Latest news with #techcompanies
Yahoo
12 hours ago
- Business
- Yahoo
BBC threatens legal action against AI start-up Perplexity over content scraping, FT reports
(Reuters) -UK broadcaster BBC is threatening legal action against AI search engine Perplexity, as it seeks to crack down on tech companies scraping its vast content archives to train artificial intelligence models, the Financial Times reported on Friday. Reuters could not immediately verify the report. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
12 hours ago
- Business
- Reuters
BBC threatens legal action against AI start-up Perplexity over content scraping, FT reports
June 20 (Reuters) - UK broadcaster BBC is threatening legal action against AI search engine Perplexity, as it seeks to crack down on tech companies scraping its vast content archives to train artificial intelligence models, the Financial Times reported on Friday. Reuters could not immediately verify the report.
CTV News
2 days ago
- Business
- CTV News
Calls mount for pause on Canada's digital services tax targeting tech giants
Minister of Finance and National Revenue François-Philippe Champagne speaks to reporters ahead of a cabinet meeting on Parliament Hill in Ottawa, on Tuesday, June 10, 2025. THE CANADIAN PRESS/Spencer Colby OTTAWA — Ottawa is under pressure to pause digital services tax legislation that directs large tech companies to make a big retroactive payment by June 30. Canadian and U.S. business groups, organizations representing U.S. tech giants and American members of Congress have signed letters calling for the tax to be eliminated or paused. The Canadian Chamber of Commerce and other organizations say retaliatory measures in a U.S. spending and tax bill could hit Canadians' pension funds and investments. The tax is set to come into effect just weeks before a deadline Canada and the U.S. have set for coming up with a new trade deal. The tax, which will hit companies like Amazon, Google, Meta, Uber and Airbnb, imposes a three-per-cent levy on revenue from Canadian users. It's expected to bring in an estimated $7.2 billion over five years and the first payment is retroactive to 2022. --- Anja Karadeglija, The Canadian Press This report by The Canadian Press was first published June 18, 2025.
Yahoo
2 days ago
- Business
- Yahoo
Calls mount for pause on Canada's digital services tax targeting tech giants
OTTAWA — Ottawa is under pressure to pause digital services tax legislation that directs large tech companies to make a big retroactive payment by June 30. Canadian and U.S. business groups, organizations representing U.S. tech giants and American members of Congress have signed letters calling for the tax to be eliminated or paused. The Canadian Chamber of Commerce and other organizations say retaliatory measures in a U.S. spending and tax bill could hit Canadians' pension funds and investments. The tax is set to come into effect just weeks before a deadline Canada and the U.S. have set for coming up with a new trade deal. The tax, which will hit companies like Amazon, Google, Meta, Uber and Airbnb, imposes a three-per-cent levy on revenue from Canadian users. It's expected to bring in an estimated $7.2 billion over five years and the first payment is retroactive to 2022. This report by The Canadian Press was first published June 18, 2025. Anja Karadeglija, The Canadian Press Sign in to access your portfolio
Wall Street Journal
12-06-2025
- Business
- Wall Street Journal
Chime Financial Is the Latest IPO to Soar in Debut
Chime Financial's CHYM 37.44%increase; green up pointing triangle stock jumped in its stock-market debut Thursday, the latest sign the U.S. initial public offering market is awakening. Shares of the financial technology company jumped nearly 50% from their IPO price of $27 in trading Thursday. The stock recently traded at around $40, giving the company a nearly $15 billion market capitalization.
