right remedy to rein in dominant companies and restore competition.

He is leading a broad review of the technology sector to see whether companies including Facebook Inc are harming competition.

The FTC did not immediately respond to Reuters request for comment on the interview.

(Reporting by Ismail Shakil in Bengaluru)

Facebook paid people to transcribe Messenger voice chats.
Add Facebook to the list of tech firms who've halted their audio transcriptions over privacy concerns. The company confirmed to Bloomberg that contractors had been transcribing Messenger voice chats to determine if AI had correctly interpreted the messages, but that it had "paused" the practice over a week ago in the wake of worries about other companies' transcription policies. The data was anonymized and came solely from people who'd volunteered for transcriptions, Facebook added. The problem, according to Bloomberg's sources, is the lack of transparency. Contractors from TaskUs reportedly weren't told where the audio came from or why they were transcribing it.

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