Meta and other tech giants ban political and regulated advertisers from using their generative AI advertising tools amid concerns of misinformation in elections.
Alphabet’s quarterly profit was US$19.7 billion, driven by ads, YouTube, and cloud services. Google Cloud missed revenue expectations, causing a 5% share price drop.
Microsoft reported a net income of US$22.3 billion, with Azure cloud growing by 29%, exceeding expectations and leading to a 3% share price increase.
Japan’s anti-trust watchdog is probing whether Google breached rules by seeking preferential treatment from smartphone manufacturers. This investigation adds to Google’s global competition challenges.
Australia’s internet safety watchdog fined Elon Musk’s X (formerly Twitter) for failing to adequately address child sexual abuse content, imposing a fine of Aus$610,500 (US$385,000). A formal warning was also sent to Google.
Google’s Pixel 8 Pro introduces on-device generative AI models, reducing reliance on cloud transfers. It aims to compete with Apple, enhancing AI capabilities and introducing a unique AI-amped assistant.
OpenAI’s value skyrockets to US$80-90 billion in investor talks, nearly tripling from the previous year. The company, known for ChatGPT, attracts substantial investment and expands with voice and image capabilities.
Thailand’s new prime minister, Srettha Thavisin, meets tech leaders like Elon Musk, Google, Microsoft executives, and BlackRock CEO to boost the economy, focusing on sustainable development and clean energy investments.
Microsoft will integrate OpenAI’s Dall-E 3, an image creation tool, into Bing search engine, enhancing AI capabilities to compete with Google. This move follows their partnership with OpenAI and dedication to AI advancement.
Google will require political ads to disclose if they use AI-altered images or audio. This change aims to combat misinformation and will be in effect before the upcoming US presidential election.