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On July 5th, at the 2026 Global Digital Economy Conference Results Release Conference, Lu Ya, Vice President of the Beijing Academy of Social Sciences, released the "Beijing Digital Economy Development Report (2025-2026)" blue book. The report shows that in 2025, Beijings digital economy added value exceeded 2.4 trillion yuan, a year-on-year increase of 8.7%, accounting for 46.4% of GDP. It ranked second in the global digital economy benchmark city index evaluation, with a development index value of 0.770, firmly maintaining its position as a "global leading city." Lu Ya introduced that Beijings status as the "No. 1 city for artificial intelligence" continues to be consolidated. In 2025, the core artificial intelligence industry scale reached approximately 450 billion yuan, attracting over 2,500 related enterprises. As of April 2026, 225 large-scale models had been registered. Innovation and industry application of large-scale models are accelerating in both directions, rapidly empowering industrial upgrading, technological innovation, and public services. The market-oriented reform of data elements is being deepened, and breakthroughs have been achieved in the construction of "one zone and three centers." The on-exchange transaction volume of the Beijing International Big Data Exchange increased by 150% year-on-year, and the circulation of trusted data space is deepening around key areas such as healthcare and audiovisual media.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.2 occurred near Mianzhu City, Deyang City, Sichuan Province at 14:00 on July 5th. The final result is subject to the official rapid report.July 5 – The Russian Ministry of Defense announced on July 5 that Russian air defense systems intercepted and destroyed 71 Ukrainian drones over multiple locations in Russia overnight. The statement said: “Overnight, from 20:00 Moscow time on July 4 to 7:00 on July 5, on-duty air defense systems intercepted and destroyed 71 Ukrainian fixed-wing drones over Belgorod Oblast, Bryansk Oblast, Rostov Oblast, the Republic of Crimea, and the Black Sea.”July 5th - According to the Financial Times, Uber has suspended most of its European food delivery expansion plans as it continues its efforts to acquire its biggest competitor in Europe. Two sources familiar with the matter revealed that the company no longer plans to launch services in five of the seven countries it planned to expand into this year, including Austria, Norway, and Greece. This adjustment comes just five months after Uber announced its European food delivery expansion plans, which included entering markets such as the Czech Republic and Romania, and aiming to add $1 billion in total bookings over the next three years. However, Uber is still pursuing the acquisition of Berlin-based food delivery platform Delivery Hero. Its €10 billion takeover offer was rejected by Delivery Hero in May.According to the Financial Times, Frances efforts to exclude Britain from EU defense spending will backfire.

If Congress Passes A Media Bill, Meta May Remove News on Facebook

Skylar Williams

Dec 06, 2022 11:41

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Facebook's parent firm, Meta Platforms Inc (NASDAQ:META), has threatened to delete content from its platform if the U.S. Congress approves a plan that would make it easier for news organizations to negotiate collectively with corporations like Alphabet Inc's Google and Facebook.


Legislators are allegedly considering attaching the Journalism Competition and Preservation Act to a must-pass annual military measure in an effort to save the struggling local journalism industry. In a tweet, Andy Stone, a representative for Meta, stated that if the bill was passed, the company would be forced to consider eliminating news "rather than submit to government-mandated discussions that negate any value we bring to news sites through increased traffic and subscriptions."


The idea fails to recognize that publishers and broadcasters place content on the platform because "it improves their bottom line - not the other way around."


The News Media Alliance, an association of newspaper publishers, says that the bill should be included in the defense bill "Local newspapers cannot afford to endure Big Tech's exploitation and abuse for several more years, and the time to take action is quickly running out. We run the possibility of social media becoming the de facto local newspaper in America if Congress does not act immediately."


More than two dozen organizations, including the American Civil Liberties Union, Public Knowledge, and the Computer & Communications Industry Association, urged Congress on Monday not to approve the local news bill, arguing that it would "create an ill-advised antitrust exemption for publishers and broadcasters" and that it does not mandate that "funds gained through negotiation or arbitration will even be paid to journalists."


According to a government study, a similar Australian regulation that went into effect in March 2021 following discussions with major digital companies that resulted in a brief shutdown of Facebook news feeds in the country has been generally effective.


According to the article, since the News Media Bargaining Code went into effect, several technological giants, including Meta and Alphabet, have reached more than 30 agreements with media sites, compensating them for content that generated clicks and advertising revenue.

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