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Showing posts with the label EU

CMA has blocked Microsoft's acquisition of Activision Blizzard.

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  Due to "fundamental errors" in evaluating Microsoft's cloud gaming services, UK’s decision to block Microsoft's $69 billion acquisition of "Call of Duty" creator Activision Blizzard is being appealed by Microsoft.   UK’s anti-trust watchdog, the Competition and Markets Authority (CMA) rejected the deal in April, claiming it could harm competition in the budding cloud gaming market. This sparked a raging argument.   Microsoft announced on Wednesday that it had appealed the decision to UK’s Competition Appeal Tribunal (CAT), and on Friday, a summary of its arguments was made public. The summary declared that the CMA's assessment that the deal would significantly reduce competition in the UK.'s cloud gaming market was incorrect.   Microsoft will make this claim in front of the Competition Appeal Tribunal, claiming that the CMA "made fundamental errors in its calculation and assessment of market share data for cloud gaming services...

Google to work with Europe on stop-gap ‘AI Pact’

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Global leaders are creating a voluntary pact while working on enforceable regulations because generative AI is advancing quickly. Governments worldwide are taking action in response to generative AI's potential to cause enormous disruption. According to Reuters, Thierry Breton, the European Commission's (EC) 's industry chief, said on Wednesday that the organization would collaborate with Alphabet to develop a voluntary agreement to set guidelines for artificial intelligence. To discuss the agreement, which will involve input from businesses based in Europe and other regions, Breton met with Google CEO Sundar Pichai in Brussels. The EU has a history of enacting stringent technology regulations, so the alliance offers Google the chance to contribute ideas while avoiding potential issues in the future. The compact aims to establish guidelines before official legislation, such as the EU's proposed AI Act, which will take much longer to develop and enact. In a statement, Br...