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China offers computing vouchers to support AI startups in competing with tech giants.
Mar 05,2024
,China is reportedly taking steps to support its AI startups ecosystem and help them compete with tech giants. At least 17 cities in China are offering 'computing vouchers' worth between$140,000 and$280,000 to AI startups to help cover the rising cos...
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Meta's decision to halt news deals raises concerns in Australia
Mar 01,2024
Meta, the parent company of Facebook, has announced its decision not to enter into new commercial deals for traditional news content in Australia, France, and Germany. The company also asserted that existing deals with US and UK publishers have expir...
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Glasses are becoming hi-tech devices
Feb 23,2024
The smart spectacles market is gaining momentum, according to the latest article in the Economist. Italian company Luxotica entered into a partnership with Meta to develop an improved version of Ray-Ban glasses which will have a better camera and lon...
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California temporarily suspended Waymo's robotaxi expansion
Feb 22,2024
Waymo's application to expand its robotaxi service in Los Angeles and San Mateo counties has been suspended for 120 days by the California Public Utilities Commission's Consumer Protection and Enforcement Division (CPED). Company can still operate dr...
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EU antitrust chief calls for scrutiny of AI impact on merger control policy
Feb 21,2024
The European Union's antitrust chief, Margrethe Vestager, has called for increased scrutiny of the impact of artificial intelligence (AI) on merger control policy. During a seminar discussing the monopolization of AI by tech giants including Microsof...
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Influencers face scrutiny as EU sweep exposes transparency issues
Feb 14,2024
The European Commission, along with 22 member states, Norway, and Iceland, conducted a sweep of social media posts from influencers to assess compliance with EU consumer law. The findings revealed that 97% of influencers posted commercial content, bu...
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Institutional investors bet big on AI for future trading strategies
Feb 14,2024
According to a recent publication by JPMorgan, institutional investors are increasingly focusing on artificial intelligence (AI) and machine learning (ML) as key technologies for the future of trading.The 'e-Trading Edit: Insights from the Inside' su...
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The EU Commission decides that iMessage, Bing, Edge, and Microsoft Advertising are not gatekeeper services
Feb 13,2024
The European Commission has announced that Apple's iMessage, along with Microsoft's Edge browser, Bing search engine, and advertising business, will not be considered as 'core platform services' under the European Union's Digital Markets Act (DMA). T...
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Germany announces E1.75 Billion in funding to help high-tech growth
Feb 09,2024
The German government has announced plans to provide E1.75 billion in funding to support local tech start-ups. The funds will be directed towards start-ups in sectors such as AI, climate, quantum, and biotechnology, with the goal of strengthening Ger...
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Eu to consider digital ecosystems and free services in big tech antitrust investigations
Feb 09,2024
EU antitrust regulators will now consider digital ecosystems and the impact of free products or services when investigating Big Tech's merger deals or market power, according to EU competition chief Margrethe Vestager. The Market Definition Notice, w...
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WhatsApp-enabled ChatWallet facilitates financial inclusion in South Africa
Feb 08,2024
Absa Bank, a member of the South African financial institution Absa Group, introduced the digital wallet ChatWallet to improve financial access in the country. With the backing of the leading financial institution in the country, ChatWallet is design...
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Microsoft collaborates with news organisations to drive AI innovation in newsrooms
Feb 06,2024
Microsoft is making strategic strides in the media landscape by collaborating with Semafor, a media startup, to leverage AI chatbots for news story development. The big tech company is allegedly investing a substantial amount in sponsoring Semafor's ...
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