Page 3 - Big Tech

As Big Tech scrambles to meet EU regulations, investigations seen as likely

The Digital Markets Act (DMA) is one of the most comprehensive regulatory actions to rein in so-called "Big Tech" and is expected to reshape the global technology industry after decades of unfettered

Forced to change: Tech giants bow to global onslaught of regulations

Apple, Google, Meta operated unfettered for years. But new laws have compelled them to make major shifts to their businesses

Britain to make big tech give rivals access to data under new plans

The Competition and Markets Authority (CMA) has bolstered its oversight of Big Tech firms like Facebook owner Meta , Google parent Alphabet, Amazon and Apple

Big tech firms nearly pause recruitment in India amid global slowdown

These companies have registered a 90% decline in active job postings in India in 2023 when compared to the last year, according to a report

'AI blowback' fears grip the ESG fund managers betting on Big Tech

The ESG investing industry may be more exposed to such risks than most, after taking to tech in a big way

US consumer watchdog proposes rules for Big Tech payments, digital wallets

The proposal marks a long-anticipated and ambitious move by CFPB Director Rohit Chopra to assert the agency's full authority over Big Tech

UK antitrust regulator to tailor rules for Big Tech with new legal power

The proposed "Digital Markets, Competition and Consumers" law, whose powers were originally intended to come into force in 2022, will give the unit the "teeth" to underpin its remit

Big Tech's profit to jump 34%, will prop up S&P 500 earnings: Analysts

After slashing thousands of jobs to cut costs, the biggest US technology and internet companies are pumping out profits similar to those generated two years ago

Taming Big Tech: Battles are raging on more than one front

The profitability of Meta, Amazon, Microsoft, Alphabet and Apple (MAMAA), twice the S&P 500 average of 10 per cent, has come to be seen as flowing from the abuse of market power, writes T N Ninan

Taming Big Tech: Battles are raging on more than one front

The profitability of Meta, Amazon, Microsoft, Alphabet and Apple (MAMAA), twice the S&P 500 average of 10 per cent, has come to be seen as flowing from the abuse of market power, writes T N Ninan

Weekend Bites: India-Canada-Khalistan, women's Bill, and drugs on drones

In which we munch over the week's platter of news and views

UK's new online safety law adds to crackdown on big tech companies

British lawmakers have approved an ambitious but controversial new internet safety law with wide-ranging powers to crack down on digital and social media companies like TikTok, Google, and Facebook and Instagram parent Meta. The government says the online safety bill passed this week will make Britain the safest place in the world to be online. But digital rights groups say it threatens online privacy and freedom of speech. The new law is the UK's contribution to efforts in Europe and elsewhere to clamp down on the freewheeling tech industry dominated by US companies. The European Union has its Digital Services Act, which took effect last month with similar provisions aimed at cleaning up social media for users in the 27-nation bloc. Here's a closer look at Britain's law: WHAT IS THE ONLINE SAFETY LAW? The sprawling piece of legislation has been in the works since 2021. The new law requires social media platforms to take down illegal content, including child sexual abuse, hate sp

Draft merger rules: Mega global deals likely to come within CCI ambit

The CCI has invited stakeholders to submit written comments on the draft Combinations Regulations until 25 September

Big tech braces for EU's biggest clampdown on anti-competitive practices

Big Tech is bracing for the European Union's biggest ever clampdown on anti-competitive practices in the digital economy, potentially provoking a new wave of legal battles

As Europe cracks down on Big Tech, here are things that will change

Starting Friday, Europeans will see their online life change. People in the 27-nation European Union can alter some of what shows up when they search, scroll and share on the biggest social media platforms like TikTok, Instagram and Facebook and other tech giants like Google and Amazon. That's because Big Tech companies, most headquartered in the U.S., are now subject to a pioneering new set of EU digital regulations. The Digital Services Act aims to protect European users when it comes to privacy, transparency and removal of harmful or illegal content. Here are five things that will change when you sign on: YOU CAN TURN OFF AI-RECOMMENDED VIDEOS Automated recommendation systems decide, based on people's profiles, what they see in their feeds. Those can be switched off. Meta, owner of Facebook and Instagram, said users can opt out of its artificial intelligence ranking and recommendation systems that determine which Instagram Reels, Facebook Stories and search results to show. ..

Top headlines: Jio Financial shares to debut, big techs seek relaxation

Business Standard brings you the top headlines at this hour

Big techs seek relaxations from parental consent norm of data law

The provision was one of the most contentious issues during the public consultations on the bill

Ex-wife charged with murder of Microsoft executive Jared Bridegan

The ex-wife of a Microsoft executive who was gunned down by a triggerman in front of his young daughter has been charged with first-degree murder, and prosecutors in Florida plan to seek the death penalty. A grand jury indicted Shanna Lee Gardner in the ambush-style death of Jared Bridegan, State Attorney Melissa Nelson announced Thursday at a news conference in Jacksonville, Florida. Gardner, 36, was arrested in West Richland, Washington, and will be extradited to Florida to stand trial, Nelson said. From very, very early on, everything in my body and soul told me she was behind it, Kristen Bridegan, Jared Bridegan's wife, said during the news conference. Hank Coxe, who represents Gardner, said via email that he does not comment on pending cases. The state is also seeking the death penalty against Gardner's husband, Mario Fernandez Saldana, who was arrested in March and charged in Bridegan's death. His attorney, Jesse Dreicer, said in an email that his client has pleaded not guilt

Alibaba ecommerce arm to hire 2,000 graduates as Big Tech crackdown eases

China suspended publishing data on its soaring youth unemployment rate in July, saying it needed to iron out complexities in the numbers. The rate had risen every month this year and reached a record

European Union lays out plan to prevent Big Tech dominance in metaverse

The EU initiative comes as Facebook owner Meta Platforms , Microsoft and Apple work on metaverse products or services