The Federal Trade Commission and a bipartisan coalition of 22 states have sued Amazon, accusing the company of secretly manipulating the auctions that determine advertising prices on its marketplace and extracting more than $20 billion from businesses that believed they were competing under a different set of rules.
At two CEO roundtables in June, the Australian Prudential Regulation Authority and Australian Securities and Investments Commission asked industry leaders to consider cyberattacks complicated by artificial intelligence, failures at critical service providers and crises that spill across organizational boundaries. The regulators published notes from the discussions Tuesday.
The European Commission has added ChatGPT, Reddit and Roblox to the short list of digital services considered large enough to warrant the European Union’s highest level of scrutiny, giving the three companies until January to meet a more demanding set of obligations under the Digital Services Act.
Ohio State University has agreed to pay $2.1 million to resolve allegations that it failed to disclose employees’ ties to and financial support from the People’s Republic of China while seeking federal research funding, the Justice Department announced Monday.
TikTok and its parent company ByteDance have agreed to pay $400 million to settle a U.S. government lawsuit alleging the platform collected personal information from millions of children without their parents' consent, according to BBC reporting, closing a case that began two years ago and adding another substantial figure to the growing cost of getting children's privacy wrong.
The machinery meant to keep oily waste out of the ocean was aboard the MSC Samira III. So was the monitoring equipment meant to catch a violation. When those protections became inconvenient, senior crew members found ways around them. For months, oily bilge water was moved through the ship and discharged into the sea while the records meant to account for such discharges told a different story. On Friday, the companies responsible for the vessel pleaded guilty to federal pollution charges and were sentenced to pay a combined $1.75 million fine.
The Australian Securities and Investments Commission and Australian Prudential Regulation Authority have urged financial market entities to move beyond awareness of frontier AI risks and begin preparing for their consequences. The regulators said increasingly capable AI models are accelerating cyber threats while adding pressure to the technology and operational risks financial institutions already face.