AliExpress fined $629 million by EU for failing to curb illegal product sales

·4 views

The European Commission has fined AliExpress €550 million (approximately $629 million) for breaching the Digital Services Act (DSA). The platform was found to have failed to prevent the sale of illegal, unsafe, and counterfeit goods, including dangerous toys and cosmetics. Regulators noted that AliExpress allocated insufficient staff to verify products and took multiple weeks to remove flagged unsafe items. The fine is more than double the penalty previously imposed on rival platform Temu for similar DSA violations.

Read the full story at The Verge

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Anthropic's $1.5B Copyright Settlement Receives Final Court Approval

Anthropic has received final approval for a landmark $1.5 billion copyright settlement, closing out one significant legal dispute. The case centered on the use of copyrighted works in training artificial intelligence models. While the settlement marks a major resolution, it does not establish a definitive legal standard for the broader industry practice of using copyrighted material in AI training. The underlying question of whether such use is legally permissible remains unresolved across the AI sector.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

Colossal Biosciences seeks funding at up to $30B valuation, tripling prior worth

De-extinction startup Colossal Biosciences is reportedly in talks to raise a new round of capital. The company is targeting a valuation between $20 billion and $30 billion. If achieved, this would represent roughly double to triple its previous valuation. The fundraising discussions signal growing investor interest in the biotech firm's work on reviving extinct species.

0 comments Read more at TechCrunch

TechnologyBBC Tech ·

Companies blend traditional craftsmanship with tech skills in apprentice training

Businesses are increasingly required to balance modern technology with traditional hands-on skills when developing their young workforce. Apprentices and trainees are being taught both digital tools and age-old craft techniques as part of their professional development. Firms recognize that neither set of skills alone is sufficient to meet the demands of today's industries. This dual approach to training reflects a broader trend of integrating heritage expertise with cutting-edge innovation in the workplace.

0 comments Read more at BBC Tech

TechnologyTechCrunch ·

Trump's AI Standards Center Director Resigns, Adding to Leadership Instability

The director position at the Center for AI Standards and Innovation (CAISI) has seen yet another resignation, continuing a pattern of leadership turnover. The departure follows David Sacks stepping down from his role as the administration's AI czar. The CAISI directorship has effectively become a revolving door, with multiple officials exiting the post in quick succession. The repeated leadership changes raise concerns about continuity and stability in the United States' AI policy and standards efforts.

0 comments Read more at TechCrunch