Posts filtered by tags: Eu[x]


How Google Quietly Funds Europe's Leading Tech Policy Institutes

Google has provided tens of millions of pounds of funding to academics investigating issues closely related to its business model. From a report: A recent scientific paper proposed that, like Big Tobacco in the Seventies, Big Tech thrives on creating uncertainty around the impacts of its products and business model. One of the ways it does this is by cultivating pockets of friendly academics who can be relied on to echo Big Tech talking points, giving them added gravitas in the eyes of lawmakers...
Tags: Google, Europe, Microsoft, Tech, Eu, New Statesman, Big Tobacco, Google Facebook Amazon

Daily Crunch: European privacy regulators fine Amazon $887M over targeted advertising practices

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 30, 2021. What a week, my friends. It was packed full of IPOs and earnings and startup news and new venture funds. And today was no exception. Before we get into it, however, I am happy to report that Calendly CEO Tope Awotona is coming to Disrupt. It’s also the last day for early-bird passes, which are cheap. See you ther...
Tags: Apple, Amazon, TC, Spacex, Elon Musk, Australia, Softbank, Africa, Samsung, Tech, Tesla, Eu, Spain, Luxembourg, Estonia, Cto

Amazon Hit With $887 Million Fine by European Privacy Watchdog

Amazon has been issued with a fine of 746 million euros ($887 million) by a European privacy watchdog for breaching the bloc's data protection laws. From a report: The fine, disclosed by Amazon on Friday in a securities filing, was issued two weeks ago by Luxembourg's privacy regulator. The Luxembourg National Commission for Data Protection said Amazon's processing of personal data did not comply with the EU's General Data Protection Regulation. It has ordered Amazon to revise certain undisclose...
Tags: Amazon, Tech, Eu, Luxembourg, Cnbc, European Privacy Watchdog, Luxembourg National Commission for Data Protection

EU hits Amazon with record-breaking $887M GDPR fine over data misuse

Luxembourg’s National Commission for Data Protection (CNPD) has hit Amazon with a record-breaking €746 million ($887m) GDPR fine over the way it uses customer data for targeted advertising purposes. Amazon disclosed the ruling in an SEC filing on Friday in which it slammed the decision as baseless and added that it intended to defend itself “vigorously in this matter.” “Maintaining the security of our customers’ information and their trust are top priorities,” an Amazon spokesperson said in a st...
Tags: Apple, Google, Amazon, TC, Facebook, Europe, Privacy, Tech, Spokesperson, Eu, Companies, Policy, Commission, Computing, European Commission, Luxembourg

Amazon has been fined a record $887 million for violating data privacy rules in Europe

The CNDP claimed that Amazon's processing of personal data did not comply with EU General Data Protection Regulations. Mike Blake/Reuters Amazon has been hit with a record $887 million EU fine by Luxembourg's data protection authority. The authority says Amazon's processing of personal data didn't comply with EU rules. Amazon said it would defend itself "vigorously" against the decision, which was "without merit." See more stories on Insider's business page. Amazon has ...
Tags: Google, Amazon, Europe, News, Trends, Eu, Retail, Luxembourg, SEC, Amazon Web Services, Gdpr, General Data Protection Regulation, Tech Insider, Amazon Europe, Grace Dean, CNDP

Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America

Merqueo , which operates a full-stack, on-demand delivery service in Latin America, has landed $50 million in a Series C round of funding. IDC Ventures, Digital Bridge and IDB Invest co-led the round, which also included participation from MGM Innova Group, Celtic House Venture Partners, Palm Drive Capital and previous shareholders. The financing brings the Bogota, Colombia-based startup’s total raised to $85 million since its 2017 inception. Merqueo CEO and co-founder Miguel McAllister ...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Apps, Mexico, China, Berlin, Funding, Tech, Eu, Spain, European Union, Turkey, Companies, Colombia

European Investment Fund puts $30M in Fabric Ventures’ new $120M digital assets fund

Despite their rich engineering talent, Blockchain entrepreneurs in the EU often struggle to find backing due to the dearth of large funds and investment expertise in the space. But a big move takes place at an EU level today, as the European Investment Fund makes a significant investment into a blockchain and digital assets venture fund. Fabric Ventures, a Luxembourg-based VC billed as backing the “Open Economy” has closed $120 million for its 2021 fund, $30 million of which is coming from the E...
Tags: Google, TC, Europe, Technology, China, US, Articles, Tech, Eu, European Union, Mysql, Paypal, United States, Computing, European Commission, Rpx

European Investment Fund puts $30M in Fabric Ventures’ new $130M digital assets fund

