Plus: Google ordered to pay nearly $2 billion to Klarna in an antitrust case. And Binance’s European users can no longer buy crypto on the exchange. Imani Moise hosts.
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[00:00:28] [SPEAKER_00] Here's your Morning TNB Tech Minute for Wednesday, July 1st. I'm Imani Moise for The Wall Street Journal. The Trump Administration and Anthropic have reached an agreement to restore access to the company's Fable AI Model after a two-and-a-half-week shutdown. Commerce Secretary Howard Lutnik announced in a social media post that Anthropic will address vulnerabilities that allowed researchers to bypass safety measures on the model, which is capable of carrying out cyberattacks.
[00:00:54] [SPEAKER_00] The company said it implemented guardrails to address the government's concerns, but added that making a jail-proof model was, quote, probably impossible. A Swedish court ordered Alphabet's Google to pay Klarna nearly $2 billion in damages after the Buy Now, Pay Later provider won an antitrust case. Klarna's price comparison unit, Price Runner, sued Google in 2022, alleging Google was giving preferential treatment to its own price comparison service and search results.
[00:01:22] [SPEAKER_00] Google said it didn't agree with the court's decision and was considering legal options. The search giant said it made changes to shopping ads in 2017 that have generated growth for comparison shopping services operating throughout Europe. And European users of Binance are being cut off from the world's largest crypto exchange after the company failed to obtain a license under the bloc's new crypto regulations. Binance supplied for a license in Greece that would have allowed it to offer its services across the European Union.
[00:01:50] [SPEAKER_00] But people familiar with the matter say a key regulator advised national officials to block the company's application, citing its history of financial crime violations. Binance said its application was compliant and that it would now pursue a license somewhere else in the EU. In the meantime, European customers can now only sell holdings and withdraw funds. That's your TNB Tech Minute. We'll be back this afternoon with more.
[00:02:15] [SPEAKER_01] Office workers can lose a full workday every week just looking for information. Nurses can spend nearly 40% of their time charting. Sales reps can spend 70% of their week not selling. Gemini Enterprise makes work less work. AI that understands your business with agents that can actually help get stuff done. Work is less work. Work is less work. With Gemini Enterprise from Google Cloud. Good morning on his latest old website we had not always done.
[00:02:39] Bye bye.