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Big Tech and the digital economy
President Donald Trump has issued a proclamation labeling imported factory robots as a national security risk, citing an investigation by the Department of Commerce. The directive initiates negotiations with trading partners to adjust imports within 180 days, warning of potential tariffs if no agreements are reached.
Big Tech and the digital economy
Shares of Google parent company Alphabet plummeted by double digits, wiping out approximately $500 billion in market value after the tech giant reported a 25% drop in net profit to $26.2 billion. While revenue climbed to $127.6 billion driven by a surge in Google Cloud, advertising growth slowed and heavy capital expenditures on artificial intelligence left the company with a cash gap.
Big Tech and the digital economy
Internal meeting minutes obtained through US litigation show that Meta employees discussed a covert campaign aimed at undermining the credibility of social psychologist Jonathan Haidt, whose research has influenced global calls for stricter social media regulations.
Big Tech and the digital economy
Security researchers have identified a critical breach in the Claude Code extension for the Cursor editor, where attackers injected malware into version 2.1.313. The compromised update automatically installed an SSH backdoor on millions of developer systems across Windows, Linux, and macOS, potentially linking to recent high-profile crypto exchange hacks.