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Apple plans to shift the assembly of all US-sold iPhones to India as soon as next year, according to people familiar with the matter, as President Donald Trump’s trade war forces the tech giant to pivot away from China, The Financial Times reported. The push builds on Apple’s strategy to diversify its supply chain but goes further and faster than
The White House said on Wednesday that fines on Apple and Meta Platforms by the European Union were a “novel form of economic extortion” that the United States will not tolerate, Reuters reported. Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as EU antitrust regulators handed out the first sanctions under landmark legislation
The European Commission fined Apple and Meta Platforms hundreds of millions of dollars and ordered the companies to comply with the bloc’s tech rules in a move that risks ratcheting up tensions with the Trump administration as officials pursue trade talks, The Wall Street Journal reported. The European Commission, the EU’s executive body, on Wednesday slapped Apple with a 500
Testimony this week from Google’s antitrust trial shows that Google gives Samsung an “enormous sum of money” each month to preinstall the Gemini AI app on Samsung devices, reported Bloomberg, The Verge reported. Now that Judge Amit Mehta has ruled Google’s search engine is an illegal monopoly, its lawyers are sparring with the DOJ over how severe a potential penalty
Meta is expanding how it uses AI to detect teens on Instagram — and, in some cases, will begin overriding account settings, The Verge reported. Instagram announced it was using AI for age detection in 2024: the system looked for signals that users were under 18 years old, like if messages from friends say “happy 16th birthday,” for example. Meta
A Coinbase spokeswoman told Cointelegraph that “Base did not launch a token” after the blockchain’s X account was slammed for sharing a tokenized, tradable social post, Cointeligraph reported. Crypto exchange Coinbase distanced its blockchain network Base from a memecoin it shared that saw massive backlash after the token rapidly gained, then dropped in value by millions of dollars. Base posted
The European Union recently delayed penalizing Apple and Meta Platforms, temporarily avoiding a conflict with the Trump administration during a week that saw the bloc ramp up its push for a trade deal with the U.S. , The Wall Street Journal reported. The European Commission, the EU’s executive body, had initially planned to announce a cease-and-desist orders targeting the tech