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Cristiano Ronaldo faces $1bn lawsuit after launching NFT collection | Science & Tech News
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Cristiano Ronaldo has been hit with a $1bn (£791m) class action lawsuit for his involvement in promoting non-fungible tokens. The Portuguese footballing legend had launched his own collection of NFTs through Binance, the world’s largest crypto exchange, in the run-up to last year’s World Cup. NFTs are a form of digital art with varying levels…
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Amazon and Microsoft’s dominance in UK cloud sector faces investigation | Business News
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The competition regulator is to investigate the dominance of Amazon and Microsoft in the UK’s cloud market. It follows a study by the telecoms watchdog Ofcom which “identified features that make it more difficult for UK businesses to switch and use multiple cloud suppliers”. Ofcom added: “We are particularly concerned about the position of the…
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AI market faces investigation by UK competition regulator | Business News
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A review of the artificial intelligence (AI) market has been launched by the UK competition watchdog. Competition and Markets Authority (CMA) chief executive Sarah Cardell said the regulator’s goal was “to help this new, rapidly scaling technology develop in ways that ensure open, competitive markets and effective consumer protection.” The probe would include the models behind…
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Elon Musk warned he faces EU sanctions after booting journalists off Twitter | Science & Tech News
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Elon Musk has been warned he could face EU sanctions “soon” after several prominent journalists were banned from Twitter. In a sudden purge which appeared to make a mockery of Musk‘s self-proclaimed free speech absolutism, the billionaire suggested that the reporters had been booted off for sharing personal information about him. European Commissioner Vera Jourova…
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Mark Zuckerberg faces a long and painful road to metaverse success | Science & Tech News
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“An absolute train wreck.” “One big gamble.” “A long and painful road.” Just some of the recent glowing endorsements of Mark Zuckerberg’s pursuit of metaverse glory – but none which appear to have deterred him. The Facebook founder is taking an all-in approach to his vision of tomorrow, wholly convinced that in the not too…
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Amazon faces £900m lawsuit in UK over use of ‘secretive and self-favouring algorithm’ | Business News
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Amazon is facing a $1bn (£889m) lawsuit in the UK over claims it abused its dominant position by favouring its own products. The case is being brought by consumer rights advocate Julie Hunter, and her lawyers said it centres on “a secretive and self-favouring algorithm” used by the tech giant to promote its own products…
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Russia running out of weapons as it faces ‘staggering’ numbers of casualties, spy chief says | World News
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Russia is running out of weapons for its war in Ukraine and the costs to the Kremlin are “staggering” in terms of soldiers killed and equipment lost, a UK spy chief will say. Sir Jeremy Fleming, the head of GCHQ, will use a rare, public speech on Tuesday to say the Ukrainian armed forces are…