Big tech companies tend to make a lot of enemies — but there are none more powerful than the US government. Apple, Google, Amazon, and Meta are regularly called in front of Congress to fend off monopoly accusations — and lawmakers bring up bills to rein in the companies just as often. The Federal Trade Commission has taken a particularly central role, leading a lawsuit to sever Facebook and Instagram while blocking new acquisitions for Oculus and the company’s virtual reality wing. Like it or not, these regulatory fights will play a huge role in deciding the future of tech — and neither side is playing nice.
A US Chamber of Commerce email to members sent on Thursday indicated that the government is preparing to announce the new export restrictions “prior to the Thanksgiving break,” reports Reuters.
That’s not all, the outlet writes:
Another set of rules curbing shipments of high-bandwidth memory chips to China is expected to be unveiled next month as part of a broader artificial intelligence package, the email continues.
A federal judge said Friday that sanctioning Musk was unnecessary “because he already agreed to reimburse the SEC $2,923 to cover airfare for the trio of agency lawyers he stood up in Los Angeles in September,” Bloomberg writes.
The agency sought to sanction him after he ditched a testimony over his Twitter acquisition to watch a SpaceX launch.
A Tesla Cybertruck was spotted joining President-elect Donald Trump’s motorcade in Texas while traveling to the SpaceX Starship launch.
The Secret Service wouldn’t answer Road & Track’s questions about who was driving the Cybertruck, but come on, we all know who it was. A better question is whether the Cybertruck will officially join once Trump takes office. I mean, he’s already got one, gifted by streamer Adin Ross. And it is bulletproof — sort of.
Alphabet’s top lawyer says the agency’s proposed remedies, which include selling off Chrome, are part of “a radical interventionist agenda that would harm Americans and America’s global technology leadership.”
If adopted, Kent Walker says the security and privacy “of millions of Americans” would be endangered, trade secrets would be sent to foreign companies, AI progress and innovation would be stymied, and the world as we know it would basically end.
DOJ says Google must sell Chrome to crack open its search monopoly
Divesting Android is still on the table.
Rumble, the YouTube rival popular with the right for its anti-”cancel culture” approach, is “very interested in acquiring Google Chrome,” CEO Chris Pavlovski says. He was responding to a Bloomberg report that the government is planning to ask a court to require Google to sell the browser as part of the antitrust case against its search business. Rumble notably brought its own antitrust suit against Google years ago.
The former congressman selected as Trump’s attorney general has come up in connection to a defamation lawsuit filed by one of his friends, as the New York Times reports a hacker has obtained evidence shared among lawyers on the case:
The file of 24 exhibits is said to include sworn testimony by a woman who said that she had sex with Mr. Gaetz in 2017 when she was 17, as well as corroborating testimony by a second woman who said that she witnessed the encounter.
[The New York Times]
Pew Research Center released a report on news influencers who people are increasingly getting their information from.
The report couldn’t have come at a better time, following an election where the role of influencers and podcasters was especially notable. Of today’s news influencers:
- 77 percent have no background with news orgs
- 65 percent are men
- More identify as Republican or conservative than Democratic or liberal
- Far more have a presence on X than on any other platform
[Pew Research Center]
A new tidbit about the prediction markets startup from last week’s issue of Command Line:
Coplan recently raised, but has yet to announce, a $30 million round of funding at a $350 million valuation. And in recent conversations with investors (a surprising number of whom passed on the round, which was less than Coplan hoped to raise), I’m told he was noncommittal about whether the company would work to get the Commodity Futures Trading Commission license it needs to operate in the US.
And apparently, it’s not hurting them too much, reports The Cut:
As someone who has proven, time and again, to be impervious to traditional shaming tactics, Trump has ultimately given legions of his supporters license to finally go public about their support for him, one prominent New York–based communications consultant told me. And though there has been some backlash to posts like Javed’s in the form of angry comments or Reddit threads documenting influencers who are also Trump supporters, the outcry has been relatively minimal.
[The Cut]
In the waning months of Democratic control, the Federal Trade Commission is getting ready to probe Microsoft for alleged anticompetitive behavior, The Financial Times reports.
It plans to demand documents from Microsoft related to allegations that it makes it unduly difficult for customers to move from the Azure cloud by imposing sharp exit fees and other tactics. The FTC declined to comment.
[Financial Times]
Unsurprisingly, President-elect Donald Trump plans to end the federal incentive, which encouraged Americans to buy EVs like Teslas for years. Now, Reuters is reporting Tesla is for it:
representatives of Tesla - by far the nation’s largest EV seller - have told a Trump-transition committee they support ending the subsidy
Meanwhile, Trump has tasked Tesla CEO Elon Musk with cutting “wasteful expenditures” in the new administration.
How Trump’s second term could be bad for EVs — but great for Tesla
What Elon Musk really wants from a Trump presidency.
In the coming days, Instagram and Facebook users within the bloc will be given the choice to receive “less personalized ads” that are full-screen and temporarily unskippable, according to The Wall Street Journal.
The offering, which Meta says is likely to negatively impact its business, follows pressure from European Union regulators who opposed users having to pay to avoid targeted ads.
What a second Trump presidency means for tech
Donald Trump’s second term means significant changes for AI, crypto, and EV policy.
He joins Tim Cook, Jeff Bezos, Mark Zuckerberg, and other big names in tech congratulating Trump.
Vice President Kamala Harris delivered the final speech of her presidential campaign at Howard University Wednesday, emphasizing both the importance of a peaceful transfer of power and continued organizing. Harris sought to comfort young voters disappointed in the outcome. “Sometimes the fight takes a while. but that doesn’t mean we won’t win,” Harris said.
The Vice President will speak to a crowd at her alma mater, Howard University, in Washington, DC. She reportedly called former President Donald Trump earlier on Wednesday.
All the Big Tech leaders congratulating Donald Trump
CEOs are coming forward with messages for Trump, even when they’ve butted heads with him in the past.
What does Trump’s election mean for EVs, Tesla, and Elon Musk?
Say goodbye to tax credits and other incentives meant to boost EV sales.