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Federal Judge Rules Meta's Instagram and WhatsApp Purchases Did Not Stifle Competition

3 months 2 weeks ago
A federal judge ruled Tuesday that Meta did not illegally stifle competition when it acquired Instagram and WhatsApp. The decision marks Big Tech's first major victory against antitrust enforcement that began during President Donald Trump's first term. The U.S. Federal Trade Commission had sought to force Meta to sell or restructure the platforms to restore competition among social media networks. Meta argued it faced competitive pressure from TikTok, YouTube, and Apple's messaging app.

Read more of this story at Slashdot.

msmash

Fund Managers Warn AI Investment Boom Has Gone Too Far

3 months 2 weeks ago
A majority of global fund managers think companies are overinvesting, as market anxiety grows about the sustainability of the AI spending boom. From a report: A net 20 per cent of fund managers surveyed this month by Bank of America said companies were spending too much on their investments -- the first time this has been a majority view in data running back to 2005. "This jump is driven by concerns over the magnitude and financing of the AI capex boom," said BofA analysts. The surge in investment to develop AI infrastructure has been a dominant theme in the record rally in US tech stocks this year -- with chipmaker Nvidia becoming the world's first $5tn company last month -- but growing concerns about the sustainability of this spending has caused a pullback on Wall Street in recent weeks.

Read more of this story at Slashdot.

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Datacenter fossil fuel habit 'not sustainable' as AI workloads soar

3 months 2 weeks ago
Rising AI power demand is straining grids and pushing operators toward hydrogen, batteries, geothermal, and nuclear

Gartner warns that fossil fuel dominance in on-site power generation is not sustainable, given the rapid rise in datacenter energy consumption due to AI servers.…

Dan Robinson

Brussels eyes AWS, Azure for gatekeeper tag in cloud clampdown

3 months 2 weeks ago
European Commission probes whether Amazon and Microsoft wield outsized control under Digital Markets Act

The European Commission has launched investigations into Amazon and Microsoft's cloud services, and plans to review if legislation introduced in 2022 is being applied effectively to the cloud market.…

Lindsay Clark