President Donald Trump and Attorney General Pam Bondi were sued on Thursday over the U.S. government’s approval of a restructuring deal involving TikTok’s Chinese parent company, ByteDance. The lawsuit argues that the administration’s approval of the arrangement violated a 2024 law intended to force the sale of the company’s U.S....

Netflix said on Thursday it has acquired InterPositive, a filmmaking technology company founded by Academy Award-winning actor and director Ben Affleck that develops artificial intelligence-powered tools designed for movie production. Financial terms of the deal were not disclosed. The acquisition signals a growing shift within the media industry toward embracing...

Artificial intelligence devours electricity at a staggering scale, and someone has to pay the bill. For months, consumer advocates and lawmakers have sounded an alarm over the AI boom driving up household electricity costs, and ordinary Americans are footing the tab. In the face of a growing backlash that has turned AI data center...

Alphabet’s Google announced a sweeping overhaul of how apps are distributed on Android devices, introducing measures designed to give competitors easier access to the platform while reducing fees for developers. The changes, revealed Wednesday, come as the company works to resolve antitrust litigation in the United States and comply with...

Senior officials in the United States government are debating whether Chinese technology conglomerate Tencent should be permitted to retain its stakes in major video game developers as President Donald Trump prepares for a planned visit to China in April. The internal discussions have centered on whether Tencent’s investments in gaming...

Charles River Associates, a consulting firm specializing in economic, financial, and management advisory services, has announced that economist Dr. Steven Tadelis has joined the company as a Senior Consultant in its Antitrust & Competition Economics Practice, according to a statement from the firm. Dr. Tadelis currently serves as Professor of...

The US Department of Justice has opened an investigation into whether several major fertilizer manufacturers coordinated to increase prices in the American market, according to Bloomberg, citing people familiar with the matter. The inquiry is focusing on the pricing practices of some of the largest producers of crop nutrients, including Nutrien...

The New York State legislature is maintaining its industriousness at seeking to erect guardrails around AI uses and applications. In its latest stroke, the Senate Internet and Technology Committee voted 6-0 last week to advance a bill to bar AI chatbots that impersonate licensed professionals such as doctors and lawyers...