Regulators say the e-commerce giant forced more than a million advertisers to pay more than they should have. The company denies the claims.

© Vincent Alban/The New York Times

FTC alleges in lawsuit that online retailer ‘secretly and systematically overcharged’ advertisers for years

The US’s main trade regulator and 22 states sued Amazon on Monday, alleging the online retailer “secretly and systematically overcharged” advertisers on Amazon.com.

The Federal Trade Commission (FTC) said these practices led to higher costs for customers on items like groceries and other essential goods that are sold on Amazon.

Continue reading...

© Photograph: Charles-McClintock Wilson/NurPhoto/Shutterstock

© Photograph: Charles-McClintock Wilson/NurPhoto/Shutterstock

© Photograph: Charles-McClintock Wilson/NurPhoto/Shutterstock

Given access to email, A.I. agents have started reaching out to the philosophers and researchers exploring deep questions about them.

© Benjamin Rasmussen for The New York Times

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system

The Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.

In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international Financial Stability Board (FSB), Bailey said “frontier” AI models were “showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities”.

Continue reading...

© Photograph: Richard Drew/AP

© Photograph: Richard Drew/AP

© Photograph: Richard Drew/AP