"Meta is facing renewed scrutiny over platform integrity, after revealing China-linked actors account for roughly a quarter of global scam and prohibited ad activity. The company says it has expanded its anti-fraud remit beyond earlier China-focused monitoring, establishing a dedicated unit to combat bogus health pitches and investment schemes that have cost consumers millions. Amazon is placing a long-term bet on the next digital superpower, pledging more than USD$35bn (£25.9bn) for India's cloud and AI sectors by 2030."
"Amazon is reportedly in advanced talks to invest over USD$10bn (£7.5bn) in OpenAI, a deal that could push OpenAI's valuation beyond USD$500bn (£370bn). Meanwhile, generative AI is becoming a seasonal staple. Research from Generation Media and Giraffe Insights shows 22% of UK parents now turn to AI platforms to source Christmas gift ideas, elevating AI to the fourth most common inspiration channel for festive shopping."
DoorDash partnered with OpenAI to enable grocery ordering through ChatGPT. WBD's board rejected Paramount's acquisition offer and the FTC opened a probe into Instacart's Eversight dynamic pricing algorithm. Meta reported China-linked actors account for roughly a quarter of global scam and prohibited ad activity and created a dedicated anti-fraud unit to tackle bogus health and investment schemes. Amazon pledged over USD 35bn to India's cloud and AI sectors by 2030 and is reportedly in advanced talks to invest more than USD 10bn in OpenAI. Generative AI use rose, with 22% of UK parents using AI for Christmas gift ideas. The USTR accused EU digital enforcement of discriminating against US firms, and Reddit challenged Australia's under-16s social media access ban in court.
Read at Exchangewire
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