ANTITRUST RULES
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla has marketed Full Self-Driving (Supervised) software to prospective buyers in South Korea for years, often collecting lump-sum payments of 9.043 million won ($6,726).
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla is facing a consumer complaint in South Korea over allegedly misleading customers by selling its Full Self-Driving (FSD) software to buyers whose vehicles cannot legally use it. The software, which was sold for a one-time payment of 9.043 million won ($6,726), is compatible with only about 20% of Tesla cars registered in the country, mainly US-made models.
Brazil presidential election results: Five economic challenges facing re-elected President Lula
Brazil's economy is encountering significant challenges as President Lula starts his fourth term in January. Soaring public debt and rising mandatory spending limit budget flexibility, complicating fiscal management. High interest rates and persistent inflation hinder economic growth, impacting household and business debt levels. Lula's ability to implement reforms may be constrained by a conservative Congress, complicating his agenda.
Epic's 'Fortnite' back on Apple App Store in Australia after antitrust ruling
Epic Games said its shooter title "Fortnite" will return to Apple's App Store in Australia on Thursday after a federal court ordered the iPhone maker to open up its iOS operating system, having found it violated competition law.
Pakistan imposes emergency rule in northern province after protests
Pakistan placed a northern province under emergency rule on Sunday, the president's office said, following anti-government demonstrations by supporters of jailed former prime minister Imran Khan and militant violence in the northwest. Thousands of Khan's supporters have been marching in Khyber Pakhtunkhwa province to demand his release and airing anti-government criticism fuelled by harsh economic conditions.
Donald Trump: ‘We’re getting rich because of tariffs,’ vows $5,000 payout again if Republicans win midterms
Donald Trump expressed discontent regarding a Supreme Court ruling that he claims diminished federal revenue significantly. He stated that tariffs are crucial for economic growth and domestic manufacturing investments. Trump linked his trade policies to a $5,000 payout proposal to American citizens if Republicans win midterm elections. He highlighted investment commitments by Korean Zinc and General Motors as validation of his economic strategy.
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Microsoft stock (MSFT) falls as US targets green card filings for H-1B workers and Italy probes gaming business
Microsoft stock fell nearly 2% as the US targeted Microsoft’s green card filings for H-1B workers, while Italy opened an investigation into Microsoft-owned gaming companies over virtual currencies, consumer protection and gaming practices.
Italy launches EU-backed probe into Microsoft-owned gaming companies
Italy's probe is aimed at Activision Blizzard, among other companies of the Microsoft group, the antitrust authority said in a statement, without naming the others
How AI triggered a federal lawsuit? McDonald’s sued over AI pricing: What the Big Mac case says about franchisee independence
McDonald’s is facing a federal antitrust lawsuit over its AI-powered pricing tools. Illinois resident Michael Thomas alleges the system uses shared, nonpublic data from thousands of restaurants to influence menu prices at each location. The lawsuit claims the central software uses shared sales data across 14,000 locations to coordinate prices, undercutting franchisee independence. It highlights two nearby Fresno stores charging $5.69 and $6.89 for the exact same Big Mac. McDonald's denies the allegations, stating franchisees retain total control over menu pricing.
Google wins dismissal of Chegg, Penske Media lawsuits over AI overviews
In his ruling on Wednesday, US District Judge Amit Mehta in Washington said Chegg and Penske's claims that Google's business practices violate antitrust law "fail to get out of the starting gate."
Inside McDonald's push to have AI price your Big Mac
McDonald's has implemented artificial intelligence to optimize pricing strategies across its restaurants and franchises. This pricing model analyzes customer willingness to pay, creating variations in prices for identical menu items. Franchisees report pressure to adopt these AI-driven pricing recommendations despite the company's claims of their independence. Concerns regarding antitrust implications are raised as franchises may be seen as competitors.
College sports gets its Congress moment: Inside the Senate-passed Protect College Sports Act
The Protect College Sports Act was passed by the US Senate, setting federal rules for college athletics. This legislation governs how athletes can earn money, transfer schools, and receive revenue. The bill now moves to the House of Representatives for consideration and potential amendments. Supporters argue that federal law is necessary to stabilize college sports and prevent further litigation.
Senate passes 'Protect College Sports Act' that would rein in athlete payments and transfers
The Senate has passed a bipartisan bill that aims to regulate college sports and athlete payments. This legislation seeks to address the chaos in the industry caused by increased athlete payments and frequent transfers. New protections for student athletes are included, such as caps on agent fees and health insurance guarantees. Critics argue that the bill does not do enough to protect athletes or limit excessive spending.
