Tech Lobbying Balloons in State Legislatures
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Image © AP Photo/Hans Pennink, File
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Over the past decade, tech lobbying in states has skyrocketed as the center of gravity for regulating online platforms has shifted from Congress to state legislatures, a trend that is likely to continue as states move quickly to regulate. artificial intelligence.
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Many states don’t require full disclosure of lobbying spending, but in the 19 that do, big tech companies and trade groups have Tripling lobbying spending from at least $4.4 million in 2013. $13.4 million in 2023That’s according to an analysis conducted for Pluribus News by Open Secrets, a company that tracks U.S. political finance.
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The growth of technology lobbying is a result of tech and social media companies maturing and states The epicenter of technology policy In the face of Congress’ inaction, state lawmakers have taken the lead in recent years on data privacy, online safety for young people, social media regulation and, more recently, AI surveillance.
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welcome Tech FridayJoint projects The Hill and Pluribus News Covers technology policy across government.
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Image © Jakub Porzycki/NurPhoto via Getty Images
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Department of Justice and FTC considering antitrust investigation
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The Department of Justice and the Federal Trade Commission are launching an antitrust investigation into Microsoft, NVIDIA, and OpenAI’s roles in the artificial intelligence industry. Federal authorities have already sent out the first subpoenas. Read more at The Hill.
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Yellen warns of AI risks to financial system
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Treasury Secretary Janet Yellen has warned that artificial intelligence (AI) could pose “significant risks” to the financial system. She said the Treasury Department would formally request public information about the use of AI in the financial services sector. Read more at The Hill.
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Warner warns of threats to election
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Senate Intelligence Committee Chairman Mark Warner (D-VA) has warned that the US is more vulnerable to election interference than it was at this time four years ago. He expressed concerns about artificial intelligence and more sophisticated disinformation tactics by Russia and China. Read more at The Hill.
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YouTube to Restrict Firearms Content
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YouTube will begin restricting firearms content for its young users. The social media giant said it will restrict content that shows how to use homemade firearms or automatic rifles or remove the safety catches. Read more at The Hill.
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Spotify, the music and podcast streaming service, is increasing its monthly subscription price to $11.99, up $1 from its current rate. Spotify has an estimated 615 million users in 180 countries. Read more at The Hill.
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The Magnificent Seven performances this week
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AAPL +1%, NVDA +4.8%, MSFT +2.1%, GOOG +2.6%, TSLA -0.1%, AMZN +4.2%, META +5.4%. NASDAQ-100 Technology Sector Index: +1.1%. Nvidia overtakes Apple as the second most valuable company in the world.
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The New York State Assembly is expected to approve a bill that would ban social media companies from showing “addictive feeds” to minors who have accounts on their platforms, and a separate bill that would ban companies from collecting or selling children’s online data without their informed consent. Read more at Pluribus News.
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Connecticut to Revisit AI Bill: Sen. James Maloney (D-CT) said he will reintroduce a bill next year to regulate artificial intelligence that died last month under a veto threat. Maloney said the new bill would refocus on algorithmic discrimination. Read more Pluribus News.
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June 10: apple Worldwide Developers Conference The keynote begins at 1pm ET. Watch it here.
June 13th: of Senate Committee on Commerce, Science, and Transportation Hold a public hearing FAA Oversight The aviation industry has been thrown into turmoil following a high-profile incident at a US airport.
June 13: of House Homeland Security Committee Hold a public hearing Microsoft’s Cybersecurity Flaws and national security implications.
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SpaceX’s Starship completed its first test flight without exploding on Thursday, marking a landmark moment for Elon Musk’s company, as the spacecraft made a controlled splashdown in the Indian Ocean. Read more at The Hill.
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Another reason to take good care of your iPhone: Minor display cracks on iPhones and Apple Watches are no longer covered under Apple’s standard warranty policy. Minor cracks are classified as accidental damage, meaning you’ll have to pay for the repair if there’s no other damage. Read more at 9to5Mac.
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Everyone, you’ve caught up! see you next week.
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