• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
NewslettersData Sheet

AI’s regulatory troubles pile up as U.S. prepares antitrust probes and activists target Meta over privacy

By
David Meyer
David Meyer
Down Arrow Button Icon
By
David Meyer
David Meyer
Down Arrow Button Icon
June 6, 2024, 11:15 AM ET
Jonathan Kanter, Assistant Attorney General for the Department of Justice Antitrust Division
Jonathan Kanter, Assistant Attorney General for the Department of Justice Antitrust Division, speaks as U.S. Attorney General Merrick Garland listens, during a news conference at the Department of Justice Building on May 23, 2024 in Washington, D.C. Kent Nishimura—Getty Images
Add Fortune on Google for similar content.

Earlier this week I asked you all what you thought about foldable phones—a category that seems to be taking off—and I got some great answers that I’m publishing below. But first, the weather: Storm clouds are gathering on the regulatory front for the AI industry.

Recommended Video

In the U.S., antitrust is the issue. According to the New York Times, the Federal Trade Commission and Justice Department have struck a deal to open investigations into the biggest AI players. The DOJ will probe how Nvidia has come to thoroughly own the AI chip market, while the FTC will look into OpenAI and its maybe-BFF Microsoft, which has invested $13 billion into OpenAI in exchange for a cut of its profits (at least, until OpenAI produces superhuman “artificial general intelligence.”)

“One of the things to think through is conflict of interest, a thumb on the scale, because [chipmakers] fear enabling a competitor or are helping to prop up a customer,” DOJ antitrust chief Jonathan Kanter told the Financial Times.

In Europe, privacy is the biggest thing today (though regulators are also examining antitrust issues in AI.) As I reported in April, Max Schrems, the Austrian activist-lawyer who has had huge success tackling Meta/Facebook over its assorted privacy violations, has turned his attention to AI. In that case, Schrems’s privacy nonprofit Noyb filed an official complaint against OpenAI, claiming ChatGPT’s hallucinations violate the EU General Data Protection Regulation by handing out incorrect information about people. Now he’s going after his usual target.

Meta recently changed its European privacy policy to let the company use people’s public personal posts and media, and data from other online sources, for an unspecified “AI technology” that can share data with third parties. Noyb says this breaks the GDPR in multiple ways—people can only opt out from having this done, rather than being given the chance to give proper consent with an opt-in; and there’s no clear way for them to have the data deleted once it’s in the system; and it’s illegal to not clearly specify what will happen with the data.

Schrems: “Meta is basically saying that it can use ‘any data from any source for any purpose and make it available to anyone in the world’, as long as it’s done via ‘AI technology.’ This is clearly the opposite of GDPR compliance.” Asked for comment, a Meta spokesperson referred me to the blog post the company published when it announced the change to its privacy policy; the post claims that Meta’s AI expansion is done “in a responsible way that complies with privacy rules.”

Remember, Schrems has already destroyed two U.S.-EU deals that let American firms process Europeans’ personal data, and recently put an end to Meta’s attempt to charge European users for the privilege of not being tracked online. Remember too that the GDPR’s fines run up to 4% of global annual revenue—a much bigger deal for Meta than for OpenAI.

And now, phones.

A bunch of you are very much interested in trying a foldable smartphone. “If a smaller folded phone would fit better in my pockets, especially in my running shorts, then I’d be very interested,” said TP, while LN is waiting for the next version of Google’s Pixel Fold: “I really like a lot of the features on Pixels, so if I could get all those features plus have a foldable, I’d be willing to spend a fair amount.”

AG and his son both have Motorola Razr folding phones: “The cameras aren’t the best, but the phones work great, and they fit in my pockets easily and don’t bind if, say, I’m wearing jeans and take a high step up. Also, they have a non-slip coating on the outside making it easier to hold onto, so I don’t need to get a case for it.”

However, AS’s experiences with two Samsung Galaxy Flips mean he will not get another smartphone of this type: “The first one fell with a case, and the screen started delaminating from the fold outwards. Verizon replaced it with a new one. So far so good…The phone feels very sensitive to dropping i.e. if you drop it, you will most likely do irreparable damage to the screen. At least, that has been my experience, and this is now my fear. So, I ended up with a sturdy case. This makes the phone thick and heavy.”

“To do anything, you have to unfold it, so what’s the point of having it folded?” AS continued. “It’s almost like the worst of both worlds: folded it is unpractically thick and functionally useless…and unfolded, it’s just like any other phone.”

Thanks for the feedback! More news below.

David Meyer

Want to send thoughts or suggestions to Data Sheet? Drop a line here.

NEWSWORTHY

Amazon robotaxis. Amazon is nearly ready to launch a public taxi service in Las Vegas using its Zoox autonomous vehicles, Bloomberg reports. Waymo may already be offering commercial services of this kind, but this would be the first such deployment involving purpose-built robotaxis, rather than normal cars that have been retrofitted with sensors and software to make them capable of the task.