Despite their rich engineering talent, Blockchain entrepreneurs in the EU often struggle to find backing due to the dearth of large funds and investment expertise in the space. But a big move takes place at an EU level today, as the European Investment Fund makes a significant investment into a blockchain and digital assets venture fund. Fabric Ventures, a Luxembourg-based VC billed as backing the “Open Economy” has closed $130 million for its 2021 fund, $30 million of which is coming from the E...
Tags: Google, TC, Europe, Technology, China, US, Articles, Tech, Eu, European Union, Mysql, Paypal, United States, Computing, European Commission, Rpx

The Lilium electric Jet will use batteries manufactured by Germany’s Customcells

Electric air taxi startup Lilium has tapped German manufacturer Customcell to supply batteries for its flagship 7-seater Lilium Jet. The battery IP is the result of “multiple players,” a Lilium spokesperson told TechCrunch, but the manufacturing will be the sole job of Customcells. While Lilium declined to specify the number of battery systems as part of the agreement, it confirmed that Customcells will be manufacturing guaranteed capacity until 2026. Customcells specializes in high-performance ...
Tags: Transportation, Germany, Tech, Eu, Munich, Federal Aviation Administration, Palantir Technologies, Honeywell, Porsche AG, Lilium, Toray Industries, Evtol, Joby Aviation, Urban Air Mobility, European Union Aviation Safety Agency, Yves Yemsi

Big tech tries to derail EU AI policy with ‘warnings’ from US think tank

EU policymakers recently proposed a sweeping set of regulations called the Artificial Intelligence Act (AIA). If made law, the AIA would offer European citizens the strictest, most comprehensive protections against predatory AI systems on the planet. And big tech is terrified. Up front: The Center for Data Innovation published a report on Sunday titled “How Much Will the AIA Cost Europe?” According to the organization’s research: The AIA will cost the European economy €31 billion over the next f...
Tags: Google, Amazon, Startups, Facebook, Europe, Politics, Microsoft, US, Tech, Eu, Artificial Intelligence, AIA, Center for Data Innovation, Neural, Next Featured

Elon Musk takes a dig at Apple, says Tesla won't 'bludgeon its competitors' by making its tech incompatible with other companies' products

Tesla CEO Elon Musk (left) and Apple CEO Tim Cook. Brendan Smialowski/AFP, Richard Drew/Associated Press Elon Musk said Tesla won't build a "walled garden" around its tech to "bludgeon" competitors. The "walled garden" describes Apple's close control over what tech is compatible with its devices. Musk also said Tesla uses less cobalt than Apple. Both have faced accusations of supply-chain child labor. See more stories on Insider's business page. Elon Musk criticized Apple twice...
Tags: Apple, Transportation, Elon Musk, News, China, Trends, Tesla, Eu, Antitrust, Batteries, Biden, Cnbc, Musk, Democratic Republic Of Congo, Cobalt, Drc

German startup Aleph Alpha raises $27M Series A round to build ‘Europe’s OpenAI’

With Microsoft now being an investor in OpenAI the field now more open for new insurgents into the open-source AI arena. Now a German company hopes to take on the next AI mantle and produce something akin to the success of the GPT-3 AI model. German AI startup Aleph Alpha has now raised €23 million / $27 million in a Series A funding co-led by Earlybird VC, Lakestar, and UVC Partners. Following a seed round of €5.3 million from LEA Partners, 468 Capital, and Cavalry Ventures in November 2020, Al...
Tags: TC, Europe, Microsoft, Germany, US, Articles, Tech, Eu, European Union, Artificial Intelligence, United States, Api, Jonas, Lakestar, Openai, Samuel

EU Pushes for Changes To Google's Flight and Hotel Search Results

The European Union is pushing for clarity from Google about how the company processes flight and hotel searches. From a report: The tech giant must explain why it ranks certain flights and hotels above others and provide more clarity about how it calculates prices, European Union regulators demanded Monday, accusing the company of having "misled" consumers. The final prices that Google displays should include all fees and taxes that can be calculated in advance, regulators said in a statement. "...
Tags: Google, Tech, Eu, European Union, EU Justice, Didier Reynders

European Commission Starts Legal Action Against 23 EU Countries Over Copyright Rules

France, Spain, Italy and 20 other EU countries may be taken to court for their tardiness in enacting landmark EU copyright rules into national law, the European Commission said on Monday as it asked the group to explain the delays. From a report: The copyright rules, adopted two years ago, aim to ensure a level playing field between the European Union's trillion-euro creative industries and online platforms such as Google, owned by Alphabet, and Facebook. Some of Europe's artists and broadcaster...
Tags: Google, Tech, Eu, European Union, Commission, European Commission, Slovakia, France Spain Italy, Czech Republic Denmark, European Commission Starts Legal Action Against, Facebook Some of Europe, Austria Belgium Bulgaria Croatia Cyprus

Australia Considers Case for Opening iPhone NFC Chip to Third Party Payment Systems

