Etsy: Online marketplace lays off 11% of staff to cut costs

EconomyTechnology 23 November 2023, 1:46 pm 1 minute Reuters exclusively reported that Amazon (AMZN.O) is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O). Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of troves of data by a…

The biggest story in tech this year was, without a doubt, the explosive ascent of AI. The biggest story in tech next year will be whether it can turn a profit. Because so far, it can’t. A quick recap: OpenAI and ChatGPT burst onto the scene, dominated headlines, attracted millions of users and tens of…

A UK entrepreneur explains why his idea to build a car-sharing network like Airbnb didn’t work out.

Perplexity, with a fraction of Google’s users, raised the largest sum by an internet search startup in recent years.

GovernmentTechnology 20 November 2023, 2:44 pm 1 minute Reuters exclusively reported that France, Germany and Italy have reached an agreement on how artificial intelligence should be regulated.   Market Impact Germany’s Economy Ministry, which is in charge of the topic together with the Ministry of Digital Affairs, said laws and state control should not regulate AI…

After more than a decade of uncontrolled experiments by internet platforms on millions of users, there is an emerging possibility that one group of users — kids — may gain some protection. A wave of court cases has an opportunity to fill a void left by the inaction of the executive and legislative branches of…