Page 4 - Big Tech

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

US big tech's dominance in stock market hits breakpoint for Nasdaq 100

The seemingly unstoppable growth of megacaps like Apple Inc. and Microsoft Corp. mean they have breached an upper limit imposed on stocks in the Nasdaq 100

US Big Tech says it meets EU gatekeeper status, TikTok criticises label

Companies can be fined up to 10 per cent of annual global turnover for DMA violations

Competition Commission of India lens on Big Tech as Apple probe nears end

The new Chairperson, Ravneet Kaur, along with other members, is expected to take up the matter in their meeting soon, along with several other pending cases against Big Tech companies

Rights of consumers to safe internet can not be compromised: Chandrasekhar

The government will ensure that consumers always have their platforms accountable to them in the digital space, and the rights of Indian consumers to have safe internet will not be allowed to be compromised or diluted, Union Minister Rajeev Chandrasekhar said on Friday. The Minister of State for Electronics and IT - who is spearheading an extensive and in-depth nationwide consultation on the new Digital India Bill that will replace two decades old the Information Technology Act - noted that for years, the big tech platforms masqueraded as innovation and misused market dominance necessitating overhaul of regulatory and legal frameworks. "...it is a commitment that we have to the people of India...1.2 billion Indians who are going to use the Indian internet, that we will keep the internet open for them. We will deliver safety and trust on the internet for them. And we will make sure that regardless of whether you're a big tech or small tech, Indian or foreign that consumers will always

Entrepreneurs take reins of IAMAI, big tech sidelined for the first time

Harsh Jain's appointment as chairperson of IAMAI has signalled a shift in the association's leadership and organisation's priorities after IAMAI was criticised for aligning with Big Tech's interest

IAMAI announces elections amid allegations of pushing pro-Big tech interest

The Internet and Mobile Association of India (IAMAI) on Monday announced that 83 members will be contesting the election to its 24-member governing council. The moves comes at a time when the industry body has been hit by infighting and a spate of allegations that it was pushing the views and interests of Big Tech companies. In a statement, IAMAI said the results of the election will be declared at the end of May and the new Governing Council will take over after the Annual General Meeting in June. "Eighty-three members of the Internet and Mobile Association of India (IAMAI) would be contesting the election to the 24-member IAMAI Governing Council. "The nominees of the top three firms, in terms of votes received in this election, would become the Chairperson, Vice Chairperson and Treasurer of the association, and form its Executive Council," IAMAI said. Elections are conducted every two years at IAMAI. The tenure of both the Governing Council and the Executive Council is two ...

Indian start-ups distance themselves from IAMAI, call it 'pro-Big Tech'

Say the association is led by executives of tech majors and favours these firms

Google, Meta, other Big Tech cos face UK crackdown as govt unveils new law

A new Digital Markets Unit in the nation's antitrust regulator will have powers imposing additional obligations on some of Silicon Valley's biggest companies

Google 1st Big Tech firm to end Covid jab mandate for entering buildings

In a memo to employees, the Sundar Pichai-run tech giant cited the "extraordinary time" that has passed since the onset of the Covid pandemic

NCLAT's 'effects analysis' order on Google may hinder other big tech probes

Present competition law does not provide for effects analysis. Conducting one would mean letting anti-competitive practices continue and taking action once adverse effects have already been created

Jayant Sinha says will table digital competition Bill on Friday

Sinha said that was not the case, and that the Centre was bringing its own amendments to the competition law

'We can't pay you more', small tech firms tell laid-off Big tech employees

As lakhs of Big Tech employees make a beeline to secure a job as soon as possible, smaller tech firms are hiring the talented laid-off workers albeit with a caveat: We can't pay you any more