Apple on Monday responded to questions from Australia's parliament about its third-party access approach to the NFC chip in its iPhones, following claims that its Apple Pay system is stifling innovation in the contactless payment technology space. The Parliamentary Joint Committee on Corporations and Financial Services heard for-and-against arguments from Apple, Google, and others relating to whether Apple should open up access to its near-field communication (NFC) chip. Australia's big banks...
Tags: Apple, Google, Australia, Germany, Eu, Apple Pay, Nfc, EMEA, Apple Google, ZDNet Apple, Diana Layfield, Third Party Payment Systems

Radical antitrust bills would be disastrous for consumers and innovation

Last week, Margrethe Vestager, the European Union’s top competition commissioner, praised all of the antitrust action legislators have been taking. Do American consumers really want what European consumers have (or, more precisely, what they don’t have)? In June, the House approved six radical bills meant to reign in the market power of large tech companies like Amazon, Apple, Google, Facebook and Twitter. The bills were originally co-sponsored by Rep. David Cicilline, D-Rhode Island, and Rep. K...
Tags: Google, Amazon, Congress, California, Opinion, China, America, Eu, Sport, European Union, Atlantic, Soccer, House, New York Times, Biden, American Dream

Duolingo’s bellwether IPO

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We were smaller team this week, with Natasha and Alex together with Chris to sort through yet another summer frenzy of a week. This time around we actually recorded live on Twitter Spaces, which was a first for the podcast. If you missed it, it’s probably because we didn’t promote the taping since it was just an experiment. Good news, though, is that it went well, ...
Tags: Apple, Fundings & Exits, Startups, Twitter, Europe, Tech, Eu, Venture Capital, Crypto, Bolt, Equity, Alex, Edtech, Duolingo, Clubhouse, Chris

Facebook's Kustomer Deal Set To Face EU Antitrust Investigation

Facebook's acquisition of U.S. customer service startup Kustomer is set to trigger a full-scale EU antitrust investigation next month, Reuters reported Friday, citing three people familiar with the matter. From the report: The world's largest social network, which announced the deal in November, is looking to the deal to scale up its instant messaging app WhatsApp, whose usage has soared during the COVID-19 pandemic. The European Commission will conclude its preliminary review of the deal on Aug...
Tags: Facebook, Tech, Eu, European Commission, Reuters, Kustomer, EU Antitrust Investigation

Daily Crunch: India’s most valuable startup buys US-based digital reading platform Epic for $500M

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Extra Crunch for July 21, 2021. It’s been a good day for crypto fans, with major coins seeing some recovery from recent lows. Bitcoin and ether remain depressed on a seven-day time frame, however. And the stock market is up today. What more can we ask for on a Wednesday? Well, how about a huge run of startup and tech news? We can do that! — Ale...
Tags: Google, Amazon, TC, Verizon, Lyft, Yahoo, California, India, US, America, Tech, Eu, Ford, Sydney, Miami, Tumblr

Digital audiences swell, but there may be trouble ahead

Social media user growth continues, but policy changes may impact marketers’ ability to take full advantage. Despite the rapid increases in digital adoption and use that we’ve seen since the start of the COVID-19 pandemic more than a year ago, the latest update in the Global Digital Reports series reveals that digital growth rates remain elevated as we move into the second half of 2021. Our Digital 2021 July Global Statshot Report – published in partnership with Hootsuite and We A...
Tags: Apple, Google, Amazon, Facebook, Twitter, Europe, Japan, Usa, UK, Instagram, Internet, Youtube, Mexico, China, Germany, Singapore

EU Plans To Make Bitcoin Transfers More Traceable

Proposed changes to EU law would force companies that transfer Bitcoin or other crypto-assets to collect details on the recipient and sender. From a report: The proposals would make crypto-assets more traceable, the EU Commission said, and would help stop money-laundering and the financing of terrorism. The new rules would also prohibit providing anonymous crypto-asset wallets. The proposals could take two years to become law. The Commission argued that crypto-asset transfers should be subject t...
Tags: Tech, Eu, Commission, EU Commission

Bitcoin price slides amid EU call to make transfers traceable, and rise of ‘stablecoins’

European regulator want banks to hold personal details of cryptocurrency clients, while US wants swift work to establish less volatile ‘stablecoins’Bitcoin has slipped below $30,000 as calls grew among regulators in the US, Europe and Asia for tighter checks on cryptocurrencies, and the less volatile digi-currency known as “stablecoins”.Bitcoin, the world’s largest cryptocurrency fell as much as 5% to $29,300, its lowest since 22 June, and investors said it was likely to test the $28,600 level t...
Tags: Asia, Europe, Business, Technology, US, Eu, European Union, US news, Bitcoin, Cryptocurrencies, US Europe

The Station: Aurora SPACs, a spin on the VanMoof X3 and a chat with Outdoorsy founders