OpenAI says SEC disclosures undermine xAI's antitrust lawsuit
ChatGPT maker OpenAI asked a Texas federal judge to throw out an antitrust lawsuit brought by Elon Musk's AI startup xAI before trial, arguing that
Anthropic, OpenAI, SpaceXAI, Google face federal antitrust lawsuit over calls to slowdown AI development
According to a news report by Politico, the complaint filed in the Northern District Court of California, claims that public statements made earlier this month amounted to an illegal business agreement between competitors under US antitrust law. The matter began with Anthropic Chief Executive Officer Dario Amodei issuing a public plea for "industry-wide coordination" to "pace the frontier" of artificial intelligence advancement.
Europe's AI firms, playing catch-up, challenge US calls for slowdown
Anthropic's CEO Dario Amodei in an online essay urged firms to slow the pace at which they improve AI model capabilities and called for an antitrust waiver allowing leading developers to jointly develop safety measures after researchers warned about the dangers of AI, including that it could wipe out humanity.
Google should relax ad tech rules, appoint antitrust monitor, US judge finds
U.S. District Judge Leonie Brinkema in Alexandria, Virginia, gave her assessment in a decision unsealed on Wednesday, two weeks after she rejected the U.S. Department of Justice's insistence that Google break up its business of placing ads across the internet.
AI rivals found rare agreement on safety. Putting it into practice is harder
But obstacles including domestic and global competition, profit motivations and pushback from President Donald Trump all stand in the way of a coordinated effort to pace AI's development.
Musk's X Corp and SpaceXAI resolve antitrust lawsuit against Apple
In a court filing, X and SpaceXAI, a division of SpaceX, moved to dismiss the claims in a lawsuit they brought against Apple and OpenAI last year. The filing did not explain the reasons for dismissal or say whether a settlement had been reached.
Anthropic CEO seeks AI slowdown, tighter safety checks and global cooperation
Anthropic CEO Dario Amodei called for a slowdown in AI model development. He proposed a three-step plan involving independent evaluators and industry coordination. Leading AI executives like Sam Altman and Elon Musk agreed with this proposal. This call comes after recent incidents highlighting AI misuse and potential dangers. Amodei stressed balancing progress with robust safety measures and international cooperation.
India's Serious Fraud Office recommends 'detailed' probe into Xiaomi's business in country
India's Serious Fraud Office proposed investigating Xiaomi for alleged business irregularities. The probe would examine fund movements and foreign investment law compliance. This comes amid Xiaomi's ongoing tax and royalty payment disputes in India. The company stated it has not received any official notice from the SFIO. An investigation could further challenge Xiaomi's market position and financial standing.
Iowa man sued Nintendo to become a certified ‘Professor of Pokémon’ and sought $341,000; judge calls case ‘completely frivolous’
A federal judge has thrown out Kyle Owens' lawsuit against Nintendo and Pokémon Company International. Owens aimed to achieve the status of an official Pokémon Professor, but his application was denied due to a pending arrest warrant found during his background check. The judge criticized his outrageous damages claim of $341,000 as a misuse of judicial resources and cautioned Owens against future frivolous filings.
Google defeats US bid to force ad tech sale
While the ad exchange is a small part of Google's business, the ruling is the second powerful symbolic victory against the U.S. Department of Justice in its efforts to force Google to sell assets to address illegal monopolies.
Opera loses court challenge against EU exemption of Microsoft's Edge from DMA rules
The European Commission in its 2024 decision said Edge was not an important gateway for businesses to reach users even though it met the quantitative criteria set out under the Digital Markets Act which sets out a list of dos and don'ts for Big Tech.
Meta defeats Instagram shopping monopoly lawsuit for now
US Magistrate Judge Virginia DeMarchi in San Jose, California, on Friday dismissed claims brought by London-based Ollywan, which had alleged last year that Meta copied its concept for a "tag-based" shopping platform before launching Instagram Shopping in 2016.
How the Google antitrust ruling may influence tech competition
A federal judge ruled that Google violated antitrust laws by hindering competition in internet search, which could have significant implications for similar tech industry cases. The ruling draws on the Microsoft case from 2000. Judge Amit P. Mehta will decide on remedies to promote competition and innovation in the tech sector.
Will Google's defeat in antitrust case bring major changes to Google Search? Here's all you need to know
Google is currently amid a massive controversy after losing out on a major antitrust case that can create issues for users around using Google Search. A federal judge has stated that Google illegally monopolized online search by paying tech companies in order to dominate the search market.
How the Google antitrust ruling may influence tech competition
Google's loss could have major ripple effects for competition today. U.S. regulators have also accused Apple, Amazon and Meta of violating antitrust laws by advantaging their own products on the platforms they run and acquiring smaller rivals.
Microsoft breached antitrust rules by bundling Teams with office software, European Union says
The European Commission stated that Microsoft may have provided Teams with a "distribution advantage" by not allowing customers the option to choose whether to include Teams when purchasing the software. Last year, Microsoft made certain adjustments in an attempt to avoid penalties, such as offering software packages without Teams specifically for European customers. However, the commission has indicated that these measures are insufficient.
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