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🚨 AI is a billion dollar bet. And Big Tech wants YOU to pay for it. Now Microsoft got sued for tricking users to pay 45% more for its AI. 🚨

πŸ‘‰πŸΌ Australia’s competition regulator says Microsoft misled around 2.7 million users into paying more for Microsoft 365 when offering its AI Copilot.

Find out more: tuta.com/blog/microsoft-price-…

#Microsoft #AI #Microsoft356 #Australia

Screenshot of Microsoft's upcoming price changes with a headline Microsoft tricks you into paying more for AI.

Microsoft sued for misleading millions of customers into paying a 45% increase for AI add-ons. | Tuta

Australia’s competition regulator sued Microsoft, alleging it misled around 2.7 million users into paying up to 45% more in subscription prices for Microsoft 365 because of its AI integration. But there’s more to this story than just money.
Tuta
#microsoft #AI #australia #microsoft356
in reply to Tuta

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Eggs now in different baskets.

I have always struggled to understand that so many people who need a word processor no more sophisticated than WordPad, never use spreadsheets and know where to buy and how to use USB thumb drives to save and back up their files pay anything for Microsoft's online Office and storage services.

Especially when recent outages at both Amazon and Azure show just how fragile cloud based systems are.

in reply to Tuta

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Andreas K

It's not a bet.

The US-style AI scam as FAANG is doing it, is a securities style fraud, to make their companies look like β€œgrowth stocks”, thus getting a pass on P/E criteria that apply to β€œmature stocks”. Luckily for them #Trump has dismantled regulations in the US.

wheresyoured.at/big-tech-2tr/

And over-valuated stock is basically a licence to print money.

ink.library.smu.edu.sg/cgi/vie…

The companies can issue overvalued stock in themselves to pay for acquisitions, as compensation etc.


Big Tech Needs $2 Trillion In AI Revenue By 2030 or They Wasted Their Capex

As I've established again and again, we are in an AI bubble, and no, I cannot tell you when the bubble will pop, because we're in the stupidest financial era since the great financial crisis β€” though, I hope, not quite as severe in its even…
Edward Zitron (Ed Zitron's Where's Your Ed At)
#Trump
in reply to Tuta

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WesDym

As I read elsewhere, what really happened is that they STARTED charging for Co-Pilot, when they hadn't before. Materially, that's different from raising the price.

Even if that wasn't the case, though, what's illegal about raising the price, and how is doing that -- and notifying people in advance -- some kind of trickery? Isn't raising prices common and usually legal?

Don't get me wrong, all of this is shitty. But what's illegal about it?

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