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before we jump into the deals, policy moves and micromobbin’ news, I wanted to share the latest founders interview, a new series we launched this spring over at Extra Crunch. Here’s the opener to...
Tags: Transportation, Uber, New York, France, New York City, Linkedin, Tech, Tesla, Eu, Canada, Automotive, United States, Electric Vehicles, Gm, Venture Capital, European Commission

Nym gets $6M for its anonymous overlay mixnet to sell privacy as a service

Switzerland-based privacy startup Nym Technologies has raised $6 million, which is being loosely pegged as a Series A round. Earlier raises included a $2.5M seed round in 2019. The founders also took in grant money from the European Union’s Horizon 2020 research fund during an earlier R&D phase developing the network tech. The latest funding will be used to continue commercial development of network infrastructure which combines an old idea for obfuscating the metadata of data packets at the tra...
Tags: Apple, Microsoft, Snowden, Nsa, China, US, Tech, Eu, European Union, Tor, Switzerland, Aws, Vpn, Ed, Ethereum, Signal

How engineers fought the CAP theorem in the global war on latency

CockroachDB was intended to be a global database from the beginning. The founders of Cockroach Labs wanted to ensure that data written in one location would be viewable immediately in another location 10,000 miles away. The use case was simple, but the work needed to make it happen was herculean. The company is betting the farm that it can solve one of the largest challenges for web-scale applications. The approach it’s taking is clever, but it’s a bit complicated, particularly for the non-techn...
Tags: Startups, Hong Kong, Enterprise, Australia, Tech, Eu, SaaS, Sydney, EC, Databases, Data Management, Database, Spencer Kimball, Cockroach Labs, Relational Database, CockroachDB

Ireland must ‘swiftly’ investigate legality of Facebook-WhatsApp data-sharing, says EDPB

Facebook’s lead regulator in the European Union must “swiftly” investigate the legality of data-sharing related to a controversial WhatsApp policy update, following an order by the European Data Protection Board (EDPB). We’ve reached out to the Irish Data Protection Commission (DPC) for a response. Updated terms had been set to be imposed upon users of the Facebook-owned messaging app early this year — but in January Facebook delayed the WhatsApp terms update until May after a major privacy back...
Tags: Google, Facebook, Europe, Germany, Tech, Eu, European Union, Ireland, Italy, Hamburg, Board, Irish Times, Facebook Instagram, DPA, DPC, Italy India

EU Proposes World's First Carbon Border Tax

WindBourne writes: EU is going to put a slowly increasing carbon tax on their own goods (source paywalled; alternative source) and is now applying that tax to a limited number of imported items, with more to come. It is expected to have an initial impact on goods from China, India, and Russia, but as this expands, it will likely hit other nations. All of these nations are saying that they will protest at the WTO. While the EU is not as large of an importer as say America, this will have an impac...
Tags: Russia, America, Tech, Eu, Commission, WTO, China India, WindBourne, Reuters Importers

Google has been hit with another fine in Europe, this time for $593 million in France after failing to strike a deal with news publishers

Google has been ordered to enter fresh negotiations or face fines of more than $1 million a day. Getty Images French antitrust authorities have hit Google with a €500 million ($593 million) fine. The tech firm must negotiate a new deal with news outlets or face fines of nearly $1 million a day. A Google spokesperson told Bloomberg the company was "very disappointed" with the decision. See more stories on Insider's business page. Google has been hit with a €500 million ($593 million) ...
Tags: Apple, Google, Facebook, Europe, Technology, Australia, France, US, Trends, Eu, Bloomberg, Regulation, Canada, Antitrust, Silva, Tech Insider

Google fined $592M in France for breaching antitrust order to negotiate copyright fees for news snippets

France has hit Google with a fine of half a billion euros after finding major breaches in how it negotiated with publishers to remunerate them for reuse of their content — as is required under a pan-EU reform of digital copyright law which extended neighbouring rights to news snippets. The size of the fine is notable as it’s over half of the entire $1BN news licensing pot that Google announced last October — when it said it would be paying news publishers “to create and curate high-quality conte...
Tags: Google, Facebook, Europe, UK, Media, Australia, France, Tech, Eu, European Union, Antitrust, Competition And Markets Authority, Copyright Law, Le Monde, Authority, Reuters

Google To Fight EU Antitrust Fine at Court Hearing From September 27

Alphabet unit Google will seek to overturn a record 4.34-billion-euro ($5.15 billion) EU antitrust fine at a five-day hearing in September at Europe's second-highest court, Reuters reported Monday, citing people familiar with the matter said. From the report: The European Commission in its 2018 decision said Google had used its popular Android mobile operating system to thwart rivals, an anti-competitive practice dating from 2011. Android, used by device makers for free, is found on about 80% of...
Tags: Google, Europe, Tech, Eu, European Commission, Alphabet, Reuters, EU Antitrust Fine

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