The European Commission, which acts as the executive for the 27-country European Union, did not say why it had dropped its case against the iPhone maker for requiring developers to use its own in-app payment system.
"I am unbelievably sorry for my role in all of this," Singh said, adding that he knew by mid-2022 that Bankman-Fried's hedge fund, Alameda Research, was borrowing FTX customer funds, and customers were not aware. Singh said that he would forfeit proceeds from the scheme.
The European Union data protection watchdog on Tuesday expressed concerns about a European Commission draft decision that could pave the way for a new data transfer pact with the United States, saying more should be done to protect Europeans' privacy rights.
As executives in the tech world are looking to sharpen their talent as well as diversify their skill sets amid large-scale layoffs, upskilling startups are confident of growing their businesses this year. Edtech firms at the same time remain in dire straits post-Covid.
Representatives from matrimony, dating, fintech, edtech and gaming sectors discussed the implications of the billing system, where Google said it would reduce the fee only by 4% if a user pays through an alternative billing system.
San Jose, California-based Zoom forecast profit between $4.11 and $4.18 per share for fiscal 2024, compared with analysts' average estimate of $3.66 per share, according to Refinitiv data.
AI has emerged as a bright spot for investments in the tech industry, which has been struggling with slowing growth, and has cut thousands of jobs as well as dialed down on experimental bets to beat the downturn.
Under the new model, Wipro has created four GBLs organized around cloud, enterprise technology and business transformation, engineering, and consulting, according to the exchange filing. The changes will go into effect April 1, 2023.
The consolidated revenue from operations increased 42% year-on-year (YoY) to 2,062 crore, driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in commerce business.
Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have long lobbied for a Big Tech contribution while Alphabet Inc's Google, Apple Inc, Meta Platforms Inc, Netflix Inc, Amazon.com Inc and Microsoft Corp are the firms that said an internet tax would undermine EU rules to treat all users equally.
According to a report in tech publication TechCrunch, the tech giant believes that modern network infrastructure will assist its telecommunications partners to improve and monetise their existing infrastructure while also lowering their overall cost of ownership.
Current cyber security rules, government policies and regulations "are simply not at the level that we need them to be," Prime Minister Anthony Albanese said during a meeting with industry leaders and experts.
The layoffs came after a week when the company made it difficult for Twitter employees to communicate with one another. The company's internal messaging service, Slack, was taken offline, preventing employees from chatting with one another or looking up company data, five current and former employees told The New York Times.
For the past two years, Zomato has been charging a commission of 18-25% per order for deliveries, depending on its arrangement with restaurant partners.
In a LinkedIn post, Google India employee Animesh Swain stated that pink slips were also served to employees with highest ratings. The list also has names who were recently awarded promotions.
The introduction of platforms like ChatGPT has led to concerns on whether a trained human is needed at all to deliver the work which a technology company offers to clients.
Twitter announced on Saturday that it will be firing 50 employees across multiple engineering teams, including those supporting advertising technology, the main Twitter app, and technical infrastructure to keep Twitter's systems up and running.
Microsoft said the issue was resolved and it might take 24 to 48 hours to propagate to all affected devices.
The paper could be used to formulate a coordinated and comprehensive policy to regulate crypto assets.
Citizen, which has previously raised about $133 million from backers including Peter Thiel’s Founders Fund, has over 9 million users and operates in 60 cities across the US
According to the chair's summary released at the end of the two-day meeting of the Finance Ministers and Central Bank Governors (FMCBG) on Saturday, the grouping will be looking forward to the IMF-FSB Synthesis Paper on crypto assets.
Alphabet and Google CEO Sundar Pichai on Saturday said that the company awarded a record $12 million in bug bounties to more than 700 researchers in 2022, including the largest award in its bug bounty programme history.
Twitter has apparently shut off its internal communication system Slack and employees posted on anonymous workplace chat app Blind that the company had stopped paying its Slack bills.
European Union's executive arm, the European Commission, has issued an order to ban the use of popular Chinese app TikTok on its staff's phones due to cybersecurity concerns.
The Federal Trade Commission (FTC), which lost a fight in court to block the acquisition, said in a filing that it has decided to formally end its effort.
