Government & Policy

South Korean prosecutors request 5-year jail sentence for Samsung chief Jay Lee

Government & Policy /

South Korean prosecutors sought a five-year prison sentence and a 500 million KRW fine, equivalent to $375,000, for Samsung Electronics Chief Jay Y. Lee at an appeals court on Monday. The appeals case comes 10 months after Lee and 13 former Samsung executives were originally acquitted of manipulating stock prices and committing accounting fraud in […]

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Meet three incoming EU lawmakers in charge of key tech policy areas

Government & Policy /

The European Union looks to have clinched political agreement on the team of 26 commissioners who will be implementing President Ursula von der Leyen’s policy plan for the next five years. A final vote is still pending next week, but on Thursday, Politico’s Brussels Playbook newsletter reported a deal in the European Parliament on the

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LinkedIn co-founder Reid Hoffman warns against Elon Musk’s ‘conflict of interest’ in setting AI policies

Government & Policy /

Reid Hoffman, co-founder at LinkedIn and Inflection AI, shared his expectations for the incoming Trump administration in an opinion piece for the Financial Times. And while he appears hopeful that President-Elect Donald Trump could clear the way for more competition and faster innovation in the technology industry, Hoffman also expressed concerns around Trump providing certain

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Apple’s mobile browser policies and Google pact are ‘holding back innovation,’ UK regulator says

Government & Policy /

An inquiry group setup by the U.K.’s antitrust authority has provisionally found that Apple’s policies are “holding back innovation in the browsers we use to access the web on mobile phones.” While the report focuses substantively on Apple, it also highlighted a revenue-sharing agreement with Google, noting that the duo “earn significant revenue” when Google

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Former X policy chief joins Sam Altman’s Tools for Humanity

Government & Policy /

X’s former top policy chief has taken a job at Tools for Humanity, the company building the tech to support World Network (formerly Worldcoin). Nick Pickles, previously head of global affairs at X, Elon Musk’s social media platform, will serve as chief policy officer for Tools for Humanity, which OpenAI CEO Sam Altman co-founded five

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Solar power magnate Gautam Adani and others indicted over alleged $250M bribery scheme

Government & Policy /

Billionaire Gautam Adani and several executives at his company, the Indian conglomerate Adani Group, have been indicted over an alleged scheme to pay more than $250 million in bribes to Indian officials in exchange for contracts to a 12 gigawatt solar power project. The indictment, unsealed Wednesday in federal court in Brooklyn, charges Adani, his

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Another VC-backed fintech, Earnin, faces crackdown over allegedly ‘predatory’ loans

Government & Policy /

The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges. Earnin allows its users to get loans against paychecks. It advertises that users can get $150 a day, up to $750 per pay period, with “no interest, credit check

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DuckDuckGo calls for EU to widen its Digital Markets Act probe of Google

Government & Policy /

Privacy-focused search engine DuckDuckGo has urged the European Union to widen its Digital Markets Act (DMA) investigation into Google, claiming the search giant is in breach of several areas where the bloc has yet to formally probe the company’s compliance. The EU’s flagship market contestability rulebook has been in force on a handful of tech

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