Connected Newsletter Connected newsletter: Apple fined as Elon Musk’s spat with OpenAI worsens
As it is, just two days after fining Apple for “abusing its dominant position” for distributing music streaming apps such as Spotify, it was revealed the tech company will face questions from EU regulators over accusations it barred Epic Games from opening its own app store for iPhone customers in Europe.
The fallout between OpenAI co-founders Elon Musk and Sam Altman was all over the news with the company using the billionaire’s own emails to show he backed its plans to become a for-profit business, and that he insisted it raise “billions” of dollars to be relevant compared with Google. As if that weren’t enough, Musk has been dethroned as the world’s richest person this week. Musk currently has a net worth of ‘just’ $197.7 billion compared to Jeff Bezos’ $200.3 billion nest egg.
Zero Day Con, the annual cybersecurity conference, returned to Dublin this week. One of the key speakers, Richard Browne, director of the National Cyber Security Centre , told delegates that cybersecurity threats are ‘like an ongoing bar fight in a western’. • Bitcoin surged to a record high as demand from new US exchange-traded funds and a looming reduction in the token’s supply growth fuelled a rebound
Source: News Formal (newsformal.com)
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Apple fined €1.8bn for anti-competitive behavior by European CommissionThe European Commission has fined Apple €1.8bn for making its users pay higher prices for music streaming subscriptions due to commission fees imposed on developers. Apple has been accused of banning music streaming app developers from informing iOS users about alternative and cheaper music services.
Source: businessposthq - 🏆 8. / 71 Read more »
Apple Fined Over €1.8billion By EU For Restricting Music StreamingApple has been fined €1.84 billion euro by the European Union for restricting music streaming, and has been accused of 'abusing its position'.
Source: TodayFM - 🏆 26. / 51 Read more »
Elon Musk launches legal action against ChatGPT maker OpenAISuit alleges the start-up’s original mission to build AI systems for the benefit of humanity has been compromised
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
Apple faces €500m fine over alleged EU law breachThe European Commission is expected to announce a fine of around €500 million for Apple over allegations of breaking EU law regarding access to its music streaming services. The investigation is focused on whether Apple blocked apps from informing iPhone users about cheaper alternatives to access music subscriptions outside the App Store. The inquiry was initiated following a complaint by Spotify in 2019.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
UBS warns Apple shares could fall almost 30 per centUBS note warns that Apple shares could potentially fall almost 30 per cent due to various concerns including weak demand, political risk in China, and antitrust concerns.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
EU fines Apple €1.8bn for stifling competition from rival music streaming servicesThe European Union has fined Apple €1.8 billion for stifling competition from rival music streaming services, the first time the iPhone maker has been punished for breaching EU law.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »