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

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

ByNews Polite

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…

Apple Gets Sued by the US DOJ; Accused of Illegal Monopoly in Smartphone Market

Apple Gets Sued by the US DOJ; Accused of Illegal Monopoly in Smartphone Market

ByNews Polite

The US Department of Justice and 15 states on Thursday sued Apple as the government cracks down on Big Tech, alleging the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices. Apple joins competitors sued by regulators, including Alphabet’s Google, Meta Platforms and Amazon.com across the…

Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon

Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon

ByNews Polite

Nvidia was on the verge of overtaking Alphabet as Wall Street’s third most valuable company on Tuesday as the dominant AI chipmaker ended the day with a market capitalization above Amazon’s for the first time in two decades. Nvidia’s shares slipped 0.17%, leaving its stock market value at $1.78 trillion,…

AI Companies Lose 0 Billion in Market Cap After Alphabet, Microsoft Report Quarterly Results

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

ByNews Polite

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…

Google Faces Billion US Patent Infringement Trial Over AI Technology

Google Faces $7 Billion US Patent Infringement Trial Over AI Technology

ByNews Polite

Alphabet’s Google is set to go before a federal jury in Boston on Tuesday in a trial over accusations that processors it uses to power artificial intelligence technology in key products infringe a computer scientist’s patents. Singular Computing, founded by Massachusetts-based computer scientist Joseph Bates, claims Google copied his technology…

Google to Pay 0 Million to US Consumers, States in Play Store Antitrust Settlement

Google to Pay $700 Million to US Consumers, States in Play Store Antitrust Settlement

ByNews Polite

Alphabet’s Google will pay $700 million (roughly Rs. 5,819 crore) and revamp its Play app store to allow for greater competition as part of an antitrust settlement with US states and consumers, according to the company and filings in San Francisco federal court on Monday. Google will pay $630 million (roughly…

Amazon Announces New AI Chip for AWS Amid Competition With Microsoft

Amazon Announces New AI Chip for AWS Amid Competition With Microsoft

ByNews Polite

Amazon.com 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…

Facebook, YouTube Said to Be Warned Against Misuse of Deepfakes by Indian Government

Facebook, YouTube Said to Be Warned Against Misuse of Deepfakes by Indian Government

ByNews Polite

India’s government on Friday warned social media firms including Facebook and YouTube to repeatedly remind users that local laws prohibit them from posting deepfakes and content that spreads obscenity or misinformation, two sources told Reuters. The warning was conveyed by deputy IT minister Rajeev Chandrasekhar in a closed-door meeting where…