Lawsuits, fines and the tech at the heart of it all
Marketplace Tech
Marketplace
4.5 • 1.3K Ratings
🗓️ 22 March 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
When a company pushes false claims about using artificial intelligence in its business, that’s known informally as “AI washing.” It can feel like everybody’s doing it, but the Securities and Exchange Commission is cracking down on the practice. Plus, is the government’s communication with social media companies persuasion or coercion? The Supreme Court heard arguments this week in yet another case involving online speech. But first, the Department of Justice on Thursday announced that it’s bringing antitrust charges against Apple. Marketplace’s Lily Jamali spoke with Reuters Breakingviews columnist Anita Ramaswamy about all of these stories for this week’s episode of Marketplace Tech’s Bytes: Week in Review.
Transcript
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| 0:00.0 | Marketplace's March fundraiser is ending on Friday at midnight and we still need your help to reach our goal and stay on track for this fiscal year. |
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| 0:20.0 | A is for Apple. A is also for Antitrust. From American public media, this is |
| 0:29.3 | Marketplace Tech. I'm Lily Jamale. It is known as AI washing, false claims about a company's use of AI. We know it feels |
| 0:47.9 | like everybody's doing it, but the Securities and Exchange Commission this week is |
| 0:51.6 | cracking down on the practice by finding two companies a total |
| 0:55.8 | of $400,000. We'll have more on that in this week's installment of Marketplace TechBitesites we can review. |
| 1:02.8 | Plus persuasion or coercion, |
| 1:04.8 | the Supreme Court hears arguments in yet another case |
| 1:07.5 | having to do with online speech. |
| 1:09.8 | Conservative Attorneys General say the Biden administration coerced internet platforms to take down certain content |
| 1:16.4 | We'll hear why justices might actually side with the White House on this one, but first the U. the US Department of Justice announced Thursday |
| 1:24.4 | it is bringing antitrust charges against Apple. They accused the tech giant of |
| 1:29.2 | exploiting its alleged iPhone monopoly. Reuters breaking views columnist Anita Ramaswami joined me to explain. |
| 1:36.4 | Essentially what they're alleging is that Apple has maintained an illegal monopoly over |
| 1:41.4 | the smartphone market. |
| 1:42.4 | I mean iPhones are super popular and there are a lot of |
| 1:45.4 | different components to this and they're arguing that this is causing harm for consumers, |
| 1:49.5 | higher prices. Apple has a lot of restrictive terms and it its Apple store in terms of you know what |
| 1:54.5 | third parties can do and how they can list apps. They take pretty high fees as |
| 1:58.6 | Commission for anyone listing apps and doing transactions on the App Store |
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