Tag: Chinese Tech Giants

Netherlands regulator presses tech firms over election disinformation

Netherlands Regulator Cracks Down on Tech Giants Amid Election Disinformation Concerns In the digital age, the spread of misinformation and disinformation poses a significant threat to the integrity of democratic processes around the world. As the Netherlands gears up for its upcoming October election, the country’s regulatory authorities have set their sights on major tech […]

Tech giants under fire in Australia for failing online child protection standards

Tech Giants Face Scrutiny in Australia Over Failure to Meet Online Child Protection Standards Australia’s eSafety Commissioner recently made a significant revelation that has put tech giants like Apple and Google in the spotlight. The Commissioner found that these companies have been falling short when it comes to tracking abuse reports and disclosing the number […]

OpenAI targets $500 billion valuation ahead of potential IPO

OpenAI Surges to 700 Million Users, Aims for $500 Billion Valuation Ahead of Potential IPO In the realm of artificial intelligence and machine learning, OpenAI has emerged as a prominent player, propelled by its cutting-edge technologies and strategic partnerships. Backed by tech giant Microsoft, OpenAI has recently reached a significant milestone by amassing an impressive […]

Amazon reports $18.2B profit boost as AI strategy takes off

Amazon’s AI Strategy Soars: AWS Boosts Profit by $18.2B In the ever-competitive landscape of tech giants, Amazon has once again showcased its prowess by reporting a staggering $18.2 billion profit boost in the second quarter. This remarkable surge can be attributed largely to Amazon Web Services (AWS) which experienced a remarkable 17.5% revenue increase during […]

EU deepens scrutiny of Temu over unsafe products and DSA violations

EU Cracks Down on Temu for Violating Digital Services Act and Endangering Consumers The European Union has recently tightened its grip on tech giant Temu, citing serious concerns over the company’s failure to comply with the EU’s Digital Services Act (DSA). The EU’s move comes in the wake of alarming revelations that Temu has been […]

Italy challenges tech giants over VAT on user data

Italy Challenges Tech Giants Over VAT on User Data In a bold move that could have far-reaching implications for the tech industry, Italy is taking on tech giants over the issue of value-added tax (VAT) on user data. The dispute, which questions how digital services and personal data are valued under EU law, highlights the […]

Meta leaders settle $8 billion lawsuit, avoid testifying in privacy violations case

Meta Leaders Settle $8 Billion Lawsuit, Avoid Testifying in Privacy Violations Case Mark Zuckerberg and several current and former Meta Platforms directors have agreed to settle a monumental $8 billion lawsuit. This settlement comes as a strategic move to avoid testifying in a high-profile case concerning privacy violations. The lawsuit alleged that Meta, formerly known […]

Netherlands urges EU to reduce reliance on US cloud providers

The Netherlands Urges EU to Reduce Reliance on US Cloud Providers In a bold move towards securing digital sovereignty and national security, the Netherlands is advocating for the European Union to decrease its reliance on American cloud service providers. This push comes as a response to the growing concerns over data privacy, security, and the […]

Apple accused of blocking real browser competition on iOS

Apple Accused of Blocking Real Browser Competition on iOS Apple, known for its stringent control over the iOS ecosystem, has once again come under fire for allegedly impeding real browser competition on its devices. Despite facing previous scrutiny from regulators and developers alike, the tech giant’s new policies continue to stifle competition in the European […]

Big Tech and Fashion Think They’ve Finally Figured Out Smart Glasses

Big Tech and Fashion Think They’ve Finally Figured Out Smart Glasses For years, tech giants like Meta and Google have been trying to crack the code on smart glasses, aiming to blend technology seamlessly with fashion. After a decade of failed attempts and lackluster designs, it seems like they may have finally found the winning […]

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