Even as the winter recedes from the capital, the chilly undercurrent of the funding winter was palpable at the GSV Emeritus India Summit, organised earlier this week at Gurugram, which saw participation from executives representing edtech startups and investors from across the country and overseas.
The latest capital raise from investors including Thrive Capital could be the largest private funding round in recent memory, marking a steep decline in the valuation of the fintech startup, which was valued at $95 billion in early 2021.
Addressing a meeting of the Association of Registered Investment Advisers on Friday, Sebi whole-time member Ananth Narayan Gopalkrishnan said some unscrupulous people are misusing their Sebi registration to further their businesses and as the regulator "we don't want (that) to happen".
Facing a drop in advertising revenues, parent company Meta is piloting a subscription in Australia and New Zealand before it appears in larger markets. The service will cost US$11.99 on the web and US$14.99 on the iOS and Android mobile platforms.
Complying with the directives of the Competition Commission of India (CCI), Google is bringing about a change in its ‘Google Play payment policy’. The change permits an alternative billing system for users making in-app purchases on mobile phones and tablets, alongside Google Play's billing system.
Deepak will be the brand ambassador of the platform while Jaya, who has been a media professional, will manage the operations of the company as its founder and CEO.
Uber started third-party taxi integration two years ago and plans to scale up the third-party taxi from 50 to 500 cities globally.
India, which is among the world's largest data markets, is already battling a flood of misinformation that is worsened by the multiplicity of languages. Generative AI technologies can further accentuate the problem according to technologists tracking the rise of these applications.
Developers, however, said this was a direct violation of the Competition Commission of India's (CCI) guidelines and alleged that Google was 'finding loopholes' in the CCI's verdict.
The layoffs majorly impacted Bengaluru and Gurgaon offices. It was a result of shuttering of a global delivery centre that housed custom development roles to undertake SAP implementation projects.
Chandrasekhar also said the government is waiting for firms such as Facebook and Google to come up with a concrete framework for fact-checking information on its platforms and the government will not notify the policy unless a clear model emerges.
The owner of the app where women make the first move has in recent months benefited from a pullback in the U.S. dollar and new features such as "Compliments", which allows users to engage with each other before they decide to connect by sending a note.
Around 20% of the lateral movement from IT firms have been absorbed into captives and non-tech firms that are going digital. This is largely because of a lateral hiring squeeze at IT services firms, said Guruprasad Srinivasan, chief executive at India’s largest staffing firm Quess Corp.
In new research published in the journal Nature, the Google Quantum AI lab described a system that can significantly decrease the error rate.
The investigation was opened by Milan magistrates at the request of the European Public Prosecutor's Office (EPPO), which asked the Guardia di Finanza police and the Italian Revenue Agency to check if there is a case for user registrations to be subject to tax.
Generative AI refers to a category of artificial intelligence algorithms that generate new outputs based on the data they have been trained on.
Founded in 2017, Lime runs electric scooters, electric bikes and electric mopeds in various cities around the world.
ChatGPT-driven Bing search engine triggered a shockwave after it told a reporter with The New York Times that it loved him, confessed its destructive desires and said it "wanted to be alive", leaving the reporter "deeply unsettled."
The Bengaluru-based firm, backed by Twitter and Snap Inc, has cut its cash burn down by a third compared to the same time last year, ShareChat founder and CEO Ankush Sachdeva told ET.
Britain earlier this month said the deal could harm gamers by weakening the rivalry between Xbox and PlayStation, result in higher prices, fewer choices and less innovation for millions of players, as well as stifling competition in cloud gaming.
The hearing will allow Xbox maker Microsoft to gauge the mood among senior EU and national competition officials and Commission lawyers ahead of the submission of remedies to address antitrust concerns.
Edtech firm NxtWave on Tuesday said it has raised $33 million (about Rs 272 crore) in its latest funding round led by private equity firm Greater Pacific Capital. NxtWave's existing venture investor Orios Venture Partners also participated in the funding round.
Fans in China would have access to NBA video content on Alipay, the hugely popular payments app owned by Ant Group, the company said in a statement.
