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#bigtech

61 posts50 participants0 posts today
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Dave Lane :flag_tino: 🇳🇿

@Oleksii @Tutanota the real problem is EU institutions still using Google (or Microsoft, or any US #BigTech) services. That should be considered negligent behaviour for any institution in the EU (and everywhere outside the US - and even within the US people should, by now, have learnt that Google's not their friend).

Replied in thread
Eric Maugendre

Alexandre Roure of the Computer & Communications Industry Association, whose members include many Big Tech groups, says the debate about blunt market access restrictions for non-EU tech companies “only distracts policymakers from the real task: finally delivering a functioning digital single market with clear, simple and practical rules”.

In private conversations, several Big Tech lobbyists and executives also express confidence in their ability to continue dominating the European market given the paucity of homegrown alternatives and the lack of urgency among many consumers.

by Barbara Moens for FT: archive.is/20250725082920/http via @Ruth_Mottram 🧵

#techSovereignty#digitalSovereignty#decoupling
Replied in thread
Giacomo Tesio
@ber@social.tchncs.de

Uh, yeah for 3 years out of 11 #FSFE got less then 10% of its whole budget from Google, while in the other 8 years they got more then 10%... but hey! At least it was less then 20%!

🤢

Yeah, #BigTech like a thing or two about #FSFE for sure!

For example you take their money, while the #FSF refuse them.
And when you get more then 10% of your budget (but less then 20%!) you are eagger to join shitstorms against other #FreeSoftware activists on demand, lobbying another indipendent organization to adapt their board's decisions to your sponsors' desires.

You are not simply "aware" of "potential" conflict of interests, you activelly sell #US BigTech unsuspectable #EU legal-lobbying as a service!

That's what @edri@eupolicy.social should be aware of: whatever legal advice you get from @fsfe@mastodon.social, they aren't going to bite the hands that feed them.
www.fsf.orgCurrent patrons — Free Software Foundation — Working together for free software
Miguel Afonso Caetano

"Since Mark Carney arrived on the political scene, he’s made AI adoption a cornerstone of his policy program, based on the view that the technology can serve as an essential tool in boosting productivity and addressing the government’s budget deficit. His federal election platform contained plans to increase funding for AI projects, create incentives for workers and businesses to adopt it, and cut “red tape” around the construction of infrastructure like data centres.

Carney’s excitement about AI isn’t new. In his 2021 book Values(s), he outlined his belief that AI, big data, and increases in computing power meant that “smarter machines are already replacing a broader range of human activities than before.” Now, when asked tough questions about government finances, military procurement, and the state of the economy, he often throws out AI as an obvious solution that doesn’t require further detail.

But there’s ample reason to be worried about the consequences of the government’s optimistic embrace of AI at any cost."

breachmedia.ca/mark-carneys-ai

#Canada#AI#BigTech
Miguel Afonso Caetano

"Alright, I’ve officially spent too much time reading Trump’s 28-page AI Action Plan, his three new AI executive orders, listening to his speech on the subject, and reading coverage of the event. I’ll put it bluntly: The vibes are bad. Worse than I expected, somehow.

Broadly speaking, the plan is that the Trump administration will help Silicon Valley put the pedal down on AI, delivering customers, data centers and power, as long as it operates in accordance with Trump’s ideological frameworks; i.e., as long as the AI is anti-woke.

More specifically, the plan aims to further deregulate the tech industry, penalize US states that pass AI laws, speed adoption of AI in the federal government and beyond, fast-track data center development, fast-track nuclear and fossil fuel power to run them, move to limit China’s influence in AI, and restrict speech in AI and the frameworks governing them by making terms like diversity, inclusion, misinformation, and climate change forbidden. There’s also a section on American workers that’s presented as protecting them from AI, but in reality seeks to give employers more power over them. It all portends a much darker future than I thought we’d see in this thing."

bloodinthemachine.com/p/trumps

Blood in the Machine · Trump's AI Action Plan is a blueprint for dystopiaBy Brian Merchant
#USA#Trump#AI
Miguel Afonso Caetano

"[I]t appears that SoftBank may not be able to — or want to — proceed with any of these initiatives other than funding OpenAI's current round, and evidence suggests that even if it intends to, SoftBank may not be able to afford investing in OpenAI further.

I believe that SoftBank and OpenAI's relationship is an elaborate ruse, one created to give SoftBank the appearance of innovation, and OpenAI the appearance of a long-term partnership with a major financial institution that, from my research, is incapable of meeting the commitments it has made.

