Tech & Internet
Amazon likely to face investigation under EU tech rules next year
The US online retailer could face a fine of up to 10% of its global annual turnover if it is found guilty of breaching the European Union's Digital Markets Act (DMA) which seeks to rein in the power of Big Tech.
Reddit down for thousands of users, Downdetector shows
Downdetector, which tracks outages by collating status reports from several sources including users, showed more than 14,000 reports of outages. The outage began around 10 am ET and at its peak impacted more than 70,000 users, according to Downdetector.
100 GCCs to adopt 100 colleges; create sector-specific programmes, says Priyank Kharge
Proposes 100 GCCs adopt 100 colleges and create sector-specific programmes, where 50% of the programme content will be specific to a company or sector, and the remaining for overall knowledge enhancement.
US watchdog issues final rule to supervise Big Tech payments, digital wallets
The regulations, first proposed a year ago to govern digital services such as Apple Wallet, Google Pay and Venmo, come as President-elect Donald Trump prepares to make far-reaching changes to federal regulators' conduct when he takes office next year, which could cast doubt on the rule's future.
WhatsApp will now allow users to block spam messages from businesses
Users can now select the type of messages they would like to receive from businesses, such as OTPs, sales, offers or customer service messages, thereby avoiding getting spammed.
Nvidia tops Q3 on strong AI demand, but slowing growth hits stock
Nvidia posted earnings per share (EPS) of $0.81 on revenue of $35.1 billion, far exceeding analysts prediction of $0.74 EPS on $33.2 billion in revenue. While the quarter’s earnings surged 94% YoY, this was lower than the red-hot 260% clocked a few quarters ago. Hence, the stock fell.
Industrial metaverse: Tech leaders outline India’s growth map Siemens Innovation Day 2024
India is on its way to becoming a global economic force in the coming years.the use of high-end technology, including industrial AI and industrial metaverse, and minimising energy consumption in doing so, is imperative for this sustainable growth. At Siemens Transform - Innovation Day 2024 Dr Peter Koerte and Sunil Mathur spoke about India’s advancements in infrastructure building, the way forward in leveraging technology to meet the goals, and the commitment of their company to aid this march ahead.
Alibaba integrates ecommerce platforms into a single business unit
Alibaba International Digital Commerce (AIDC) group chief Jiang Fan, a former head of Tmall who was demoted in 2020 following an online scandal, has been tapped to lead the new unit. He will report to Alibaba Group CEO Eddie Wu.
Uber said to be in talks to invest in US IPO of China’s Pony AI
Uber has tied up with several other automated driving tech firms recently, including robotaxi operator Waymo and an undisclosed investment in Wayve Technologies Ltd. It also has a robotaxi service agreement in Abu Dhabi with China’s WeRide Inc., which raised funds in an IPO in the US last month.
