Uber is expanding its gig worker ecosystem with a new initiative aimed at data labeling and AI annotation. The new division, called Scaled Solutions, provides services not only for Uber’s internal needs but also for outside clients like self-driving car company Aurora Innovation and game developer Niantic. This move highlights Uber’s effort to diversify beyond its core ride-hailing and delivery businesses.
The company has started recruiting contractors across multiple countries, including the US, Canada, and India. Scaled Solutions aims to tap into the booming demand for data annotation services, a critical component for training AI models. The initiative positions Uber in a growing market dominated by companies like Scale AI, which recently secured a $1B funding round at a $13.8B valuation.
Uber’s entry into data labeling reflects its push to stay competitive in the rapidly evolving AI world. By leveraging its gig workforce model, the company could establish a foothold in this high-demand sector while diversifying its revenue streams.
Margrethe Vestager, the European Union’s outgoing competition chief, is stepping down after a decade of high-profile confrontations with tech giants like Apple and Google. In an exit interview, she expressed regret over not being more aggressive in regulating Big Tech, acknowledging the continued dominance of major platforms despite billions in fines. She described her tenure as ‘partly successful,’ noting the slow pace of change in the tech landscape.
Vestager was instrumental in shaping the EU’s regulatory framework, pushing for initiatives like the Digital Markets Act (DMA) to curb monopolistic behaviour. However, she conceded that the full impact of these measures may take years to be felt. She emphasised the importance of stronger enforcement and deterrence, advocating for a bolder approach to regulating tech firms globally.
Her reflections also highlighted the role of the Digital Services Act (DSA) in overseeing social media platforms and addressing harmful content. Platforms like X and Telegram, which face criticism for inadequate content moderation, were pointed out as examples of why robust regulation is necessary. Vestager stressed that platforms undermining democracy must comply with the EU’s stringent laws.
As she prepares to transition to academia, Vestager’s departure marks the end of an era. While her legacy includes significant strides in holding tech companies accountable, the ongoing influence of these firms signals that the battle for better regulation is far from over. Teresa Ribera Rodríguez will succeed her, tasked with continuing this critical work.
South Korea announced plans to provide 14 trillion won ($10 billion) in low-interest loans next year to support its chip sector amid growing competition from China and uncertainty over US trade policies under President-elect Donald Trump. The funds, managed by state-run banks, will include 1.8 trillion won for infrastructure like power lines at a new high-tech chip complex in Yongin and Pyeongtaek, designed to attract advanced chipmakers.
The government highlighted challenges posed by rapid advancements in China’s semiconductor industry and potential changes to US policies like the Inflation Reduction Act and Chips Act, which could alter global trade incentives. Trump has also pledged new tariffs on goods from China, Mexico, and Canada, raising additional concerns for South Korean exporters.
While South Korea leads in memory chip manufacturing through giants like Samsung Electronics and SK Hynix, it faces setbacks in chip design and contract manufacturing, where rivals are gaining ground. The government vowed to use all available resources to help the industry overcome its current challenges and maintain global competitiveness.
Vietnam’s Prime Minister Pham Minh Chinh called on the United States to remove export restrictions on certain technologies during an event in Hanoi hosted by the American Chamber of Commerce. Chinh emphasised Vietnam’s interest in satellite communications development and revealed ongoing talks with SpaceX to boost aerospace cooperation. He also urged the US to recognise Vietnam as a market economy, a step that could lower trade tariffs.
The US currently restricts Vietnam’s access to technologies deemed critical to national security, though Vietnam is allowed to import conventional weapons and some advanced technologies. Chinh questioned the necessity of the embargo, stating, “We are not fighting anyone, so why do you keep the embargo?”
Despite potential US tariffs of up to 20% on imports under the next Trump administration, Chinh avoided addressing the issue directly. He instead highlighted Vietnam’s $25 billion in expected foreign investment this year and stressed the importance of maintaining strong US-Vietnam relations to tackle global challenges.
Samsung Electronics made significant leadership changes on Wednesday, aiming to strengthen its position in the competitive AI chip market. Semiconductor chief Jun Young-hyun was named co-CEO, gaining direct control of the struggling memory chip business, while US chip head Han Jin-man was promoted to lead the foundry division. The moves reflect Samsung’s strategy to address declining profits and regain its edge against rivals SK Hynix and Taiwan’s TSMC.
The reshuffle comes amid growing investor concerns over Samsung’s lagging performance in AI chip supply, particularly to key client Nvidia. Samsung’s semiconductor profits dropped sharply in the third quarter, attributed to delays with a major customer. Despite some progress since, analysts remain sceptical about the leadership structure, with Chung Hyun-ho retaining his influential role in the Business Support Task Force.
Chairman Jay Y. Lee acknowledged public and investor concerns during a hearing this week, emphasising the need to navigate business uncertainty and intensifying competition, particularly from Chinese chipmakers. Samsung hopes the leadership overhaul will drive innovation and stabilise its chip business in a rapidly evolving market.
