Plus, Some Fortune 500 companies cite artificial intelligence regulation as a risk. And Mark Zuckerberg says White House was “wrong” to pressure Facebook on Covid content. Zoe Thomas hosts.
Learn more about your ad choices. Visit megaphone.fm/adchoices
[00:00:00] [SPEAKER_01]: OCI is the single platform for your infrastructure, database, application development and AI needs.
[00:00:06] [SPEAKER_01]: Do more and spend less like Uber, 8x8 and Databricks Mosaic.
[00:00:11] [SPEAKER_01]: Take a free test drive of OCI at oracle.com slash wall street.
[00:00:17] [SPEAKER_00]: Here's your TNB Tech Minute for Tuesday, August 27th.
[00:00:21] [SPEAKER_00]: I'm Zoe Thomas for The Wall Street Journal.
[00:00:23] [SPEAKER_00]: Walmart says third-party sellers will soon be able to use its warehousing, delivery
[00:00:28] [SPEAKER_00]: and return services to fill orders placed on platforms that aren't Walmart's website.
[00:00:34] [SPEAKER_00]: These include Target, Etsy and Amazon.
[00:00:37] [SPEAKER_00]: The company also says it will start offering to handle imports on behalf of merchants from
[00:00:42] [SPEAKER_00]: ports of origin in Asia to Walmart's U.S. distribution centers.
[00:00:47] [SPEAKER_00]: The new services are set to launch next month.
[00:00:50] [SPEAKER_00]: They step up competition with Amazon which offers its own fulfillment services.
[00:00:55] [SPEAKER_00]: Roughly 27 percent of Fortune 500 companies cited artificial intelligence regulation as a
[00:01:01] [SPEAKER_00]: risk in recent securities filings.
[00:01:04] [SPEAKER_00]: That figure comes from a recent analysis by Arise AI, a startup building a platform for monitoring AI models.
[00:01:12] [SPEAKER_00]: The concerns reflect the uneven regulatory environment around AI.
[00:01:16] [SPEAKER_00]: The European Union passed comprehensive legislation called the AI Act.
[00:01:20] [SPEAKER_00]: In the U.S., there is a hodgepodge of state initiatives in development
[00:01:24] [SPEAKER_00]: while the federal government hasn't yet passed rules.
[00:01:28] [SPEAKER_00]: And Mark Zuckerberg says pressure from the Biden administration on Facebook to censor
[00:01:33] [SPEAKER_00]: content in 2021 related to the coronavirus pandemic was wrong.
[00:01:38] [SPEAKER_00]: The CEO of Metta, the parent of Facebook and Instagram, vowed the company would
[00:01:42] [SPEAKER_00]: push back if something like this happens again.
[00:01:45] [SPEAKER_00]: Zuckerberg made the comments in a letter to House Judiciary Committee Chairman Jim Jordan.
[00:01:50] [SPEAKER_00]: Zuckerberg, who along with his wife donated more than $400 million to nonprofits to fund
[00:01:55] [SPEAKER_00]: local elections in 2020, also said he didn't plan to repeat those efforts.
[00:02:00] [SPEAKER_00]: A Metta spokesman said the letter speaks for itself.
[00:02:03] [SPEAKER_00]: A White House spokeswoman said the administration encouraged responsible
[00:02:06] [SPEAKER_00]: actions to protect public health and safety during the pandemic.
[00:02:10] [SPEAKER_00]: For a deeper dive into what's happening in tech, check out Wednesdays,
[00:02:14] [SPEAKER_00]: Tech News Briefing podcast.
[00:02:16] [SPEAKER_01]: AI may be the most important new computer technology ever, but AI needs a lot of
[00:02:21] [SPEAKER_01]: processing speed and that gets expensive fast.
[00:02:23] [SPEAKER_01]: Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure or OCI.
[00:02:28] [SPEAKER_01]: OCI is the single platform for your infrastructure, database,
[00:02:32] [SPEAKER_01]: application development and AI needs.
[00:02:34] [SPEAKER_01]: Do more and spend less like Uber, 8x8 and Databricks Mosaic.
[00:02:38] [SPEAKER_01]: Take a free test drive of OCI at oracle.com slash wall street oracle.com slash wall street.