Google privacy boost. As of later this year, Google Maps will no longer store your location history in the cloud, tying the list of your visited locations to your phone instead of your Google account. This is explicitly a pro-privacy move, but, as The Verge reports, it also means you won’t be able to access your Google Maps Timeline (which lets you revisit the routes you’ve taken) via the web, once the change happens in December.

Bluesky meets Mastodon. Bluesky and Mastodon, two of the significant alternatives for those fleeing X, are both decentralized—but they use different protocols, so there’s been no easy cross-platform posting like there is with Threads and Mastodon, which both use the ActivityPub protocol. Until now, that is. As TechCrunch reports, software developer Ryan Barrett has released a new opt-in technology called Bridgy Fed that allows people on Bluesky (which uses the AT Protocol) and Mastodon to talk to one another.

ON OUR FEED

“Let’s go, Calypso! Take us to space and back.”

—NASA astronaut Sunita “Suni” Williams radios to mission control just before yesterday’s successful lift-off of the Boeing Starliner’s first manned mission, following seven years of delays. Williams and fellow astronaut Butch Wilmore are docking today at the International Space Station. Their capsule is called Calypso, but Williams may also have been referencing a classic Mamie Van Doren track.

IN CASE YOU MISSED IT

Soaring Nvidia briefly beats Apple’s $3 trillion valuation as it sets Wall Street barreling toward records, by the Associated Press

Microsoft’s chief scientist: Step aside, prompt engineers—AI will start prompting you instead, by Jaime Teevan (Commentary)

Why this chief technology officer put his retirement on hold when Intel’s CEO called with a daunting fix-it job, by John Kell

Fake AI-generated Biden robocalls creator makes first court appearance: ‘Maybe I’m a villain today, but I think in the end we get a better country’, by the Associated Press

How should kids use TikTok, Instagram and Snapchat? Between an outright ban or allowing free reign, parents are choosing slow, deliberate onboarding, by the Associated Press

BEFORE YOU GO

Humane fire risk. One doesn’t want to kick the Humane AI Pin when it’s down, but here’s some more bad news for the beleaguered wearable AI-assistant device that shipped earlier this year, earning dreadful reviews. Humane, which is reportedly trying to find a buyer, has now had to warn its customers not to use the gizmo’s charging case—an optional $149 add-on—because it might catch fire. As Engadget reports, Humane is (pardon) pinning the blame on a third-party vendor whose battery cells “may pose a fire safety risk,” and offering customers two free months’ worth of subscription to the Humane AI Pin service.

This is the web version of Fortune Tech, a daily newsletter breaking down the biggest players and stories shaping the future. Sign up to get it delivered free to your inbox.
About the Author
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Newsletters

Palantir CEO Alex Karp with his arms outstretched while making a point on stage.
NewslettersEye on AI
Palantir CEO Alex Karp is wrong about the threat Anthropic and OpenAI pose to most enterprises. That doesn’t mean he doesn’t have something to lose
By Jeremy KahnJuly 7, 2026
13 hours ago
Xbox CEO Asha Sharma at Fortune Brainstorm Tech 2026 in Aspen, Colo. (Photo: Stuart Isett/Fortune)
NewslettersMPW Daily
How Microsoft’s new Xbox chief is resetting one of the company’s most iconic brands
By Emma HinchliffeJuly 7, 2026
16 hours ago
Xbox CEO Asha Sharma at Fortune Brainstorm Tech 2026 in Aspen, Colo. (Photo: Stuart Isett/Fortune)
NewslettersFortune Tech
Microsoft’s Xbox will cut 3,200 jobs and divest five studios
By Andrew NuscaJuly 7, 2026
20 hours ago
OPEC+ to pump more oil as market fears shift from shortage to glut 
NewslettersFortune Gulf Brief
OPEC+ to pump more oil as market fears shift from shortage to glut 
By Melissa HancockJuly 7, 2026
21 hours ago
World Cup fever is real. This CEO is betting it’s not fleeting
NewslettersCEO Daily
World Cup fever is real. This CEO is betting it’s not fleeting
By Diane BradyJuly 7, 2026
22 hours ago
Taylor Swift’s wedding proves her biggest economic force is still her fans
NewslettersMPW Daily
Taylor Swift’s wedding proves her biggest economic force is still her fans
By Emma HinchliffeJuly 6, 2026
2 days ago

Most Popular

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
2 days ago
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
3 days ago
China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
Asia
China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
By Nicholas GordonJuly 7, 2026
1 day ago
Current price of oil as of July 7, 2026
Personal Finance
Current price of oil as of July 7, 2026
By Joseph HostetlerJuly 7, 2026
18 hours ago
Despite a $220 million net worth, Rafael Nadal says he won't retire because he hates waking up to no plans—so he's opened a chain of hotels instead
Success
Despite a $220 million net worth, Rafael Nadal says he won't retire because he hates waking up to no plans—so he's opened a chain of hotels instead
By Orianna Rosa RoyleJuly 7, 2026
1 day ago
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.