Google, Apple and Meta to Face First Digital Markets Act Probes in the EU

[ad_1] Apple, Alphabet’s Google and Meta Platforms will be investigated for potential breaches of the EU’s new Digital Markets Act, European antitrust regulators said on Monday, potentially leading to hefty fines for the companies. The European Union law, effective from March 7, aims to challenge the power of the tech giants by making it easier … Read more

AI Companies Lose $190 Billion in Market Cap After Alphabet, Microsoft Report

[ad_1] AI-related companies lost $190 billion (roughly Rs. 15,77,620 crore) in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants’ reports after the bell underscored investors’ elevated expectations following an AI-fueled stock market … Read more

Amazon Announces New AI Chip for AWS Amid Competition With Microsoft

[ad_1] on Tuesday announced a new artificial intelligence chip for its cloud computing service as competition with Microsoft to dominate the market for artificial intelligence heats up. At a conference in Las Vegas, Amazon Web Services (AWS) Chief Executive Adam Selipsky announced Trainium2, the second generation of chip designed for training AI systems. Selipsky … Read more

YouTube Announces AI-Enabled Editing Products for Video Creators

[ad_1] YouTube will roll out a slew of artificial-intelligence-powered features for creators, the latest effort from parent company Alphabet to incorporate generative AI — technology that can create and synthesize text, images, music and other media given simple prompts — into its most important products and services. Among the new products YouTube announced Thursday is … Read more

Apple, Amazon, Microsoft Turn Arm IPO Into Tug of War for Chip Influence

[ad_1] A scramble among Arm Holdings’s clients, comprising the world’s biggest technology companies, to snap up shares in its initial public offering (IPO) is testing the semiconductor designer’s adherence to not picking sides in the chip industry. Customers of Arm that have held talks about taking a piece of the IPO include Apple, Amazon, Intel, … Read more

iPhone Sales Set to Drop as Analyst Predict Q3 Revenue Slide for Apple

[ad_1] Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. The world’s most valuable firm will wrap up Big … Read more

Google, Microsoft Expect Costs to Rise Before AI Gamble Pays Off

[ad_1] Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday. Microsoft said costs rose sharply as it built new data centers to support AI and that capital expenditures will continue to rise … Read more

Big Tech Merger to Get Tougher Opposition in US: See How

[ad_1] New draft guidelines released by U.S. antitrust enforcers on Wednesday lay the groundwork for tougher scrutiny of planned mergers by Big Tech companies like Amazon and Alphabet’s Google. The Biden administration has taken a tougher stance on mergers, filing some aggressive challenges. It had two court losses just last week. Several challenges go before … Read more

Google to Hire Apple, Microsoft Alumnus as India Policy Head

[ad_1] Alphabet’s Google is set to appoint a manufacturing and policy veteran as its top government affairs executive in India to tackle legal challenges and expand hardware assembly to the country. Sreenivasa Reddy, currently a senior engineering executive at Microsoft, is likely to join Google toward the end of this year, people familiar with the … Read more

Big Tech Gets Support From EU Regulators Against Telcos’ Network Fee Push

[ad_1] EU telecoms regulators’ group BEREC on Friday warned the European Commission against proposing legislation pushed by the sector to get Big Tech’s help to pay for the rollout of 5G and broadband, saying it did not see a competition problem or a market failure. The comments from The Body of European Regulators for Electronic … Read more