July 2023

Amazon makes bid to settle UK antitrust probe into seller data, Buy Box and Prime

July 26, 2023
In a move seeking to settle an open antitrust investigation in the UK, Amazon has offered to limit its use of data on marketplace sellers so its retail business cannot gain an unfair advantage over other sellers and provide a guarantee of equal treatment for all products displayed in the ‘Buy Box’ that appears on […]

The Download: overhauling air conditioning, and China’s fast fashion war 

July 26, 2023
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. These moisture-sucking materials could transform air conditioning A surprising set of materials could soon help make more efficient air conditioners that don’t overtax the electrical grid on hot days. As extreme heat continues…

3 Tech Stocks Bursting With Value and Stability

July 26, 2023
The technology industry is well-positioned for significant growth and expansion in the foreseeable years, driven by sustained IT spending and the rapid adoption of emerging technologies worldwide. Given the industry…

Trustmi lands $17M to scale its payments fraud prevention tech

July 26, 2023
Shai Gabay and Eli Ben-Nun, two entrepreneurs based in Israel, met in 2018 while working at Cynet, a cybersecurity startup developing extended detection and response tools. While there, they came to realize that there was a growing need to secure payment transfers, which were becoming increasingly susceptible to fraud and cybercrime. According to one recent […]

OpenAI, Google, Microsoft and Anthropic form body to oversee safe ‘frontier AI’ development

July 26, 2023
Four of the preeminent AI players are coming together to form a new industry body designed to ensure “safe and responsible development” of so-called “frontier AI” models. In response to growing calls for regulatory oversight, ChatGPT developer OpenAI, Microsoft, Google, and Anthropic have announced the Frontier Model Forum, a coalition that draws on the expertise […]

How to Trade the 7/26 Fed Announcement?

July 26, 2023
Few events are a greater catalyst for stock price movement than Fed meetings. And the one coming up Wednesday 7/26 closely watched by investors to see if Fed officials are…

Meta firms fined in Australia over ‘Onavo Protect’ consumer protection breach

July 26, 2023
Remember Onavo? The Israeli mobile market intelligence company that Meta (aka Facebook) bought back in 2013 and used to power a free VPN/data management app which claimed to users it would help protect their privacy but did the opposite by sharing usage data with Facebook for the latter’s own business intelligence purposes? The wheeze helped […]