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The G7 group agrees on diversifying global supply chains
May 14,2023
The finance ministers and central bank governors of the G7 nations have agreed to work together to diversify global supply chains, reduce reliance on a single source for critical goods, and create more resilient economies. The move comes in response ...
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Meta introducing AI Sandbox for advertisers
May 12,2023
Meta announced the launch of new AI-powered tools and services for advertisers, including the AI Sandbox, which allows advertisers to test generative AI-powered ad tools, as part of Meta's efforts to demonstrate the value of AI investments amid slowi...
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India has begun an inquiry into Google for alleged in-app payments breaches
May 12,2023
The Competition Commission of India (CCI) has initiated an inquiry into Google following complaints from companies regarding the service fee charged for in-app payments, according to a regulatory order seen by Reuters. The inquiry was prompted by Mat...
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Italy's competition authority opens probe into Apple
May 11,2023
The Italian Competition Authority (AGCM) initiated an investigation against the US tech giant Apple for allegedly abusing its dominant position in the app market. AGCM accused Apple of imposing a more restrictive privacy policy on third-party app dev...
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New York Attorney General proposes crypto regulation to eliminate conflict of interest and safeguard investors
May 08,2023
New York Attorney General Letitia James has proposed a legislation titled the Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act. If passed, the act would establish a comprehensive regulatory framework for the cryptocurrency indus...
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Minister Pantami states Nigeria will benefit from data protection law
May 08,2023
At the Digital Economy Regional Conference, the Minister of Communications and Digital Economy of Nigeria, Isa Ali Pantami, emphasised the importance of investing in the data economy to enhance global competitiveness. Speaking on the theme ...
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Advertisers still betting on TikTok despite potential ban
May 05,2023
TikTok is currently trying to avoid being banned in the U.S. as lawmakers have proposed a bill allowing President Joe Biden's administration to ban apps they deem a security risk. The short-form video app has already been prohibited fr...
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Russia's Sberbank releases own Artificial Intelligence (AI) chatbot -GigaChat
Apr 24,2023
Russian lender Sberbank has launched its own conversational Artificial Intelligence (AI) platform, GigaChat, to rival OpenAI's ChatGPT. The technology is currently in invite-only testing mode and is capable of communicating more intelligently in Russ...
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First NFT insider trading case to begin this week
Apr 24,2023
The first insider trading case will take place this week in New York, USA, against the former manager of the world's largest non-fungible tokens (NFTs) marketplace, OpenSea. Defendant Nathaniel Chastain allegedly used confidential information about w...
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Google requests dismissal of antitrust lawsuit
Apr 21,2023
Google filed a request in Utah federal court to dismiss antitrust charges against the company related to its app store. The lawsuit, filed by Epic Games, Match, and US state attorneys, accuses Google of abusing its market power in the Android mobile ...
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El Salvador passes tech tax cut bill on AI businesses
Apr 19,2023
Salvadoran lawmakers passed a bill that eliminates taxes on companies, for 15 years, that develops artificial intelligence (AI) and other computer programming work. Essentially, the bill exempts eligible companies from income tax, capital gains, loca...
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WTO rules against India's tariffs on ICT products
Apr 17,2023
The World Trade Organization (WTO) dispute settlement panel ruled on Monday that India's tariffs on mobile phones and electronic components violate its commitment under the Information Technology (IT) Act under the multilateral trade body. The panel ...
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