Page 2 - Big Tech

Apple's revamped app fees draw increased EU scrutiny under big tech rules

The company is facing the risk of a hefty fine for thwarting efforts by third-party developers to steer users toward cheaper deals and offers outside of the App Store

EU to investigate Amazon next year, its share price drops by 3% post report

Amazon could face a substantial fine of up to 10 per cent of its annual global revenue if it is found guilty of breaching the European Union's Digital Markets Act

Big Tech's employee activism quiet after Trump presidential poll victory

Mark Zuckerberg, Facebook's chief executive, posted that his great-grandparents were immigrants and that his in-laws were refugees

Apple to face first fine under EU's Digital Markets Act for Big Tech

Watchdogs are readying the penalty after the iPhone maker failed to allow app developers to steer users to cheaper deals and offers outside of the App Store

As regulators get tough, Big Tech's easy ride is coming to an end

Now Google and Apple are getting slapped for those blatantly unfair advantages

US court takes aim at Big Tech liability shield after 10-yr-old's death

Three weeks before Christmas 2021, Nylah Anderson was found lifeless in her mother's closet in suburban Philadelphia

Why does Big Tech oppose California AI bill if it wants it to be regulated?

The proposal would mandate safety testing for many of the most advanced AI models that cost more than $100 million to develop or those that require a defined amount of computing power

Big Tech's AI promises become a 'show me' story for investors: Report

Results from Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Apple Inc. this week signaled that biggest companies in world are still heavily investing in artificial intelligence

'Too big to fail' Big Techs pose risk profiling challenges: RBI report

Says digitalisation has enhanced banks' efficiency and increased competition within the sector

Startup Wiz likely to reject $23 bn acquisition proposal from Google

Wiz's decision to call off the deal will be a setback for Google, which has been investing in its cloud infrastructure

Digital tax talks in spotlight at G20 meet as US tariff threat looms

Canada in July became the eighth country to impose a unilateral digital services tax

CrowdStrike CEO called to testify to Congress over global tech outage

US House leaders are calling on CrowdStrike CEO George Kurtz to testify to Congress about the cybersecurity company's role in sparking the widespread tech outage that grounded flights, knocked banks and hospital systems offline and affected services around the world. CrowdStrike said this week a significant number of the millions of computers that crashed on Friday, causing global disruptions, are back in operation as its customers and regulators await a more detailed explanation of what went wrong. Republicans who lead the House Homeland Security committee said Monday they want those answers soon. While we appreciate CrowdStrike's response and coordination with stakeholders, we cannot ignore the magnitude of this incident, which some have claimed is the largest IT outage in history, said a letter to Kurtz from Rep. Mark E. Green of Tennessee and Rep. Andrew Garbarino of New York. They added that Americans "deserve to know in detail how this incident happened and the mitigation ste

Kamala Harris on biz: Friendly to Big Tech, aggressive in climate fight

In 2015, she compelled startup Houzz to hire a chief privacy officer after allegations that the home design app had recorded sales calls without proper notification and consent

Google, Microsoft want nuclear power but doesn't see role as investor

Building reactors, especially plants using new technologies, comes with high costs and high risk, according to Briana Kobor, head of energy market innovation at Alphabet Inc.'s Google

Faking honest woman: Why Russia, China all use faux females to get clicks

When disinformation researcher Wen-Ping Liu looked into China's efforts to influence Taiwan's recent election using fake social media accounts, something unusual stood out about the most successful profiles. They were female, or at least that's what they appeared to be. Fake profiles that claimed to be women got more engagement, more eyeballs and more influence than supposedly male accounts. Pretending to be a female is the easiest way to get credibility, said Liu, an investigator with Taiwan's Ministry of Justice. Whether it's Chinese or Russian propaganda agencies, online scammers or AI chatbots, it pays to be female - proving that while technology may grow more and more sophisticated, the human brain remains surprisingly easy to hack thanks in part to age-old gender stereotypes that have migrated from the real world to the virtual. People have long assigned human characteristics like gender to inanimate objects - ships are one example - so it makes sense that human-like traits .

Can global Big Tech companies afford to ignore the Indian market?

Those opposing the ex-ante legislation wanted the deadline for submitting responses, which was May 15, to be extended by two to six months. But the MCA has not agreed

Ola's AI to outdo global players in energy-efficient data centres: Founder

Ola's AI platform Krutrim will compete with global technology majors in building energy-efficient data centres and offer cloud services at the lowest price for the development of artificial intelligence, its founder Bhvish Aggarwal said. While speaking at an event, Aggarwal announced an AI cloud platform - Krutrim Cloud - to enterprises, researchers, and developers at low cost with a focus on addressing the needs of Indian developers. "We are building our own technology to do energy management to make the most efficient data centres in the world. I am willing to compete with Microsoft, Google or whoever to say, we will do better than them. The cloud cost we pay is the same as the amount paid by American developers. How is it justified? We will resolve that," Aggarwal said. He alleged that big technology companies like Amazon, Google and Apple are having closed ecosystems and locking developer's work on their platform. "Krutrim's overall ambition is to build a full stack AI platform

Vestager defends EU merger rules, says competition creates strong cos

Telecoms companies have been the biggest proponents of looser merger rules as they look to consolidate to boost revenues and market power amid costly investments to roll out 5G and broadband

Global future won't be driven by big tech but by India's DPI: Amitabh Kant

India's G-20 sherpa Amitabh Kant on Thursday said the global future will not be driven by big technology firms but by the digital public infrastructure platforms developed locally. Speaking at the 'We Made in India' event here, Kant said India will transfer its digital public infrastructure (DPI) to the rest of the world, and already there are many examples of countries warming up to the same. The DPI consists of the digital identity through Aadhaar, real time payment through the UPI platform and other services like account aggregator, and was showcased to the world during India's presidency of G-20 last year. Kant said during the G-20, the world accepted the definition and framework of the DPI, given the strides that India has made through its strategies. "During G-20, the world accepted the definition of digital public infra, the world accepted the framework of DPI and to our belief, the future will not be driven by big tech, it will be driven by DPI," he said. It can be noted t

Big Tech's 'interconnected web' of AI investments concerns UK's CMA

The Competition and Markets Authority said Thursday it's uncovered an "interconnected web" of partnerships and investments within AI involving a handful of the same tech firms