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 […]
UN reports surge in intangible investment driven by AI and data
The Rise of Intangible Investment: How AI and Data are Driving Competitive Advantages in the Global Economy In today’s rapidly changing global economy, the concept of investment has taken on a new dimension. While traditional forms of investment such as tangible assets have long been the focus of businesses and governments alike, there is a […]
EU rejects delay for AI Act rollout
EU Stands Firm: Rejects Delay for AI Act Rollout In the ever-changing landscape of technology and innovation, the European Union has taken a decisive stance by refusing to postpone the rollout of the AI Act. Despite pleas from tech giants for an extension, the EU remains resolute in its commitment to adhere to the original […]
Europe must break free from US tech giants
Europe Must Break Free from US Tech Giants In the realm of technology, a handful of American tech giants have established an unprecedented level of dominance, shaping the digital landscape and influencing global markets. Companies like Google, Amazon, Facebook, and Apple have become household names, with their services deeply ingrained in the daily lives of […]