Bernie Sanders Saw This Coming

The markets are souring on artificial intelligence, but is this the bubble being burst? Meanwhile, California proposes a tax on billionaires Hello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the Guardian, writing to you after fending off sunburns at the beach. Today, we’re discussing a rocky week for the AI industry’s finances and how California’s proposed billionaire’s tax is changing the political posture of the state’s governor. Impact of social media ban for under-16s in UK hinges on how firm it is UK under-16s social media ban: which apps will be blocked and how will it work? ‘Tech firms are losing the public’: social media age bans near tipping point OpenAI staggers AI model release after Trump administration request Meta pauses employee tracker for AI training amid privacy concerns ‘It’s dangerous and it’s going to erode trust’: redesign of US government websites stokes surveillance fears California billionaire tax will appear on ballot after deadline for

Mozilla's open-source AI push could democratize AI development, challenging Big Tech's control and fostering innovation and transparency. The post Mozilla leads coalition for open-source AI against Big Tech dominance appeared first on Crypto Briefing.

The sharp decline in crypto stocks highlights the volatility and regulatory challenges in the sector, impacting investor confidence and market stability. The post Coinbase and Circle stocks crater 69-72% from highs, dramatically underperforming Big Tech appeared first on Crypto Briefing.

The EU's regulatory focus on cloud giants may spur innovation in decentralized alternatives, impacting digital business infrastructure globally. The post EU targets Microsoft and Amazon cloud units for Big Tech gatekeeper rules appeared first on Crypto Briefing.

Coinbase and Circle have posted steeper losses than Oracle, Netflix and Salesforce, highlighting the widening gap between crypto equities and the broader market.

Tim Cook recently said price increases were "unavoidable" and described the company's pricing as "unsustainable." The 16-inch MacBook Pro saw its price go up by $300. The 11-inch iPad Air went from $599 to $749. Even the HomePod Mini got a $30 bump to $129. Cook squarely placed the blame at the feet of the AI industry, which is not surprising. RAMageddon has already come for your desktop PCs and gaming consoles. The Xbox has seen its price climb nearly 25 percent depending on the model, and Nothing even canceled an entire phone launch. Apple is just the most recent to jack up prices and point the finger at AI. The price hikes are "basic eco … Read the full story at The Verge.

As a host of countries move to rein in social media use by children, could this be technology’s big tobacco moment? Continue reading...

Candeub's appointment could reshape antitrust enforcement, impacting Big Tech's operations and investor strategies amid ongoing scrutiny. The post Trump taps telecom regulatory lawyer as DOJ antitrust head appeared first on Crypto Briefing.