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AliExpress fined almost $630 million over illegal product sales

AliExpress has been hit with a €550 million (about $629 million) fine for violating Europe’s Digital Services Act (DSA) rules by failing to prevent illegal, unsafe, or counterfeit products from being sold on the e-commerce platform. The European Commission ruled that AliExpress didn’t take effective measures to reduce the dissemination of illegal products, noting the […]

AI, Anthropic, News, OpenAI, Policy, Politics, Tech, Tech News

China delivers a one-two punch to America’s AI dominance 

China’s leading AI companies are ramping up the pressure on Silicon Valley, as Moonshot and Alibaba unveiled models they claim can go toe-to-toe with the best from OpenAI and Anthropic at a fraction of the cost. The rapid-fire releases suggest America’s lead at the AI frontier is increasingly tight, just as the technology is becoming […]

Health, News, Policy, Politics, Science, Tech, Tech News

Taylor Farms pulls iceberg lettuce from the US market after cyclosporiasis outbreak

Food producer Taylor Farms released a statement on the Cyclospora outbreak Friday, confirming that it’s “voluntarily removing all iceberg lettuce sourced from central Mexico from the US market.” Reuters reports that, according to a source, Taylor Farms told customers like Yum Brands owner Taco Bell and the food distributor Sysco on Thursday to pull shredded […]

Business, News, Policy, Politics, Social Media, Tech, Tech News

Trump is selling high-speed access to his market-moving Truth Social posts

Trump Media, the company behind Truth Social, is selling Wall Street faster access to the “most market-moving” posts on the US President’s social media platform. On Thursday, Trump Media announced plans to launch “Truth API,” a licensed real time data feed for businesses that provides “the fastest access to Truth Social’s most influential accounts.” It […]

Business, News, Policy, Politics, Tech, Tech News

Kalshi says it caught Trump’s teleprompter operator insider trading

Kalshi users betting on what President Donald Trump would say during his speeches were reportedly up against tough competition: the president’s teleprompter operator. ABC News reports that federal investigators believe Gabriel Perez – Trump’s teleprompter operator since 2016 – used inside information to make bets on Kalshi, a major prediction market platform that allows users […]

AI, News, Policy, Politics, Tech, Tech News

New York governor says she’s using AI to analyze ‘every single rule’ in the state

New York Governor Kathy Hochul might have just signed a moratorium on new AI data centers in the state, but she’s not against using the technology herself. During an interview with Bloomberg’s Odd Lots podcast, Hochul said that her team is using “AI to analyze every single rule, regulation, [and] policy” to check for outdated […]

Antitrust, News, Policy, Politics, Speech, Tech, Tech News

Brendan Carr plans to let broadcast giants dominate the airwaves

The Federal Communications Commission will vote next month on whether a single company can own broadcast stations that reach more than 39 percent of US TV households. In a Breitbart op-ed on Wednesday, Republican Chair Brendan Carr announced an August 6th vote to end the national ownership cap rule, which was intended to prevent one […]

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