Kent Nutt, Author at Activate World

States to launch antitrust probe of Big Tech

At least 20 states are preparing a joint antitrust investigation of big technology companies and will add to the scrutiny of the federal investigation already underway. The new investigation involving state attorneys general is expected to be formally launched as soon as next month.  The regulators’ focus is likely to be on Google, Facebook, Amazon, and…

Perspiration and politics

Stephen Ross, majority owner of The Related Companies, which owns the fitness chains SoulCycle and Equinox, hosted a fundraiser for Donald Trump’s reelection campaign in the Hamptons this past weekend. This news caused a Twitter firestorm with many celebrities canceling their memberships and some calling for boycotts on Ross’s other interests including the Mami Dolphins…

Too few business leaders call out Trump’s racism

Companies are weighing how to respond to President Trump’s racist comments on a wide range of issues. Business leaders are reluctant to denounce an elected official by name, but many believe it’s their responsibility to speak out against such unacceptable behavior. So far, only a few business leaders have confronted the president on racism with…

Big tech faces EU’s antitrust scrutiny

Washington is talking about antitrust regulation for big tech while Europe takes action.  European Union (EU) regulators have recently announced a number of actions against US tech companies, beginning with an investigation last month into chipmaker Broadcom over whether it uses exclusivity agreements to undermine competitors. Margrethe Vestager, the top EU antitrust official, said Amazon will be examined for possibly abusing…

Facial recognition technologies and racial bias

The use of facial recognition by law enforcement to identify suspects raises concerns because of high inaccuracy rates and striking racial disparities in how the algorithms can correctly identify people. For example, the darker the skin, the higher the incidence of errors – up to nearly 35 percent for images of darker-skinned women, according to a study…

Amazon will retrain a third of its U.S. workforce by 2025

Amazon says it will spend $700 million to retrain 100,00 of its U.S. employees by 2025 as automation transforms the workplace and competition intensifies to recruit talent. Companies such as AT&T, Walmart, JPMorgan Chase and Company, and Accenture are also pursuing programs that prepare their workers for rapid digital transformation requiring high tech job skills. These…

Socially responsible investing hits the mainstream

For the first half of 2019, U.S. funds targeted toward environmental, social, and governance (ESG) factors attracted a net $8.4 billion, according to data from Morningstar. That already exceeds the previous record of $5.4 billion collected during all of 2018. Clients have now committed $35 billion to what are known as ESG funds since 2013. Lunchtime Conversations:…