Twitter Cannot Hide from EU Rules after Exit from Code, Breton Says

FILED - 26 April 2022, Bavaria, Kempten: The logo of Twitter is seen on the display of a laptop. Photo: Karl-Josef Hildenbrand/Deutsche Presse-Agentur GmbH/dpa
FILED - 26 April 2022, Bavaria, Kempten: The logo of Twitter is seen on the display of a laptop. Photo: Karl-Josef Hildenbrand/Deutsche Presse-Agentur GmbH/dpa
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Twitter Cannot Hide from EU Rules after Exit from Code, Breton Says

FILED - 26 April 2022, Bavaria, Kempten: The logo of Twitter is seen on the display of a laptop. Photo: Karl-Josef Hildenbrand/Deutsche Presse-Agentur GmbH/dpa
FILED - 26 April 2022, Bavaria, Kempten: The logo of Twitter is seen on the display of a laptop. Photo: Karl-Josef Hildenbrand/Deutsche Presse-Agentur GmbH/dpa

Twitter cannot run away from its obligations even after quitting a voluntary EU code of practice to tackle disinformation, EU industry chief Thierry Breton warned the company late on Friday.

Companies which signed up to the code are required to provide regular progress reports with data on how much advertising revenue they had averted from disinformation actors.

They also have to provide information on the number or value of political advertisements accepted or rejected and instances of manipulative behaviors detected.

"Twitter leaves EU voluntary code of practice against disinformation. But obligations remain. You can run but you can't hide," Breton said in a tweet.

"Beyond voluntary commitments, fighting disinformation will be legal obligation under DSA as of August 25. Our teams will be ready for enforcement,” Reuters quoted him as saying.

Since Twitter was acquired by billionaire Elon Musk for $44 billion last October, the company has cut thousands of jobs and made numerous changes.

The Digital Services Act (DSA) obliges Twitter, Google, Meta Platforms Inc, Microsoft Corp, Alibaba's AliExpress and five other large online platforms to do more to tackle illegal online content.

Companies face fines of as much as 6% of their global turnover for violations.

Twitter, which no longer has a public relations department, responded to an emailed request for comment with a poop emoji.



Google Adds SandboxAQ's Quantitative AI Models to Cloud Offerings

The logo of Google is seen outside Google Bay View facilities during the Made by Google event in Mountain View, California, US August 13, 2024. REUTERS/Manuel Orbegozo/File photo
The logo of Google is seen outside Google Bay View facilities during the Made by Google event in Mountain View, California, US August 13, 2024. REUTERS/Manuel Orbegozo/File photo
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Google Adds SandboxAQ's Quantitative AI Models to Cloud Offerings

The logo of Google is seen outside Google Bay View facilities during the Made by Google event in Mountain View, California, US August 13, 2024. REUTERS/Manuel Orbegozo/File photo
The logo of Google is seen outside Google Bay View facilities during the Made by Google event in Mountain View, California, US August 13, 2024. REUTERS/Manuel Orbegozo/File photo

Quantum startup SandboxAQ said its large quantitative models (LQMs) will be available on Google Cloud, the company told Reuters on Tuesday, as cloud providers look to AI tech to fuel growth.

LQMs are designed to handle large-scale numerical datasets, perform complex calculations and statistical analysis, and can be used to develop sophisticated financial models or to automate trading strategies.

The partnership will make it easier for enterprises to use Google Cloud to develop its LQMs and deploy them, allowing Sandbox, a firm spun off from Google-parent Alphabet in 2022, to expand the distribution of its platform to a larger pool of potential customers.

"More than 80% of the economy is run by math and quantitative relationships. And that's where quantitative AI really shines, and it's very complementary to language models," CEO SandboxAQ, Jack Hidary said.

This is the first time Sandbox will have its models available on a third-party platform.

The Palo Alto-based startup secured $300 million in a funding round last month, boosting its valuation to $5.6 billion and was backed by investor firms including Fred Alger Management, T. Rowe Price, and Breyer Capital.

SandboxAQ said its models are used in sectors such as life sciences, financial services and navigation.

Google has been intensifying its efforts in quantum computing and announced in December that it had made significant progress by developing a new generation of quantum chips, overcoming a major challenge in the field.

Microsoft also touted the potential of quantum computing earlier this month and unveiled its "Quantum Ready program", while Nvidia's CEO Jensen Huang said the technology's practical use was likely two decades away.