The FinTech Hub
Source: The Verge President Donald Trump’s sudden and unlawful firing of the Federal Trade Commission’s two remaining Democrats will serve the tech billionaires who backed him, not the American people, warned one of the ousted officials today. “I think we need to be focused on the billionaires over President Trump’s shoulder at his inauguration and…
Source: The Verge The European Commission is instructing Apple to make iOS work better with third-party devices like smartwatches and headphones. The Commission adopted two legally binding decisions Tuesday under the Digital Markets Act (DMA), the European competition law that governs large digital gatekeepers. The first decision will give app developers and device manufacturers more…
Source: The Verge When AI giant OpenAI submitted its “freedom-focused” policy proposal to the White House’s AI Action Plan last Thursday, it gave the Trump administration an industry wishlist: use trade laws to export American AI dominance against the looming threat of China, loosen copyright restrictions for training data (also to fight China), invest untold…
Source: The Verge President Donald Trump fired the two remaining Democratic commissioners at the Federal Trade Commission Tuesday in what appears to be a conspicuous exercise of power over the independent agency. The White House confirmed the dismissals in an unsigned email response to The Verge. Democratic Commissioner Alvaro Bedoya shared his dismissal in a…
Source: The Verge A month of anti-Tesla dissent escalated this week with two reports of Teslas catching fire in Las Vegas and Kansas City. During a press conference, Deputy Fire Chief Jennifer Wyatt said the fire department was able to extinguish two Tesla vehicles before the batteries ignited. FBI Special Agent Spencer Evans also spoke…
Source: The Verge Oracle is closing in on a deal that would have it “vouch” for TikTok’s security in exchange for a small stake in the company’s US operations, according to Bloomberg. The plan, which was reportedly discussed among the Trump administration last week, would include “guarantees that an updated US version of TikTok would…
Source: The Verge On Tuesday, Vice President JD Vance publicly acknowledged a simmering “tension” between two warring factions inside the Republican party – the populist MAGA right and the tech billionaires who threw their support to Donald Trump – and called for a truce. In remarks at Andreesen-Horowitz’s American Dynamism policy conference in Washington, DC,…
Source: The Verge WASHINGTON, DC – DECEMBER 05: Federal Communication Commission Commissioner Geoffrey Starks testifies before the House Energy and Commerce Committee’s Communications and Technology Subcommittee in the Rayburn House Office Building on Capitol Hill December 05, 2019 in Washington, DC. All five of the FCC commissioners testified before the subcommittee, which is tasked with…
Source: The Verge The White House is working to “improve Wi-Fi connectivity,” White House press secretary Karoline Leavitt said in a statement emailed to The Verge. According to The New York Times, it’s using Starlink to address the issue, which White House officials blame on the property’s spotty cell service and “overtaxed” Wi-Fi infrastructure. Huh….
Source: The Verge The putative president of the United States, Donald Trump, stood on the White House lawn. In his hand, he held a sales pitch for Tesla cars. The most powerful man in America, Elon Musk, attired for a very casual funeral and looking miserable, stood next to Trump. As Trump spoke, promising to…
