In today's ExchangeWire news digest: Elon Musk considers placing X behind a paywall; the UK's competition watchdog warns of the risks associated with artificial intelligence; and Google makes a last ditch effort to overturn an antitrust fine from the EU.
X users could be charged, says Musk
Elon Musk is considering charging X users to access the site. Speaking to Israeli prime minister Benjamin Netanyahu, the billionaire stated that placing the site behind a paywall was “the only way I can think of to combat vast armies of bots,” on the platform.
CMA warns of potential risks of AI
The UK’s Competition and Markets Authority (CMA) has warned that the AI boom could have a wealth of negative effects on people and businesses. After conducting an initial review of the technology behind AI tools such as ChatGPT, the regulator warned that the emerging technology could prompt the proliferation of fraud and fake news, amongst other risks.
Google appeals fine, argues it did not treat rivals unfairly
Google has made a final attempt to overturn a €2.42bn (~£3.8bn) fine issued by the EU. The tech giant claims that the European Commission failed to prove it had abused its market power in the online shopping space, emphasising that Google's treatment of rivals was not anticompetitive. The Court of Justice of the European Union (CJEU) will rule in the coming months.
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Fact of the Day
237.8m – the number of monetisable daily active users on X.