OpenAI is allowing employees to sell up to $1.5 billion worth of shares to Japan’s SoftBank Group in a new tender offer, according to sources familiar with the deal. This follows SoftBank’s $500 million investment in OpenAI during an October funding round that valued the Microsoft-backed AI startup at $157 billion. Employees have until 24 December to decide whether to sell their shares, with the offer price matching the last funding round.
SoftBank’s Vision Fund 2 will finance the purchase, reflecting CEO Masayoshi Son’s strategy to increase his stake in AI ventures. Son has aggressively expanded his AI portfolio, including investments in OpenAI and chip startup Graphcore, as he positions the conglomerate to ride the AI boom.
OpenAI continues to attract global attention with its flagship product ChatGPT, which now boasts 250 million weekly active users. The company’s rapid growth and high valuation highlight its central role in shaping the AI revolution.
Australia’s House of Representatives passed a groundbreaking bill on Wednesday aiming to ban social media use for children under 16. The bill, supported by Prime Minister Anthony Albanese’s Labor government and the opposition, introduces strict measures requiring platforms to implement age-verification systems. Companies could face fines of up to A$49.5 million ($32 million) for breaches. The Senate will debate the bill next, with Albanese pushing for its approval before the year ends.
The law follows an emotional inquiry that highlighted cyberbullying’s devastating effects, including testimony from parents of children who self-harmed. While advocates argue the ban will protect young people’s mental health, critics, including youth groups and human rights organisations, warn it risks cutting off teens from vital social connections. Tech giants like Google, Meta, and TikTok have urged the government to delay the legislation until a proposed age-verification trial concludes in 2025.
Despite these concerns, public opinion overwhelmingly supports the ban, with recent polls showing 77% approval. Parent advocacy groups have praised the initiative as a critical step in addressing the negative impacts of social media on children. However, critics within parliament and civil rights groups have called for more nuanced solutions, emphasising the importance of balancing protection with privacy and self-expression rights.
If passed, Australia will become a global leader in stringent social media regulations, but the debate over how best to safeguard young users while respecting their freedoms is far from over.
Huawei has announced plans to expand its Harmony operating system with a target of 100,000 apps in the next 6–12 months. Chairman Xu Zhijun emphasised the need for personalised applications to strengthen the ecosystem and meet consumer demands. Currently, Harmony has over 15,000 apps catering to basic needs.
The push comes amid United Statessanctions, which have restricted Huawei’s access to Google’s Android. Xu called on developers, government agencies, and organisations to support Harmony, stressing its maturity will depend on widespread adoption and user patience.
HarmonyOS was unveiled in 2019 after the US imposed trade restrictions upon China, citing security concerns. Huawei remains committed to investing in its development to achieve technological self-reliance, with Xu describing the initiative as essential for the company’s future success.
Qualcomm’s interest in acquiring Intel has reportedly cooled due to the complexities involved in such a massive deal, according to Bloomberg. While a full acquisition now appears unlikely, Qualcomm may consider pursuing specific parts of Intel’s business or revisiting the idea in the future. Neither company has commented publicly on the report.
Qualcomm initially approached Intel in September, sparking speculation about a potential acquisition. Any deal would face significant antitrust scrutiny as it would unite two of the semiconductor industry’s biggest players. Qualcomm had previously explored acquiring sections of Intel’s design business, but no formal offer materialised.
Intel, once a dominant chipmaking powerhouse, has struggled in recent years, losing market share to competitors like TSMC and missing key opportunities in generative AI. The company’s declining fortunes have been reflected in a 50% drop in its stock price this year and its recent removal from the Dow Jones Industrial Average.
Google and Meta are urging the Australian government to delay a proposed law that would prohibit social media use for children under 16, citing insufficient time to evaluate its potential effects. Prime Minister Anthony Albanese’s government aims to pass the bill, which includes some of the strictest child social media controls globally, before the parliamentary year ends on Thursday. However, critics argue the rushed timeline undermines thorough debate and expert input.
The bill mandates social media platforms, not parents or children, to implement age-verification systems, potentially involving biometrics or government IDs. Platforms failing to comply could face fines of up to AUD 49.5 million ($32 million). While the Liberal opposition is likely to support the legislation, some independents and tech companies like TikTok and Elon Musk’s X have raised concerns about its clarity and impact on human rights, including freedom of expression and access to information.
Tech companies argue the government should wait for the results of an age-verification trial before proceeding. TikTok called the bill rushed and poorly consulted, while Meta described it as “inconsistent and ineffective.” Meanwhile, Elon Musk criticised the bill as a potential tool for broader internet control, amplifying debates over balancing child safety with digital freedoms.
As a Senate committee prepares a report on the legislation, the controversy underscores the global challenge of regulating children’s online activity without infringing on broader rights.
