‘Pure’ Crypto Tax Crimes Expected to See Uptick in the US: Report

[ad_1] The US, where estimates suggest 40 percent of adults currently hold crypto assets, is expecting to see a rise in tax evasion cases. The US’ Internal Revenue Service (IRS) is already gearing up to handle these cases. The information was disclosed by Guy Ficco, the chief investigating officer of the IRS in the US. … Read more

How the US Lawsuit Against Apple Could Make iPhones More Consumer-Friendly

[ad_1] The U.S. has filed a lawsuit against Apple with the aim of increasing competition for the iPhone and giving a leg up to smaller companies whose apps work with the ubiquitous device. In the lawsuit against the $2.7 trillion company, the U.S. argues the iPhone maker hurt smaller rivals and drove up prices, and … Read more

Apple Stops Watch 9, Watch Ultra 2 Sales in the US, But There May Be a Fix

[ad_1] Apple Watch Series 9 and Watch Ultra 2 sales will soon be halted in the US. This comes after an International Trade Commission (ITC) ruling surrounding a patent dispute between Apple and Masimo, a medical technology company that claims that Apple Watch’s blood oxygen sensor technology violates several of their patents. The case is now under a … Read more

OpenAI Introduces ChatGPT Version for Large Business With More Security

[ad_1] Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and its financial backer Microsoft offer to customers. ChatGPT Enterprise offers more security, privacy and higher-speed access to OpenAI’s technology, the company said. Early customers include Block, Carlyle and Estee … 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

Binance Operations Declared Illegal by Nigerian Market Regulator

[ad_1] Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal. “Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever,” the Securities and Exchange Commission (SEC) said … Read more

Micron Expects Hit on Revenue in Quarterly Results Amid Ban in China

[ad_1] US-based Micron Technology on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban by China on sale of its memory chips to key domestic industries marked the latest in the Sino-American trade spat. China’s cyberspace regulator said late on Sunday that Micron, the biggest US memory chipmaker, … Read more

Google, Microsoft CEOs Called to Discuss AI Issues at White House Meeting

[ad_1] The chief executives of Alphabet’s Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top administration officials to discuss key artificial intelligence (AI) issues on Thursday, said a White House official. The invitation seen by Reuters to the CEOs noted President Joe Biden’s “expectation that companies like yours must make … Read more