Tag: big tech
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Commentary: Big Tech is incapable of solving its Frankenstein problem
The public is already convinced the tech industry can’t be trusted with its own creations, says Gautam Mukunda for Bloomberg Opinion.
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EU holds talks with big tech over Ceuta misinformation
EU digital chief Henna Virkkunen has called for closer monitoring on social media platforms moving forward, amid the spread of misinformation during the recent migration influx at Spain’s Ceuta.
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South Korea’s SK Hynix, Samsung Elec sign $950 billion partnership with US big tech
SEOUL, July 25 : South Korea’s Samsung Electronics and SK Hynix will pursue memory chip supply partnership with U.S. big tech companies including Nvidia worth $950 billion overall, South Korea’s presidential adviser said on Saturday.It includes the long-term supply of $750 billion in memory chips to U.S. comp
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EU countries to restore interim measure on allowing Big Tech to fight online child pornography
BRUSSELS, July 23 : EU countries endorsed a proposal on Thursday to reintroduce a temporary measure allowing Google, Meta and other online platforms to detect and remove online child sexual abuse materials without breaching privacy rules.The move by the bloc of 27 EU countries came two weeks after EU lawmaker
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Stocks sink on Big Tech cash burn; oil hits $100 for first time since May
July 23 : Oil prices spiked to $100 a barrel for the first time since May, major tech giants knocked U.S. stocks lower, and Europe’s borrowing costs spiked to long-term highs in an unsettling day across markets on Thursday. Brent crude jumped 6 per cent to $100.50 a barrel following attacks on tankers in the
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EU lawmakers back reinstating interim rules to allow Big Tech to tackle child pornography
BRUSSELS, July 9 : EU lawmakers backed a proposal on Thursday to reinstate temporary rules to allow Google, Meta Platforms and other online platforms to detect and remove online child sexual abuse materials.However, they also voted to exempt end-to-end encrypted communications such as WhatsApp, Telegram and S
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Big Tech joins Calgary Stampede oil bash, as Canada courts data centers
CALGARY, July 8 : Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta courts data center development.Oil and gas companies typically take center stage at the annual energy get-together, timed with the city’s famous
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Apple loses challenges against EU rules to curb Big Tech
BRUSSELS, July 8 : Apple lost its challenge on Wednesday against landmark EU rules that designate its app stores and operating system iOS as gatekeepers subject to obligations aimed at giving rivals more room to compete.The EU Digital Markets Act, which sets out a list of dos and don’ts for Big Tech with the
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EU court rejects Apple’s challenge against EU rules reining in Big Tech
BRUSSELS, July 8 : Europe’s second-highest court on Wednesday dismissed Apple’s challenge against landmark EU rules labelling its app stores and operating system iOS as gatekeepers subject to strict obligations.”The General Court dismisses Apple’s actions regarding its designation as a gatekeeper in relation
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The AI boom could trigger the next crash, central banks warn
The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.
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