Microsoft has announced plans to invest $4.8 billion USD over the next two years to strengthen its artificial intelligence and cloud infrastructure in northern Italy. According to reports, this investment will boost Italy’s digital economy and establish the country as a major hub for AI and cloud services in the Mediterranean region. The report further…
Italy: $3.8 Million Meta Fine
Italy’s competition authority, AGCM, has fined Meta, the parent company of Facebook and Instagram, a sum of $3.8 million USD for engaging in unfair commercial practices in the handling of user data on Instagram and Facebook. According to AGCM, Meta failed to inform users registered on Instagram via the web about the commercial use of…
Italy: $10.7 Billion Microelectronics Investment
The Italian government has announced plans to invest $10.7 billion USD in the semiconductor industry as it prepares to become one of the largest microelectronics producers in Europe. The investment will be used to build semiconductor facilities, promote economic development, create high-quality jobs, and enhance international collaboration in the competitive semiconductor market. This comes as…
Amazon: $10.6 Million Fine
Italy’s competition authority has fined two Amazon companies a sum of $10.6 million USD for allegedly engaging in unfair commercial practices related to online purchases. The Italian Competition Authority, also known as Autorità Garante della Concorrenza e del Mercato (AGCM), is a competition regulator in Italy. It is responsible for consumer protection against unfair trade…
Italy: $6.4 Million Meta Fine
Meta, the parent company of Facebook, Instagram, Threads, and WhatsApp, has been fined a sum of $6.4 million USD (5.85 million EUROS) for violating Italy’s ban on gambling advertising. The Italian government placed a ban on gambling advertising in 2018, a sanction that applies to all forms of media and social networks. Italy’s communications division,…