In simpler terms, OpenAI and SoftBank are bullshitting everyone.

I can find no tangible proof that SoftBank ever intended to seriously invest money in Stargate, and have evidence from its earnings calls that suggests SoftBank has no idea — or real strategy — behind its supposed $3-billion-a-year deployment of OpenAI software.

In fact, other than the $7.5 billion that SoftBank invested earlier in the year, I don't see a single dollar actually earmarked for anything to do with OpenAI at all.

SoftBank is allegedly going to send upwards of $20 billion to OpenAI by December 31 2025, and doesn't appear to have started any of the processes necessary to do so, or shown any signs it will. This is not a good situation for anybody involved."

wheresyoured.at/softbank-opena

Ed Zitron's Where's Your Ed At · Is SoftBank Still Backing OpenAI?Earlier in the week, the Wall Street Journal reported that SoftBank and OpenAI's "$500 billion" "AI Project" was now setting a "more modest goal of building a small data center by year-end." To quote: A $500 billion effort unveiled at the White House to supercharge the U.S.’s artificial-intelligence
#AI#GenerativeAI#OpenAI
Miguel Afonso Caetano

"Consider AI Overviews, the algorithm-generated blurbs that often now appear front and centre when users ask questions. Fears that these would reduce the value of search-adjacent ads haven’t come to pass. On the contrary, Google says AI Overviews are driving 10 per cent more queries in searches where they appear and haven’t dented revenue. Paid clicks were up 4 per cent year on year, the company said in a call with analysts on Wednesday.

But as AI yields more, it costs more. Google’s capital expenditure on data centres and such trappings this year will now be about $85bn, versus its prior estimate of $75bn. That’s almost quadruple what the company spent in 2020, when AI was a glimmer in Silicon Valley’s eye. It’s also 22 per cent of the company’s expected revenue this year, according to LSEG, the highest annual level since 2006."

ft.com/content/7589393d-e562-4

www.ft.comClient Challenge
#Google#BIgTech#SiliconValley
Replied in thread
nieebel

@SceNtriC @WildaSoftware @maciek33 I don't like #ETFs like MSCI All Country World Index. It consists of 60% #USA, 30% #bigTech and 21% only 4 companies: #amazon, #apple, #meta, #microsoft

This means, if you buy MSCI ACWI, you make #JeffBezos richer. He doesn't work like normal person from a salary but instead makes money by selling his #Amazon shares. Every single investment of 1€ increases the value of Amazon by 4€.

One of the big problems of most ETFs is the distribution by market capitalization. This favours big stocks and monopoles. Additionally, due to the passive nature of ETFs this increases volatility and makes bubbles bigger and more likely to happen #AIbubble
Another thing to mention is the ETF provider is using the voting right at the stockholders' meeting. This gives companies like #blackrock huge power.
See also homemadefinance.de/etf-nachtei

[1/2]

Homemade Finance11 ETF-Nachteile die du kennen musst (Wichtig!)<p>ETF-Nachteile? Quatsch, die Dinger sind das perfekte finanzielle Allheilmittel für jeden Anleger! Punkt. Wenn man durch die gängigen Finanzblogs im Internet streift, dann drängt sich sehr schnell der Eindruck auf, ETF wären so etwas wie eine Wunderwaffe an der Börse. Auch ich muss mich dahingehend als schuldig bekennen, denn auch ich feiere die börsengehandelten Indexfonds hier auf Homemade Finance sehr. Und das aus gutem Grund: ETF haben die Börse revolutioniert und fairer gemacht. Denn jetzt können auch kleine Anleger exzellent diversifizierte Portfolios für wenig Geld halten und damit besser abschneiden als traditionelle Fonds. Dies war aufgrund von Transaktionskosten und Gebühren </p>
#ETFsAreNotSustainable#GAFAM#taxTheRich
Asta McCarthy

Politieke partijen zouden natuurlijk zelf tot het inzicht moeten komen dat je met advertenties op anti-democratische platformen zoals Meta en Google de democratie omzeep helpt. Nu stoppen deze platformen er zelf mee vanwege EU-regelgeving. Slim ontworpen regels als dat het gevolg is :blobgrin:
nrc.nl/nieuws/2025/07/25/vanaf

De 'campus' van Meta in het Ierse Ballsbridge.
NRC · Vanaf oktober al geen politieke advertenties meer op Meta-platformsBy Bobby Uilen
#democratie#BigTech#Google
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