Executives from Snap, TikTok and YouTube have appeared at a hearing on Capitol Hill to answer questions from lawmakers about youth safety online. It was the first time representatives from Snap and TikTok have appeared before Congress and the hearing follows weeks of scrutiny on Facebook over how its products affect teenagers’ mental health. The executives were grilled on issues including the...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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