Business
Linda Yaccarino has been appointed as the chief executive of Twitter by Elon Musk, five months after he announced he would step down from the role. Musk took over the company in October 2022 and Yaccarino joins from NBCUniversal, where she was responsible for advertising. Musk stated that Yaccarino will focus on day-to-day operations while he concentrates on product development, with the aim of transforming the platform into X, the everything app.
Sam Altman, the chief executive of OpenAI, the company behind the ChatGPT chatbot, has called for tighter regulation of rapidly developing generative artificial intelligence, such as by forcing disclosure on images that have been generated by AI. Altman told American senators that “if this technology goes wrong, it can go quite wrong”, pointing to the near-term potential for its use in the 2024 elections. Some senators did wonder whether regulating AI now would solidify power among companies that dominate the market.
The Federal Trade Commission in the US has filed a lawsuit to block the $28bn takeover of Horizon Therapeutics by Amgen. This is the FTC’s first challenge to a drugs merger in recent memory. It said consolidation in the industry was “rampant”, and that its suit is a signal that it won’t tolerate mergers that entrench monopolies. Separately, the EU has cleared Microsoft’s takeover of Activision, in contrast to America and Britain, where antitrust regulators want to block the deal.
2023-05-18 07:47:35
Original from www.economist.com
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