Tech News from Simmons Systems (Page 88)

Tech News from Simmons Systems

FTC Chair Warns Artificial Intelligence Models Risk Breaking Antitrust Laws

The head of the Federal Trade Commission cautions that major AI developers potentially violate antitrust regulations through their market dominance. The agency actively investigates whether these companies stifle competition in the rapidly growing tech sector.

OpenAI Schedules First-Ever DevDay Conference for November

OpenAI hosts its inaugural DevDay conference on November 6 in San Francisco to showcase new tools to developers. CEO Sam Altman confirms that the event does not feature GPT-5.

Amazon Backs Anthropic With $4 Billion to Rival ChatGPT

Amazon invests $4 billion in Anthropic, taking a minority stake to boost its presence in the generative AI market. Anthropic uses Amazon Web Services to develop its Claude chatbot as a direct competitor to ChatGPT and Google Bard.

SAG-AFTRA Strike Ends With New Contract Addressing AI and Streaming Pay

Hollywood actors successfully conclude a nearly four-month labor strike after securing a new contract that regulates artificial intelligence and improves streaming residuals. The historic work stoppage significantly disrupts film and television production across the United States.

Instacart and Klaviyo End Tech Unicorn IPO Drought With Mixed Debuts

The US IPO market sees its first tech unicorns in years as Instacart and Klaviyo go public. Both companies finish the week at or above their offer prices despite volatile initial trading.

Game Developers Threaten to Abandon Unity Over Controversial Install Fee

Unity faces massive backlash from the gaming community after announcing a new pricing model that charges developers per game install. Numerous studios are now threatening to abandon the engine entirely or halt updates to their existing games.

Arm's Landmark IPO Sparks New Interest in Semiconductor ETFs

The highly anticipated initial public offering of Arm Holdings brings fresh attention to semiconductor-focused exchange-traded funds. Investors closely watch whether this blockbuster tech debut elevates the broader chip sector.

US Senate Advances Bipartisan AI Regulation Framework in Dual Hearings

US Senators introduce bipartisan principles for AI regulation, including a licensing regime for high-risk development and an independent oversight body. Lawmakers express urgency to pass legislation by the end of the year to avoid repeating past mistakes with social media.

Apple Unveils Carbon Neutral Watch Series 9 and Titanium iPhone 15 Pro

Apple introduces the iPhone 15 Pro with a titanium design and USB-C, alongside the first carbon neutral Apple Watch Series 9 featuring a new S9 chip and a double tap gesture.

artificial intelligence

Senate Judiciary Committee Holds Hearing on Artificial Intelligence Legislation

The Senate Subcommittee on Privacy, Technology, and the Law convenes to discuss the oversight and regulation of artificial intelligence. Industry leaders and legal experts testify to help shape future AI laws.

Midjourney AI Transforms Text Descriptions Into Digital Art

Midjourney is a generative artificial intelligence program that creates images from natural language descriptions. The San Francisco-based independent research lab launches its service through a popular Discord platform.

Unity Shifts to Install-Based Pricing Model, Upsetting Game Developers

Unity announces a controversial new pricing structure that charges developers a fee based on game installs rather than just software subscriptions. The sudden policy change sparks significant backlash across the independent and AAA game development communities.

SAG-AFTRA Reaches Tentative Deal to End Historic Hollywood Actors Strike

Hollywood actors are heading back to work after SAG-AFTRA and major studios reach a tentative agreement to end the 118-day strike. The deal includes new streaming residuals and protections around artificial intelligence.

Visa Expands USDC Stablecoin Settlement to Merchants via Solana

Visa is expanding its stablecoin settlement capabilities to merchant acquirers Worldpay and Nuvei using USDC on the Solana blockchain. The company has already moved millions in USDC to settle fiat payments across its network.