Nvidia Corp. and Arm Limited announced on Feb. 7 that they will not continue with the transaction due to “significant regulatory challenges.” This statement ends an attempted merger that started in September 2020 when the U.S. graphic chip giant agreed to buy Arm from SoftBank...
The nation’s Big Tech firms have a powerful ally to protect their dominance in Europe: the Biden Administration. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
The Biden administration will be looking at more regulations, stirring action from business lobbyists in financial services, agribusiness, medical-device makers and others, The Wall Street Journal (WSJ) reported Monday (Feb. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Tesla has received a subpoena from the Securities and Exchange Commission over a settlement that required CEO Elon Musk’s tweets to be vetted if they contained material information, Reuters reported Monday (Feb. 7). Get the Full Story Complete the form to unlock this article and...
Amid the ongoing scrutiny from various regulatory bodies and lawmakers around the globe, Big Tech has some leverage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
There’s more bad news for the Biden administration. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...
If Meta, Facebook’s parent, thinks it can avoid stringent new rules in the United Kingdom (U.K.), the social media giant should think again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Artificial intelligence (AI) is a driving force of innovation due to its rapidly evolving technology, strong cross-domain connectivity, and the growing number of industry applications, Luis Aranda, AI policy analyst at the Organization for Economic Cooperation and Development (OECD), told PYMNTS in an interview. Get the Full...
The Competition and Markets Authority on Friday (Feb. 4) announced it has fined Meta 1.5 million pounds (more than $2 million) for failing to tell the U.K. regulator about key staff leaving the social media company, a condition of its initial enforcement order. Get the...
